Petroleum Review - October 2012
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The price of oil should be no surprise
Dr Roger Bentley MEI, Visiting Research Fellow, Dept of Cybernetics, The University of Reading
DECOMMISSIONING – NORTH SEA
Making moves on Murchison
Operator CNR International has been getting to grips with the issues surrounding decommissioning one of the North Sea’s giant platforms this year, writes John Bradbury.
DECOMMISSIONING – CASPIAN
Decommissioning in the Caspian poses a number of legal and environmental challenges, reports Mark Rowe.
DECOMMISSIONING – E&P
Recycle to reuse – challenging the status quo
John Kelly, UK Operations Director, and Bas Pauwels, Product Line Director for Relocations, Stork Technical Services, and Brian Nixon, Chief Executive, Decom North Sea, look at the benefits of relocating and reusing plant, equipment or entire facilities, rather than defaulting to scrap when asset decommissioning is being considered.
E&P – UNCONVENTIONALS
The well delivery revolution
Unconventional developments require placing a premium on speed, predictability and cost management, write JoAnn Meyer, Accenture Director responsible for oil and gas operations; Todd Blackford, a Manager in Accenture’s Management Consulting practice; and Jeff Miers, a Senior Executive in Accenture’s Energy Industry Group.
RISK MANAGEMENT – E&P
Risk management for sustainable profits
The E&P sector faces a steeply rising risk curve due to a combination of increasingly complex field development projects, rising country risks, highly volatile commodity prices and unstable credit markets. Crispian McCredie and Ruud Weijermars, Alboran Energy Strategy Consultants, argue that sustainable profits are generated by those companies with the most rigorous risk management framework.
RISK MANAGEMENT – HEALTH AND SAFETY
Lessons from the past – are we learning?
Learning from incidents and accidents within the oil, gas and petrochemical industry is a subject which seems to have been covered by industry experts in abundance over the years. However, despite ‘lessons from the past’ being well documented, the implementation of strategies to mitigate these risks appears to be a more complex issue, explains Iain Clough, Senior Risk Engineer, Global Energy Risk Engineering, Marsh.
RISK MANAGEMENT – OFFSHORE DRILLING
Is your BOP safe to operate?
Is it possible to increase safety of deepwater drilling while saving the drilling contractor a significant amount of money? Is it possible to provide better documentation of the decision-making processes when failures are detected in safety-critical equipment and thus give the regulators better confidence in their assets? The answer is ‘Yes’, according to Moduspec and Scandpower, members of the Lloyd’s Register Group, which have developed an online modelling tool to assess blow-out preventer (BOP) risks.
RISK MANAGEMENT – SUBSEA TECHNOLOGY
Real-time deepwater simulation reduces risks
Simon Marr, Robotic Technologies Business Development Manager, Fugro Subsea Services, explains how the use of subsea visualisation, simulation and control technologies are increasing operational visibility and leading to improvements in risk management.
CPD AND SKILLS – ENERGY INSTITUTE
Mentoring – making a difference
The Energy Institute (EI) has long offered a service that matches people working towards Professional Membership or Chartership status with a mentor to help guide them through the process. The EI is currently reviewing its resources for both mentors and mentees, and advertising this benefit more widely to make sure that members know there is support available to them when they apply to upgrade their membership. Kate Dinwiddy, EI Professional Development Manager, reports.
TRAINING – PROJECT MANAGEMENT
The value of a strategic approach
In response to an increased risk to capital projects, Centrica Energy Upstream has invested in project management competency training to support an ongoing programme of professional development for all project managers and related support staff, writes Tony Marks, Managing Director, 20|20 Business Group.
CPD – SKILLS
Sapped – the impact of a skills gap
The global energy marketplace continues to expand, demanding ever greater talent resources. Indeed, it is one of the few industries to have experienced a skills shortage during the global recession, writes Judy Craske, Project Director, Shaping the Future, a talent management and economic regeneration programme being run in North Wales’ nuclear power sector.
PROFESSIONAL DEVELOPMENT – ENERGY INSTITUTE
Women in energy – are we helping ourselves enough?
International and Professional Affairs Director at the Energy Institute, Sarah Beacock FEI, discusses the results of a recent Energy Institute survey, which looked at the professional development of women in the energy sector.
SKILLS – BUSINESS MANAGEMENT
How to be a successful executive
Energy Delta Institute (EDI) recently surveyed a number of industry leaders in order to determine what it takes to be a successful executive in the energy industry.
EI TECHNICAL – HYDROCARBON MANAGEMENT
Outlines some of the latest developments within the Energy Institute’s Hydrocarbon Management Committee.
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