Cash. The most basic success metric for any kind of business. Stakeholders often focus on profits to measure success, but for recession-tempered oil and gas service companies, cash flow is king. In volatile commodity markets, effective survival strategies are built...
Remember CD-ROMs? How about installation procedures that should have started with, “Do you have 6 hours for this?”, and frequent new versions that produced compatibility nightmares. Thankfully, technology is always moving toward efficiencies. At the personal consumer...
Managing the labour force of a boom-and-bust industry is challenging by nature, but critical for maintaining profitability. Capitalizing on the opportunity of increased demand requires finding large numbers of qualified workers in a tight labour market. Shortages can...
Image courtesy of F&T Water Solutions The trade off The newest, most efficient methods of oil and gas extraction require more water than conventional drilling. Fracking for oil and shale gas, along with SAGD to recover bitumen, have allowed operators to access...
Artificial intelligence has found its way into daily life. From Siri and Google Maps, to smart home virtual assistants and cars that parallel-park themselves, AI is available to consumers who want help doing hard things, faster. Considering the popularity and...
Exciting changes are happening as upstream companies make the transition from manual processes to digitization and automation. Let’s take a look at some of the most recent tech innovations as well as what’s next for the industry. Nabors Nabors RigWatchⓇNavigatorTM...
As exploration and production steadily increase, operators are challenged to realize profits in the new normal of lower oil prices. Ensign President and COO Bob Geddes believes that surviving the new normal requires differentiation: “You’re going to need to be more...
After two consecutive years of significant decline (34 percent in 2015; 39 percent in 2016), the global directional drilling services market increased in value to $9.6 billion in 2017. While a resurgence in general upstream activity can be attributed to the overall...
Workflow seems one of those informal terms that should be pretty self explanatory - like timeshare or throwback. But actually, workflow is an formal management term with its own definition in the Oxford English Dictionary: workflow /ˈwəːkfləʊ noun 1. The sequence of...
For pipeline construction companies, profitable heavy equipment utilization is a crucial component of a healthy financial balance sheet. If equipment could be perpetually utilized on projects, retaining a large fleet would be a no-brainer: billable equipment hours...
Cash. The most basic success metric for any kind of business. Stakeholders often focus on profits to measure success, but for recession-tempered oil and gas service companies, cash flow is king. In volatile commodity markets, effective survival strategies are built...
Remember CD-ROMs? How about installation procedures that should have started with, “Do you have 6 hours for this?”, and frequent new versions that produced compatibility nightmares. Thankfully, technology is always moving toward efficiencies. At the personal consumer...
Managing the labour force of a boom-and-bust industry is challenging by nature, but critical for maintaining profitability. Capitalizing on the opportunity of increased demand requires finding large numbers of qualified workers in a tight labour market. Shortages can...
Image courtesy of F&T Water Solutions The trade off The newest, most efficient methods of oil and gas extraction require more water than conventional drilling. Fracking for oil and shale gas, along with SAGD to recover bitumen, have allowed operators to access...
Artificial intelligence has found its way into daily life. From Siri and Google Maps, to smart home virtual assistants and cars that parallel-park themselves, AI is available to consumers who want help doing hard things, faster. Considering the popularity and...
Exciting changes are happening as upstream companies make the transition from manual processes to digitization and automation. Let’s take a look at some of the most recent tech innovations as well as what’s next for the industry. Nabors Nabors RigWatchⓇNavigatorTM...
As exploration and production steadily increase, operators are challenged to realize profits in the new normal of lower oil prices. Ensign President and COO Bob Geddes believes that surviving the new normal requires differentiation: “You’re going to need to be more...
After two consecutive years of significant decline (34 percent in 2015; 39 percent in 2016), the global directional drilling services market increased in value to $9.6 billion in 2017. While a resurgence in general upstream activity can be attributed to the overall...
Workflow seems one of those informal terms that should be pretty self explanatory - like timeshare or throwback. But actually, workflow is an formal management term with its own definition in the Oxford English Dictionary: workflow /ˈwəːkfləʊ noun 1. The sequence of...
For pipeline construction companies, profitable heavy equipment utilization is a crucial component of a healthy financial balance sheet. If equipment could be perpetually utilized on projects, retaining a large fleet would be a no-brainer: billable equipment hours...
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