For those of you living in the United States, we wanted to share an interesting finding from the U.S. Energy Information Administration (EIA). According to their March energy report, the U.S. is on track to produce more domestic crude oil than it imports from overseas sources by the end of 2013. Furthermore, the report says that when it happens, it will be the first time since February 1995 that domestic crude production has outstripped imports.
According to the report, increased shale oil production in Texas and North Dakota gets the credit for this shift, with some estimates suggesting that domestic sources will be out-producing imports by as much as two million barrels per day by the end of next year. What’s more, monthly U.S. crude production could even reach eight million barrels per day in 2014, highs not seen since 1988.
Here is EIA’s chart showing the long-term trend:
Visit HERE for more on this EIA’s report. What do you think of the report’s findings?
Disclaimer: This blog post, is in no way, a direct reflection of Energy4me or any of it’s constituents. The purpose is to serve simply as a news source of applicable industry news.
Canada is home to many oil and gas resources and an abundance of energy education enthusiasts. Energy4me held teacher workshops in Canada in 2012 and have plans to hold similar type events in 2013!
We came across a pretty cool resource we wanted to share with you: The Energy BOT Squad! Powered by the Centre for Energy, The Energy BOT Squad is 10 BOTS, one for every major energy source in the country. With these members of Canada’s Energy BOT Squad, you can discover how they power your home, your car, your city and your life!
PICK A BOT and learn details about solar, oil, gas, coal, geothermal and more!
This week’s blog is courtesy of ChangetheEquation.org. Do you have students interested in engineering as a career? From a financial perspective, there are many benefits to STEM and pursuing a career in the many engineering disciplines. Read why below.
The median annual earnings of an engineer with a bachelor’s degree are $75,000.
In fact, 8 of the top 10 majors associated with the highest median earnings per year are in engineering:
- Petroleum engineering: $120,000
- Pharmacy sciences and administration: $105,000
- Mathematics and computer science: $98,000
- Aerospace engineering: $87,000
- Chemical engineering: $86,000
- Electrical engineering: $85,000
- Naval architecture and marine engineering: $82,000
- Mechanical engineering: $80,000
- Metallurgical engineering: $80,000
- Mining and mineral engineering: $80,000
Source: Georgetown University Center on Education and the Workforce (2011). New Report on the Economic Value of 171 College Majors Links College Majors to Earnings. [Press release]. Retrieved from http://www9.georgetown.edu/grad/gppi/hpi/cew/pdfs/pressrelease.pdf. See also Carnevale, A.P., Melton, M. and Strohl, J (2011). What’s It Worth? The Economic Value of College Majors. Washington, DC: Georgetown University Center on Education and the Workforce.
Let’s celebrate awesome… and inspirational!
17-23 February 2013 is Engineers Week! Every year, since 2003, members from participating engineering societies nominate colleagues 30 years or younger for consideration as one of the New Faces of Engineering, a highly coveted honor. SPE (Energy4me’s supporting organization) nominated Abhijeet Kulkarni of Shell Denmark.
Kulkarni, 30, is a reservoir engineer whose work is constantly informed by his all rounded approach towards his organization, environment and the future. He is currently involved in a project to enhance oil and gas production from the existing North Sea fields. He is a voluntary member of the Earth Watch team that has studied the impact of climate change in the Arctic. As chairman of SPE Young Professional program, he inspires the youth as he mentors and spreads awareness about engineering.
Click HERE to learn more about Eweek!
The Nico Van Wingen Memorial Graduate Fellowship is an annual fellowship award for SPE members at the Ph.D. level intending to pursue careers in academia. Each university that has an SPE Student Chapter and offers a Ph.D. degree in petroleum engineering may nominate one candidate.
The fellowship namesake, Nico van Wingen, played a major role in the development of oil production technology in the US, Austria, Canada, West Germany, Iran, Turkey, and Venezuela. He was active on many SPE committees and won the Anthony F Lucas Gold Medal and SPE Distinguished Member award in 1985.
In 2013, two outstanding individuals are recipients of the award: Orhun Aydin of Stanford University and Mojtaba Shahri of Tulsa University. Congratulations to them both!
Aydin is a PhD student in the Energy Resources Engineering Department at Stanford University. He has received a Master of Science Degree in Energy Resources Engineering Department at Stanford in 2012. He received his Bachelor of Science at the Middle East Technical University in Turkey. Orhun was awarded the SPE STAR Scholarship during his last year at Middle East Technical University.
Currently, Aydin is a research assistant at the Stanford Center for Reservoir Forecasting (S.C.R.F.), where he works with Professor Caers on model complexity to answer how complex we need to make earth models or reservoir models to make decisions. Outside of his responsibilities as a student researcher, he is also the treasurer of the Stanford Student Chapter of SPE.
Shahri is a PhD student at the University of Tulsa. He received his Bachelor of Science and Master of Science degrees in Petroleum Engineering in 2008 and 2010. He earned the 1st rank in both undergraduate and graduate studies 2008 and 2010 among all the students. Mojtaba also ranked 1st in the University of National Entrance Examination of Graduate Program. Mojtaba has more than twenty publications in different journals and conference related to Petroleum Engineering and also served as technical reviewer in petroleum engineering related journals. He has been awarded as the 2012 Henry Dewitt Smith Fellowship recipient in the world as well.
Shahri is currently conducting research on the coupled fluid flow-geomechanical modeling of reservoirs for predicting reservoir stress path under supervision of Dr. Miska and Dr. Yu at the University of Tulsa Drilling Research Projects (TUDRP).
For more information about the Nico van Wingen Fellowship go here.