Welcome back to another episode! This week’s episode is our First Friday Q&A for September. You ask the questions and we answer them. Big thanks to everyone who wrote in. If you want to get a question answered for next month’s FFQA, click the link below. Enjoy! Have a question? Click here to ask
Show Notes & Links:
Questions:
Jake mentioned on Ep. 180 that “Schlumberger and Halliburton, as far as I know, had not announced any layoffs either” when discussing NOV incurring costs due to early retirements and severance payments; however, Halliburton announced on July 22nd that it cut 8% of its North American workforce during the second quarter of 2019.
Hi, I really appreciate the work your team puts into this podcast each week. I recently completed my MBA capstone project working as a consultant for a business in the oil & gas industry and I have been listening for a few months to help understand industry trends and to learn the language of the industry a little better. It has been very helpful. In doing some research about the industry, one of the topics of conversation that I found interesting was around projections for oil & gas demand. McKinsey makes some projections around oil & gas demand saying that they will each reach peak demand around 2035 and then begin to be displaced by renewable energy sources such as solar and wind. I have heard both opinions where some think electric vehicles will be adopted quicker and we will see peak demand in 2025 and others think it will be much longer before we hit peak demand. I was curious to hear your opinions on these projections. See reference: www.mckinsey.com
In show 176 you spoke about hydrogen fuel cell vehicles. Also mentioned was the emissions from these vehicles is water vapor. Knowing that greenhouse gasses are 95ish% water vapor, could one argue that hydrogen fuel cell vehicles could potentially harm the environment? At the least should we study this before society jumps on this bandwagon?
Have you heard of the Pilot Thomas project SafeArm? If so how do you think this will grow in the oil and gas market? I also think this would be a interesting topic on an episode of the podcast
Not really a question, was listening to the podcast today and y’all mentioned that there are no schools that offer subsea engineering degrees. Well I’m actually a Master’s student at Texas A&M in our new Subsea Engineering program and just wanted to correct the comments about the lack of subsea engineering degrees! Big fan of the podcast
Hunger note an magnificent reward retire from in regard to owing the treatment of the deliberation you. oilandgasthisweek.com http://bit.ly/2NN8ooH
Hi Mark/Jake, I am an active listener of your podcasts and an O&G professional myself. I was a wireline engineer at Baker Hughes and am an MBA from Rice University. In today’s episode, you guys talked about the lack of engineers/talent in the industry and the potential short supply in the future.
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