A bright future for the gas industry

While many feel oil and gas is on the way out, the low cost and highly reliable source of power is essential for the world’s electricity demands.

With the world filled with discussions on green technology, many believe fossil fuels have met their match. However, one of the world’s top insight firms has forecast a bright future for the gas and oil industry.

For those with oil and gas training, this means that there could be an abundance of jobs in the future for those qualified to attain them.

Oil and gas training can offer you a bright future.

Renewables gets a reality-check

With the growth of renewables, many have forgot just how important oil and gas are to the world economy and also to the lives of everyday people.

According to research from the McKinsey & Company, even after renewables growth peaks, it will only make up only 17 per cent of global energy generation by 2040. This is because many fossil fuels will continue to be low-cost and durable sources of electricity.

When it comes to the oil industry, the forecasts are also uplifting. As the years roll on, shale production will begin to realign the oil industry.

For those with IADC certification, the outlook should reinforce the durability that characterises the oil and gas industry.

Oil and gas driving people forward

The report also highlights many of the advantages that the energy industry, propped up by oil and gas, has brought to people around the world. One of the positive trends it outlined was the volume of people who have access to electricity has risen considerably over the years.

Beginning in 1990, access to electricity in China has nearly become universal, while India has improved by 25 percentage points. Getting more power to as many people as possible is necessity, not just for convenience but because it can drive up the standard of living through economic development and healthcare.

Electricity is essential for the well-being of people.
Electricity is essential for the well-being of people.

Additionally, oil and gas developments lead to a number of different benefits for people in terms of employment opportunities. For instance, Queensland has recently begun work on its Bundaberg Port Gas Pipeline, valued at close to $20 million.

Minister for State Development and Minister for Natural Resources and Mines Dr Anthony Lynham argued that the pipeline will lead to the development of a number of jobs.

“The project represents a significant investment in the region, with a total of 45 jobs created during construction,” he said.

However, to properly capitalise on the long-term sustainability of the oil and gas industry, it is important to be trained in the right qualifications. If you would like to learn more, talk to the experts at Harness Training today.