Business/economics
Global investment in the energy transition is creating high-demand roles for engineers in solar, wind, and digital energy systems. For YPs and engineers, adapting to this shift means upskilling in cross-disciplinary, digital, and sustainability-focused domains to stay competitive.
Integrating financial and HR expertise boosts profitability, reduces operational risks, and enhances long-term planning—empowering HR to tackle sector-specific challenges like budget constraints and talent shortages more effectively.
Explore the life of John D. Rockefeller, American businessman, philanthropist, and founder of Standard Oil Company.
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Charles Osborne of BP diseases the role that real options can play in managing risk. -
Comments from TWA Editor Tony Thomas on coupling best practices from the past with innovations for the future.
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Oil trading is a broad term, incorporating the exchange of physical oil cargoes and trading of paper instruments, which does not necessarily result in physical delivery of oil. It is a complex mechanism composed of several markets—spot, over-the-counter, and futures markets.
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Historically robust demand and hydrocarbon prices in the past have conditioned the industry to regard operating expenditure (opex) as a minor element compared with capital expenditure (capex). There are important lessons about opex that can be learned from our downstream cousins.
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University of Houston professor Michael Economides weighs in on the debate over peak oil.
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Peter Jackson of Cambridge Energy Research Associates presents a macroeconomic perspective on the peak oil theory introducing the concept of an undulating plateau.
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Dennis Smith, Chief Economist of IHS Energy, gives an introduction to commercial analysis of upstream projects, stressing the importance of various inputs, fiscal system interpretation, and presentation of economic indicators.
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Young professionals discuss the future energy mix and the role of renewables.
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Three young professionals respond to the questions posed in this issue's Forum survey.
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Sustained rapid economic growth has made China and India increasingly important in the world economy. The accompanying surge in energy demand from these two countries has been a factor in recent oil price increases.
