The Mental Toll School shootings impose long-term detrimental effects on the communities where they occur. Mental health suffers, surviving students fail to thrive to their potential, and the overall community endures long-term economic costs. As a country, we are all suffering mentally to some degree. A majority of teens say they...
One of the biggest catastrophes the world faces today is the climate crisis. Weather extremes, rising sea levels, and economic disruption are all effects of climate change on humanity – and that’s just the tip of the iceberg. Although the damage has already been done, the climate emergency is...
The oil and gas industry is not immune to the staggering labor and employment issues caused by the global pandemic. This industry experienced nearly 200,000 job cuts, approximately 20% of the workforce. However, some predict the workforce will rebound to pre-pandemic levels by 2027. Despite this setback, the industry...
The Great Resignation has struck all industries, leaving employers scrambling to try and fill the skill gap. For the oil and gas industry, the skills gap is even wider, because there's also an age gap. The average age of someone working in the oil and gas workforce is 56, and over...
SHALE Magazine was recently granted the privilege of touring Deloitte Consulting’s Greenhouse, located in Houston, Texas. This 14,000-square-foot Greenhouse is a powerhouse of individualized innovative business strategy, and is able to create a bespoke experience for the client, from the Immersion Dome all the way to the guardrails on...
As the conflict in Ukraine rages on, media outlets continue to report Western businesses pulling out of eastern Europe. Undoubtedly, many businesses will seek insurance coverage for losses flowing from the conflict. After all, is this not what insurance is designed to cover? Sudden, unexpected events that cause significant...
Many oil and gas companies have recognized the need for faster and more efficient business processes to compete in a more technology-driven world. Acting as a catalyst in this technological transformation are Environment, Health, and Safety (EHS) and Environmental, Social and Governance (ESG) programs. With a heightened global focus...
Among the readership of this magazine are numerous oil and gas royalty owners. The April filing date for individuals will soon be upon us. In this article, we are going to discuss practical income tax considerations of owning royalty interest in oil and gas. This article will not be...
Three of the world’s biggest oil companies — BP, TotalEnergies and Shell — won acreage in Scotland’s biggest offshore wind power tender in January. This should have pleased their ESG shareholders, who have been pushing for greater climate-related commitments. But let’s pause for a moment. ESG is an abbreviation that’s...
When drafted and implemented properly, arbitration can have significant advantages over litigation. It can be faster, less expensive, and confidential. The process can also offer more flexibility than litigation and be designed to fit the specific needs of the parties and their dispute. It’s no wonder that arbitration has...