December 2019

Special Focus: Plant Design, Engineering and Construction

Surviving turbulent times requires deep management changes

The Stone Age did not end due to a stone shortage. The Conventional Oil Age was not eclipsed by vanishing traditional oil and gas resources. The Shale Revolution unleashed an era of abundant, new unconventional oil and gas supplies.

Chevriere, J. P., Transmar Consult Inc.; Daily, A., Daily Thermetrics

The Stone Age did not end due to a stone shortage. The Conventional Oil Age was not eclipsed by vanishing traditional oil and gas resources. The Shale Revolution unleashed an era of abundant, new unconventional oil and gas supplies. It caused pricing volatility and numerous other changes that are transforming the hydrocarbon industry. As with any major tectonic shift, the turbulence accompanying the shale revolution is irregular, erratic and nonlinear. Consequently, senior management must apply new business models to address the unprecedented market challenges within the energy and hydrocarbon processing industries. Leadership through tough times If a company has no clear end goals firmly

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