14 Mar, 2016

Part 2 - Budgeting Production Activities

Budgets of various types constitute the principle management vehicle for the formal expression of the company's plans and objectives for a specified period of time. No other management tool is capable of providing the operational direction that can be achieved through a well-planned and developed budget. In this excerpt from Economics of Worldwide Petroleum, we will examine concepts of budgeting for production activities.

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10 Mar, 2016

Part 1 - Budgeting Exploration Activities

Budgets of various types constitute the principle management vehicle for the formal expression of the company's plans and objectives for a specified period of time. No other management tool is capable of providing the operational direction that can be achieved through a well-planned and developed budget. In this excerpt from Economics of Worldwide Petroleum, we will examine concepts of budgeting for exploration activities.

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6 Jul, 2015

'Building a High-Performance Facilities Engineering Organization' is now available for download

This paper presents a methodology for constructing a Facilities Engineering organization for an Upstream-Midstream operating company. The methodology encompasses 7 main elements.

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3 Mar, 2015

Process Safety and Low Oil Prices

In this edition of our Tip of the Month series, we reflect back to December 2008, and get a reminder from the United States Chemical Safety Board (CSB) to remain focused on process safety and accident prevention during this time of lower oil prices. During the economic downturn of 2008, oil prices dropped significantly. The latest drop in crude oil prices is similar. At that time, the CSB produced a video message asking companies to stay focused on process safety. That message is still very relevant today.

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4 Aug, 2014

The Importance of Leadership in Process Safety Management

The first pillar of Risk Based Process Safety Management is “Commitment to Process Safety.” A formalized mentoring system can ensure workforce involvement, compliance with company and regulatory requirements, increase the competency of personnel and enhance the process safety culture of the entire organization. Within this element there are several essential features that lead to a more effective process safety culture. Providing strong leadership is critical for any organization that strives to manage the risk associated with the activities associated with process safety. Leadership is a skill that is not necessarily intuitive to managers and mentors. Leadership is a skill that can be learned. In this Tip of the Month (TOTM), we explore process safety leadership.

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14 Jan, 2014

Visit us at these conventions in 2014!

PetroSkills will be attending the following conferences in 2014. As always, these events give us a wonderful opportunity way to speak with industry professionals, hear feedback, discuss solutions, network, and identify the best ways to work together to improve competency for you and your organization.

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6 Jan, 2014

PetroSkills Acquires Resource Development Company, LLC

PetroSkills announced today that it has acquired Resource Development Company, LLC (RDC™) of Birmingham, Michigan. The acquisition of RDC significantly expands the range of products and services available to members of the PetroSkills Alliance and to PetroSkills customers worldwide.

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22 Apr, 2013

The Value of Competent People

In the first article in this 2-part series, Ford Brett describes the likely cost to the oil and gas industry of the Big Crew Change –the waste of the equivalent of 20% of total E&P expenditures, or more than US $35 billion per year. In the second article, he examines strategies to confront the looming competency gap.

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22 Apr, 2013

Navigating Around the Perfect Storm in Drilling Operations. Part 1.

In the drilling contractor and other oilfield service markets, the most painful manifestation of the Big Crew Change is among entry-level employees...

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19 Apr, 2013

Methanex announced as newest member of the PetroSkills Alliance

KATY, Texas, USA (19 April, 2013) — As the PetroSkills Alliance continues to grow and diversify, we are pleased to welcome Methanex as the latest company to join the PetroSkills Alliance. The largest supplier of methanol in the world, Methanex brings a wealth of petrochemical experience and expertise to the PetroSkills value chain portfolio.

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