Same person, different hats
You’ve probably noticed a new employment dynamic in the upstream oil and gas industry… The line between employees, consultants, self-employed business contractors and business owners has become blurred…
This is likely to continue and even accelerate due to a number of macro factors:
There are other factors in play, ones that we’re all aware of. For example, we no longer need to choose. A side-gig, or multiple concurrent ventures can be launched, even while working full time. (If you can stomach that amount of stress!)
The point is that there is no set career path to follow anymore. The leaders of the future will be the ones who can pivot and solve problems in a creative way. It’s the creatives and visionaries that will blaze the way… In fact, when we think about it, hasn’t that always been the case?
Once you know the next steps in your career path, idea/market validation is crucial. You don’t want to be working on your new invention in the garden shed for 10 years, only to unveil it and find that no-one is interested.
So, the leaders of tomorrow will efficiently validate and market themselves, their products and ideas. You need efficient ways of getting the word out, to the people that you want it in front of.
Which brings me to the point of the post…
I’m a believer in creating not just an online presence, but an online omnipresence (I've written about that before). Demonstrate to the world that you’re committed, willing and able to continuously think about concepts and solutions.
You can be employed by 10 companies, and start 10 of your own. You can collaborate and be a lone wolf at different times.
While the economic activity that you undertake changes, there is something that doesn’t change… Your character, and your ability to create solutions.
These fundamental building blocks of a career can be chronicled, documented and stored online. Not on your hard drive, where they won’t help you, but online. For all of your peers, mentors, students, employers and business partners to see…
Your body of work, your career and life achievements.
Eventually, you might appear in all major news and media outlets, and in every industry association website. In the beginning though, in our path to online omnipresence and career security… We set up profiles and become known in as many places as possible.
Did you notice that I just wrote career security?
Job security is dead…
Long live career security!
Being a serial problem solver, who is willing to learn new concepts and put in the hard work, will likely mean career security. If you’re an amazing chef, it’s possible that you could move from French, to Japanese, to Chinese cuisine. If you use the same skills that you already know, applied to a new set of rules and tactics, you can succeed again and again.
A weak French Chef is unlikely to make the move to another kitchen art…
If you’re a serial achiever, chronicle it online. Create a track record that will allow you to stand out from all other candidates for future job applications. Set up series of online breadcrumbs that will increase the chances of finding your next business partner, supplier or customer.
Are you planning to create career security? Perhaps you already have a sideline or small business? Perhaps you’re set up as a consultant?
Apart form the obvious places that you need to be (Facebook, LinkedIn etc), here are a few places where you can set up a professional or business profile:
(All Oil and Gas/Energy related)
I’ve only listed five, and they’re all free to register on, search around and you’ll find dozens more. Gradually, you can capture more online real estate for yourself and your companies of the future.
Something interesting to share?
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According to the Nigeria National Petroleum Corporation (NNPC), Nigeria has the world’s 9th largest natural gas reserves (192 TCF of gas reserves). As at 2018, Nigeria exported over 1tcf of gas as Liquefied Natural Gas (LNG) to several countries. However domestically, we produce less than 4,000MW of power for over 180million people.
Think about this – imagine every Nigerian holding a 20W light bulb, that’s how much power we generate in Nigeria. In comparison, South Africa generates 42,000MW of power for a population of 57 million. We have the capacity to produce over 2 million Metric Tonnes of fertilizer (primarily urea) per year but we still import fertilizer. The Federal Government’s initiative to rejuvenate the agriculture sector is definitely the right thing to do for our economy, but fertilizer must be readily available to support the industry. Why do we import fertilizer when we have so much gas?
I could go on and on with these statistics, but you can see where I’m going with this so I won’t belabor the point. I will leave you with this mental image: imagine a man that lives with his family on the banks of a river that has fresh, clean water. Rather than collect and use this water directly from the river, he treks over 20km each day to buy bottled water from a company that collects the same water, bottles it and sells to him at a profit. This is the tragedy on Nigeria and it should make us all very sad.
