The year 2018 has witnessed major oil discoveries around the world. Approximately 80 billion barrels of oil has been discovered off Bahrain western coast. Egypt has announced hydrocarbon discovery capable of producing 2,300 crude oil barrels every day. Similarly, oil and gas deposits have been discovered in the east coast of India and offshore Guyana. Hydrocarbon deposits continue to be mined in different corners of the world. With new discoveries come new requirements for professionals in the evolving oil and gas and energy sector.
The industry despite being a huge provider of jobs to professionals around the world continues to face skill shortage, critically in operations. Core technical job profiles like reservoir engineers, drilling engineers, and safety specialists are not going to disappear, but with increasing automation and a greater thrust on smart systems in the sector, there is a growing demand for software engineers.
Automation is not the only reason to drive the huge opportunity for talented software engineers in the industry. Some of the other factors are:
Gigantic scale of the industry:
Explorations, production, transportation, employee management, safety, and quality have to be monitored and maintained in peak condition without any break. Coupled with challenges such as volatility of underground land depths and high seas, the industry is turning towards computer technology to provide practical and cost-effective solutions. With the adoption of computer systems into all processes, there is a rising need for talented and dedicated software engineers and professionals who can run operations with efficiency and creativity and keep on top of the challenges in the industry.
With each passing year, competition becomes more intense as new companies join the oil and gas and energy sector. At stake are investments worth billions of dollars. Computer technology brings efficiency and accountability to operations. Latest technologies like cloud, robotics, haptic feedback, Scada, simulation, and data management are being speedily integrated to increase productivity and maintain an edge over the competition.
Software experts analyse oil and gas reserves, the performance of the drilling and pumping operations, alignment between machines, status reports about ebbs and flows. All data is processed and analysed to ensure that operations are carried out in a consistently cost-efficient manner. Qualified and dedicated software experts are given the responsibility to run existing operations and also provide leading-edge innovation to further increase the efficiency and capabilities of the industry.
Need for safety:
The safety of personnel and equipment is non-compromising for the industry. Volatile factors like temperature, pressure, the health of machinery, and leakages are monitored by various sensors, safety devices, warning systems and rescue systems that are run and maintained through a network of computers. The ability to monitor and interpret data and keep on top of the information can help to reduce the potential danger.
Need for upskilling:
For a successful career in the oil and gas and energy industry, apart from the core skill, soft skills such as communication and leadership are also essential. People from diverse backgrounds usually make up the working teams in this industry and cultural differences can arise in a multi-national, multi-ethnic workforce. Employees who exhibit soft skills of leadership and communication to handle the demand of leading such teams are greatly valued by employers. Needless to say, engineers who are ready to explore new ways to improve upon their communication and leadership skills climb the ladder faster and are much sought in the industry.
With the combined efforts of industry veterans, leaders and management experts, NrgEdge has developed a leadership course to help professionals acquire top-notch capabilities in management and leadership in the energy sector:
Leadership and Management Skills E-Learning Suite for Upcoming Managers https://www.nrgedge.net/course/leadership-and-management-skills-e-learning-suite-for-upcoming-managers
Finding the right job for your software skills:
To find the right job, you need the right platform to showcase your skills to a large pool of oil and gas and energy employers. NrgEdge is a platform for professionals in the energy industry and provides you with the latest developments and job and networking opportunities in oil and gas and energy industry. It is a job search portal, training and certification platform and a common meeting ground for energy professionals. Sign up and find suitable jobs that meet your requirements and qualifications. Interact with experienced industry professionals to further your skills and career in the industry.
Something interesting to share?
Join NrgEdge and create your own NrgBuzz today
Headline crude prices for the week beginning 12 November 2018 – Brent: US$71/b; WTI: US$60/b
Headlines of the week
It seems to have been a topic that has been discussed for years, but a decision could finally be made. The Philippines has short-listed three different groups who are in the running to build the country’s first LNG import terminal, whittling them down from an initial 18 that submitted project proposals. The final three consist of the Philippines National Oil Company (PNOC), a joint venture between Tokyo Gas and domestic firm First Gen Corp and China’s CNOOC. The Philippines hopes to choose the final group by the end of November – an optimistic decision that belies that many, many complications that have come before.
First of all, the make-up of only one of the groups has been finalised. A local partner is a requirement for this project; CNOOC has yet to officially tie-up, although it has been talking to Manila-based Phoenix Petroleum, while state oil firm PNOC does not have a (deep-pocketed) partner yet. Firms including Chevron, Dubai’s Lloyds Energy Group and Japan’s JERA have reportedly contacted PNOC to express their interest, but a month before the Philippines wants to make a decision, its own home-grown hero hasn’t yet got its ducks lined up in a row.
And time is of essence. The once giant Malampaya gas field is running out of resources. Supplying piped natural gas to three power plants that feeds some 45% of Luzon’s electricity requirements, the Shell-operated field is expected to be completely depleted by 2024. With the country aiming to move away from burning coal or (imported) gasoil for power, gas is needed to replace gas. Even though the Philippines is pushing for a bilateral agreement with China to pave to way for joint exploration activities in disputed areas of the South China Sea – to the consternation of its citizens – any discovery in the Palawan basin or Scarborough Shoal will be years from commercialisation.
So LNG is the answer. And LNG has been the answer since 2008, when the need for an LNG import terminal was first identified. And it is not like no projects have been proposed – Australia’s Energy World Corp (EWC) has been wanting to build an LNG receiving terminal and power station in the Quezon province near Manila for years, but the project has been described as ‘trapped in a bureaucratic quagmire’ due to hurdles from various government agencies, or stymied by groups with competing interests.
PNOC itself has been wanting to build its own terminal in Batangas, within range of existing gas and power transmission facilities currently drawing Malampaya gas. But, just like Pertamina in Indonesia, it is cash-strapped and unable to drive the project on its own, hence the requirement for a partner/s. First Gen Corp and Phoenix Petroleum are both private players, with First Gen already operating four of the country’s five gas-fired plants while Phoenix Petroleum has close ties with CNOOC Gas.
Many announcements have been made and gone, but with this shortlist of three groups, it does finally look like the Philippines will be able to get its LNG ambitions of the ground. And it is thinking even bigger; wanting the terminal to become a LNG trading hub for the region – capitalising on the existing habit of ship-to-ship transfers of LNG cargoes into smaller parcels in the Philippine waters for delivery into southern China – challenging existing ambitions in Japan, South Korea and Singapore. But perhaps that is getting a bit ahead of themselves. Getting a project – any LNG project – off the ground is the first priority. And the rest can come after that.
Other Proposed LNG Projects In The Philippines: