Word: geologists
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...dismiss it as rocks for jocks. With oil companies desperately searching for new sources of crude and prices above $65 per bbl., now is a good time to know your limestone. Petroleum geologists study the earth's surface and subsurface to help predict the chances of striking oil. Over the past year, the average annual salary for a geologist with three to five years' experience has climbed 11%, to $75,600, reports executive- search firm MLA Resources. Across the board, salaries are up 8%. Also, demographics are driving demand; the average age of a petroleum geologist is 49. Bob Goldstein...
Although the industry is becoming more digitized, geology still has face-to-face--or face-to-rock--elements: when searching for new frontiers, explorers gather rocks in the field and run chemical tests to determine whether they once held oil; geologists may examine rock shavings on a rig to make sure drillers are hitting the right spot. "When someone spends $10,000 drilling the location you've scouted and makes a well, there's nothing more satisfying than that 'Attagirl' from investors," says Deborah Sacrey, a Houston-based geologist with her own company, Auburn Energy. "It's a huge sigh...
...swampy, semitropical wilderness in southern Florida called the Everglades lies in a peculiar bowl-shaped depression that was bound to arouse the curiosity of geologists. They concluded years ago that the distinctive cavity was probably formed over many aeons as ground water slowly dissolved a surface layer of limestone. Now Geologist Edward J. Petuch, 36, of Florida International University in Miami, has another idea. In a report to the Geological Society of America's national convention in Orlando, he suggested that the Everglades are the mud-filled remains of an impact crater left by an asteroid that struck the earth...
Tatneft signed a 2001 deal with Sudan’s energy ministry to explore oil fields in the central region of the country. The company’s chief geologist said in 2003 that he is “not enthusiastic about opportunities in Sudan.” That same year, Tatneft rebuffed an offer to join a cooperative oil producing venture with the Sudanese government...
...flags, experts were unable to pinpoint when the big boom would come, or even if it would. Lacking that precision, Colombia, perhaps reluctant to disrupt the lives of residents with a false alarm, was unable to act in time. In a heavily populated area, says Gail Mahood, a geologist at Stanford University in California, "if you make a prediction and you're wrong, you could cost billions of dollars to an economy...