Risk management
SPE President Jennifer Miskimins lent her expertise to Science Friday’s conversation about Venezuelan oil, explaining the reality of what it would take to extract and refine it.
In complex energy projects, technical excellence alone is not enough—successful delivery depends on disciplined execution skills such as scope clarity, realistic scheduling, stakeholder coordination, and proactive risk management, particularly for young professionals turning concepts into real-world results.
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.
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A sharp rise in seismic events in some areas of the United States where oil and gas production is booming is leading regulators and the industry to examine whether the two are related. -
The United States’ top offshore regulator said his agency is adopting new policies and measures to improve its working relationship with the offshore industry.
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Cost estimation for facilities depends on early concept selection and critical inputs, often complicated by uncertainty in one or more of the critical inputs. Empirical cost models and cost modeling methods using these inputs vary in degrees of scope, comprehensiveness, and robustness.
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Decision analysis is not a cookbook or series of boxes that must be checked before a project is approved, argue professors Reidar Bratvold and Steve Begg, who share some pointers on how to map out the likely consequences of decisions, assess the importance of individual factors, and choose the best.
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