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A World Oil Magazine Supplement
Best practices in recruitment and retention are necessary to tackle the "big crew change."
Author Nell Lukosavich
World Oil turns the spotlight on a select group of oilfield companies competing for college graduates and seasoned professionals. Two recently recruited employees relate their practical work experiences in diverse sectors of the upstream industry.
North America, Industry Overview
Beginning in the mid-1980s, the price of crude oil plummeted. International petroleum companies responded by scaling back recruitment and implementing various ways to reduce the workforce through attrition, early retirement and layoffs. Almost immediately, some warned that when the salad days returned for the global petroleum industry, a shortage of skilled personnel was unavoidable.
The oil and gas industry has pretty much fully recovered from the 2009 recession. Everyone learned a great deal from their mistakes, and companies are now ready for the next surge in the industry.
As an industry that never seems to stand still, the upstream oil and gas sector has seen a tremendous amount of growth over the last several years. Given the steady price of oil, as well as advancing technologies to reach resources deeper, hotter, and in locations thought impossible to produce even 10 years ago, it is no surprise that the global industry is clamoring to find new talent.
Author Jill Tennant
Younger and locally based workforces in developing nations will likely take on larger roles in the oil and gas industry. Companies will need knowledge transfer, training initiatives and mentorship programs to help smooth this transition.
Author Wayne Finger
Today’s competition to recruit and retain both skilled and specially trained employees has become a top priority for oil and gas companies, and will continue to do so as demand increases.
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