The oil and gas industry has consistently focused on improving its operations, particularly as production costs rise, refinement margins come under pressure, and labor shortages persist, along with an increasing pressure to reduce risks and enhance sustainability. These challenges collectively amplify the need and value for Operational Excellence (OpEx), enabling industry leaders to confidently demonstrate that they are operating their assets safely, reliably, sustainably, and cost-effectively.
Ahead of the 15th Annual Operational Excellence in Oil & Gas Summit, we caught up with advisory board members Nicolas Felix, Operations Director, Asset Management and O&M at TotalEnergies, Julie Thyne, Global Improvement Director at Dow Chemicals, and Stephan Blasilli, Head of Business Process Excellence at EDP Renewables, to discuss the evolution of Operational Excellence within the oil and gas industry.
Read as they highlight the importance of learning from failures, the transformative impact of digital technologies, and the rise of automation and AI, along with challenges faced by operators today - from balancing investment with returns to managing change fatigue.
In October 2022, Schlumberger announced its new name – SLB – and its transition from the world’s largest oilfield services company to a global technology company focused on driving energy innovation for a balanced planet.
As they became SLB, the need to evolve the company culture arose to support the new positioning effectively and enable them to deliver on their strategic goals. The program to support that cultural evolution became known internally as, ‘Living our Culture.’
We sat down with Carlos Sarmiento, Diversity & Inclusion Director and Philip Irele Evbomoen, HR Director, Digital & Integration Division at SLB, to better understand the ‘Living our Culture’ program’s implementation, successes, and challenges.
Read as we delve into the intricacies of the ‘Living our Culture’ framework and how diversity and most particularly inclusion lead to further innovation and performance within the organization.
The Operational Excellence in Oil and Gas Summit marked its 15th birthday by bringing together 300 operational experts for 3 days of interactive discussions, exclusive case studies, industry-leading workshops and unparalleled networking opportunities. We celebrated in style, by doing what we do best, being the premiere meeting point for operations leaders to share how they are reducing risk, cost, and complexity in their operations.
In our 2024 Post Event Report, explore our top 5 takeaways, thoughts from our conference chairs, audience statistics, and more!
Whether it’s quiet quitting, the great resignation, changing workforce demographics or the perceived “dirtiness” of the industry, the oil and gas sector has been struggling to recruit and retain the talent it needs.
The industry has been particularly hard hit by a convergence of long-standing trends: retiring baby boomers, a societal and industry-wide shift towards sustainability, and the digital transformation of work.
In a recent EY survey of young Americans, over 62% responded that they consider a career in oil and gas “unappealing,” and 39% responded that they consider it “very unappealing.” Many young people believe that the oil and gas industry is a dangerous and dirty industry that contributes to climate change.
“A seismic cultural shift is under way that will make it increasingly difficult for oil and gas companies to attract and retain knowledgeable, highly skilled workers — undermining the industry’s ability to succeed in a rapidly changing world,” write the E&Y authors.
Over half of workers in the oil and gas industry have said that they expect to work in a different industry in the next five years, according to a recent survey.
What can oil and gas companies do to attract and retain the talent that they need to thrive in the decades ahead? This ebook, produced in conjunction with our upcoming Operational Excellence in Oil and Gas Summit, looks at key tactics, leadership qualities and ways in which operational excellence can help.
How do biggest players in the oil and gas industry support Operational Excellence through Digital Transformation? Get Insights from Chevron Phillips Chemical, Phillips66, Delek US, Dow, EDF Renewables, bp, Buckeye Partners and QuarterNorth Energy today!
Improvements in digital technology have enabled oil and gas companies to dramatically increase efficiency and improve safety in their operations. The industry is increasingly making use of drones, wearable technology, robots, big data, and more. However, while Industry 4.0 promises enormous benefits to oil and gas companies, it can be difficult to implement. Digital transformation is much more than a technology project. It requires organizational, process, behavioral, and even cultural change.
Read our report '7 Factors for Successful Digital Transformation to Support Operational Excellence in Oil and Gas' today!
Recorded live at Operational Excellence in Oil & Gas Summit 2022! Delfina Govia of Oil & Gas Global Network (OGGN), the world's leading Oil & Gas podcast network, sits down with Grigor Bambekov, Senior Executive Leader, Excellence, Innovation, Digital and Business Transformation, to discuss his experience in the Oil & Gas industry and the challenges of Business Transformation and Operational Excellence.