We’re very pleased to be joining our friends KCA at the Houston Energy Breakfast on September 17th, and looking forward to meeting with many of the leading lights in the Oil & Gas industry to discuss the latest insights, developments and perspectives on the current state of the global energy market.
As we were thinking about the theme for this months breakfast – ‘Creating Value along the Value Chain’ – it brought to mind the fascinating book by financial journalist James Surowiecki, ‘The Wisdom of Crowds’.
In it, Mr Surowiecki shows through a variety of examples from all walks of life that large groups of people are smarter than an elite few, no matter how brilliant–better at solving problems, fostering innovation, coming to wise decisions, even predicting the future those experts may be.
During Hess Corporations Q1 earnings call on April 29, 2015, COO Greg Hill noted that “Of the $550 million of initial savings we have identified, about $50 million comes from reduction in activity level, $250 million from what I will call self-help cost reductions … that are across the board and come from more than 1,000 different opportunities identified around the company.”
By any standard, it’s clear that Hess are taking advantage of the wisdom of crowds!
Join us Thursday morning at one of the Houston Energy Breakfast pre-event networking stations, and let’s talk about how Oil & Gas companies in today’s economic environment are capturing the best ideas from their crowd – their employees – and what are the best practices for acquiring, ranking and tracking those new ideas so they can be acted on quickly, creating value all along the value chain.
“In the 1980s, the oil and gas industry was going through the same crew change as it is now. Highly educated workers were laid off and the cycle is repeating itself. Will the industry learn its lesson this time?”
In a new article published in the latest (August 2015) edition of Oil & Gas Engineering, writer Pierre Bertrand tackles some of the issues arising from ‘the big crew change’ we are seeing in Oil & Gas, as we are again faced with thousands of departing experienced oil industry professionals – either forced out by low oil prices, or on the verge of retirement- who will be taking their accumulated experience and knowledge with them.
Our own Kandy Lukats, CEO of 3GiG, was interviewed for the story, and while she points out that “companies are better able to use technology in ways that can create a corporate memory of how employees, technicians, and their leadership carry on large capital decision making projects … the problem you have is, if you’ve lived through the 1980s, you were a young upstart and you wouldn’t have been in a management role to understand the impact on the business during that time. Therefore, companies are almost relearning what their predecessors already went through.”
To read more of this article, you can view the online edition of Oil & Gas Engineering here
Industry conditions have companies and professionals tightening their belts and evaluating how best to spend their time and budgets. Finding efficiencies for your company, sharing knowledge and maintaining a culture of continuous improvement are always essential elements for successis – and are even more important during a downturn.
Come visit our booth at URTeC to learn how one leading Oil & Gas company has leveraged our Smart Process Application technology to help capture, rank and execute >$500m in combined Opex and Capex cost savings in just the first quarter of 2015.
How big an impact can your team make to your EBIDTA in the next 90 day? Let’s talk about how we can help you achieve similar results … We’re looking forward to seeing you there!
No, not the cars – much better than that!
We’re excited to see that “A Garage Full of Ferraris: How to unleash the potential in your high-performance teams to drive extraordinary results”, a new book on leadership by Keith Johnston is now available for purchase,
In this book Keith takes a unique perspective on leadership, and what it takes to succeed as a leader by introducing us to his ‘Team of Leaders’
– including our own ‘Hippie Chick’, Kandy Lukats –
and then, through a series of stories and insights from each of those leaders about some of the challenges they faced and how they resolved them, he explains, illustrates and deconstructs what it is that makes those people such effective leaders.
Keith reminds us that we can ALL be leaders, and can create success for our companies and our teams by helping people to be their best. For any aspiring leaders out there, this book is well worth a read!
We are excited to announce the release and immediate availability of Prospect Director v 5.2, the latest version of our Smart Process Application Platform.
