ECONOMICS, TECHNOLOGY RULE PETROLEUM ENGINEERS' FUTURE

03/28/1994
A.D. KoenSenior EditorNews Economic priorities and technological advances are changing forever the employment picture for petroleum engineers (PEs). Flat demand and ample supplies are blunting world oil prices, shrinking margins and heightening competition on gas and petroleum product markets. Oil and gas companies around the world are trying to become more competitive by downsizing, reorganizing, and applying new technology upstream and downstream. Success, more than ever, is being defined in economic terms. In the prevailing economic tumult, only the best exploration and development projects are attracting capital....
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