Hi,

I'm in my final year taking bachelors in petroleum engineering. Have you guys heard of the recent Paris Climate deal?

According to the UN agreement in Paris, the goal is to limit the global temperature rise below 1.5 or 2 degree celsius. This means that a lot of hydrocarbon will remain buried underground if the world is eager to reach this goal. Another sign of desperate action is to urge investors to fund renewable energy technologies to achieve this feat, lowering carbon emissions starting 2030 until phasing out the use of all fossil fuels by 2050.

Our industry is currently facing a downturn due to low oil prices. And this climate deal also poses a challenge to the energy companies.

Do you think there is still bright future for the oil & gas industry? Should I re-think my career path?
What do you think is the future employment outlook for petroleum engineers?


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