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.
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Tyre market in Bangladesh is forecasted to grow at over 9% until 2020 on the back of growth in automobile sales, advancements in public infrastructure, and development-seeking government policies.
The government has emphasized on the road infrastructure of the country, which has been instrumental in driving vehicle sales in the country.
The tyre market reached Tk 4,750 crore last year, up from about Tk 4,000 crore in 2017, according to market insiders.
The commercial vehicle tyre segment dominates this industry with around 80% of the market share. At least 1.5 lakh pieces of tyres in the segment were sold in 2018.
In the commercial vehicle tyre segment, the MRF's market share is 30%. Apollo controls 5% of the segment, Birla 10%, CEAT 3%, and Hankook 1%. The rest 51% is controlled by non-branded Chinese tyres.
However, Bangladesh mostly lacks in tyre manufacturing setups, which leads to tyre imports from other countries as the only feasible option to meet the demand. The company largely imports tyre from China, India, Indonesia, Thailand and Japan.
Automobile and tyre sales in Bangladesh are expected to grow with the rising in purchasing power of people as well as growing investments and joint ventures of foreign market players. The country might become the exporting destination for global tyre manufacturers.
Several global tyre giants have also expressed interest in making significant investments by setting up their manufacturing units in the country.
This reflects an opportunity for local companies to set up an indigenous manufacturing base in Bangladesh and also enables foreign players to set up their localized production facilities to capture a significant market.
It can be said that, the rise in automobile sales, improvement in public infrastructure, and growth in purchasing power to drive the tyre market over the next five years.
Headline crude prices for the week beginning 14 January 2019 – Brent: US$61/b; WTI: US$51/b
Headlines of the week
GEO ExPro Vol. 15, No. 6 was published on 10th December 2018 bringing light to the latest science and technology activity in the global geoscience community within the oil, gas and energy sector.
This issue focusses on frontier exploration, downhole acquisition tools and how we can collaboratively increase the efficiency of the exploration and production of oil, gas and energy resources. With a geographical focus on the Gulf of Mexico, this issue provides a lesson on the carbonate geology of the Florida Keys and details coverage of newly improved tectonic restorations of the US and Mexican conjugate margins which have enabled enhanced mega-regional hydrocarbon play and reservoir fairway maps of the region.
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To access the latest issue, please visit: https://www.geoexpro.com/magazine/vol-15-no-6