Editor in Chief, Certification Engineer, TechnipFMC, WPC YPC Representative, Russia
Editor in Chief, Market Analyst, Inter Pipeline, WPC Canada Member, Canada
In a countless number of ways, 2020 brought unprecedented changes across the world and will leave lasting effects to be felt for generations to come. As a result of the global pandemic, people were forced to quickly rebalance work and life, adapt how they consume goods and services, and fundamentally change their willingness and abilities to travel. With so many simultaneous disruptions to our daily lives, energy systems, and specifically the petroleum industry, experienced extraordinary disruptions over this past year – including the postponement of the 23rd World Petroleum Congress in Houston to 2021.
The petroleum industry may have faced sudden and significant shockwaves in 2020, but it continues to demonstrate its innovative and resilient spirit. As the global energy system transforms, it remains critical for the petroleum industry and its future workforce to heed sustainability concerns and remain competitive while diversifying its product slate. With ever-increasing scrutiny related to environmental, social, and governance standards, the industry must continue to advance its innovative spirit and attract the brightest talent to overcome existential challenges.
If the recent pandemic has shown us anything, though, it is that the oil and gas industry has yet again proven its ability to adapt and remain resilient through challenging times. Our WPC Young Professional Committee (YPC) was no exception to this new reality, which quickly adapted to launch the first online edition of the WPC YPC Magazine this year. As discussed in several of the featured articles, examples of innovative and collaborative solutions highlight the benefits of digitalizing operations to become more efficient, supporting remote workforces with adequate technology, and advocating consistent standards and regulations across the industry to ensure a level playing field.
This year’s magazine was fortunate to hear from many fascinating angles of the oil and gas industry, with a breadth of insights on resiliency and how to emerge from recent challenges for the better - both personally and as an industry. Articles in this edition feature perspectives from current students and young professionals, senior leadership and executives, and those with decades of international experience across the sector.
On behalf of the World Petroleum Council’s Young Professional Magazine editing team, we hope you enjoy this compilation of articles and we look forward to seeing you in Houston next year.
Newsfeed provided by Petroleum Economist
The long-term prospects for the sector may depend on the rate of decline in global oil consumption
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Read more...Pipeline imports and domestic production gains may limit LNG take, but Russia and Central Asia uncertainty could prompt buying activity
Read more...Near-term economic concerns and relative supply strength postpone oil’s recovery narrative
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