Chemical process industry How managers should think about risk—a case study from the oil and gas industry

2014 ◽  
pp. 473-480
Keyword(s):  
Chemical Process ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Process Industry ◽  
Gas Industry ◽  
Chemical Process Industry

Value Co-Creation Practices in the Decommissioning of Offshore Platforms: A Case Study Approach

2021 ◽  
pp. 239496432110320
Author(s):  
Francesca Loia ◽  
Vincenzo Basile ◽  
Nancy Capobianco ◽  
Roberto Vona
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Future Research ◽  
Offshore Platforms ◽  
Gas Industry ◽  
Study Approach ◽  
Collaborative Interactions ◽  
Exploratory Approach ◽  
Italian Context

Over the years, value co-creation practices have become increasingly more important by supporting collaborative interactions and the achievement of sustainable and mutual competitive advantage between the ecosystem’ actors. In this direction, the oil and gas industry is proposing a sustainable re-use of offshore platforms based on value co-creation and resources exchange between the actors involved. According to this consideration, this work aims at re-reading the decommissioning of offshore platforms in the light of value co-creation practices, trying to capture the factors that governments and companies can leverage to pursue a sustainable development of local communities. To reach this goal, this work follows an exploratory approach by using, in particular, the case study. Specifically, one of the most notably projects in the Italian context have been chosen, the Paguro platform, in order to provide empirical insights into the nature of these value co-creation processes. Five value co-creation practices have been identified which highlight the importance of synergistic efforts of institutions, companies and technology-based platforms for improving the ability to co-create and capture value in the process of decommissioning. This exploratory work establishes a foundation for future research, and offers theoretical and managerial guidance in this increasingly important area.

scholarly journals Strategic Thinking: Intelligent Opportunism and Emergent Strategy — The Case of Strategic Engineering Services

2016 ◽  
Vol 17 (1) ◽  
pp. 65-70 ◽  
Author(s):  
Steven Pattinson
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Strategic Thinking ◽  
Gas Industry ◽  
Covering System ◽  
Emergent Strategy ◽  
Engineering Company ◽  
Engineering Services ◽  
The Relationship

This case study focuses on strategic thinking and opportunistic approaches to business growth and diversification. It begins by examining the recent purchase of ‘Quickcover’, a remote-controlled sports pitch covering system, by engineering company Strategic Engineering Services and the company's current dilemma – whether to continue to develop this type of product, or sell it and concentrate on its existing engineering services business. In recent years, Strategic Engineering Services has moved away from traditional heavy engineering and diversified into related areas such as engineering services, oil and gas industry recruitment, plant and equipment hire, instrument calibration and project management. The case considers the relationship between strategic thinking and entrepreneurial approaches to opportunity recognition, exploring the concept of intelligent opportunism as an approach that enables entrepreneurs to develop emergent strategies and take advantage of new opportunities. It explores these concepts in the context of the current dilemma of Strategic Engineering Services.

Subsurface engineering of CCUS in Australia (case studies)

2019 ◽  
Vol 59 (2) ◽  
pp. 762
Author(s):  
Mohammad B. Bagheri ◽  
Matthias Raab
Keyword(s):  
Uncertainty Analysis ◽  
Case Studies ◽  
Oil And Gas ◽  
Co2 Storage ◽  
Oil And Gas Industry ◽  
Reservoir Engineering ◽  
Co2 Injection ◽  
Gas Industry ◽  
Co2 Plume

Carbon capture utilisation and storage (CCUS) is a rapidly emerging field in the Australian oil and gas industry to address carbon emissions while securing reliable energy. Although there are similarities with many aspects of the oil and gas industry, subsurface CO2 storage has some unique geology and geophysics, and reservoir engineering considerations, for which we have developed specific workflows. This paper explores the challenges and risks that a reservoir engineer might face during a field-scale CO2 injection project, and how to address them. We first explain some of the main concepts of reservoir engineering in CCUS and their synergy with oil and gas projects, followed by the required inputs for subsurface studies. We will subsequently discuss the importance of uncertainty analysis and how to de-risk a CCUS project from the subsurface point of view. Finally, two different case studies will be presented, showing how the CCUS industry should use reservoir engineering analysis, dynamic modelling and uncertainty analysis results, based on our experience in the Otway Basin. The first case study provides a summary of CO2CRC storage research injection results and how we used the dynamic models to history match the results and understand CO2 plume behaviour in the reservoir. The second case study shows how we used uncertainty analysis to improve confidence on the CO2 plume behaviour and to address regulatory requirements. An innovative workflow was developed for this purpose in CO2CRC to understand the influence of each uncertainty parameter on the objective functions and generate probabilistic results.

Case Study of a Gas Turbine Chronic Failure at Saudi Arabia

2019 ◽  
Author(s):  
Abdullah N. AlKhudhayr ◽  
Abdulrahman M. AlAdel
Keyword(s):  
Gas Turbine ◽  
Gas Turbines ◽  
Oil And Gas ◽  
Electrical Power ◽  
Oil And Gas Industry ◽  
Machine Design ◽  
Severe Damage ◽  
Major Overhaul ◽  
Gas Industry

Abstract A gas turbine is a reliable type of rotating equipment, utilized in various applications. It is well known in power generation and aviation. In the oil and gas industry, gas turbines are utilized in locations with limited electrical power or a high power driven load requirement, such as offshore or a high-rated power 20MW compressor. Five gas turbines are used as mechanical drive equipment. After a few years of operation, the gas turbines were experiencing high operating temperatures in bearings, turbine compartments, high spread temperature, and the presence of smoke in the exhaust. During a major overhaul of the turbines, oil was found to have accumulated internally in the wrapper casing, along with damage to several internal combustion components. In one case, the exhaust casing experienced severe damage with deformation. This paper presents a case study of a gas turbine failure and its contributors. The paper explains the mitigated solution to overcome the challenges related to the gas turbine operation, maintenance, and machine design.

Mutual Development

2010 ◽  
Vol 22 (2) ◽  
pp. 36-57 ◽  
Author(s):  
Anders I. Mørch ◽  
Renate Andersen
Keyword(s):  
Oil And Gas ◽  
System Development ◽  
Research Question ◽  
Oil And Gas Industry ◽  
Project Planning ◽  
Gas Industry ◽  
Main Research ◽  
Software Product ◽  
Software House

The article presents and analyzes data from a case study in customer-initiated software product development. We have observed and participated in system development activities in a commercial software house (company) over a period of two years. The company produces project-planning tools for the oil and gas industry, and relies on interaction with customers for further development of its products. Our main research question is how customers and professional developers engage in mutual development mediated by shared software tools (products and support systems). We have used interviews with developers and customers as our main source of data, and identified the activities (from use to development) where customers have contributed to development. We analyze our findings in terms of co-configuration, meta-design and modding to name and compare the various stages of development (adaptation, generalization, improvement request, specialization, and tailoring).

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