IPAA sponsored sending the $2 million dollar Mobile Offshore Learning Unit (MOLU) exhibit to the Fort Worth Museum of Science and History. Students from Southwest Academy of Petroleum Engineering & Technology (SAPET) act as tour guides, as junior high students learn about the science of the energy industry. MOLU was created by the Offshore Energy Center in Houston.
IPAA / PESA Petroleum Academy Update
By Anne Ford
Westside ‘WEGAns’ began
a new semester preparing for the IPAA / PESA Speaking Competition. The teams
first had to compete in front of volunteer judges from the Houston Chapter of
the American Society of Training and Development on January 16 and 17. Three
teams from each grade level were chosen to compete with the three other IPAA /
PESA Academies on Saturday, January 26, at Anadarko in The Woodlands. Two ninth
grade teams won 1st and 2nd places, one eleventh grade team won an Honorable
Mention and two twelfth grade teams won 2nd and 3rd places. Overall, the
students researched well and will be prepared for a greater showing in 2014.
Seniors Joshua Lachner, Yuki Oji, and Lucas Bazemore, had the privilege of attending the IPAA / PESA Scholarship Banquet on Tuesday, February 5, at the Houston Country Club. Joshua, who had to present via video, as he was at the Close-Up event in Washington DC, received an $8000 scholarship. Yuki and Lucas were honored to receive $5000 scholarships each. The audience was delighted by a beautiful rendition of "God Bless America" sung by Junior Sarah Wong.
WEGA juniors submitted their resumes and applications and began externship interviews in February. The professional interview conducted by alumni parent and retired Shell geologist, Letha Slagle, provides juniors with a rare opportunity to learn how to improve their interview, resume, and essay writing skills.
WEGA will enter three teams in the Shell Eco-Marathon Americas 2013 on April 5-7 at Discovery Green. The teams were honored to be asked to present to Shell engineers on Thursday, February 21, at the Westhollow Technical Center in celebration of Engineering Week. Taking away many valuable lessons about working in teams and developing new technologies, the teams were excited by the opportunity to learn from Shell engineers. The engineers also gave insight into the WEGA car designs and functionality. The gas car team, led by Hunter Heil, has revamped their aluminum framed vehicle, which will be driven by Emily Guerra. Two newly designed bamboo-framed, electric cars will also compete. WEGA Gents Team Captain, Timothy Huang, and League of WEGA Team Captain, Brian Canlas, are aiming to repeat a win of the Best Eco-Design.
Along with sponsoring the three cars, IPAA / PESA will provide a bus for Westside Wolves to attend the competition on Saturday, April 6. Westside is excited to be one of the only Houston area high schools to compete in the Shell Eco-Marathon Americas. Go Wolves!
Global oilfield services industry to top $200 billion by 2017
By World Oil News Center
HOUSTON -- Booming Exploration and
Production expenditure will see the global oil field services industry climb
significantly in value in the near future, expects business intelligence
company GBI Research.
According to the firm's latest report, the global oil field service industry (typically defined as any activity or service related to the finding, evaluation, development, production and abandonment of oil and gas resources) is forecast to jump in value by a massive 72% in just five years, from $152 billion in 2012 to $213 billion in 2017.
Despite the global economic turndown, demand for oil and gas has continued to
grow, due primarily to the emerging economies of Asia and South America.
Additionally, the increase in crude oil and natural gas prices has warranted
high E&P costs for areas where access is more difficult, such as offshore
deep and ultra-deep locations.
Innovative hydrocarbon recovery techniques such as Enhanced Oil Recovery (EOR)
are also driving oil companies around the world to return to depleted or mature
reservoirs - further contributing to total E&P expenditure.
Of the three segments that make up the oilfield services industry - exploration and evaluation, drilling, and completion and production - it is the latter that garners the most substantial income. GBI Research forecasts the completion and production services portion of the industry to create $148 billion in revenue during 2017, climbing from revenue of $105 billion in 2012.
Worldwide oil and gas professionals experience wage growth, according to survey
By World Oil News Center
HOUSTON -- Oil and gas industry professionals are enjoying significant wage growth, according to the Oil and Gas Global Salary Guide 2013, which is based on data from 25,000 respondents and more than one million items of data. Companies that specialize in upstream represented 26 percent of the respondent's employers, 12 percent downstream specialists and 62 percent worked within both spheres.
