Powering through the Transition
Navigating the Energy Sector’s Biggest Change since the Discovery of Oil
- 1st Edition - November 28, 2024
- Author: Michael Deighton
- Language: English
- Paperback ISBN:9 7 8 - 0 - 3 2 3 - 9 1 7 5 4 - 4
- eBook ISBN:9 7 8 - 0 - 3 2 3 - 9 9 5 7 2 - 6
The energy transition is underway to low carbon, and energy companies need a guide to navigate through the uncertainties while maintaining an agile workforce. Powering through th… Read more
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Request a sales quoteThe energy transition is underway to low carbon, and energy companies need a guide to navigate through the uncertainties while maintaining an agile workforce. Powering through the Transition: Navigating the Energy Sector’s Biggest Change since the Discovery of Oil delivers key principles to achieve performance excellence for energy managers and engineers, utilizing cutting edge tools and techniques around lean, visual management, scrum, agile and margin improvement methods. Practical and user-friendly, the methods introduced are already showing successful tangible results with super major energy companies backed by the author’s 25-year experience. Strong visual graphics through flow charts and graphical abstracts are included as well as smart deployment methods utilizing digital technology and multiskilling of personnel. Rounding out with a glossary of terms and practical examples, Powering through the Transition gives today’s companies a plan to thrive in low carbon energy markets.
- Change the conversation and introduce a new innovative and visual approach to navigate the uncertainties in the energy industry, working with energy operators to focus on maximizing contract value and improving profitability on the journey to performance excellence
- Understand and establish a ‘Center of Excellence’, providing synergy between business groups supporting the upskilling of the workforce and driving maximum value out of all contracts
- Adapt to low-carbon energy dynamics and learn digital tools that balance benefit and cost
- Visualize development and implementation with flow charts and graphical abstracts
Petroleum engineer, service provider, operations manager, maintenance manager, consultant, petroleum engineering professors
- Powering Through the Transition
- Cover image
- Title page
- Table of Contents
- Copyright
- Dedication
- Preface
- Acknowledgments
- Chapter One Introduction
- Abstract
- Keywords
- Transformation
- Proven reserves
- 1.5°C
- Is 2° enough…?
- Tipping points
- The energy transition
- Implementing measures
- References
- Chapter Two Reinvention—From oil giants to pioneers of sustainable energy
- Abstract
- Keywords
- Beyond fossil fuels
- Mounting pressures
- Reinvention and rebrand
- Renewable energy and low-carbon technologies
- CCS: A crucial pillar of the energy transition
- The rise of hydrogen
- TotalEnergies: A case study on reinventing for the energy transition
- New relationships
- Enter the new players
- Preparing for the change journey
- A new age of leadership
- Collaboration and strong partnerships
- Operational efficiency
- Data-driven decision-making
- Energy transition workforce
- Center of excellence (CoE)
- Project delivery assurance
- Reinvention
- References
- Chapter Three Collaborative contracting
- Abstract
- Keywords
- Beyond traditional limits
- Contracting approaches
- Lump sum or fixed-price contract
- Unit rate contract
- Cost reimbursable contract
- Engineering, Procurement, and Construction (EPC) contract
- EPCm contract
- Project Management Contract (PMC)
- Changing the conversation—Collaborative contracting
- Elements of collaborative contracting
- Consequences of doing nothing
- “One team”
- Shading
- References
- Chapter Four Embracing digital: A strategic imperative
- Abstract
- Keywords
- The new age of digital
- Digital maturity
- What is digital maturity?
- Embracing digitalization
- Digital engineering
- Digital twins
- Engineering collaboration
- The future of engineering?
- The digital thread
- AI and ML
- Case study: ADNOC Partner to accelerate AI solutions
- Example: AI-driven trouble shooting
- Digital transformation for energy transition
- Example: Transforming the customer experience
- How “digital” is your organization?
- Initiator
- Explorer
- Adopter
- Strategist
- Innovator
- Digital citizen: Cultivating a culture of collaboration and innovation
- Digital transformation roadmap
- Accepting that digital transformation is an imperative
- Assess your organization’s digital maturity
- Infrastructure and data management overhaul
- Cultivating a digital-focused organizational culture
- Becoming data-driven
- References
- Chapter Five Charting the future: The role of data-driven organization
- Abstract
- Keywords
- Introduction
- What does “data-driven” mean exactly?
- Data collection
- Data analysis
- Informed decision-making
- Continuous learning
- Cultural emphasis on data
- Ethical considerations
- Why become data-driven?
- The backbone of data-driven companies: Data-driven decision-making
- Mechanics of data-driven decision-making
- The balance between intuition and data
- Developing predictive analytics capabilities
- Implementing advanced data tools and technologies
- Example: Utilizing data-driven decision-making
- How to create a data-driven culture
- Identify barriers within your organization
- Training and development in data skills
- Evolution of a data-driven organization
- Stage 1: Data resistant
- Stage 2: Data aware
- Stage 3: Data initiatives
- Stage 4: Data mature
- Stage 5: Data-driven
- How to transform into a data-driven organization
- The journey starts with the why?
