State of the Industry – Jobs


There are still no clear answers how the market will play out for 2015 for both field service and professionals in engineering and geoscience, but some expected reactions are coming exactly as expected. The overall decline for field service workers has declined nearly 45% over the last three months and needs for engineering, geoscience and technical professionals for service and operating companies as declined over 38% in that same period of time.
[Read more…]

No Conspiracy When it Comes to Saudi Arabia Oil Price Plummets


 
Since last summer, oil prices have plummeted some 50 percent, sparking conspiracy theories and misguided rhetoric to explain the reason behind the drop. But many of these theories are ridiculous and unrealistic, and by encouraging them, we are creating unnecessary tension and bad press.
[Read more…]

Energy 2015 – Five Developments to Watch in the US and Beyond


What does 2015 have in store for the energy industry? Making predictions is always a difficult proposition, and trying to predict the price of crude is a daunting task. As they say, if you are going to forecast, forecast often.
 
But looking back on events and activities this past year gives us some comfort to forecast the trends and “big picture” happenings that we’ll likely see in 2015. So, here are my thoughts on the top five energy industry developments to be aware of next year – regardless of whether the price of crude oil goes up or down:
[Read more…]

Petroleum: A Magnificent Material Much Maligned


The use of petroleum is under attack as never before in today’s society. But contrary to the cries of critics, petroleum and the things people can do with petroleum are a modern miracle and a foundation of modern society.
 
Last year, the Intergovernmental Panel on Climate Change of the United Nations called for the world to move to “near zero emissions” of carbon dioxide by the year 2100. President Obama has threatened to veto the Keystone XL pipeline bill. Activist Bill McKibben has launched a national effort to persuade universities and colleges to divest financial holdings in oil companies. These efforts target the oil industry with the aim of eliminating the societal use of petroleum.
[Read more…]