The Role of ERP in Ensuring Compliance and Risk Management in Oil and Gas
The Role of ERP in Ensuring Compliance and Risk Management in Oil and Gas The Deepwater Horizon disaster in 2010 in the United States serves as a stark reminder of the catastrophic consequences that can arise when risks aren't effectively managed in the oil and gas industry. Lives were lost, the environment suffered irreparable damage, [...]
Understanding the Challenges of Data Entry with ZAHARA’s Precision Approach
Running a business today means dealing with a ton of information. This data is extremely important – it helps you make the right decisions and keep things running smoothly. But doing data entry by hand or any other inefficient method can be a nightmare. It's slow, and it's easy to make mistakes. That's where ZAHARA [...]
Saudi Aramco IPO is a Go, Expected to Be Largest in History
The much-anticipated Saudi Aramco IPO will soon go forward, officials announced 3 November. The introduction to public markets is expected to take place next month in Saudi Arabia’s domestic stock exchange, the Tadawul in Riyadh, where it could become the largest share sell ever. In a prospectus issued on 9 November, Aramco said it [...]
Repsol Becomes First Oil Company To Aim For Net-Zero Emissions By 2050
Spanish oil and gas company Repsol said this week that it is taking the industry’s most aggressive stance on climate change by targeting net-zero carbon emissions over the next 30 years. The decision was made by the company’s board of directors who seek to bring Repsol’s operations in line with the goals of the Paris [...]
Britain Imposes Moratorium on Hydraulic Fracturing
The British government will no longer allow hydraulic fracturing after the UK Oil and Gas Authority (OGA) published a report that concluded that predicting possible tremors resulting from the practice is not possible with current technology. The government said proposals to change the planning process for fracturing work sites will no longer be considered, and [...]
R&D Remains Critical Despite a Down Market
Despite the down market of the past several years, technology research and development (R&D) remains critical to the future of the oil and gas industry, said researcher Erika Biediger of ExxonMobil in a presentation to the SPE Gulf Coast Section R&D study group in Houston. Some important technology advances have emerged in past down markets, [...]