Several indigenous companies like Nestoil were born and grown by the opportunities created by the local and international oil majors – NNPC and its subsidiaries – NGC, NAPIMS, Shell, Mobil, Agip, NDPHC. Nestoil’s main focus is the Engineering Procurement Construction and Commissioning of oil and gas pipelines and flowstations, essentially, infrastructure that supports upstream companies to produce and transport oil and natural gas, as well as and downstream companies to store and move their product. In our 28 years of doing business, we have built over 300km of pipelines of various sizes through the harshest terrain, ranging from dry land to seasonal swamp, to pure swamps, as well as some of the toughest and most volatile and hostile communities in Nigeria. I would be remiss if I do not use this opportunity to say a big thank you to those companies that gave us the opportunity to serve you. The over 2,000 direct staff and over 50,000 indirect staff we employ thank you. We are very grateful for the past opportunities given to us, and look forward to future opportunities that we can get.
Headline crude prices for the week beginning 15 July 2019 – Brent: US$66/b; WTI: US$59/b
Headlines of the week
Unplanned crude oil production outages for the Organization of the Petroleum Exporting Countries (OPEC) averaged 2.5 million barrels per day (b/d) in the first half of 2019, the highest six-month average since the end of 2015. EIA estimates that in June, Iran alone accounted for more than 60% (1.7 million b/d) of all OPEC unplanned outages.
EIA differentiates among declines in production resulting from unplanned production outages, permanent losses of production capacity, and voluntary production cutbacks for OPEC members. Only the first of those categories is included in the historical unplanned production outage estimates that EIA publishes in its monthly Short-Term Energy Outlook (STEO).
Unplanned production outages include, but are not limited to, sanctions, armed conflicts, political disputes, labor actions, natural disasters, and unplanned maintenance. Unplanned outages can be short-lived or last for a number of years, but as long as the production capacity is not lost, EIA tracks these disruptions as outages rather than lost capacity.
Loss of production capacity includes natural capacity declines and declines resulting from irreparable damage that are unlikely to return within one year. This lost capacity cannot contribute to global supply without significant investment and lead time.
Voluntary cutbacks are associated with OPEC production agreements and only apply to OPEC members. Voluntary cutbacks count toward the country’s spare capacity but are not counted as unplanned production outages.
EIA defines spare crude oil production capacity—which only applies to OPEC members adhering to OPEC production agreements—as potential oil production that could be brought online within 30 days and sustained for at least 90 days, consistent with sound business practices. EIA does not include unplanned crude oil production outages in its assessment of spare production capacity.
As an example, EIA considers Iranian production declines that result from U.S. sanctions to be unplanned production outages, making Iran a significant contributor to the total OPEC unplanned crude oil production outages. During the fourth quarter of 2015, before the Joint Comprehensive Plan of Action became effective in January 2016, EIA estimated that an average 800,000 b/d of Iranian production was disrupted. In the first quarter of 2019, the first full quarter since U.S. sanctions on Iran were re-imposed in November 2018, Iranian disruptions averaged 1.2 million b/d.
Another long-term contributor to EIA’s estimate of OPEC unplanned crude oil production outages is the Partitioned Neutral Zone (PNZ) between Kuwait and Saudi Arabia. Production halted there in 2014 because of a political dispute between the two countries. EIA attributes half of the PNZ’s estimated 500,000 b/d production capacity to each country.
In the July 2019 STEO, EIA only considered about 100,000 b/d of Venezuela’s 130,000 b/d production decline from January to February as an unplanned crude oil production outage. After a series of ongoing nationwide power outages in Venezuela that began on March 7 and cut electricity to the country's oil-producing areas, EIA estimates that PdVSA, Venezuela’s national oil company, could not restart the disrupted production because of deteriorating infrastructure, and the previously disrupted 100,000 b/d became lost capacity.