The U.S. oil and gas industry, rejuvenated by the shale gas boom, is making a deep economic impact not only in the country but around the world. The rapid expansion of activity and business has required oil and gas companies to seek qualified talent to fill a wide range of positions, particularly in engineering roles. However, even as more jobs are created, employers say they face a shortage of talent, an industry expert explained to IMT Career Journal.
Environmental concerns about natural gas production in the U.S. are growing in proportion to the importance of gas in the energy picture. These include issues around water management and wastewater treatment.
The U.S. Energy Information Administration (EIA) says that the country’s production of natural gas will grow by 44 percent from 2011 to 2040 under the agency’s reference scenario. As you can see in the chart below, that increase is driven by shale gas production, which is projected to grow by 113 percent. The current U.S. shale gas boom has highlighted the environmental effects of hydraulic fracturing, or fracking, the primary method that is used to extract gas from shale formations. Fracking involves pumping high-pressure fracturing fluid into shale formations, generating fractures and releasing gas, which flows back to the surface for collection. Read more