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Contributor: Savaram Ravindra
Posted: 06/20/2017
ravindra
When one mentions the effects of cloud computing on business, oil and gas is hardly the first industry that comes to mind.

The technology that has been enabling innovation across the board and disrupting business models at an ever accelerating pace has not really made that much of a dent in the energy sectors.

In this article, we look at the potential treasure trove that could turn monolithic companies into lean business machines. Full Content »
Contributor: Tim Haïdar
Posted: 06/06/2017
ballot
While many commentators and all major bookmakers are still pointing to a Conservative victory, recent experience has shown us that polls are not as trustworthy as they used to be.

In the event of a hung parliament and a Labour minority government, or a Labour-led coalition supported by the Liberal Democrats and Scottish National Party (SNP), what might the upshot be for British oil and gas? Full Content »
Contributor: Oil & Gas IQ
Posted: 04/11/2017
When oil is no longer in demand
The world is drowning in oil. But there is a growing belief that change is in the pipeline. In fact, research by McKinsey, a consultancy, and the World Economic Forum has identified three game changers for companies and policy makers within the industry. New energy sources, the likely growth of electric vehicles (EVs) and industry fragmentation are the main elements breaking the habit for oil companies. Full Content »
Contributor: Tim Haïdar
Posted: 12/13/2016
Tim Haïdar
After a month of deliberation and conjecture, the president-elect of the United States has chosen arch oilman, the chairman and CEO of ExxonMobil, Rex Tillerson, to be his Secretary of State.

The long-time head honcho of the world’s most powerful energy company will now become the world’s most powerful diplomat, a post occupied by six former presidents including three of the Founding Fathers.

The 64-year old Tillerson was set to retire from his post at ExxonMobil on reaching his 65th birthday in March 2017, as company policy dictates. He will now be swapping his office in Irving, Texas, for one on Capitol Hill. Full Content »
Contributor: Martin Richards, José María Sotomayor, and Rune Olsen
Posted: 12/13/2016
Martin Richards, José María Sotomayor, and Rune Olsen
Imagine how it would be to walk around in the area you are going to inspect or to do a maintenance job in and be familiarised with the environment, without actually being there. Image to assemble new complex structures and parts into existing structures to verify that it actually fits into the area, without actually doing the job. Imaging monitoring equipment in real time and seeing what is going on, remotely, and have it tell you when it needs maintenance before it breaks down.

Is this just a dream or is it possible to do this today? We explore the concept in this blog post by Rune Olsen. Full Content »
Posted: 12/13/2016
inf
Maintaining productivity and safety standards in the face of declining prices and profits is a challenge for oil and gas companies.

In part one of our two-part series, Mike Stone, product manager of Infor Enterprise Asset Management (EAM), gave an overview of cost-effective asset management in this environment. In part two, we dive into specific tools, processes, and resources that oil and gas companies can use to formulate a risk-based asset strategy. Full Content »
Contributor: 8over8 Ltd
Posted: 12/06/2016
8over8 infographic
The slump in oil prices has seen a tailing-off in the number of megaprojects - major infrastructure projects that cost more than $1 billion – on the drawing board throughout the energy industry.

The scale and complexity of these megaprojects will always translate into budget overruns and missed deadlines, but the oil and gas industry has a particularly high rate of project failure.

In conjunction with AVEVA ProCon, Oil & Gas IQ carried out a wide-ranging survey to professionals that have worked on oil and gas megaprojects in the recent past.

The statistics we gathered make for both sobering reading, and form the epitaph for the Age of the Megaproject… Full Content »
Contributor: Martin Richards, José María Sotomayor, and Rune Olsen
Posted: 12/06/2016
Martin Richards, José María Sotomayor, and Rune Olsen
News from the oil and gas industry have not been jolly reading the last years.

But, at the ONS 2016 Conference in Stavanger, we heard some very good news. Statoil published a statement saying they, together with their partners, had managed to reduce the cost of building first phase of the giant field Johan Sverdrup substantially. Full Content »
Contributor: Tim Haïdar
Posted: 12/06/2016
Tim Haïdar
In a historic move, the Organisation of Petroleum Exporting Countries (OPEC) last week agreed to the first cut in production for eight years.

Two years to the day since the world's most powerful cartel decided to let oil prices flit on the winds of the global markets, the 14-member combine has agreed to slash 1.2 million barrels per day (bpd) from the global supply kitty.

As a reaction to this most unexpected turn of events, especially unexpected here, the price of a barrel of Brent crude rocketed to 2016 highs, breaking through the $55 mark. The frisson that sent the financial world into giddy fits, may begin to tingle up the spine anew as Russia is set to join OPEC in production diminution for the first time in 15 years.

Unsurprisingly in the opaque world of energy geopolitics, all is not as it seems. Peering through the frosted glass of this “unilateral” agreement, we glimpse a house divided: the overall production cut tells but half the tale. Full Content »
Contributor: Tim Haïdar
Posted: 11/29/2016
Tim Haïdar
“The kitchen oven is reliable, but it's made us lazy.” - Jamie Oliver (1975 - )

Tomorrow, the Organisation of Petroleum Exporting Countries (OPEC) will convene for their 171st (Ordinary) OPEC Meeting in the Vienna, to discuss a potential production cut. Now where have we heard that before? Ah, that’s right, before every extraordinary and ordinary and common-or-garden and run-of-the-mill and off-the-cuff meeting of the 14-member combine for the last 18 months.

The upcoming instalment of the “Greatest No-show on Earth” will seek to push through an accord outlined in September to slash OPEC’s current output by more than 1.1 million barrels per day (bpd), from its October output of 33.8 million bpd. Whilst this looked to be on the cards last week, recent comments from the Saudi Arabian Minister of Energy, Industry and Mineral Resources, Khalid Al-Falih, have dampened the prospects of this happening. Full Content »
Contributor: Tim Haïdar
Posted: 11/22/2016
Tim Haïdar
As the last remnants of ticker-tape and glitter have been expunged all across the United States, the palpable feelings of both hope and despair still cling to the land like rust to metal.

As the president-elect prepares for his inauguration in the palatial surrounds of the 58-storey Trump Tower, a man in a squat, three-storey rotunda is watching on with interest. Full Content »
37 results
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Contributor: Tim Haïdar
Posted: 02/25/2013
today-podcast-seres
Part of the Oil and Gas Technology series In this exclusive interview, Tim Haðdar speaks with David Hartwell, of Click Software about the potential that mobile solutions have to enhance efficiency in the oil and gas sector. It is projected that $168 billion will be spent on enterprise mobility solutions through 2015, and some $8 billion of Full Podcast »
Contributor: Tim Haïdar
Posted: 11/04/2013
Tim Haïdar
742-years ago, a teenage Marco Polo would set out from Italy with his father and uncle on a voyage of discovery into Asia. A quarter of a century and 15,000 kilometres later, they would bring back paper, pasta and a host of luxuries from porcelain to jade Full Column »
Posted: 12/13/2016
inf
Maintaining productivity and safety standards in the face of declining prices and profits is a challenge for oil and gas companies.

In part one of our two-part series, Mike Stone, product manager of Infor Enterprise Asset Management (EAM), gave an overview of cost-effective asset management in this environment. In part two, we dive into specific tools, processes, and resources that oil and gas companies can use to formulate a risk-based asset strategy. Full Whitepaper »