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Using AI to improve E&P Performance

You may have noticed this news item a week or so ago, talking about BP's plans to introduce AI to seek drilling performance improvement. It seems these plans are part of an effort to embrace new technologies, which Bob Dudley, BP's chief executive, said last week were “rewriting the rule book for ...

Petromall Insights


Posted 2 years agoOpinion > aiPerformance ImprovementExploration and Production

Shape Shifting!

The Majors ‘shape shift' whilst E&Ps slumber! Despite my feeble attempts at damning current newspaper articles as “silly season” journalism, here I touch on a couple of interesting ones from the Times on Friday and today. Firstly, one about Shell – similarly to BP - adopting a ‘lower forever' mi ...

Petromall Insights


Posted 2 years agoOpinion > Energy SuppliersBPShell +1

The silly Season!

Some years ago, given my blank response to a question, one of my bosses at Beyond Prudence decided to educate me about “The Season” which (apparently) once was the summer period when ‘debutante' balls were on in London and South East England but now describes the period from the Chelsea Flower Show ...

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Posted 2 years agoOpinion > ClimateClimate ChangesCO2 +1

The next "Shale Gale"?

David Bamford opines on the world's great shales! A few weeks ago I used my blog/Newsletter to quiz readers on what they regarded as the world's great source rocks. And, by inference, where might the next “Shale Gale” be blowing, mimicking what has happened in the USA? I'm glad to say I got an unu ...

Petromall Insights


Posted 2 years agoOpinion > Shaleshale oilShale Gas

Does your CEO have his head in the sand?

We at Petromall have just published some Insights on “What E&P companies should do about decarbonisation” and I thought I would pull out of there three ideas that should give you pause, cause you to ask “I wonder what my company is doing, how our plans are changing?” Firstly, there is the perspec ...

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Posted 2 years agoOpinion > Oil pricesdecarbonisationfossil fuel +1

Yes, we have no bananas!

David Bamford says: I apologize for inflicting on you an article that is now about 4 months old but I thought that in view of some recent news , it was worthy of refreshment! One day on a remote planet in a parallel Universe…… A Botanist from a very very small company came across a large field ...

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Posted 2 years agoOpinion > KurdistanReservesReserves Audits +1

Scotland – reduce reliance on wind, develop fracking and clathrates research

Scotland should be very wary about further investment in wind power, it should develop fracking for gas, invest in energy storage, and do research into arctic methane clathrates, says Professor Brian Smart, former head of petroleum engineering at Heriot-Watt University Professor Brian Smart, former ...

Petromall Insights


Posted 2 years agoOpinion > ScotlandPowerwind power +2

Holed beneath the waterline!

Graham Scotton notes that Quality management decision making is needed for better project outcomes? Oil and gas management needs a step change if the industry is going to prosper in a $50 to $60 world – and perhaps the best way to describe the necessary improvement is ‘more rigour', as well as mo ...

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Posted 2 years agoOpinion > North SeaProject DeliveryProject Governance +1

Why we shoulld start decommissioning now

Chris Lloyd comments: If the oil and gas industry starts decommissioning earlier and gets a pipeline of projects together, it will enable it to retain expertise, build up a supply chain and organisational capability – and reduce a future decommissioning bottleneck, says Chris Lloyd At the moment ...

Petromall Insights


Posted 2 years agoOpinion > North SeaDecommissioning

Underwater Trainwrecks!

David Bamford writes: Some of you may have already browsed the OGA's five year review of (UKCS) major oil and gas projects. It is a sobering read, chronicling the various mishaps that beset 58 major projects executed between 2011 and 2016. On average: fewer than 25% of projects were delivered o ...

Petromall Insights


Posted 2 years agoOpinion > North SeaDecommissioningMarginal Fields +1

While E&Ps sleep!

David Bamford writes: In a previous article I highlighted what I will refer to as the “Tillerson Paradox” – namely the recognition that oil & gas are likely to remain a dominant component of energy supply for decades to come and yet accepting that carbon emissions (CO2 and CH4) are almost certainly ...

Petromall Insights


Posted 2 years agoOpinion > ClimateMajorsE&Ps

The test of a first rate intelligence….matched by inertia elsewhere

David Bamford writes: Most of you will have noticed that Rex Tillerson, former boss of ExxonMobil - also multi multi-millionaire courtesy of his remuneration package - is now the US Secretary of State, running that great country's international diplomacy. Having bumped into his former employer's ide ...

Petromall Insights


Posted 2 years agoOpinion > ClimateSupplies of oil & gas

Chrysaor and Enquest buying North Sea assets – two different financial approaches to decommissioning

Greg Coleman comments: In January 2017 there were two big North Sea acquisitions – Enquest buying 25 per cent of BP's Magnus field ($85m) and Chrysaor buying some of Shell North Sea assets ($3.6bn approx.) Both transactions take a different approach to the decommissioning financing – and illustra ...

Petromall Insights


Posted 2 years agoOpinion > North SeaDecommissioningFinancial Impact

Good management is the best way to cut decommissioning costs

Everyone is aware of the spiralling estimates of how much decommissioning will cost – perhaps the best way to solve it can be simply expressed as ‘good management', says Graham Scotton As we keep hearing, the estimates of the costs of decommissioning the North Sea oil and gas infrastructure keep go ...

Petromall Insights


Posted 2 years agoOpinion > DecommissioningNorth Sea

The World is Warming and Quickly

Greg Coleman writes: It is clear from the latest update from NASA that 2016 was the warmest year in centuries. Many argue whether it is due to people or natural but the rise is clear. We need to do something about this or the inevitable consequences of rising sea levels, storms infringing on coas ...

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Posted 2 years agoOpinion > Climate ChangesSatellite Data