Data Drilling: Changing the Way the Oil and Gas Industry Manages Safety and Risk

Author(s):  
Brian Caldwell ◽  
Jack Hinton
2017 ◽  
Vol 57 (2) ◽  
pp. 589
Author(s):  
Astrid Barros

The last few years have been challenging ones for the oil and gas industry with a significant drop in oil price. At the same time ageing facilities and a more dynamic market have been driving the need for becoming more efficient in the way we do our business, i.e. business as usual is not enough anymore. It is not only about individual efforts, the global response to the need for becoming more efficient has driven an increase in collaborative initiatives among the industry which we will all benefit from. A few of these initiatives have significantly improved the way we manage offshore floating structures engineering at Woodside.


The Way Ahead ◽  
2015 ◽  
Vol 11 (01) ◽  
pp. 15-17
Author(s):  
Islin Munisteri ◽  
Rita Okoroafor ◽  
Asif Zafar ◽  
David Sturgess ◽  
Amanpreet Gill

Author(s):  
Graciela Jharap ◽  
Laura P. van Leeuwen ◽  
Robert Mout ◽  
Wouter E. van der Zee ◽  
Femke M. Roos ◽  
...  

Abstract The main objective of this paper is to give an overview of the risks seen in the exploration and production of geothermal energy from the viewpoint of the regulator. The risks are categorised as conventional risks, ultra-deep risks and enhancing factors. These risks are similar to those seen in the oil and gas industry, but the maturity of the geothermal sector in terms of managing such risks is much lower. Another objective of this paper is to discuss how these risks are managed and mitigated by the sector and the supervisor, State Supervision of Mines (SodM). Portfolio operators developing multiple projects, using skilled employees and embracing continuous improvement are seen as the way forward for the sector to grow safely and sustainably. This paper concludes that positive developments have started, but a lot of work still needs to be done to ensure safe growth of the geothermal energy sector.


2020 ◽  
Vol 78 (7) ◽  
pp. 861-868
Author(s):  
Casper Wassink ◽  
Marc Grenier ◽  
Oliver Roy ◽  
Neil Pearson

2004 ◽  
pp. 51-69 ◽  
Author(s):  
E. Sharipova ◽  
I. Tcherkashin

Federal tax revenues from the main sectors of the Russian economy after the 1998 crisis are examined in the article. Authors present the structure of revenues from these sectors by main taxes for 1999-2003 and prospects for 2004. Emphasis is given to an increasing dependence of budget on revenues from oil and gas industries. The share of proceeds from these sectors has reached 1/3 of total federal revenues. To explain this fact world oil prices dynamics and changes in tax legislation in Russia are considered. Empirical results show strong dependence of budget revenues on oil prices. The analysis of changes in tax legislation in oil and gas industry shows that the government has managed to redistribute resource rent in favor of the state.


2011 ◽  
pp. 19-33
Author(s):  
A. Oleinik

The article deals with the issues of political and economic power as well as their constellation on the market. The theory of public choice and the theory of public contract are confronted with an approach centered on the power triad. If structured in the power triad, interactions among states representatives, businesses with structural advantages and businesses without structural advantages allow capturing administrative rents. The political power of the ruling elites coexists with economic power of certain members of the business community. The situation in the oil and gas industry, the retail trade and the road construction and operation industry in Russia illustrates key moments in the proposed analysis.


2019 ◽  
Vol 16 (6) ◽  
pp. 50-59
Author(s):  
O. P. Trubitsina ◽  
V. N. Bashkin

The article is devoted to the consideration of geopolitical challenges for the analysis of geoenvironmental risks (GERs) in the hydrocarbon development of the Arctic territory. Geopolitical risks (GPRs), like GERs, can be transformed into opposite external environment factors of oil and gas industry facilities in the form of additional opportunities or threats, which the authors identify in detail for each type of risk. This is necessary for further development of methodological base of expert methods for GER management in the context of the implementational proposed two-stage model of the GER analysis taking to account GPR for the improvement of effectiveness making decisions to ensure optimal operation of the facility oil and gas industry and minimize the impact on the environment in the geopolitical conditions of the Arctic.The authors declare no conflict of interest


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