Today’s guest blog from Dominic Morris, Director – Global Energy Business at Twenty Recruitment
There were few industries that weren’t hit by the economic crisis, with the energy sector being no exception. Even the big players weren’t immune, and projects have ended abruptly due to investment problems. However, the past year or so has seen improvements in the market. Business confidence has risen and the dominating companies in the sector are expanding and implementing new projects.
And it isn’t only the large businesses that are doing well. More startups are appearing on the scene, commonly breaking the geographies that main players haven’t looked at before.
So what does this mean for you as a candidate? With an increased number of companies in the market, there’s a war for talent. Startups recognise that, to be successful, they need to have the right team in place. As such, they’re competing with both peers and established companies for individuals with the right skills, qualifications and knowledge, who are able to adapt in a changing landscape. This means that there are rich pickings for top professionals.
Perhaps the main benefit of working for a startup is the flexibility. There isn’t as much of a focus on salary bands and job categories as in larger organisations, so they can afford to build the job around you, increasing salaries and bonus packages in some cases.
But it isn’t only about the money. When you’re looking for your next position, you are likely to want access to new opportunities. Startups are being more adventurous than some of the bigger players and, to find their niche, they’re moving into new areas that perhaps haven’t been explored before. The result is that you’ll have the chance to work in different geographies, enhancing skills and experiences, which will make you much more employable.
On top of this, development opportunities are important to consider when looking for a new role so that you can keep up-to-date and enhance career progression. This is arguably easier in a larger organisation as they have access to greater resources and internal teams. However, many of the best startups are outsourcing training to compete. And, the benefit that startups do have is that they’re smaller, making it easier for you to get the support and advice you need. In addition, a new employee is typically given greater responsibility early on so you can learn on the job from the beginning.
With more startups now on the scene, oil and gas has become increasingly competitive and top talent is in high demand. If you have the right skills, companies are prepared to fight for you by offering great benefits, so it’s a win-win situation. The only challenge you may have is leaving your current role as many employers have increased the length of notice periods. And of course, when faced with a choice of companies to work for, deciding which one you’d prefer may be difficult!
Dominic Morris, Director – Global Energy Business at Twenty Recruitment
Category: Careers Advice, Job News, Recruiter News
This guest post is from Paul McIntyre who is the VP of Human Resources for BP. Paul discusses why now is the time to be involved in upstream projects.
Conservative estimates are that global energy demand will grow by 36% between 2011 and 2030.
How this demand will be met is a continuous and shifting paradigm that is being confronted head on by the largest energy companies, governments, universities and innovative individuals, side by side.
Population and income growth are the two factors that will underpin growing energy consumption over the next decades. By 2040 it is estimated that the world population will have increased by an additional two billion people, meaning more energy demand from business, more infrastructure requirements and increased urbanisation, leading to rising electricity needs for homes and buildings. World income is expected to be roughly double the 2011 level in real terms. Almost all of this growth will take place in non-OECD countries, with increasing prosperity in China, Brazil and Russia leading this charge. The result is that oil demand in non-OECD countries will overtake that of its counterparts by the end of this year, something we would never have predicted 10 years ago.
What does all of this mean for BP and its strategy regards the upstream sector? Over the past couple of years there has been a shift in focus by the company, with a decision reached to move away from barrel production, by focusing on the value of the oil produced rather than simple quantities. We believe that the future is with the high-margin projects; thus there has been a divesting of late-life and limited-growth assets that are less valuable in the long run to the company. BP has committed up to 80% of group capital expenditure over the next decade to the upstream sector.
In order to maximise the upstream opportunities, we need to expand our workforce; we are aiming to nearly double the number of high-achieving science, engineering and business graduates brought into the BP organisation in the next two years. As the industry changes, the technology required becomes more vital as does the need for the very best talent.
BP had six new upstream projects alone that came into production in 2012, and the company plans to bring another nine projects online by 2014. This is an exciting time to be working in the upstream division of BP, with projects located all over the world. We have major exploration positions in Azerbaijan, Brazil, India, Australia and Angola, amongst many others, and we have teams that are constantly searching for new basins around the globe.
BP is also involved with mega projects, each greater than around $10 billion gross investment. In December of last year, BP’s PSVM project in Angola, the largest subsea development in the world, started production, producing more than 3,500,000 barrels in the first two months. In Azerbaijan, the company’s Chirag Oil Project is expected to start production this year. These projects are just two examples of BP’s investment in higher-return opportunities, located in what are widely accepted to be fast-growing oil provinces, and where we are continuing to build our presence.
It is not only mega-projects where we are creating opportunities; we are also seeing the so-called “shale revolution” slowly changing the face of the global energy industry. With the development of different types of unconventional oil and gas, particularly in the USA, the world’s leading energy companies are striving to develop these resources by utilising technological advancements. As these take place, access and exploitation of once hard-to-produce energy sources is expanding.
It really is an exciting time to be involved in upstream sector of the energy industry, and will be for decades to come.
Are you currently involved in the upstream sector? Let us know your thoughts!
Category: Careers Advice, Job News, Recruiter News
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We look forward to hearing from you.