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Safety and ESG

Increased hydrocarbon production, sustainability programs go hand in hand to create a resilient upstream

Petronas, ADNOC and Total all looking to digital technologies to cut costs out of traditional oil and gas projects while driving initiatives to lower emissions By Stephen Forrester, Contributor The future of upstream oil and gas is looking more uncertain than ever, after experiencing one of its most volatile years in 2020. Global oil demand dropped by 9 million bbl/day, and Brent prices fell to $18/bbl in April. Companies are also facing intense pressure to develop and adhere to more stringent ESG frameworks, even while major operating companies slash capital spending. Clearly, the upstream sector needs to strategize on a better path forward. Three E&P companies – Petronas, ADNOC and Total – shared their perspectives in a session at CERAWeek 2021. For ...

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NOCs from Africa, South America seek to boost competitiveness by investing in gas, renewables

Ecopetrol, Sonangol and NNPC moving to embrace lower-carbon projects in bid to attract external funding, develop long-term path forward By Stephen Whitfield, Associate Editor Amid the decarbonization of the global economy, international oil companies (IOCs) aren’t the only ones facing rising ESG pressures. National oil companies (NOCs) from Africa to South America are also contending with calls – from both their citizens and investors – to adopt stronger protocols for reducing carbon emissions and to take a stronger stance on climate change. Some have also been urged to diversify into renewables; realigning portfolios to a low-carbon future is now seen as a key step to attracting external investments.  “Peak oil is around the corner, and NOCs must try to rapidly modernize as much as ...

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Evolution of BP’s self-verification encompasses digital app, targeting of barriers at component level

Over the past decade, self-verification has come to play a significant role within BP’s Wells organization when it comes to mitigating major accident risk. The program has been continuously updated and enhanced through the addition of barrier enablers and barrier owners, the development of a digital self-verification app, and the targeting of barriers at a component level. This work was detailed in a presentation at the 2021

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IADC advances well control training with launch of KREW

In April, IADC launched Knowledge Retention & Education for our Workforce (KREW), an online system designed to provide continuous learning opportunities for well control concepts and skills. In this video interview with DC, two members of the KREW Steering Committee – Mike Garvin, Senior VP Operations at Patterson-UTI, and Jeremy Sokol, Technical Training Unit Manager at Chevron, discusses the details of how KREW came to be, as well as why they believe KREW is important for the industry.

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