Empowering the Next Generation on Energy Awareness with SPE ITS SC's Energy4me

In a notable collaboration with SLB, the world's leading energy service company, SPE ITS SC held an enlightening seminar in the format of a talk show. This event was held both online and onsite at Aula BG Munaf at Institut Teknologi Sepuluh Nopember, Surabaya, on September 3, 2023. The main goals of this seminar were, firstly, it aimed to help participants understand the value of SLB in the energy industry, the impact it has, and the opportunities available through the student vacation trainee program. It also aimed to explain the path to getting a full-time job at SLB and shared potential opportunities for university students. This included insights into the selection process and the criteria for eligibility for the trainee program, as well as experiences from previous trainees at SLB.This event is divided into three sessions, the first one is the Introduction to SLB and its commitment toward sustainability: the current & future condition of the oil and gas industry presented by Indah Dwie Jayanti as SLB Campaign Manager to ITS. For decades the oil and gas industry has been in high demand which therefore leads to high profit. With future career prospects, many university fresh-graduates are interested in joining companies involved in the oil and gas industry such as SLB. Hence, the committee was inspired to organize this event to highlight SLB's dedication to sustainability and responsible practices in the oil and gas industry. “The event’s purpose is to serve as a platform to educate, engage, and attract individuals who share the company’s commitment to sustainability while also enhancing SLB’s reputation in the industry”.Sustainability was chosen as the central theme of this event because it addresses global environmental concerns which aligns with SLB's values and mission, and reflects the company's commitment to corporate responsibility and long-term viability. By emphasizing sustainability, SLB demonstrates its dedication to addressing the challenges of our time and contributing to a more sustainable and responsible future.The following segment promises to be an enlightening discussion centered on career prospects. It covered crucial topics such as student vacation trainee opportunities, internships, and insights into future careers in the oil & gas industry. This session was presented by Verra Lakshmi, who holds the esteemed position of SLB Recruiting Manager in Indonesia. This shed light on the question, "Why SLB?" for aspiring professionals.The final session of the event is a significant one, Career Masterclass. In this session, participants had the invaluable opportunity to receive CV feedback and engage in a mock interview, providing them with practical insights and guidance to enhance their professional journey.“Through this event, we strive to create a positive impact by promoting sustainability, sharing knowledge, and fostering innovation. We also aim to contribute to a more sustainable and responsible oil and gas industry while also supporting the professional development of attendees interested in sustainability and career opportunities within SLB.” Written By: Arya Nugraha Aulia Rahman Yusup

The Society of Petroleum Engineers (SPE) ITS SC recently organized the SPEak Up! Guest Lecture program in collaboration with SPE UTM SC from Malaysia and SPE PSU SC from the Philippines. With the theme 'Revolutionizing Production Through Next-Gen Oilfield's Digital Odyssey,' this collaborative initiative aims to enhance SPE members' understanding of the oil and gas industry perspectives in the digitalization era. Hosted annually by the Academia and Competency Development Department of SPE ITS SC, The recent SPEAK UP Guest Lecture featured industry experts, including Mr. Tomi Ihwanto from Pertamina Hulu Rokan, Engr. Arnold Gabuco from Philippines, and Dr. Ahmad Khanifar from Petronas Malaysia, shedding light on the transformative role of Artificial Intelligence (AI) in redefining oil extraction strategies and enhancing oil fields.The first session of the event, featured a presentation by Mr. Tomi Ihwanto which emphasized the importance of embracing digital technologies in order to stay competitive in the constantly evolving oil and gas industry. He highlighted this by saying, "Advancements such as Artificial Intelligence (AI), data analytics, and automation are redefining traditional practices within the sector, emphasizing the need for adaptation to ensure efficiency, sustainability, and competitiveness in today's oil and gas landscape." He then proceeded to describe various digital transformation initiatives that PT Pertamina Hulu Rokan has implemented and plans to integrate.. One of the implementations is the smart condition monitoring & analysis modeling that is able to detect the equipment degradation earlier by applying similarity based multiple online variables correlation. The abnormal condition can be detected earlier based on the trend difference between model and actual. Thus, optimizing the maintenance schedule and potentially saving on costs and avoiding downtimes.Mr. Arnold Gabuco started the next session by mentioning the importance of artificial intelligence (AI) in streamlining tasks, processing large datasets, and optimizing production workflows. He specifically noted, "AI's ability to undertake complex tasks efficiently and with minimal errors can revolutionize the oil and gas industry, making it an indispensable tool for ensuring operational reliability and efficiency by preemptively addressing potential equipment failures."And in the last session of the event, Dr. Khanifar highlighted the pivotal role of advanced analytics and AI-driven technologies in enhancing oil fields, stating, "These innovations collectively contribute to informed extraction strategies, ensuring optimal operations and real-time optimization by controlling the high gas to oil ratio (GOR) in wells." The lecture covered critical aspects, including the Field Development Plan overview and the meticulous Well Selection process. The discussion focused on the detailed implementation of the AI-HGOR Pilot, where Dr. Khanifar emphasized the importance of GOR control for reshaping the oil extraction landscape. The Multi Rate Test (MRT) analysis showcased a reduction in oil production with an increasing GOR, while the Advisory Model's integration into the process control scope underlined the transformative significance of these technological advancements. The presentation concluded with a powerful statement, offering a glimpse into the promising future of the industry.Written by: Satria Rafif Rafidianto

