As traditional reserves deplete and oil prices rise, market analysts predict that the global demand for petroleum products will increasingly be met with oil extracted from non-traditional resources in more challenging and harsher environments. Therefore, companies across the oil & gas industry are evaluating technologies and processes that can deliver
Author
In an increasingly complicated operating environment, the global oil and gas industry struggles to optimize their asset portfolio. Producers combat severe challenges inherent to aging facilities in the context of pricing volatility. Change is the new constant, as the cyclical nature of the oil and gas industry means that producers
The dramatic drop in crude oil prices from the highs above $100USD per barrel down to levels around $50 per barrel is one of the drivers behind the industry’s march towards improved operating efficiency. Along the corridors of Independent Oil Companies (IOCs) and National Oil Companies (NOCs), machine learning and
In Shakespeare’s tragedy of Hamlet, the sycophantic Osric, who witnessed Hamlet’s “very palpable hit” during a fencing duel, forces Claudius to adopt another strategy to achieve his goal, Hamlet’s murder. I see this analogy playing out more and more frequently among the International oil companies (IOCs) and National oil companies
What is Peak Oil? In short, it is the moment in time that witnesses the maximum rate of sustainable oil production from a global perspective, after which there is a sudden and irreversible or terminal decline in oil exploitation. M. King Hubbert was the purported crazy guy who felt emboldened