Oil and Gas Sector to Refine the Road to Cyber Resilience

Today, oil and gas companies are facing a new and important challenge as they balance the drive for operational efficiency against an emerging risk of cyber attacks. In the face of reduced oil prices, fluctuating demand across a global stage and increased geographical diversity in production, the companies that can flex production with the greatest agility and efficiency will prevail.
 
At the heart of every oil and gas company are industrial control systems (ICS) and other operational technologies (OT) designed to efficiently, reliably, and safely process the extraction, refinement, and distribution of large quantities of fuel needed to keep global economies moving. Initially, OT systems were seen as immune to cyber security threats due to their separation from corporate IT.
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Oil Prices – How Did We Get Here and Where Are We Going? – Part Two

How Did We Get Here?

In part one of this article, we discussed how a better understanding of price dynamics can lead to a better understanding of the forces acting on both the short-term and long-term oil price. We continue this discussion to summarize how this understanding provided us an insight that prices were likely to drop, as well as, how our current understanding of price dynamics impacts our expectations for future prices.
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Where the Falling Prices Affect Jobs


At the time of authoring this article, WTI for December 2015 last traded at $52.89 which is – $0.76 from prior settle. Should the futures hold, we are not expecting to rise above $50.00 until September. Along with this, according to a study by Oil & Gas Journal, currently planned capital expenditures for US producers is expected to drop 17% to $571 billion with an expected West Texas intermediate price of $70.00/bbl. However, the timeline to maintain or achieve a return to that pricing differs from company to company and leadership in many organizations may continue to recalculate additional expenditure cuts until pricing stabilization or sustained return to the WTI price which budgets were originally based against. [Read more…]

Oil Prices: How did we get here and where are we going? – Part One


“It’s difficult to make predictions, especially about the future”

     

  • Attributed to everyone from Niels Bohr to Yogi Berra

 
A barrel of oil today fetches less than $50, when only six months ago oil traded at over $100. How could such a drop in prices not have been anticipated? Actually, it was!
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Beyond Commodity Prices – The Story on Midstream Oil & Gas Opportunities in 2015


The latest news covering the oil and gas market for 2015 focuses almost entirely on the detrimental effects of low prices on exploration and production, making it easy to miss the bigger picture. Just as the fluctuations of the stock market do not reflect the entire state of the US economy, commodity oil and natural gas prices do not tell the whole story of our industry. Even in the face of a 50% drop in the price of a barrel of oil, and a reduction in natural gas prices, opportunities still abound for investment, especially in the midstream segment.
 
Since 2007, previously non-productive shale reserves have come online to unlock a wealth of new oil and gas supplies. However, the resulting surge of shale-related production revealed deficiencies in both the quantity and condition of our existing infrastructure used to bring these products to market.
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