What to Watch out for in Petroleum Engineering This Year
January 14th, 2015With 2015 now upon us, the coming year looks to be an interesting period in the world of petroleum engineering. With oil prices at a nearly historic low, there will undoubtedly be some challenges in the industry, but engineers working in this discipline still get the opportunity to leverage innovations that make their jobs interesting.
Let’s take a closer look at what changes the petroleum engineering industry can expect in 2015 and beyond.
Expect the Oil Industry to Rebound
While the oil industry doldrums have some potential students questioning a petroleum engineering program, experts expect things to turn around by the time those students earn their degrees. Dr. Jon Olson, a professor at the University of Texas’s Department of Petroleum and Geosystems Engineering, commented on how the industry reacts to low oil prices.
“Usually the service companies are the first to react because they’re the ones specifically doing the well work out at the fields. Those smaller companies are going to be retracting what they’re doing, at least staying away from high cost operations,” said Olson. Concerning potential petroleum engineering students he remarked: “four years from now, it will probably be totally different.” In short, expect things to improve.
Cavitation Technology Innovations Improve Petroleum-based Product Production
Cavitation technology is a new technique used in the production of petroleum-based fuels that leverages high-shear forces to provide superior mixing and thermal-heat generation. ExxonMobil Research and Engineering (EMRE) is developing the technology jointly with Arisdyne Systems.
“EMRE and Arisdyne are combining our strengths in petroleum processing technology to produce an industry-leading cavitation process to address today’s challenges across our Upstream, Downstream, and Chemicals business lines,” said Vijay Swarup, Vice President Research and Development at EMRE. “We are optimistic that this technology will make an important contribution to improve today’s global petroleum processing.”
So even in an oil industry downturn, the innovative work of the petroleum engineer continues unabated. If you are interested in exploring this lucrative field more closely, talk to the experts at The Talley Group. As one of the top Seattle engineering staffing agencies, we remain a great source for jobs and career insights. Schedule some time with us today!