Oil and gas companies should be thinking about how they will get workers back if or when improved market conditions demand hiring.
It is even more important to pick out particular aspects of companies that offer resilience in such a volatile oil price environment, according to Aspen’s Michael Toppi.
A new report estimates that fugitive and vented losses from oil and natural gas operations on federal and tribal lands amounted to over 65 billion cubic feet (Bcf) of natural gas in 2013, representing over 1 million metric tons of harmful methane pollution.
The International Maritime Bureau (IMB) said in April that 54 incidents of armed robbery and piracy against ships were reported between January and March 2015.
The approach of cutting costs while focusing on technology that maintains a competitive edge within oil and gas can be achieved through focusing on certain areas.
As companies take steps needed to survive and thrive, they must also remember that today’s decisions could impact the future.
The U.S. government made a good move in December 2014 when it decided to allow companies to export condensate if it is run through a distillation tower, making it a petroleum product. But it’s time for a bigger game changer.
The biggest issues aren’t what’s in the document, but what isn’t. For all its heft, the biggest lesson in the report is just how little we actually know about these critical risks, writes the Environmental Defense Fund's Mark Brownstein.
The current strategy for reducing emissions of carbon dioxide and other greenhouse gases isn’t nearly enough to prevent potentially devastating changes to the Earth’s climate.
The oil and gas industry has been fortunate lately, surviving hurricane seasons—which run from June 1 through Nov. 30—with few disruptions. But that is no reason to become complacent.
Just as the industry has found uses in the oil patch for technology from the medical and aerospace sectors, a few lessons from a shark could help during these tough times.
Although shared values is in its nascent stage, it is already finding ways into business models. It includes social impacts and societal problems along with sustainability objectives in investment, trade, and business platforms.