Newfie wrote:Interesting. I wonder what their transition plans look like.
Must be some interesting conversations going in there.
dissident wrote:BP can sugar coat it, but this is not some voluntary action to go green. Exploration has been flopping for a long time. The optimism of the 1990s about vast new reserves being opened up is gone. Peak oil is real and all the clowns who dismissed it can go and eat crow.
AdamB wrote:Newfie wrote:Interesting. I wonder what their transition plans look like.
Must be some interesting conversations going in there.
Having been axed during a downturn many moons ago, "interesting" can better be described as "gut wrenching" to the folks it is happening to. Even with the packages offered, you've got mid career professionals that if their specialty is oil and gas development, and consumers and/or the markets are transitioning away from your product (as opposed to a price downturn which everyone can hope is temporary), it is time for some tough decisions.
I went back to college for a year to get onto a different career path, but got sucked back in once activity resumed. Working for a major E&P company is a good gig.
dissident wrote:BP can sugar coat it, but this is not some voluntary action to go green. Exploration has been flopping for a long time. The optimism of the 1990s about vast new reserves being opened up is gone. Peak oil is real and all the clowns who dismissed it can go and eat crow.
Newfie wrote:There is no “job” security. In my industry one needed to maintain their reputation and resume. Then you were good. The only security you had was that you created around your name. I can easily imagine it as different for other professions and career paths. Just my personal experience.
Tuike wrote:This reminds me of a news in december.
Denmark set to end all new oil and gas exploration -bbc
Denmark will end all new oil and gas exploration in the North Sea, as part of a wider plan to stop extracting fossil fuels by 2050. Its government also agreed to cancel its latest licensing round on Thursday, which gives firms permission to search for and produce oil and gas. "We are now putting a final end to the fossil era," said Denmark's climate minister.
It's supposed to be because of climate change, but here's Denmarks oil production chart:
https://tradingeconomics.com/denmark/cr ... production
Click MAX. If you draw a straight line, Denmarks oil production will be depleted by 2025!
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
dissident wrote: The USA needs to import to meet demand.
dissident wrote:Where the west goes, the world will follow.
SpaceX acquires former oil rigs to serve as floating Starship spaceports
https://www.nasaspaceflight.com/2021/01 ... paceports/
AdamB wrote:dissident wrote: The USA needs to import to meet demand.
Well...not since late 2019 anyway. But BEFORE we became the world's largest oil and gas producer, yup, we weren't net exporters. Good thing we fixed that problem! Peak oilers sure didn't see that one coming!dissident wrote:Where the west goes, the world will follow.
Yeah, we do sorta rock, don't we?
GHung wrote:Anyway, I suppose Elon figures we'll need a shitload of his Starships to scrounge the solar system for all of those depleted resources earthlings will need to build Adam B's brave new world, considering that declining demand for oil doesn't necessarily mean declining demand for everything.
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