When, in December 2015, then-President Barack Obama affixed his signature to one of the many omnibus spending bills that congress has sent to various presidents over the last 15 years or so, few could have predicted the massive paradigm shift the act would have on America’s oil and natural...
There are 4,023,360 kilometers laid in the United States. Nearly 25,000 kilometers are planned in the Middle East. The world’s longest stretches for around 10,000 kilometers over China and Central Asia. We’re talking about pipelines, and in total, there are enough to wrap around the equator more than eight...
Texas temperatures have normalized, and power has been restored, but the question remains how can future blackouts be prevented? Additionally, what can the rest of the country learn from the blackouts in both Texas and California?
There are several lessons we can learn from these blackouts, which happened just seven...
Energy trading and risk management (ETRM) systems are flexible, powerful tools that often lie at the very core of an upstream, midstream, or downstream oil and gas company’s commercial, logistics, and risk business process. They enable the trade-to-settlement lifecycle and support much of the hydrocarbon value chain. They’re routinely...
A recent article at the Energy Information Administration’s “Today In Energy” site reveals an important but seldom appreciated fact about natural gas: that an electricity generating facility using it can achieve capacity factors of over 70%, which is ordinarily more than twice that of solar and wind.
Additionally, gas-fueled power...
Oilfield Worker Salary: Clarifying the Law
Introduction
The last two years have brought uncertainty to the issue of whether Oilfield Worker Salary paid on a day-rate compensation plan may be properly classified as exempt from overtime under the Fair Labor Standards Act (FLSA).
Exempt vs. Non-Exempt: Overtime Pay for Oilfield Worker Salary
In...
If you do business in the oil and gas industry, you know that lawsuits are inevitable. The uncertainties of drilling success, coupled with volatile markets and prices, often spawn disputes that end up with at least the threat of litigation. While you can’t entirely protect your business from lawsuits,...
In the past decade, Environmental, Social, and Governance (ESG) finance has grown tremendously and is no longer just a passing option for industries looking to redirect capital.
While they might not seem to offer obvious opportunities to the petroleum energy market, ESG programs and products are quickly becoming an expectation...
Aircraft pilot training is extensive and challenging. Gaining ratings on multiple aircraft types, including jets, is a complex process. The lessons and experiences gained by pilots in the cockpit create a distinct mindset that can be adapted by business leaders.
Faced with the need to adapt plans and make quick...
When I was a young Special Forces “Green Beret,” I often wondered what it took to be exceptional in an environment where everyone was deemed great. I’m certain I was not alone in my thinking, and many individuals in today’s workforce may ponder on this very subject in their...
