Tag Archives: PennEnergy

Preparing for The Big Crew Change

The Big Crew Change has been a topic of conversation for…a while.  As the energy sector’s workforce gets closer to retirement, the discussion centers around ramping up recruiting efforts to enhance the workforce.  What about all the information and experience that is the current workforce’s legacy?  How do we pass that on to the incoming workforce?

PennEnergy suggests that site licenses from well-known industry publications may be a solution.  The Oil & Gas Journal is one such publication.  It has extensive history, horizontal content, accessible archives, and wide readership. (Bonus: I know a lot about this one because I work with their site license program.)

The Oil & Gas Journal’s first issue was released in 1902, and it has remained a leader in the industry.

Oil & Gas Journal presents news and technical articles and statistics about a specific, vitally important business to professional workers in that business.  It selects articles and facts within articles carefully in service to one standard: usefulness to the target audience.  It anticipates readers’ questions about the subjects and events it covers and pursues and reports answers, in as much operational detail as possible – Oil & Gas Journal Media Kit 2014

The weekly issues cover the depth and breadth of the oil & gas industry with content that appeals to a broad spectrum of oil & gas professionals across the globe. A Signet Ad Study done by the Oil & Gas Journal in July 2013 confirmed their readers include professionals from the following industries:

  • ProductionOGJ
  • Exploration
  • Drilling
  • Financial/Business
  • Gas Processing
  • Pipeline/Transportation
  • Refining
  • Petrochemical

For all of its extensive history, OGJ has adapted with the times.  Oil & Gas Journal is published 4-5 times monthly, and each issue is an interactive, online magazines delivered via email.  However, they haven’t abandoned the rich tradition of the print publication.  Each month there is a print magazine released, in addition to the digital edition,that is, on average, around 140 pages.  However the reader prefers to read their industry news, OGJ is ready to provide.  They even have mobile apps available.

As the current workforce gets closer to retirement, preserving and passing on that information and experience is vital, because while much about the oil & gas industry improves and changes, there is much that stays the same as well.  More than 100 years of covering the oil & gas industry’s news in technology, policy, and comprehensive statistical information, OGJ offers a legacy of rich information the incoming work force will need during this Big Crew Change.

A benefit of the site license program is that it offers their wealth of knowledge through easily accessible archives.  As of today, the magazine has digitized the content back to 1990.  Okay, so let’s do a little math (don’t worry, I used a calculator).  That’s 24 years of issues that are archived and available at the end of 2014.  That would be 1,248 issues of the Oil & Gas Journal are at the fingertips of every site license client.  All the technical information, statistics, surveys, and special reports are right there.

The special reports and features are chosen with great thought each quarter to ensure they are applicable to what is happening right now in the industry.  Some of those features include the Worldwide Refinery Survey, Worldwide Construction Projects, and US Pipeline Economics Study.  Industry experts and editors of the Oil & Gas Journal have contributed to PennEnergy Research’s webinar content.  Sr. Pipeline Editor Christ Smith spoke at a webinar with PennEnergy Research in September and Daniel Johnston who compiles the Complexity Analysis that goes with the refinery survey will be contributing to a webinar on January 28th.

Each site license client’s site license is customized to their needs, and can even include statistical tables and research from PennEnergy Research in addition to the content from the Oil & Gas Journal.  With a current client list of 42 companies including majors, super-majors, and national oil companies, the site license program has become a go-to resource for industry leaders.

Don’t just take my word for it, the Oil & Gas Journal is recognized by B-to-B Magazine as one of the Media Power 50.

Oil & Gas Journal assumes a leadership role within the oil and gas publishing arena through dominance in digital advancement.  It is with great confidence that the OGJ brand continually excels at extending media vehicles not only for readers, but also for advertisers to reach and target global audiences.

For this reason, OGJ received recognition in B-to-B Magazine as one of the Media Power 50 in May 2013.  OGJ is also the only publication within the oil and gas industry to gas such accreditation in 2013. – Oil & gas Journal Media Kit 2014

How does your company plan to handle the Big Crew Change?  Where do you get your industry information?

‘Til next time,

Jessica

 

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Big Data = Big Opportunity, But What A Pain in the…Processor

 

 

In the oil & gas Industry there’s a lot of change and growth happening. As more and more systems become automated and integrated, regulations change, and the market and competitive environment shift, information and knowledge become increasingly more important. Managing that influx of data becomes essential.  Whether this is used in the search for natural resources, understanding the global market, or managing safety and environmental risks, data is essential to make these business decisions.    In this white paper, Drilling for New Business Value, managing Big Data is the topic for discussion.

 

As the oil and gas industry continues to grow in complexity with changes in regulations, tighter margins, and possible infrastructure threats, executives need an easy way to view the increasing volumes of available data, make smarter, faster decisions, and create action plans in real-time. Leading oil and gas companies are recognizing that Big Data and Business Intelligence is not just the domain of “back office” analysts, but it is paramount to optimizing day-to-day operations across a broad spectrum of field workers, engineering, management, and sales and marketing roles. Read more here.

