PRAMOD KULKARNI, Editor HOUSTON – Due to the public perception of the oil and gas as a dying fossil fuel industry, oilfield technology expertise may eventually shift toward the Eastern hemisphere, where people embrace participation in the oil and gas industry with enthusiasm, according British Gas (BG) CEO Andrew Gould, former CEO of oilfield technology giant, Schlumberger.
“I know many do not like to hear me saying this,” Gould prefaced. “But when we recruit at U.S. and European universities, graduating students think of oil and gas as a fossil fuel industry that is dying.On the other hand, graduates at universities in the Middle East and Asia are enthusiastic about the prospects of working to advance oilfield technology.”
Gould was one of the keynote speakers at the IIT 2013 Global Conference held December 6-8 at the Hilton Americas conference center for the first time here. In his speech, Gould outlined the challenges facing the oil and gas industry, including the concentration of exploration frontiers with the national oil companies and the shifting of oilfield technology research from the majors to the large service companies.
The Indian Institute of Technology (IIT) is the premier engineering university in India with campuses in 16 urban centers of India, including New Delhi, Mumbai and Madras. Since 1955, IIT has passed 170,000 graduates, who are working in technology-focused industries throughout the world.
More than 1,600 people, most of whom were IIT graduates, attended the Houston conference December 6-8. Organized under the theme of “Inspiring Innovation for Tomorrow”, the conference program featured sessions on sustainability, technology, education, energy and life sciences (STEEL).