It’s a problem all companies should be so fortunate to face: What should we do with all of this cash? An extended period of high commodity prices has helped many oil and gas companies realise record revenues, earnings, and cash flows. A recent industry survey by energy research firm John S Herold reported that cash […]
Managing Risk Through IT Read More »
Interest in heavy oil production has increased in recent years because of the large reserves that are accessible. Estimating world reserves is difficult, but the total volume of heavy oil available is probably about the same as that of conventional oil. However, a major difficulty with heavy oil is its extremely high viscosity, which makes
Making Light of Heavy Oil Read More »
In the years following the Piper Alpha tragedy, the oil and gas industry in the UK made significant improvements in safety through the application of new hardware, design changes and modifications, and new policies and procedures. Dedication and hard work by the workforce and management alike had led to a significant reduction in the number
Step Change for Health and Safety Read More »
Over the last two years, e-procurement for marine purchasing has gone from a faddish curiosity to a business tool that mainstream operators are willing to invest in. Several oil and gas companies are also using e-procurement for supply and services to their offshore rigs situated in international waters. The buyer usually aggregates the needs of
E-Procurement Making Waves Offshore Read More »
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