 

When I read the white paper, I was floored by the sheer volume of data out there.  I had to take a moment to try to wrap my head around the number of zeros this would entail.  The paper cites industry analysts IDC,

 

“the digital universe now includes 2.7 zettabytes of data. (A zettabyte equals almost 1.1 trillion gigabytes.)” Vesset, Dan and Benjamin S. Woo. “Worldwide Big Data Technology and Services 2012-2015 Forecast.” IDC. March 2012.

 

Okay, so I knew there was a lot of digital information floating around out there, but until today, a zettabyte was a term I had never heard of.  My company alone has 80+ websites and portals…I can’t even consider all of the social media universe.  Seriously, Tumblr alone with all the GIFs and pictures?  YouTube?  My puny brain is sparking with size of these numbers.  (How many zeros is in a trillion again?)  I kind of feel like the CD someone put in the microwave, just to see what would happen…Zettabytes? Yottabytes?

 

‘Til next time,

 

Jessica

 

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Statistics are Actually Kind of Cool…I’m Not Kidding!

Earlier this year I attended the EIA Conference in Washington, DC, and luckily for me I walked away from the trip with more than just a new found appreciation for the beauty of the capital of the United States.  This was my first EIA Conference, and it was chock full of wildly useful information.  Our keynote speaker at lunch was Hans Rosling, a professor at Karolinska Institute and Chairman of the Gapminder Foundation.  Although Professor Rosling isn’t an energy expert, his discussion and presentation were particularly interesting, because he discussed population growth and the importance of access to energy for developing countries among other topics.  He actually talks about the importance of creating a fact based worldview at Gapmider.  It is no longer just developed and developing countries…the facts show us another story.

 

I wish I could link you to his presentation as a keynote at the EIA Conference (It really was great.  There were animated bouncing circle graphs and everything.), but unfortunately that is unavailable (and I was too busy eating the surprisingly good lunch to really take good notes on the statistics he presented).   He is an incredibly entertaining, informative, and enthusiastic speaker.  However poor my notes are on his statistics (and they are practically non-existent), I was astounded at the impact access to energy and simple electricity truly has on the development of a country.  The challenge with this access comes from a great variety of sources, but infrastructure plays a large role.  Hans Rosling’s discussion came to mind as I was reading this white paper today.

Technology Trends and Tomorrow’s Energy Infrastructure Challenge

The latest studies show massive increases coming for the world’s population, and with that increase will come growing demand for hydrocarbons. The infrastructure to meet that demand is lacking, and it will take a massive investment over multiple generations to provide it. Meeting this challenge is already a monumental undertaking. Factor in skills shortages, environmental difficulties, increasing project size, and financial concerns, and the challenge can seem insurmountable. AutoDesk is thinking about these challenges. In Technology Trends and Tomorrow’s Energy Infrastructure Challenge, AutoDesk and PennEnergy look at these massive infrastructure needs and consider the technological advances that will help us meet and overcome them. This white paper examines real data from the OECD and the IEA, and looks at the possible scenarios it paints for the future. Then, using the latest technology trends, the paper confronts these challenges. From possible scenarios to probable results, this paper looks at the future needs for oil and gas infrastructure, and how we can best meet that challenge.

Now, I couldn’t find a video of a similar talk, by Hans Rosling, but Gapmider does a really cool thing, they offer the statistics (including the lovely dancing circles) to view for free.   So what is Gapminder exactly?

Gapminder is a non-profit foundation based in Stockholm. Our goal is to replace devastating myths with a fact-based worldview. Our method is to make data easy to understand. We are dedicated to innovate and spread new methods to make global development understandable, free of charge, without advertising. Gapminder.org

I hunted down a couple (or a few, I may have gotten fascinated by the bouncing circles) statistics that provide a correlation between the decrease in infant mortality rate and the increase in energy use.   I believe many of these are the same as the ones Mr. Rosling used in the presentation I saw.  However, I don’t have Sherlock Holmes’s mind palace and this was four months ago.  Hopefully, he’ll forgive me if I missed something or added something.  The graphs that I found to provide fascinating insight into this topic are listed and linked to below.  They have this data available in Excel format as well, but….well, I like the dancing circles more than numbers.

Energy use, total

Electricity use, total

Oil consumption, total

Child mortality (0-5 year olds dying per 1,000 born)

Children per woman (total fertility)

Life expectancy (years)

This Ted Talk from 2009 doesn’t cover the energy issue, but I found it really interesting.  Actually, all of his talks are pretty stinking riveting.  This guy makes statistics fun…those are words I never thought I would ever utter in my lifetime.  Thank goodness I’m sitting down.  I especially liked the surprise trick at the end. (No, I can’t tell you what it is…it wouldn’t be a surprise otherwise!)

‘Til next time,

Jessica

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