Early in 2024, there is a heightened risk of disruptions to the global oil supply due to the conflict in the Middle East —a region that supplies one-third of the world's seaborne oil trade— especially for oil flows that pass through the Suez Canal and the Red Sea. The International Energy Agency (IEA) has warned that the US and UK airstrikes on Houthi targets in Yemen in response to attacks on tankers in the Red Sea have expressed worries  about the potential for an escalation of the conflict. This important trade route handled almost 10% of the world's seaborne oil commerce in 2023, or about 7.2 million barrels per day (mb/d) of crude and oil products, as well as 8% of the world's trade in liquefied natural gas (LNG). The primary alternate shipping route around the Cape of Good Hope in Africa prolongs voyages by up to two weeks, which puts strain on international supply systems and raises the cost of freight and insurance.Stable oil prices despite escalating tensionsOil companies are taking a cautious stance in response to these escalating geopolitical tensions in the Middle East. Mike Sommers, CEO of the American Petroleum Institute, has expressed worries about the growing chance of the crisis intensifying and derailing oil supplies. And although Oil prices have stayed comparatively steady despite the tensions; some experts attribute this to the impact of economic considerations on oil prices. Thus far, the Houthi raids and other Red Sea disruptions—such as the diverting of supplies away from the Suez Canal—have not had a substantial effect on energy prices. Experts have cautioned that tensions in Iran, particularly around the Hormuz, may have an impact on oil prices and that the longer the violence in Gaza continues, the more likely it is that a regional crisis may break out. The closure of important trade routes, which would have previously led to a significant increase in energy prices, has not had the same effect due to the market's confidence in the availability of supply.Assessing Supply and DemandThe World Bank's Commodity Markets Outlook in October 2023 provided a preliminary assessment of the potential near-term implications of the conflict. In a "medium disruption" scenario, the global oil supply would be reduced by 2-4 million barrels per day, initially increasing oil prices by 21% to 35%. In a "large disruption" scenario, with a reduction of 5-10 million barrels per day, oil prices could increase by 56% to 75% initially. Additionally, The IEA has revised its forecast for oil demand upward, anticipating a larger increase in global oil demand in 2024. The IEA's forecast indicates a balanced oil market, with world oil demand expected to grow by 1.1 million barrels per day in 2024, and non-OPEC supply growth projected to reach 1.2 million barrels per day. This balanced outlook is significant, considering the potential impact of the geopolitical tensions and disruptions in the Red Sea on the global oil supply. The agency's assessment of a "comfortable" oil market in 2024, despite the disruptions in the Red Sea, reflects the resilience of the oil market due to factors such as ample oil and gas supply, weaker demand in certain countries, and the ability of tankers to find alternative routes to deliver oil and gas products. ConclusionWhile the present upheavals and wars aren't having a big effect on the world energy markets, the international community should still be prepared and pay close attention to the Middle East's ongoing volatility. The developing scenario in the region could result in further escalation and have an effect on the energy landscape. Thus, in 2024, it will still be imperative to keep an eye on Middle Eastern geopolitical developments and any potential effects they may have on the energy markets.Written By: Arya Nugraha Aulia Rahman YusupReferences:Oil prices steady despite Middle East tensions, but risks are rising | Oil and Gas News | Al JazeeraOil Market Report - January 2024 – Analysis - IEAConflict in Middle East Could Bring ‘Dual Shock’ to Global Commodity Markets (worldbank.org)Geopolitical tensions in Middle East bear risks for oil supplies — IEA - Business & Economy - TASSIEA's Birol predicts 'comfortable' oil market despite Red Sea disruption | Reuters

In a bid to increase awareness on the importance of health, the Community Outreach Division  SPE ITS SC has taken the initiative to organize a medical check-up event called "FEALING (Fun Healing)". The event has successfully conducted in collaboration with the Asian Medical Students' Association (AMSA) Universitas Airlangga. The PIC of the event Jonathan Erland Sihotang explained that the event comes at a time when health awareness is increasingly crucial, especially with the transition from the pandemic era. People overlook the fundamental and essential aspects of health, such as lack of exercise, consuming unhealthy food with high levels of sugar, and barely doing medical check-ups.  "Those behaviors will cause an increase in the prevalence of hypertension and any of the health issues among people our age or actually affect people of all ages,” Jonathan explained. Despite the importance of health, many people still underestimate its significance, particularly in developing countries where healthcare can be costly. Therefore, the Community Outreach Division has taken the initiative to provide free medical check-ups for those who cannot afford them. “Conducting this event is also in line with Sustainable Development Goal 3, which aims to ensure healthy lives and promote well-being for all ages,” Jonathan added. According to Jonathan, FEALING which took place on Sunday, 13th November 2022 from morning to afternoon at Taman Harmoni Keputih in Surabaya, provided a range of medical check-ups including blood sugar, tension, and uric acid tests. "We hope to accommodate those who are underprivileged, to do medical checkups for free and increase the awareness of local residents about the importance of health." Jonathan said. The health check-up event at Taman Harmony was a great success, with a majority of elderly participants from the surrounding area. Within just four hours, the target of 100 participants was achieved due to the overwhelming response, with most of them coming in groups. "I am so grateful for this free health check-up. It's an opportunity for us to monitor our health without spending any money," said one of the participants, who was delighted with the initiative.The Community Outreach Division and AMSA-Unair believe that events like FEALING will increase health awareness in the local community and ultimately lead to healthier lifestyles. The hope is that the event will inspire more organizations to take similar initiatives in promoting health and well-being in the community.  "I am thrilled to see such an enthusiastic response from the community. It shows that people are taking their health seriously," Jonathan concluded. By: Tyara Novia