The drop in the oil price has caused a huge amount of damage to the supply chain, with industry consolidation, bankruptcies and layoffs felt everywhere. Oil companies have taken advantage of this by driving down costs to the point where supply chain companies are no longer making any profit on the jobs they win.
The supply chain has always been competitive, with profit margins and overall costs never varying greatly between competitors, but it has now got to the point where only companies that are bankrolled from other sources can afford to win oil and gas projects. This will end up destroying the supply chain to the point where companies that cannot compete follow others into further downsizing activities. If these companies end up closing, then the industry will inevitably pay the price in long run.
There is another reason why oil companies should start paying higher rates for oil and gas projects and that comes down to the quality of work they will receive. If you get a budget from a company (that is already competitive), then negotiate it down 15% (removing all their profit) then the company has two options:
The second option is where the oil and gas industry is currently operating, with the main cost cutting exercise involving using oil and gas industry professionals who are not skilled enough to do the job, or trying to get things done without enough people. This leads to inadequate designs, unsafe operations, and in the worst cases – failed oil and gas projects. Currently we are a workforce under too much pressure on every job we are trying to deliver, and the status quo cannot continue if the industry wants to remain profitable in the long term.WHAT DOES THIS MEAN FOR OIL AND GAS JOBS?
For the oil and gas job search, this continual cutting of budgets means that jobs are shorter than they were before, and companies are refusing to pay adequately for peoples services. If we want a workforce to exist in the future, this culture of hammering the supply chain down on cost has to stop.
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The Skullcandy Jib True is a pair of well-built headphones that resemble its premium sibling Skullcandy Sesh Truly Wireless. They are low-profile Truly wireless headphones that look good and don't feel too cheap. They are definitely some of the smaller earbuds that we have tested and do not protrude too much from your ears.
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Skullcandy Jib True Wireless are perfect for commute and travel. They are portable and comfortable. We can confidently add them to the list of cable-free and economical in-ear headphones.
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Ratings > 7.9
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If you want a smart speaker with Google Assistant integration as Xiaomi Mi Smart speaker integrates seamlessly with the Google Home app like all other Google and Nest speakers. It delivers great audio at less than half the price of Google Home or Amazon Echo speakers and can be easily added to your existing multi-room audio setup.
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In its latest Short-Term Energy Outlook (STEO), released on January 12, the U.S. Energy Information Administration (EIA) forecasts that generation from natural gas-fired power plants in the U.S. electric power sector will decline by about 8% in 2021. This decline would be the first annual decline in natural gas-fired generation since 2017. Forecast generation from coal-fired power plants will increase by 14% in 2021, after declining by 20% in 2020. EIA forecasts that generation from nonhydropower renewable energy sources, such as solar and wind, will grow by 18% in 2021—the fastest annual growth rate since 2010.
The shift from coal to natural gas marked a significant change in the energy sources used to generate electricity in the United States in the past decade. This shift was driven primarily by the sustained low natural gas price. In 2020, natural gas prices were the lowest in decades: the nominal price of natural gas delivered to electric generators averaged $2.37 per million British thermal units (Btu). For 2021, EIA forecasts the average nominal price of natural gas for power generation will rise by 41% to an average of $3.35 per million Btu, about where it was in 2017. In contrast, EIA expects nominal coal prices will rise just 6% in 2021.
The large expected rise in natural gas prices is the primary driver in EIA’s forecast that less electricity will be generated from natural gas and more electricity will come from coal-fired power plants in 2021 than in recent years. EIA expects about 36% of total U.S. electricity generation in 2021 will be fueled by natural gas, down from 39% in 2020. The forecast coal-fired generation share in 2021 rises to 22% from 20% last year. However, these forecast generation shares are still different from 2017, when natural gas and coal each fueled 31% of total U.S. electricity generation.
Significant growth in electricity-generating capacity from renewable energy sources in 2021 is also likely to affect the mix of fuels used for power generation. Power developers are scheduled to add 15.4 gigawatts (GW) of new utility-scale solar capacity this year, which would be a record high. An additional 12.2 GW of wind capacity is scheduled to come online in 2021, following 21 GW of wind capacity that was added last year. Much of this new renewable generating capacity will be located in areas that have relied on natural gas as a primary fuel for power generation in recent years, such as in Texas.