Good morning, this is the Oil Patch. We help you wade through all the virtue-signaling out there.

Here's what the Oilman has for you today:

• Pro-Ukrainian Group Blamed for Nord Stream Pipeline Bombings

• Alaskan LNG vs. Russian Arctic LNG

• Help Wanted: Powering the Modern World

• Tweet of the Day

Pro-Ukrainian Group Blamed for Nord Stream Pipeline Bombings

Recent intelligence reviewed by US government officials suggests that a pro-Ukrainian group was responsible for the Nord Stream pipeline bombings last year, according to a report by the New York Times.

This contradicts earlier claims made by US investigative journalist Seymour Hersch, who alleged that the US government, with assistance from Norway, had carried out the sabotage.

Ukraine Denied the Claims

The new intelligence reviewed by US officials suggests that Ukrainians and/or Russians were most likely involved in the attack. 

Wait. What? Ukrainians or Russians?

Still many think the US did it:

But according to the NYT report, there was no evidence of American or British involvement.

International finger-pointing continues, and as far as Nord Stream goes, there are still more questions than final answers.

Alaskan LNG vs. Russian Arctic LNG

Qilak LNG plans to invest $5 billion in an LNG facility in Alaska's North Slope.

The reason?

 Compete with Russia's Yamal project for Asian customers. 

The Alaskan project is 2,000 nautical miles closer…

…to Asian markets than the Russian-Arctic-based Yamal LNG. 

With major LNG importers such as Japan, South Korea, and Taiwan rethinking Russian supplies due to international sanctions on Moscow, why not purchase LNG that’s a little closer to home?.

The project's CEO, Mead Treadwell, believes that the project could open up a new province of supply for LNG and diversify Arctic gas supplies away from Russia.

Aiming to ship twice as fast

Qilak LNG aims to ship LNG to Asia in 14 days, which is about twice as fast as shipments from the U.S. Gulf Coast.

The project will focus on the northeast Asian market, but potential buyers beyond northeast Asia are also being considered as potential markets.

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Help Wanted: Powering the Modern World

The oil and gas industry faces a potential challenge in the coming years due to a shortage of young people entering the workforce.

The industry is experiencing a 20 percent decrease in the workforce over the past six years, with not enough young adults entering the industry.

The oil and gas industry is currently regarded as the most unappealing sector globally, with up to 58 percent of millennials avoiding the industry.

The number of Petroleum Engineering graduates has dropped by 83 percent over the past five years, and several universities have eliminated their oil and gas engineering majors.

Renewable energy is the next big thing for millennials

Young adults are more interested in renewable energy since it is the new “big thing.”

Oil and gas companies will face hiring issues in the future since many people currently in the industry want to leave.

How can the industry get more millennials interested? 

By being awesome and not apologizing for it. Hydrocarbons are the lifeblood of modern society, providing essential benefits such as swift transportation, powering vehicles, airplanes, and ships, moving people and goods with speed.

Oil and gas also bring electricity to our homes and businesses, serving as raw materials for manufacturing, and providing essential heating and cooling for buildings.

With their vast energy potential, oil and gas bring with them ample employment opportunities and economic growth.

By emphasizing the great good hydrocarbons provide for people, the industry can attract competent young workers while promoting itself as a dynamic and innovative sector with promising careers.

Around the Digital Patch

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Tweet of the Day

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