Business/economics
The event on 14 January in Houston will bring together leading economists and industry leaders and will debut the North American edition of Energython, “Molecule to Megabyte,” a business case challenge for students focused on gas-to-data-center solutions.
The plan seeks to train the next generation of clean-energy workers, aiming to double employment in the sector to 860,000 by 2030.
This article introduces a tender strategy framework—a four-pillar model built on nearly 2 decades of international upstream experience—that integrates engineering rigor with business strategy to improve contract awards, strengthen transparency, and deliver lasting project performance.
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Being ready to operate is one of the most critical steps in the development of an oil field. For complex projects characterized by technical risks and challenges, a structured approach is mandatory to ensure operational excellence and readiness. -
The oil and gas industry has always been a competitive arena, in which handling risks effectively has now become critical for business efficiency. The effect of risks on project costs should be carefully quantified in order to implement efficient measures to mitigate these risks.
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Working as an environmental and social performance leader in the extractive industry presents challenges in many areas. Among them is the integration of economic, environmental, and social considerations into business decision making for sustainable development.
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Richard Sykes, Executive Secretary of the International Petroleum Industry Environmental Conservation Association, weighs in on sustainability and social responsibility.
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Results of a survey of young professionals on oil and gas industry sustainability and social responsibility.
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Comments from TWA Editor Tony Thomas about sustainable companies and the content of the current issue.
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Charles Osborne of BP diseases the role that real options can play in managing risk.
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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.
