From the TWA Editor

  • The energy transition will create many uncertainties for the oil and gas industry. However, the world will continue to need energy from a range of sources to meet growing demand—a challenge that petroleum engineers are well-prepared to tackle.
  • Historically, recessions have had significant, long-lasting impacts on oil demand and prices. While a recession appears unlikely in the near term, growth is slowing, and the outlook for many economies is uncertain. Oil and gas producers need to prepare for a potential downturn by focusing on managing drilling inventory and controlling costs by streamlining supply chai…
  • The TWA Energy Influencers are a selection of outstanding young professionals in the oil and gas industry whose work positively influences and inspires others.
  • Over the next 30 years, the world will continue to consume fossil fuels even as consumers and industries transition to lower-carbon energy. Offshore oil and gas will be instrumental to the energy transition because of its relatively lower-carbon intensity and competitive economics.
  • As the global economy continues to grow, carbon emissions are also projected to rise. While large-scale geothermal, nuclear, solar, and wind deployment as well as increased electrification could blunt emissions growth, net-negative carbon technologies will be needed to reach the United Nation’s two-degree target. That will require massive investment in carbon capture,…
  • To turn the spotlight on young professionals' contributions to oil and gas the industry, the TWA Editorial Committee is accepting nominations for "TWA Energy Influencers 2022: Young Professionals Who ENERGIZE Our Industry.”
  • While Russia’s invasion of Ukraine has caused rapidly rising oil prices, market fundamentals will remain tight through the short-to-medium term. Absent a rapid increase in US shale investment and OPEC opening up the taps, that means prices could remain stubbornly higher than they have been seen since the 2014 crash.
  • To turn the spotlight on YPs' contributions to the industry, the TWA Editorial Committee is accepting nominations for "TWA Energy Influencers 2022: Young Professionals Who ENERGIZE Our Industry.”
  • Following the 2014 oil price crash, the industry focused on capital discipline, leading to the “Great Moderation.” After almost 8 years of companies cutting costs rather than growing production, renewed optimism in the industry is set to drive capital spend upwards.
  • The world is not running out of gas. At almost 400 bcfd, global production exceeded consumption in 2021. The problem is seasonality and geography. Both of these challenges can be addressed through infrastructure investment.
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