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?
Join NrgEdge and create your own NrgBuzz today
Pioneering technology expert tells ADIPEC Energy Dialogue up to 80 per cent of plant shutdowns could be mitigated through combination of advanced electrification, automation and digitalisation technologies
Greater use of renewables in power management processes offers oil and gas companies opportunities to create efficiencies, sustainability and affordability when modernising equipment, or planning new CAPEX projects
Abu Dhabi, UAE – XX August 2020 – Leveraging the synergies created by the convergence of electrification, automation and digitalisation, can create significant cost savings for oil and gas companies when making both operational and capital investment decisions, according to Dr Peter Terwiesch, President of Industrial Automation at ABB, a Swiss-Swedish multinational company, operating mainly in robotics, power, heavy electrical equipment, and automation technology areas.
Participating in the latest ADIPEC Energy Dialogue, Dr Terwiesch said up to 80 per cent of energy industry plant shutdowns, caused by human error, or rotating machinery or power outages, could be mitigated through a combination of electrification, automation and digitalisation.
“Savings are clearly possible not only on the operation side but also, using the same synergies between dimensions, you can bring down the cost schedule and risk of capital investment, especially in a time when making projects work economically is harder,” explained Dr Terwiesch.
A pioneering technology leader, who works closely with utility, industry, transportation and infrastructure customers, Dr Terwiesch said despite the increasing investment by oil and gas companies in renewables and the growing use of renewables to generate electricity, both for individual and industrial uses, hydrocarbons will continue to have an important role in creating energy, in the short to medium term.
“If you look at the energy density constraints, clearly electricity is gaining share but electricity is not the source of energy; it is a conduit of energy. The energy has to come from somewhere and that can be hydrocarbons, or nuclear, or renewables.” he said.
Nevertheless, he added, the greater use of renewables to generate electricity offers oil and gas companies the option of integrating a higher share of renewables into power management processes to create efficiencies, sustainability and affordability when modernising equipment, or planning new CAPEX projects.
The ADIPEC Energy Dialogue is a series of online thought leadership events created by dmg events, organisers of the annual Abu Dhabi International Exhibition and Conference. Featuring key stakeholders and decision-makers in the oil and gas industry, the dialogues focus on how the industry is evolving and transforming in response to the rapidly changing energy market.
With this year’s in person ADIPEC exhibition and conference postponed to November 2021, the ADIPEC Energy Dialogue, along with insightful webinars, podcasts and on line panels continue to connect the oil and gas industry, with the challenges and opportunities shaping energy markets in the run up to, and following, a planned three-day live stream virtual ADIPEC conference taking place from November 9-11.
An industry first of its kind, the online conference will bring together energy leaders, ministers and global oil and gas CEOs to assess the collective measures the industry needs to put in place to fast-track recovery, post COVID-19.
To watch the full ADIPEC Energy Dialogue series go to: https://www.youtube.com/watch?v=QZzUd32n3_s&t=6s
Utility-scale battery storage systems are increasingly being installed in the United States. In 2010, the United States had seven operational battery storage systems, which accounted for 59 megawatts (MW) of power capacity (the maximum amount of power output a battery can provide in any instant) and 21 megawatthours (MWh) of energy capacity (the total amount of energy that can be stored or discharged by a battery). By the end of 2018, the United States had 125 operational battery storage systems, providing a total of 869 MW of installed power capacity and 1,236 MWh of energy capacity.
Battery storage systems store electricity produced by generators or pulled directly from the electrical grid, and they redistribute the power later as needed. These systems have a wide variety of applications, including integrating renewables into the grid, peak shaving, frequency regulation, and providing backup power.
Most utility-scale battery storage capacity is installed in regions covered by independent system operators (ISOs) or regional transmission organizations (RTOs). Historically, most battery systems are in the PJM Interconnection (PJM), which manages the power grid in 13 eastern and Midwestern states as well as the District of Columbia, and in the California Independent System Operator (CAISO). Together, PJM and CAISO accounted for 55% of the total battery storage power capacity built between 2010 and 2018. However, in 2018, more than 58% (130 MW) of new storage power capacity additions, representing 69% (337 MWh) of energy capacity additions, were installed in states outside of those areas.
In 2018, many regions outside of CAISO and PJM began adding greater amounts of battery storage capacity to their power grids, including Alaska and Hawaii, the Electric Reliability Council of Texas (ERCOT), and the Midcontinent Independent System Operator (MISO). Many of the additions were the result of procurement requirements, financial incentives, and long-term planning mechanisms that promote the use of energy storage in the respective states. Alaska and Hawaii, which have isolated power grids, are expanding battery storage capacity to increase grid reliability and reduce dependence on expensive fossil fuel imports.
Source: U.S. Energy Information Administration, Form EIA-860, Annual Electric Generator Report
Note: The cost range represents cost data elements from the 25th to 75th percentiles for each year of reported cost data.
Average costs per unit of energy capacity decreased 61% between 2015 and 2017, dropping from $2,153 per kilowatthour (kWh) to $834 per kWh. The large decrease in cost makes battery storage more economical, helping accelerate capacity growth. Affordable battery storage also plays an important role in the continued integration of storage with intermittent renewable electricity sources such as wind and solar.
Additional information on these topics is available in the U.S. Energy Information Administration’s (EIA) recently updated Battery Storage in the United States: An Update on Market Trends. This report explores trends in battery storage capacity additions and describes the current state of the market, including information on applications, cost, market and policy drivers, and future project developments.