How relevant is a petroleum engineering degree Today.
In the renewables age, it is clear that carbon dioxide emitted by burning fossil fuels is negatively affecting the planet, bringing the future role of oil and gas companies into question. With the demand for oil declining since the mid-2020s, the global primary energy supply set to peak in 2030, and renewable energy sources increasing, what is the future of employment in petroleum engineering? Astonishingly, the demand for fossil fuels continues to rise, especially in the continents of Asia and Africa, with the increase in economic growth and industrial activity. Diesel and gas oil demand is forecast to reach 30 million barrels per day in 2045, up from 26.4 million barrels in 2019, and gasoline demand is forecast to reach 27.4 million barrels by 2045. In a bid to reduce CO2 emissions to secure the planet from climate change effects, advocacy for the replacement of fossil fuels with alternative clean energies, i.e., electrical and renewable energy, is well underway. This has given rise