Driving Innovation, Delivering Value

Many strategies that fall under the umbrella of ESG (environmental, social and governance) are simply good business practices.

In the aftermath of the pandemic, operators worldwide see a clear advantage in deploying Wellbore Shielding® technology to overcome both wellbore instability and supply chain issues.

Impact will continue to provide assistance to groups supporting the work of frontline healthcare professionals and assisting disaster-stricken communities, as we have since the beginning of last year.

Having 20/20 vision would be excellent during this year of uncertainty. In the absence of that, we will continue to focus on the four Cs to prepare our team members and our organization for whatever the future may bring.

Oil and gas is a famously cyclical sector. The price of production is influenced by market dynamics and geopolitical currents, which in turn shape the operator and service business environment. 

Drawing on my experiences in roles across organizational levels, I have found these strategies to be among the most critical.

Millenials bring a new perspective to the workplace. Their familiarity with technology and a different viewpoint can contribute to the creativity within an organization. This younger generation is well connected through social networks—platforms that companies are using to promote their value propositions.

Pursuing international business is not for every small company. However, small companies that are successful in establishing an international presence may be able to better withstand shifts in the marketplace, and may very well increase their value when compared to similar businesses that only operate in a single geography.

Creating value in the upstream oil and gas business in this constantly price-driven market can be difficult. Every operator and service provider should pay attention to project planning.