PESA’s Emerging Leaders Committee held one of their signature events, Oil & Gas 101, in September sponsored by GE Oil & Gas. Oil & Gas 101 is a shared-knowledge platform where industry experts provide a comprehensive technical overview of the oil and gas industry, including existing and emerging technologies. Seminar attendees have called the course “appropriate for those new to the industry as well as individuals with some experience,” “very well organized with excellent speakers and a wide variety of topics,” and “the best Oil & Gas seminar I have ever attended.”
PESA Advisory Board Member Chuck Chauviere, President of Drilling Systems, GE Oil & Gas, kicked off the two-day seminar conveying that although there are always going to be ups and downs in the oil and gas industry, we all need to keep the moral purpose in our work at the forefront: “There is value created in the energy space that drives quality of living, that drives education and drives value propositions that are good for not only each and every one of us, but for the industry as a whole.”
The event’s keynote speaker, Praveen Narra, CFA, Research Analyst at Raymond James & Associates Inc., opened his address by saying that he is optimistic about the future. “We’ve seen a tremendous downturn, it’s been a generational downturn, and we think we are at the tail end of that.”
Narra’s forecast calls for US production to continue growing because efficiency gains will sustain as we continue to position more technology in the oilfield. He stated once activity starts to rebound, everything else will in conjunction have to rebound as well. “Hiring will have to occur, wages will have to increase, and we will have to start manufacturing equipment that hasn’t been maintained over the past several years because the service companies haven’t had the capital to put back into their own equipment,” Narra said. In Narra’s view, investing will be key in order to meet growing demand.
PESA Board Members and Committee Chairmen also lent their insights during this event.
PESA International Outposts Committee Chairman Mitch Williams, Global Strategic Sales Executive – Drilling Systems, GE Oil & Gas, spoke about changes occurring commercially in the oilfield, the value of partnerships, and how features and benefits are not as significant as the outcome. “We are trying to change the way we market ourselves, we want to tie our long-term benefit to our customers.”
PESA Board Member Bob Moran, Vice President Government & External Affairs, Halliburton, spoke to the importance of active engagement and participation relative to politics and energy policy. “Each of us plays a critical role in the political process,” he said. “If we don’t raise our voice, if we don’t speak out, if we don’t share our message, somebody else is talking on our behalf.”
The following companies contributed subject matter experts for the Oil & Gas 101 training:
Praveen Narra, Research Analyst, Raymond James & Associates – Energy Markets
Steve Jacobs, Sr. Vice President-Oil & Gas, Sinclair Group – History of the Industry and Emerging Technology
James Geary, Exploration Team Lead, Cobalt International Energy Inc. – Geology and Seismic
Karl Appleton, Vice President of Marketing, National Oilwell Varco (NOV) – Rig Systems and Drilling the Well
Chris Elliott, North America Land Applications Engineer, Baker Hughes – Completions and Flow Equipment
Mitch Williams, Global Strategic Sales Executive, Drilling Systems, GE Oil & Gas – GE Partnership for Advanced Performance
Shane Corliss, Technical Manager, Systems Engineering, FMC Technologies – Subsea Drilling and Production
Teoman Altinkopru, Vice President, Well Intervention Marketing and Technology, Schlumberger – Well Intervention and Well End-of-Life
Chris Doss, Project Engineer, Wood Group, Mustang – Refining
Brad Wise, Vice President, Business Development & Marketing, DistributionNOW – Supply Chain
Robert Moran, Vice President, Government & External Affairs, Halliburton – Policy Watch
Beth Lemmons, North America General Manager for Digital Solutions, GE Oil & Gas – The Future of the Industry: Digitizing the Energy Mix
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