It’s been just over a year since we confronted coronavirus, which impacted all Americans and placed a stranglehold on the U.S. economy. The energy industry stepped up to combat the pandemic by donating more $100 million, according to the American Petroleum Institute (API). Latinos were often first responders, whether as nurses and doctors, or essential workers in other sectors that kept the economy going. Companies like Phillips 66 and BP provided supplies such as personal protective equipment (PPE), to support their efforts and offered support in other critical areas to lend a helping … Read More >>
The chorus is growing louder: in addition to halting the increases in coronavirus cases, we need an energy stimulus package focused on rebuilding the economy. Job creation and infrastructure development will be key.
With unemployment filings reaching nearly 10 million, it is clear we are in the midst of an economic calamity leading to significant business closures and further job losses, despite the stimulus packages enacted by Congress to date. We need to create new jobs, protect the livelihoods of American people and ensure the future resilience of our economy
It has been a little over one month since President Biden officially announced a moratorium of new leases for oil and gas development on federal lands, and New Mexicans are already starting to feel the impact.
Our state, which is over one-third federal land, has uniquely benefitted from the ability of the energy industry to develop oil and gas resources on lands administered by the Bureau of Land Management. Last year alone proceeds to New Mexico from drilling on federal land totaled $707 million – the most of any state in the country – and accounted … Read More >>
Connection becomes critical as demographics shift in the energy industry.
Monday, I’ll be joined by three colleagues from Phillips 66 on an Oklahoma State University panel to address our experiences as Black professionals in oil and gas. We’ll talk about industry efforts to create opportunities for underrepresented minorities, especially at the senior levels.
But we’ll also talk about why it’s so important to keep talking — with each other, with people who look like us and agree with us, with people who don’t, and with anyone and everyone who has a stake in our industry’s future.
The energy industry faces no shortage of challenges as the world emerges from the coronavirus pandemic.
From falling petroleum demand to increasing pressure to reduce greenhouse gas emissions to the rapid growth of renewables, energy companies of all sorts are contending with new demands and shifting business conditions. And they are turning to a new tool to help them adjust to the brave new world: artificial intelligence.
The technology is helping producers tap oil and gas wells more efficiently, pipeline companies identify leaks, and power grids integrate wind and solar energy with batteries and traditional generators. Artificial … Read More >>
by R. Dean Foreman, Ph.D., Chief Economist, American Petroleum Institute
Most people are concerned when energy costs rise, especially prices at the pump. It’s understandable since the average household spent nearly $4,100 on energy in 2019, per the U.S. Bureau of Labor Statistics’ (BLS) Consumer Expenditure Survey.
For more than a decade, expanded U.S. energy production helped lower energy costs, giving consumers more disposable income to afford other essentials like food, education and healthcare, which rose by 27%, 38% and 75%, respectively, according to the Bureau of Labor Statistics (BLS).
However, with U.S. natural gas and oil production down … Read More >>
While global demand for energy is on the rise, so is the need for delivering energy in new ways, with few emissions. Overcoming this dual challenge requires a spirit of invention and purpose as well as strong science, technology, engineering and math) STEM skills, now and in the future.To help build a pipeline of globally ready STEM professionals, BP America partnered with AFS Intercultural Programs to create and deliver the BP Global STEM Academies. The Academies is a study-abroad program which provides 100 scholarships to participate in a life-changing educational experience. It is available to high school-age … Read More >>
As a part of my series about “Lessons From Inspirational Women in STEM and Tech”, I had the pleasure of interviewing Fiona Odeyomi.
Fiona is a Senior Process Engineer at Shell Oil Company. With over a decade of experience with the company, her responsibilities include supporting producing assets in Upstream Deep Water with a primary focus on the Gulf of Mexico (GoM), and the Brazil Shell Operated Ventures (SOV) and Non-Operated Ventures (NOV). She oversees the delivery of process engineering solutions to the operating assets that directly impact process safety, reliability and production optimization, in addition to … Read More >>