- Continuous improvement and innovation
- Getting the insights
- References
- Chapter Six Center of Excellence
- Abstract
- Keywords
- Introduction
- Center of everything…
- An enabler to drive superior performance
- Innovative thought leader
- Centralization and optimization of resources
- Faster delivery
- Cost optimization
- Quality of services and products
- Case study: Saudi Aramco
- Evolution of CoEs
- CoEs in driving the energy transition
- Strategic enablers in the energy transition
- CoE customization
- Alignment with organizational objectives
- Leadership and governance
- Collaborative ecosystems
- Flexibility and adaptability
- Measuring CoE success
- Continuous improvement within CoEs
- Demonstrating return on investment (ROI)
- Performance measurement tools and metrics for CoEs
- Establishing clear KPIs
- CoE challenges and pitfalls
- Strategic misalignment and lack of direction
- Ambiguity in leadership and governance
- Knowledge silos and limited sharing
- Inadequate performance measurement
- Narrow focus and lack of transformational impact
- Organizational resistance to change
- Constraints on resources
- Lack of comprehensive stakeholder engagement
- How to setup a CoE
- Implementation
- References
- Chapter Seven Delivery Assurance
- Abstract
- Keywords
- Challenges and opportunities in project delivery
- Criticality
- Project criticality approaches
- Project delivery assurance
- Project startup
- An effective startup approach
- Key components of a project startup
- Delivery Assurance reviews
- Cost and staffing level curve
- Risk and uncertainty curve
- Cost of changes curve
- The role of collaborative contracting in Delivery Assurance
- Leveraging digital and data-driven approaches
- Integrating digital tools with a Delivery Assurance Program
- References
- Chapter Eight Challenging the norm
- Abstract
- Keywords
- Introduction
- The continuous improvement imperative
- The Paradigm of Measurement and Management
- The legacy of Peter Drucker
- “What gets measured gets managed”
- Case study: Enel Group’s journey toward operational efficiency and sustainability
- Cultivating a culture of measurement
- Overcoming challenges in implementation
- Are you measuring the right things?
- Turning data into actionable insights
- What are actionable insights?
- “War rooms”: Enhancing operational efficiency
- The evolution of war rooms
- Key tools for war rooms
- Visual management
- Benefits of visual management
- Agile management
- Case study: Implementing “basecamp” in a project services company
- Reflections
- References
- Chapter Nine Workforce transformation
- Abstract
- Keywords
- The digital revolution and workforce transformation
- Investing in workforce development
- Case study: Shell’s digital transformation
- Emerging job roles
- Embracing data-driven organizations
- New skills for the energy transition
- AI and automation
- Advancing sustainability practices
- New job roles
- Prompt engineers
- AI specialists
- Digital and automation engineers
- Low-Code Power App and Power BI developers
- Futurologist
- Data scientists
- Sustainability Officers
- Cybersecurity Analyst
- Impact of new roles on energy companies
- Digital transformation department
- Data analytics and visualization department
- AI and ML Department
- Digital Twin Technology Department
- Innovation Lab and Incubator
- Cybersecurity department
- Sustainability department
- Best practices for workforce transformation
- Renewable energy company: Integration of new job roles
- Best practices
- Embracing leadership for the new energy workforce
- References
- Chapter Ten A new age of leadership
- Abstract
- Keywords
- The changing landscape of leadership
- Outdated traditional methods: The case of a multinational oil and gas conglomerate
- Agile leadership a vital paradigm
- Principles of agile leadership
- 'rsted’s transformation: A case study in agile leadership
- Leadership in the digital age of innovation
- The role of remote and hybrid work
- Remote teams
- Leaders need to embrace digital literacy
- The future of leadership in the energy sector
- Examples of digital and AI-driven leadership strategies
- What does a leader of the future look like?
- References
- Index
- No. of pages: 310
- Language: English
- Edition: 1
- Published: November 28, 2024
- Imprint: Elsevier
- Paperback ISBN: 9780323917544
- eBook ISBN: 9780323995726
MD
Michael Deighton
Michael Deighton, MENG, CENG, MBA, FIMECHE is a Senior Vice President, and Fellow of the Institute of Mechanical Engineers with a wealth of expertise amassed over two decades in the dynamic energy sector, working for the worlds leading international blue chip organizations. His responsibilities include setting operations strategy, delivery of multi-million dollar projects and portfolios, leading the development and implementation of maintenance programs for complex downstream facilities and leading a world class centre of excellence driving innovation and digitization. He has spoken and trained at multiple oil and gas conferences, including ADIPEC, EIC and GASTECH, and elected to the governing body of the latter. He is a Six Sigma Green Belt, earned an MBA for the University of Teesside, a Masters degree in Mechanical Engineering from University of Newcastle in the UK.
Affiliations and expertise
Senior Projects Manager, Kentz, Ltd and Fellow, Institute of Mechanical Engineers, UKRead Powering through the Transition on ScienceDirect