Stimulating African E&P Through Attractive Regulatory Frameworks
The obvious place for the Energy industry to benefit from best practice in portfolio management is within the Financial Services industry, where the majority sources of funds come from. So are investors imparting their rigour around portfolio management with, essentially engineering companies, and are we really combining these two distinctly different worlds to unify and accelerate decision making.
Mexico Assembly 2019 – Key Takeaways
Read the key takeawys from the Mexico Assembly 2019
Pablo Tejera Cuesta
Mexican Subsurface is very exciting. There is a lot of history behind the Mexican O&G industry. Mexico is one of the top producers in the world thanks to its shallow water production but the potential of its Deepwater needs to be proven.
Business Innovation Platforms for accelerated, robust decision making
The obvious place for the Energy industry to benefit from best practice in portfolio management is within the Financial Services industry, where the majority sources of funds come from. So are investors imparting their rigour around portfolio management with, essentially engineering companies, and are we really combining these two distinctly different worlds to unify and accelerate decision making.
Siemens – New Technologies
Prior to the market downturn, the offshore E&P industry had been slow to adopt new technology. But deployment accelerated as the inclement market conditions dragged on and producers sought dramatic cuts in their time and costs to first oil, and overall production costs after that.
Siemens – FPSOs
Optimizing the lifecycle performance of floating, production, storage, and offloading (FPSO) vessels is highly contingent on the incorporation of topsides packages that can efficiently and reliably deliver the power to exploit resources in a range of water depths and operating conditions. At the same time, offshore operators must be cognizant of the need to reduce emissions and minimise the weight and footprint of topsides modules, the latter of which can substantially impact facility development costs.
Siemens – Eliminate Downtime
We’re seeing a lot more interest in DLE (dry low emissions) technology for combustors. We haven’t had a lot of projects that have gone forward with DLE, but we’re getting a lot more questions in the early phase of projects that, I think point to customers moving towards DLE. What DLE – dry low emissions – does is allows you to reduce you NOx and your CO emission levels without using water. So you can basically swap out the existing turbines today, reduce your emissions by 90% with that DLE technology and still get good, reliable performance.
Siemens – Digitalization
A common buzz-phase – digital transformation – is actually a bit misleading. It’s misleading because, when something transforms, you end up with something drastically different from what you started out with. You imagine a new version replacing the old version. And, frankly, let’s say you’re a control engineer or plant manager, that’s a bit overwhelming when taking into account everything already on your plate.
Siemens – Artificial Intelligence
Artificial intelligence is now being applied in oil and gas operations, and it added value in an E&P pilot program with 30 electrical submersible pumps. Read more here. A major goal is to reduce production costs to approximately $10 bbl or less – helping to ensure profitability in virtually every operators are adopting manufacturing models supported by greater electrification, automation and digitalizating.
Amy Miller – Thought Leader
In the energy industry, amongst others, it is impossible to argue that women don’t have to reach higher and work harder to gain entry to leadership roles. But I would argue that it is not in the way that you think.
Newswire: Clean Energy in Latin America – March 2019
The top headlines from March 2019 from the Latin America Clean Energy sector
A Primer on Offshore Upstream Development Finance in the US
Most banks operating in the upstream energy sector in the US have a portfolio of RBL borrowers and are generally comfortable financing within the confines of a typical RBL structure. However, a typical RBL financing in the US cannot be instated unless a company is already producing.