At a ceremony in Houston on September 15, 2018, Peter Lovie was inducted as an Industry Pioneer into the Hall of Fame established by the Oilfield Energy Center (OEC). Although OEC is located in Houston, the world’s oil capital. Industry Pioneers are selected from all over the world. The actual Hall of Fame is located in the Ocean Star Museum in Galveston.
It was quite an evening, impeccably organized: first the video interview, then the Induction ceremony, then the Annual Gala Dinner with about 800 top oil industry people. The five images give an idea of the Hall of Fame Induction Ceremony.
Peter joined about a hundred other Industry Pioneers worldwide from the start of the offshore industry shortly after World War II. Quite a few he had known and respected. It is an honor to be included in this group alongside the likes of “Red” Adair, Tim Pease and George H.W. Bush. To Peter it was something more, a symbol of having made it in America.
During 2017 Peter started on writing two books, one on recent FPSO business in the U.S. Gulf of Mexico and the other on a story of the ETA jackups that Peter pioneered in the 1970s.
Peter’s published items include many conference presentations, technical papers, interviews with TV and industry press, 6 patents – career total of 185 in 2024!
Peter appeared on their weekly publication’s “Head to Head” back page, traditionally dedicated to an individual that Upstream felt had done significant things in the industry. Upstream did similar interviews a few weeks earlier with Saudi Arabia’s Oil Minister Khalid al-Falih (24 June) and with US Senator Lisa Murkowski (20 April).
LT = Lower Tertiary, the Gulf of Mexico region of production in that geologic formation
The Lower Tertiary had many deepwater prospects that were relatively remote from the shore and were prospects for the use of FPSOs and shuttle tankers,
Shuttle tankers and pipelines were competing concepts in the U.S. Gulf of Mexico and so in 2008 Peter organized an open debate on the two delivery methods for crude oil production from deepwater – such as in field developments in the Lower Tertiary (LT) - to destinations around the Gulf Coast. Peter brought together industry authorities from both sectors:-
Peter was always active in professional organizations – one of these was Rice Global E&C Forum where he served as Industry Co-Chair during 2002-2006, helping organize their monthly lunchtime meetings and the annual Forums at Rice University.
During 2002-2006 Peter worked for a leading shuttle tanker owner and operator and was interviewed on what was becoming possible for Gulf of Mexico.
In 2002 Peter started as Vice President Business Development with American Shuttle Tankers in Houston – a company later acquired by Teekay of Canada.
In 1996 Peter started full time employment with a leading FPSO contractor based in the Netherlands with worldwide operations and a big presence in the North Sea – Bluewater Offshore Production Systems, Inc.
Peter served as Business Development Manager, North America, based in Houston. Part of his duties was to introduce FPSOs into the U.S. Gulf of Mexico. He became well known for this, spending a lot of time with the industry group DeepStar and the government regulators in attempting to introduce the use of FPSOs in the U.S. Gulf of Mexico.
As an independent consultant, assignments under the Peter M Lovie PE, LLC banner have included:-
At Devon Energy Corporation Peter was in the Project Support Office, mostly related to the company’s Lower Tertiary business in ultra deepwater developments, for future operated developments and for non-op developments.
For American Shuttle Tankers, LLC (later acquired by Teekay) as Vice President of Business Development, Secretary, and Treasurer: devised and executed company’s marketing program to introduce use of shuttle tankers as new transportation alternative in the GoM, moving oil production from remote deepwater platforms to a choice of refineries onshore. Served in business development sector of shuttle tankers and in Teekay Petrojarl Offshore, a new JV with PGS production.
For Bluewater as Business Development Manager, North America, held responsibility for developing single point mooring and FPSO business with North America customers, including marketing and contract negotiation. Oversaw technical and commercial dealings for international projects for customers in North America. Identified customers and projects, conducted marketing and sales campaigns, as well as preparing preliminary proposals and conceptual engineering designs.