The Missing Piece: Educating the Oil and Gas Workforce to Bridge the Skills Gap
There is a missing piece in the oil and gas industry, a hole, if you will. We’ve all, as a collective group, come to an impasse in this industry. We knew it was coming, but as it sneaks up on us, in whatever group we belong, we are affected by it in some way. The missing piece is knowledge. Knowledge…
Letter from the Publisher (November-December 2018)
As we get closer to the end of the year and look back at the activity during the past several months, it’s easy to say that the industry can be termed as the bounce back year. Some may say it has been a steady year, with not much to discuss, and yet a few in the industry felt the pain…
U.S. Federal Regulatory Bodies in the Energy Sector
As one can imagine, there is more than just the DOE (Department of Energy) involved in the regulation of the U.S. Energy industry. The DOE is the all-encompassing branch of the government which is responsible for all types of energy regulatory matters. There are additional regulatory bodies that are responsible for more granular levels of the energy industry from the…
Safety Practices and Procedures in the Oil Industry and Technology’s Influence
Among the industries at risk for health and safety hazards, the oil industry is one of the most susceptible. Oil and gas workers are consistently exposed to hazards such as confined spaces, motor vehicle accidents, slips, trips, and falls, and especially, fires and explosions. When workers succumb to such hazards, it is not only detrimental to the worker, their health,…
Forty-five years ago, October 17, 1973, the Arab oil embargo began as agreed to by the OPEC oil ministers. Since that time, beginning with the embargo, U.S. energy and economic direction has been impacted due to that decision. (The members of the Organization of Arab Petroleum Exporting Countries “OAPEC” initiated the oil embargo.) A few months later, (1974), The International…
Blockchain in Oil and Gas is Not Hype
Blockchain, cryptocurrency, Bitcoin, these are all the words that have been buzzing around since this time last year. Bitcoin was on a meteoric rise unlike any investment ever seen before. Since this there have been more than 2,000 companies that have appeared and are riding the blockchain wave on the pretense of ICO (Initial Coin Offering) fame. Most of these…
Oil and Gas Acquisition Market 2019 Outlook
The last few years I have written about the Market Outlook in the acquisition market for the coming year. For the most part, these outlooks are nothing more than reporting back to the reader the information I hear every single day. I don’t deal in global politics or billion dollar deals, so I have no input on any of those…
Interview: Kent Bartley, President, Maviro
The following is an interview with Kent Bartley, President, Maviro. The interview text has been left in tact, with only minor grammatical adjustments. Tonae’ Hamilton: Can you discuss the rebranding of Mattawa Industrial Services and Envirosystems USA as Maviro? What benefits will your customers see with this unification? Kent Bartley: Both Mattawa and Envirosystems have a long history of providing…
The 75K Well Drilling Profits in the Illinois Basin
Recently the Bakken recorded record crude oil and natural gas output numbers. The Permian is red hot too. These shale plays have crews setting up and tearing down well sites. In the Bakken, for example, well costs are in the $7-8M range, quite a reduction from $12M in 2014. But there are a few oil fields not receiving headlines or…
FREE Download Blockchain Adoption in Oil & Gas The advent of new technologies has ushered in new opportunities in the form of greater transparency, security and mobility across the Oil & Gas value chain. Blockchain is one such technology which has immense usages across the O&G industry.
