A people who have no regard for their history are doomed to repeat the mistakes of the past. I grant you I am paraphrasing here but it is ever true. There is an early warning of skill loss following the downturn in oil prices and it is something we should take notice of.
Looking across the UK in a fruitless search for the industrial might of past dusty decades is depressing. Recent threats to the steel industry follow the final last rattles of coal production. Like a discount retailer’s favourite cry, ‘Once it is gone it is gone,’ the mine floods and the furnace goes offline.
Possibly the most undervalued resource left to decay, however, is the skill of the men and women who once knew how it all worked. Is it possible that the oil and gas industry might lose some of it’s people power never to be replaced?
As far as the short term goes, no. In the long term though the cut backs in investment and dire clouds that hang over skilled workers are driving much need expertise away from offshore production.
In addition, a depressive outlook puts people off the idea of entering the industry in the first place. It would only take a few more years of this before those retiring outnumber those coming in. Traditional efficiency when it comes to training relies on experience being passed on, get an imbalance and it can take sustained effort to reverse a dramatic decline in skill.
The article below goes into the details more fully. I have to say looking at other industries we once took as solid and immune to the test of time, we should take notice of threatened skill shortages sooner rather than later.
It isn’t often that an oil and gas outfit places inspiration from the Bible on its website . Then again Zion Oil and Gas does what it says on the tin, it has a commitment to producing oil to make Israel independent regarding its energy needs. It is no great surprise, but still a little out of the mainstream because this is an American company.
They got the licences to explore and now have another year to make good on all the effort.
All the prep, geological and geophysical work, might now have paid off. They claim there are many challenges to drilling in Israel that are not presented elsewhere. Mainly the country has not fully embraced the concept and is understandably cautious as to who does what and where inside their borders.
One to watch for the future. The company talks freely about offshore exploration as well and if there is sufficient found then the investment would certainly follow to develop both oil and gas production. Let us be honest the Leviathan gas field and the reserves estimated in oil there is plenty of reason for hope of a big find. Of course there are many challenges not least of which is the extreme depth that the resources are located.
The conflict in the Niger Delta continues with groups not acknowledging the supposed truce. Reuters are reporting a pipeline has been attacked in Lasukugbene, Bayelsa state.
No-one has claimed responsibility for the action so far however the usual suspects, the Niger Delta Avengers, have the most recent history of such action. Some substance can be attributed to this as their spokespeople have said they cannot recall the truce that was arranged in late June.
Operators Nigerian Agip Oil Company, a subsidiary of the Italian Eni corporation have made no comment. Oil production is now down to a 30 year low in the region because of the ongoing dispute between oil companies, Nigerian government and the ethnic people of the Delta.
Early reports that the Tambar field is being given another 6 years of life. Located in the southern Norwegian area it is one of three fields making up the UGT area. First discovered in 1983 the Ula field along with the Gyda field make up the rest of the area.
Tambar came online in 2001 and has a large confirmed oil supply which is processed in Teeside, UK. Operators are Dong Norge and BP. Source: Energy Voice. Click here