Today, we have predictions on the future price of oil, dive deep into Subpart H, and talk about other things. If you want insight into what the future of the industry holds with regards to the price of oil, then this is an episode you can’t miss. 
Show notes are available at https://www.adleyservices.com/blog/

AOG3- Price of Oil Predictions, Subpart H, and more

PSM audit has you worried? If so, then this is the episode for you.

From EIA.gov:
“The U.S. Energy Information Administration (EIA) collects, analyzes, and disseminates independent and impartial energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment.”
Special thanks to our show sponsor API Controls Systems.

AOG30- How to Survive PSM Audits and EIA.gov

Our clients love their Lonergan valves but until recently, they would have to retire them when they needed parts. In solving this problem, we came across ARI-REYCO, which can possibly be used to replace parts in Lonergan valves. Today, we discuss this and more.
At Adley, we have a saying that if you are explaining something, you need to do it so a 12 year-old can understand. But what does that mean? We invited Bobby Couvillion and Michael “Foot” Wilson to come to the Adley offices and educate us. However, we thought it would be interesting to have an actual 12 year-old sit in so that we could see how they understand the information.
We invited or resident 12 year-old, Ben, to sit in on the podcast and tell us what his impressions of the valve presentation were.
We would like to thank Mr. Couvillion and Mr. Wilson for a wonderful educational seminar. As you will hear, there information was not only very useful, but presented so clear that even a 12 year-old could understand.
https://www.ari-armaturen.com/
http://www.regionalvalvecorp.com/

AOG29- Susan and Ben talk Lonergan, ARI-Reyco, and more

Susan is live at Blue Sky University!

Adley Services conducted live interviews at the Blue Sky University (BSU) in Stafford, TX on April 19, 2019.  Blue Sky brings together technology leaders in the pipeline industry to discuss what is next for the industry.  Susan spoke with Rene Ramirez, CEO of Blue Sky Evolution, about the event and industry changes.  She also talked with two Blue Sky technology vendors, Joey Lafranca of Leica Geosystems and Ryan Cicatello of Advanced Geodetic Systems.  BSE Software Developers, Gary Whitcher and Jose Cordova, discussed their role in technology changes.  And Blue Sky user, Ricardo Layton of UniversalPegasus International, shared his thoughts on the impact of collaboration on technology.  Find out more about BSU and about upcoming events at www.bsupipeline.com.
 
 
#bluesky

AOG28- Blue Sky University Live with Susan Frizzell

AOG27- AIChE Conference and PHA Optimization
Join us today as Susan talks about her visit to the 2019 AIChE Conference in New Orleans. Also, we discuss PHA optimization. See you at the Blue Sky Conference.
AIChE’s website can be found at:
https://www.aiche.org/
Information on AIChE’s 2020 global conference can be found at:
https://www.aiche.org/conferences/aiche-spring-meeting-and-global-congress-on-process-safety/2020
An abstract of Susan’s paper for the conference can be found below:
PROCESS HAZARD ANALYSIS (PHA) PREPARATION:
A ROLE BASED OPTIMIZATION
Susan S. Frizzell, PE
Adley Services, LLC
Lafayette, LA
Biography:
Susan Frizzell, PE is the President of Adley Services. Shortly after high school, Susan began
her career alongside her father on a drilling rig. Upon graduating from the University of
Louisiana with a BS in Mechanical Engineering, she obtained her MBA and began working for
a firm performing engineering and process safety reviews on refineries and other land facilities
in the New Orleans area. After Susan relocated to Lafayette, LA, she began engineering
offshore facilities, complimented with process hazard analysis facilitation. During her almost
20-year career, she has worked upstream, midstream, downstream, and all points in between.
She is a licensed professional engineer and an executive member of various organizations.
Abstract
A PHA meeting consumes large resources and can place a strain on departmental
manpower. Teams are often faced with the want to be more efficient in PHA conflicting with the
need to be thorough and accurate. The key to solving this paradox is efficient preparation. By
examining the lessons learned from past PHA’s, a role by role analysis of best practices with
regards to preparation will allow a PHA team to reduce the costly time spent in the meeting and
yet still stay true to the methods and deliver a great, safe result.
When it comes to an optimal PHA, preparation is everything. For example, in a 6-member
team PHA, 60 minutes of misused time equates to 6 hours of misused manhours. Whether it is
managerial, operations, engineering, or even facilitation, there are lessons learned from previous
PHA’s that when shared, will not only make the PHA more efficient and the facility safer, but the
industry as whole better. The goal being that those reading this be able to take back to their
facility these practical preparation tips to share with their present and future PHA team members
so that the resources of the facility can be better spent.

AOG27- AIChE Conference and PHA Optimization

Price of oil revisited.

Today, we look back at our predictions of the price of oil in 2017, episode 3. We also discuss the annual report of major operators. Finally, we take a look at the energy outlook for the future, 2040 and beyond. This episode is dry to listen to because it contains a lot of numbers and data but is very informative and insightful. Below are show notes mentioned in the episode:
 
https://chevroncorp.gcs-web.com/static-files/a99aabf1-e9cf-46e3-853f-f3eb8e4434b0
Mike Wirth: As I said, there are seven and a half billion people on the planet. A billion of those people don’t have electricity today. Hard to believe, but it’s true.  Nearly three billion of those people still use biomass or animal dung for indoor heating and cooking.  By 2040, there will be nine billion people on the planet.  The one and a half billion that are added are generally going to be in developing countries. There is a need for more energy around the world of all types, and there’s room for all types. We have core competencies in investing in the business that we know. We also invest in renewables. We’ve invested in wind, in solar, in biofuels and intend to continue to learn in those areas. But just as Jay said, deep-water has got to compete with other things within our portfolio for investment, as do renewables.
….
Mike Wirth: There’s a bit of a hypothetical construct there, Paul, and in a lower-price environment for a short period of time, I don’t think much changes. We’ve laid out the material we’ve provided today assuming a $60 flat world, which is in-line with most things I’ve read that are written by people that cover our industry and what we believe is in the ballpark of what people would expect. If we were to move into a lower range than that we thought was sustainable, I think you would  see some adjustments [to our capital program] because we have the flexibility to make adjustments, but we see still have a lot of investments that are economic at $50 or at $45 or at $40. And so, it wouldn’t be a dramatic shutdown of spending because we still have good returns in the best of our portfolio at those prices.  The intent here really is to lay out a ratable plan not to be swung by the price cycle, which is hard to predict in our industry other than you know we’re going to see higher prices than today and also lower prices than today. I’ll touch on the balance sheet and share repurchases and then see if Pat wants to add anything.  We tried to be very clear that as we’ve resumed the share repurchase program, we don’t intend to swing that with the price cycle, and we intend to see it through in any reasonable price environment whether it’s a higher or a lower price environment that we’re in today.
Pat Yarrington (Vice President and Chief Financial Officer, Chevron Corporation): I don’t think I have much to add. When we restarted the program, we took a look at a number of pricing scenarios and tried to peg a rate of annual repurchases that we felt could be sustained over a long period of time. And certainly, having balance sheet strength allows us to have comfort in that through, any reasonable price environment.
 
Paul Sankey: Yes, that’s reasonable. I think the $60, everyone expects it, so it’s probably not going to happen, and the risk may well be to the downside.  What you seem to be saying is that to keep doing the buyback through the downturn, the obvious conclusion is that you’re going to flex the balance sheet.
 
https://reports.shell.com/annual-report/2017/strategic-report.php
 
https://www.bp.

AOG3- Price of Oil Predictions, Subpart H, and more

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