FOX THERMAL has launched a new product – the Model FT4X Thermal Mass Flow Meter – ideal for serving Oil & Gas and Industrial applications. The new FOX Model FT4X allows the user to enter a Custom Gas Composition to optimize the flow meters calibration and calculate Density and Gross Heating Value. The FT4X is a high-end flow meter, and…
How New Oil & Gas Extraction and Transportation Methods are Influencing Pipeline Corrosion
The oil and gas industry has been steadily increasing production rates to keep up with the rising global demand for energy. According to statistics from BP, global oil production has increased from 63 million barrels per day in 1980 to 92 million barrels per day in 2016. In addition, global natural gas production has risen from approximately 1,430 billion cubic…
How Oil and Gas Companies Can Use AI Technology When Disasters Occur
Oil and gas companies bear a unique responsibility in providing the raw power all other companies need to function. When a disaster occurs, there is an outward ripple effect that significantly impacts numerous stakeholders. It is critical for oil and gas companies to maintain proper functioning even in the face of disastrous events and essential that they use every available…
Protective Clothing Buyer’s Guide for the Oil Industry
The oil and gas industry is dangerous because of the hazardous activities that take place at the worksite. It’s the responsibility of employers in this industry to recognize and control the potential hazards as much as possible, which means creating a workplace safety culture and providing the right equipment for the job to ensure that the risk of injuries and…
Drones Making Headway in Advancing E&P
Technological advances have been a theme in the energy sector through the decades, used by aggressive operators to make drilling or production activities more efficient and cost effective. Recently, many of these technological advances have involved horizontal drilling or completion techniques in unconventional reservoirs. One of the more intriguing and unconventional technological developments now being adopted is the use of…
Solving the Capacity Crunch in Today’s Petrochemical Supply Chain
It has become extremely difficult to optimize product movements across an increasingly complex petrochemical supply chain. Chokepoints at shale oil fields are complicated by capacity problems further down the logistical stream that are stimulating the construction and expansion of oil export terminals. Today’s challenges are slowing down product transports, increasing costs, and threatening to prevent oil companies from realizing the…
How Runtime Application Self-Protection (RASP) Can Prevent Cyberattacks in Oil & Gas Environments
Like all sectors of critical infrastructure, the oil and gas industry has emerged as a top target for cyberattack, yet most companies are not doing nearly enough to mitigate the risks. Demand for business insight and device monitoring has led many oil and gas companies to merge OT (Operational Technology), such as their control systems, with enterprise IT systems. While…
Advanced Anti-Corrosion Coating Utilized on Two North Sea Offshore Platforms
In a collaborative effort designed to improve vital protection of offshore assets, the OGTC (Oil & Gas Technology Centre) is successfully conducting trials of an advanced anti-corrosion coating on two North Sea offshore platforms. The mission of the OGTC, which is jointly funded by the government, is to establish a culture of innovation and position as a global hub for…
Preparing for Digital Downstream Supply Chain Capabilities
Several major downstream companies have recently embarked upon large-scale digital transformations with anticipated capital spend tallying in the tens to hundreds of millions of dollars. While these initiatives promise significant returns, not all small to midsize refining organizations are prepared to double down on digital and make investments of this magnitude. On the other hand, there are numerous “no regrets”…
Fundamentals in the Oil Field Matter Even More with Big Data
Today, everyone talks about data like it is a new idea that has emerged within the digital age, and that it has come to save time and money in the oil fields. The fact that we now use “data” to refer to information in a digital format changes very little about the fundamentals of data pattern seeking and trends associated…
The ROI of Business Continuity Can Be Found in the Cloud
Hurricane Harvey was a sobering reminder that producers in Texas, Louisiana and Oklahoma – no strangers to catastrophic and costly storms – frequently face the potential for significant impacts to their business from weather-related disasters. Beyond the immediate disruption to communication infrastructure, roads, and buildings, producers must brace themselves for revenue losses due to operational interruptions, as well as commodity…
Commodity Hedging: Lessons Learned by Early Adopters of New Hedge Accounting Rules
For public companies with a December 31, 2018 fiscal year-end, new hedge accounting rules will become effective on January 1, 2019. The FASB (Financial Accounting Standards Board) issued the new hedge accounting guidance on August 28, 2017, through ASU (Accounting Standards Update) No. 2017-12. The ASU provided the election to early adopt the new guidance and some companies made the…
In The New Age Of Activism, Minimizing Political And Reputational Risk Is Key
In surpassing Russia to become the largest crude oil producer in the world, the United States is poised to make the most of an energy revolution that would have seemed unlikely only a decade ago. The ramifications of this revolution could be profound for American consumers, economy, and our allies and partners around the world. However, although there have been…
Feature Podcast: Educating the Oil and Gas Workforce to Bridge the Skills Gap
There is a missing piece in the oil and gas industry, a hole, if you will. We’ve all, as a collective group, come to an impasse in this industry. We knew it was coming, but as it sneaks up on us, in whatever group we belong, we are affected by it in some way. The missing piece is knowledge. https://media.blubrry.com/oilmanmagazine/p/oilmanmagazine.com/wp-content/uploads/2018/11/Oilman_TheMissingPiece_110518.mp3Podcast:…
