Features / Paper Review

Operational Efficiency in The Oil and Gas Sector: An Empirical Approach

Cost efficiency has been at the forefront of the agenda of oil and gas companies since the 2008 oil crash and the subsequent reduction in profit margins. Since then, many firms have opted to cut their manpower to avoid high operational costs and also reduce capital expenditure (Capex). At present, with the COVID-19 pandemic, low oil prices are having an adverse impact on oil companies’ expansion, growth and profit margins. Historically, oil and gas firms that can keep their production costs low have been the winners. Thus, enhancing operational efficiency is of paramount importance and is both a simple yet very effective way of improving cost efficiency throughout the sector.

Artificial Intelligence: Application in The Oil and Gas Sector

In an industry where profit margins are becoming ever slimmer, innovation and technology is becoming in the heart of the oil and gas industry’s attempt to boost efficiency and buoy profits. Artificial intelligence (AI) helps the oil and gas companies in optimizing their production by identifying the areas of inefficiency and providing informed decision making.

Data Integration: An Innovative Way to Map Mineral Resources in Arid Regions

Mineral exploration is the process undertaken by companies, partnerships or corporations to find commercially viable concentrations of minerals through mining. Satellites or reconnaissance aircraft play a significant role in aiding our understanding of mineral mapping due to their capability of detecting hydrothermal alteration minerals and of the sensing surface and subsurface fault zones.

Pore, Fracture Pressure Modeling: Core Method for Wells’ Planning, Execution

Safe drilling is seen as a top priority in the exploration and production (E&P) activities of the oil and gas sector. Thus, having any abnormal formation pressure will directly influence drilling operations. Accordingly, ideal pore pressure and fracture modeling is highly required for wells’ planning and execution.

Turnover Model Analyzes Oil, Gas Workers’ Mindsets

For over 20 years, the national oil companies (NOCs) in the Egyptian oil and gas sector have been suffering from a high turnover rate, notably among experienced engineers. Having such a conundrum has made the Egyptian sector face numerous technical problems. A sample paper entitled Determinations of Engineers Turnover Working for National Oil and Gas Companies in Egypt, written by Abdallah Farahat from Agiba Petroleum Company in 2018, has shed light on this issue.

GDFM: A New Workflow for Brownfield Rejuvenation

Exploration and production (E&P) activities in the oil and gas industry have been witnessing major technological leaps since the early 1990s. These leaps were helped along by the increase in computer processing capacity and speed, and the availability of 3D visualization software. Both factors have allowed for large-scale data analysis, dynamic simulation, nodal analysis, and uncertainties assessments. Moreover, 3D seismic has led to the construction of more detailed geological models. However, after a long time of production, numerous oil fields become brownfields. Accordingly, the classic models applied to study the early-phase production in oil fields would not necessarily be successful in brownfields.

Process Safety Capability Model: An Assessment Tool for Process Safety Performance

The level of maturity differs among organizations. Based on that, mature organizations do things orderly, while immature ones strive to accomplish things in that manner, but do not always succeed. That is why the maturity level of organizations contributes greatly in setting their goals, especially for process safety improvement. Thus, to measure an organization’s ability to achieve its goals, the company relies on Key Performance Indicators (KPIs). KPIs, in essence, assess vital monitoring based on risk control systems, which further affirm a company’s continued effectiveness.

Mergers and Acquisitions in The Energy Sector: An International Direction

In conjunction with the advancements in modern economic systems, international companies have begun to shift to mergers and acquisitions (M&As). In fact, many companies engage in M&As to exterminate non-profit assets and expand their businesses. Therefore, the world witnesses an upward movement of M&A activities, playing a pivotal role in the integration of national economies. However, because many issues may arise from wrong decisions, managers should be aware of all pros and cons that come with the entire M&A package.

East Mediterranean Natural Gas: An Attractive Yard for International Competition

The Eastern Mediterranean region has witnessed many discoveries, affecting not only the region’s countries, but also the main global players such as the European Union (EU), Russia and the US.

Economic, Social Impacts of Phasing-Out Energy Subsidies in Egypt

Energy subsidies are a common component in many low- and middle-income countries, yet its provision contributes to large fiscal deficits, averting resources away from growth-promotion and poverty-reduction expenditure categories. In addition, subsidies provision is expected to create a social bias as the poorest quintiles are the least to benefit from them as well as an economic bias in favor of capital- and energy-intensive industries. Accordingly, many developing countries have initiated energy subsidy reform programs recently, such as Egypt, Jordan, and Sudan.

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