With the introduction of visual application design, new abilities to add and design chart types, and an improved rules engine, we invite our existing customers to install this latest release and immediately begin taking advantage of the new features in the platform.
||Why is it important to customers?
||Canvas – our new visual application design surface – is the future of application design in Prospect Director and makes UI and Application design a visual, simple, drag and drop process. For anyone with PowerPoint experience, application design will soon become second nature using Canvas. Rapidly designing the entire look and feel of pages within your Smart Process Application, adding rich behavior and creating a compelling user experience has never been easier, with the complex technical interactions handled automatically in the background. Prospect Director v5.2 ships with both chart and free-form markup components for use within the Canvas design surface with many more components planned for our upcoming releases.
|Charts & Graphs
||Prospect Director has empowered our designers and user community for years with a rich set of data collection, organization and querying capabilities. While viewing data is incredibly useful, visualizing that data through the use of charts and graphs, turn the useful into the compelling and pleasing. Version 5.2 provides the ability to add four different chart types to applications built on our platform – namely Area, Bar, Column and Line. Designers are provided with complete control over what data should be displayed, and with 80+ options for controlling the visual appearance of your charts, communicating exactly the story you want to your user community is nearly unlimited. Again, if you have had experience creating charts in Excel, then creating charts in Prospect Director will be a quick exercise.
|Rules & Workflow
||Prospect Director v5.2 introduces two new Events to our Rules Engine. Designers can use these Events to validate items of interest to the business as they are being moved through any process/workflow and evaluate its readiness: * Ensure no data is missing / no documentation is lacking, or use your own custom formulas for analysis to determine whether a project is ready for the next phase in its lifecycle. * If rules for progressing are not satisfied, send it back to the team and halt its progress until it meets your custom criteria. Controlling workflow and rules of engagement are completely customizable and can fit the unique needs of your business and company culture … Make your decisions, your way, consistently!
The 5th Annual Operational Excellence in Oil and Gas Summit is taking place in Houston November 3-5, 2014. This 3-day event provides a unique opportunity for the industry’s Operational Excellence leaders to share and discuss proven best practices for operations performance transformation … and we’re excited to be participating!
We’re particularly looking forward to Roddy Evans, of Hess Corporation, presentation on Wednesday, Nov 5th
– “Achieving and sustaining asset integrity and reliability as part of a holistic operational excellence strategy
We recently recorded a podcast with Roddy – available here
– previewing his presentation, and we’re looking forward to hearing more at the Summit about how Hess have leveraged the Opportunity Register (a Smart Process Application, developed on 3GiG’s Prospect Director platform) to encourage and enable a culture of continuous improvement throughout the company.
We are pleased to announce that the National Association of Professional Women has honoured 3GiG CEO Kandy Lukats as a 2015-2016 inductee into its VIP Woman of the Year Circle, recognizing her with this prestigious distinction for her leadership in business.
NAPW is the nation’s leading networking organization exclusively for professional women, boasting more than 700,000 members and over 200 operating Local Chapters.
For more information, see here
Come visit 3GiG at the AAPG Conference in Houston, April 2014
3GiG is an integrated technology and services company for the O&G industry, headquartered in Houston, Texas – delivering a Smart Process Application platform designed to help improve the effectiveness of their unstructured, un-automated, human-based collaborative business activities and processes. We will be exhibiting at this years AAPG conference, and would love to see you there.
Carol Hartupee, Sr Reservoir Engineering Analyst at W&T Offshore, will be joining us on Tuesday April 8th to talk and answer questions about how W&T have leveraged 3GiG’s Prospect Director platform to help manage and improve their prospect inventory lifecycle management processes.
3GiG are happy to announce that we have been recognized by the Houston Business Journal as one of Houston’s fastest-growing tech companies, and one of their recommended companies ‘to keep an eye on’.
The Houston Business Journal has published the Fast Tech List for many years – to help identify the fastest-growing technology-producing companies in Houston.
Companies must be tech-focused with a proprietary product, and must have proven capable of sustaining fast growth — not just a strong year compared to a weak showing the year before — with results measured based on 36 months of revenue growth. In addition, all companies are headquartered in the Houston area, are a minimum of four years old, and have a minimum of $1 million revenue. See some of the other companies who made the list here:
Join us at the Smart Fields Summit, where our CEO Kandy Lukats will be among the featured speakers.
In a pre-event survey, 44% of respondents believe that the most important component of smart fields’ development is people who are capable of adapting to new technologies and fulfilling their changed role. This result was also supported by the findings that showed that two thirds of the survey participants would like to change their top management’s attitude towards smart fields’ projects.
Join us at this event to learn how others in the O&G industry are answering these key questions:
- How important is technology, people and process in implementing integrated operations?
- What is the biggest challenge relating to data management?
- What are the technical challenges your company is facing in developing smart fields?