The Guide produced by recruiting experts Hays Oil & Gas and leading jobsite Oil and Gas Job Search, shows that permanent oil and gas professionals enjoy global average salaries of US$87,300 per annum. This shows a rate of growth of 8.5 percent from last year which is extremely positive during a period of uncertain economic activity across the globe.
The high salaries and impressive rates of growth can be attributed to a buoyant industry with a relatively stable oil price and a worldwide skills shortage.
Underhill, Managing Director of Hays Oil & Gas comments: "Australian-based
oil and gas industry professionals are paid the best salaries in the world,
closely followed by Norway, New Zealand, the Netherlands and Canada." Matt Underhill
continues: "Australia's major projects, particularly those in LNG, have meant
Australia's remuneration rates remain competitive."
The Salary Guide revealed that a rise in bonuses has continued and is now the dominant mechanism by which companies attract and retain talent. On average, bonuses account for a further 5.8 percent of the employees overall package with almost two thirds receiving some kind of benefit or allowance on top of their basic salary.
Duncan Freer, Managing Director of Oil and Gas Job Search adds: "Almost 65 percent of the respondents receive some benefit or allowance in addition to their base pay, the highest rate of participation since the survey was launched four years ago."
Employer confidence in increasing staffing levels during 2013 remains high. A quarter expects staffing levels to increase by more than 10 percent with almost 75 percent anticipating some level of increase.
Duncan Freer comments: "Despite the concerns in Europe and a slowdown in China's growth, the sentiment in the industry remains positive. Current employees and new entrants to the industry can look forward to working in a dynamic and highly rewarding sector."
2013 Salary Guide Summary:
Disciplines covered 24
Countries represented 53
Respondents to the survey 25,000
Respondents working with a global super major 2,500
Respondents who are employers in the industry 8,200
GE’s CEO Immelt: “Optimistic about global economy and oil and gas industry”
World Oil News Center
By BY PRAMOD KULKARNI
FLORENCE - General Electric CEO Jeffrey Immelt spoke in optimistic terms about the recovery of the global economy during 2013 and about GE's growing participation in the oil and gas industry during his introductory remarks at the opening reception of GE's annual customer gathering here.
"I think there are signs the U.S. economy is improving," Immelt said. "Even the Chinese economy is strengthening. The world economy goes as goes the Chinese economy."
Immelt was pleased with the growth of GE's oil and gas segment. "When I started attending these customer gatherings in 2004, our business was only $1.5 billion. We've grown ten times since then to $15 billion through both organic and inorganic growth."
Immelt explained that GE had five objectives in mind during 2013: technology, execution, analytics through the industrial internet, localition and people"
"We're investing 6% of our revenues in R&D, whereas the industry standard is 2%," Immelt said. "We're also planning to open an R&D center specifically for oil and gas research."
Concerning localization, Immelt said the company plans to open manufacturing centers in regions such as Brazil and Saudi Arabia.
New Halliburton service allows for use of high-TDS produced water for fracturing
By World Oil News Center
HOUSTON -- Halliburton announced today the commercialization of its H2OForward service. The new technology allows customers to recycle waste streams of produced water for use in well completions.
A part of Halliburton's Multi-Chem business line, the Water Management Solutions group formulates stable fracture fluids that have the ability to work with any waste stream, including water containing total dissolved solids (TDS) with values as high as 285,000 parts per million, for use in hydraulic fracturing operations.
"The H2OForward service provides a cost-effective customer solution that combines chemistry and innovative engineered technology", said James Archer, vice president of Halliburton's Multi-Chem business line.
"The product offerings from Water Management Solutions, including the CleanWave system and CleanStream service as well as our advancements in high TDS fluids are part of Halliburton's investment to further the sustainable development of the oil and gas industry," said Archer.
The new integrated service delivers technological advancements in fluid chemistry, water treatment and scale inhibition by using Halliburton's CleanWave system to treat the water, customizing both slickwater and crosslinked fracture fluid systems to work effectively with the high-TDS produced treated water, and reducing liquid biocides with Halliburton's CleanStream service technology.
believe the H2OForward service, especially the high-TDS fracture fluid
formulations, is a paradigm shift that negates the use of fresh water and meets
the supply chain needs of the customer," said Walter Dale, Halliburton Global
Strategic Business Manager - Water Management Solutions.
"This is no longer a technical issue; this is a function of logistics. Customers can now use produced water on unconventional wells with no loss of well productivity at a net economic benefit while minimizing the overall environmental impact," said Dale.
To date, Halliburton has completed more than 60 wells and 280 fracturing stages in the Permian and Bakken using its H2OForward services approach.