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The Challenges in the Petroleum Industry

As the petroleum industry continue to supply and deliver affordable oil and natural gas, there are many challenges faced by a petroleum engineer on a daily basis. From minor interruptions, natural disasters, conflicts, economic, to political issues, these difficulties require utmost attention and special care. With the growing demand for sustainable energy, petroleum companies also need to continue to operate, produce, and explore new and old resources.


Supply and Demand

Studies and research conducted by both private organizations and government institutions forecast that in the next 20 years, the demand for energy consumption will continue to grow and be dominated by fossil fuels, coal, natural gas, and oil. In developing countries, natural gas will continue to increase which requires new innovative methods in production, transportation, and geopolitical relations between the supplying and consuming country.

To be able to meet the demand for oil and gas, petroleum companies need to invest in bigger capitals to improve the production in deep waters, reservoirs, unconventional resources, and remote environments. This venture alone will require a huge investment in the years to come.


Employment Sector

Another existing challenge the industry currently faces is the employment of both managerial and technically skilled workers needed to execute and implement the projects. If the oil prices are up, there is a boom in the career of a petroleum engineer as well as other technical professions related to this field. However as soon as the oil prices go down, many employees get cut down as well.

The petroleum sector needs to improve the overall image of the oil and gas industry to be able to attract and encourage professionals to join this field. Companies should also improve their safety and environmental standards while following the regulatory compliance.


Technology

With the evolution of technology, the petroleum sector must be able to continue to create new innovations in the advancement of drilling and production. Companies should develop and explore new resources to be able to supply the growing demand for oil and gas. This is a challenge faced by http://cbwresourceconsultants.com/ to improve their plans and designs.


Conventional and Unconventional Resources

Some conventional resources are located in challenging areas with unbalanced political conditions. On the other hand, unconventional resources were only discovered recently and has become increasingly popular in addressing the demands. It may be a temporary solution in supplying the need for energy but it poses some issues on the effect it has on the conservation of nature, water resources, and the environment. Unconventional resources include oil sands, shale gas, and coal bed methane to name a few.


Alternative Fuels

Due to the rise in market demand and supply that petroleum companies face on a daily basis, the industry needs to explore other alternative resources such as renewables. This requires new policies, approach, and strategies to be able to discover new resources.


Social Responsibility

This includes relationships with various stakeholders, employees, human rights, environmental sector, community associations, and other sectors. The support of the petroleum industry and oil companies is crucial to the success of building a strong corporate social responsibility. This will improve potential partnerships between the public and private organizations as well as addressing the concerns in protecting the environment.

Upcoming conferences LT will be attending

The following is a list of upcoming events across the country:  January 23-26 Association for Mineral Exploration British Columbia (AMEBC Round-up), Vancouver, BC  March 4-7 Prospectors and Developers Association of Canada convention Toronto, ON  March 29-30 Learning Together Conference Yellowknife, NT  May 6-9 Canadian Institute for Mining and Metallurgy Conference and Exhibition (CIM) Edmonton, AB [...]

Mines and Energy Summit

We are looking forward to attend the Indigenous Mines and Energy summit being held in Niagara Falls. For the past seven years, Learning Together has seen the rapid growth and integration of indigenous communities around the world and we are proud to be part of the process here in Canada. The opportunities in Canada for [...]

YOUTH SYMPOSIUM REGISTRATION

Plan to attend!!, don´t lose this opportunity. Please complete the registration form here.

JOIN US FOR THE LEARNING TOGETHER YOUTH SYMPOSIUM!

WHERE? Saskatoon, Saskatchewan – Saskatoon Inn WHEN? April 5, 2011 – 8:30 am to 4:00 pm COST? FREE – Breakfast and Lunch included >>> REGISTER HERE! >>> Chance to WIN one of two $250 cash prizes >>> Download invitation here: LT Youth Symposium Invitation

Travel arrangements -=Free Shuttle=-

Dear delegates, We have arranged for a shuttle service to take you to Prince Albert and get you back to Saskatoon after the conference, here are the schedule times that we have arranged: April 5th 2011 2:30 pm – From Saskatoon inn to Quality inn Prince Albert 6:30 pm – From Saskatoon inn to Quality [...]

Kitchenuhmaykoosib Inninuwug-5 Years Later: An Update

Kitchenuhmaykoosib Inninuwug-5 Years Later: An Update In February 2006, Kitchenuhmaykoosib Inninuwug (KI) discovered a drilling company about to embark on a drilling program on its territory without the community’s knowledge or consent. The company claimed that Ontario granted them authorization to have “quiet possession” of the land, knowing that KI had a moratorium on such [...]

Cameco our 2011 Host sponsor

Few companies in the world come close to the social responsibility program that Cameco has in place in Northern Saskatchewan. Al though no program is ever perfect, theirs surely does work towards meaningful inclusion of Aboriginal participation in every level of the company. We are truly excited to have Cameco as a hosting partner at [...]

Detour Gold signs agreement with Moose Cree F.N.

It is a pleasure to share this news with everyone, because from the start of this company, Learning Together has been following closely their development and has had intimate knowledge of their hard work, thanks to our partner community Wahgoshig F.N. Detour Gold and Moose Cree First Nation execute and sign agreement for the Detour [...]

Learning Together 2011 Registration OPEN!

Registration is now OPEN for this year’s Learning Together conference, scheduled for April 6-7, 2011, in Prince Albert, Saskatchewan–a natural choice for our organization. At Learning Together, our goal is to reach across Canada and provide the tools, resources and education necessary to improve Aboriginal relationships with the mining and exploration industry. In addition, mining [...]