Hui Shan

Job Steward at NrgEdge. If you are an Energy Professional (Oil, Gas, Energy) contact me for opportunities
Last Updated: September 28, 2018
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Human Resources
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The Oil and Gas industry is at crossroads today owing to the impact of technological advancements. The energy industry has seen a surge in technological advancements, which is disrupting the traditional style of working. Automation is replacing workers on a large scale and productivity is increasing manifolds. As a result, new job roles have emerged that require more human-machine interaction and operation.

To conceptualize, manage, and handle the new upcoming projects and reviving the existing ones, every company will require highly ingenious and professional experts who can drive innovation and productivity and hence the role of recruiters has taken the center spot and is the most significant function.

To attract the right talent at the right spot, it is important to have a right recruitment strategy in place. Here are the recruitment trends you can make use of to hire successful candidates:

1. Look within your system- Internal Recruitment

As a recruiter, the first source of hiring potential candidates can be the existing employees. Look for the potential candidates who can be promoted to fill the requirements. You can also shortlist candidates who can be trained and upskilled to the positions available. You can opt for transferring candidates within or outside the department they are currently operating in. Upskilling in the oil and gas industry can be accomplished via on-job training program, or specific programs intended for different roles.

2. Conduct an employee referral program

Launch an employee referral program where the existing employees can refer to a high potential candidate for the job requirements in the company. Link the program with monetary or social incentives to increase participation. This will considerably reduce the hiring cost and time for recruiters and will provide them with a bigger and better talent pool. However, make sure you monitor the effectiveness of the referral program by analyzing the cost of referral program vis-à-vis the other recruitment channels.

3. Track outsourcing opportunities

Analyze the job functions that can be outsourced to a vendor to save cost, time, and effort. For instance, for work requirement in the overseas market, analyze the cost of recruitment and transfer of full-time employees vis-à-vis the cost of outsourcing the project to another vendor. Include the indirect cost like management, training, and infrastructure to ascertain the total cost of hiring versus outsourcing. In most cases, outsourcing will be a cheaper and better alternative and thus the recruiters can look for outsourcing certain tasks like rig workers, technicians, maintenance staff at the offshore project.

4. Recruitment drive at educational institutions

University recruitment has many benefits. A large number of potential candidates are available in one spot, as they are freshers they can easily adapt to the company culture and over the period can become an asset to the organization. You can sign a formal collaboration with the educational institution so that the talent is readily available. Additionally, you can design a course curriculum or workshop for providing practical training to students before hiring for a specific job role. This will improve the perception of the oil and gas industry in the minds of the young talents and will prepare them to perform highly skilled technical work after joining.

5. Seek help from recruitment specialists

Recruitment agencies have a database of the prospects with different skill sets, experience, and expertise. They even perform a background check and might provide you a better fit at a reasonable cost. Some recruitment specialists know the oil and gas industry well and can look for candidates in other industries who can be an ideal match. This approach is especially suited for hiring in senior positions or to fill up the vacancy for highly technical or proficient staff who are rare in the oil and gas industry.

6. Connect to Online Job Boards

Job boards are an online platform where you can post your job requirement and advertise your company. There are two types of job boards, one which is generic and has the job listings from all the industries and the other that has a specific job listing for oil and gas industry. We suggest tapping both the options with more focus on the dedicated oil and gas job boards like NrgEdge. This will help you in hiring the potential candidates who are willing to work in the energy sector.

7. Use Social Media

Social media has become business-oriented and there are dedicated social media sites that focus on professional networking like LinkedIn. Additionally, Facebook and Twitter are also being used for professional purposes. You can use a social media post to publish your job openings. There are companies who have already adopted social media into their recruitment process, for example, ExxonMobil launched #BeAnEngineer campaign to attract engineers and highlight opportunities for the STEM. It also highlighted the stories of engineers from the field. Even Shell recruitment team accepted that they are using social media for hiring talented workforce and it is proving beneficial for them.

Additionally, you can manage the database of prospects via ERP or SAP system so that when you have a requirement, you can refer your internal system to choose the right candidate. As a recruiter, stay aware of the changing needs and expectation of the new workforce. Learn what keeps them motivated and how you can hire and retain the right talent. Make sure you draft the job benefits/perks in a way that highlights the key expectations of the prospects.

 If you feel the entire hiring process looks cumbersome, you can connect with us for any recruitment related assistance.

Recruitment in Oil and Gas Internal Recruitment Online Job Boards Recruitment Specialists Employee Referral
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September, 21 2019
Your Weekly Update: 16 - 20 September 2019

Market Watch  

Headline crude prices for the week beginning 16 September 2019 – Brent: US$69/b; WTI: US$63/b

  • Global crude oil prices surged at the start of the week as news that a successful drone strike on the Abqaiq processing plant and the Khurais oil field in Saudi Arabia took out over half of the Kingdom’s crude production capacity
  • Brent prices jumped above US$70/b at one point on fears on global supply disruption, but abated as President Donald Trump authorises the release of US strategic petroleum reserves to cover the market
  • Initial fears that the Saudi Arabian crude output would be crippled for months proved to be extreme, with Saudi Aramco announcing that some 70% of capacity at Abqaiq had been restored within days
  • But more worryingly is that this incident escalates the risk of a full-blown military confrontation with Iran; the US was quick to accuse Iran of the attack, citing data on the attack, which was denied by Iran
  • Yemen’s Iran-backed Houthi rebels claimed responsibility for the attack, although initial results of a Saudi investigation pointed to the weapons originating from Iran
  • For now, crude oil prices have retreated as the risk of widespread supply disruption abated, but tensions are still high in the region
  • This comes after President Trump signals that he was considering easing sanctions in an apparent thaw in the US-Iran relationship; this opportunity now appears to have evaporated
  • Saudi Arabia’s new oil energy minister, Prince Abdulaziz bin Salman, made a positive impression at the recent OPEC+ meeting, with errant members of the group signalling that they were now ready to adhere to the supply deal
  • In Venezuela, the oil crisis continues as ongoing US sanctions now mean that the country cannot find enough vessels to transport its crude, as shippers fear losing insurance coverage if they transport Venezuelan oil
  • Iran has released the UK-flagged Stena Impero vessel that it had impounded, a lone bright spot in a region now clouded by geopolitical tensions
  • Against this backdrop, the US active rig count recorded yet another fall, losing five oil and seven gas rigs for a net drop of 12 to a new total of 886 rigs
  • With the shock of the Saudi drone attacks abating, crude oil prices are retreating back to their previous range – US$60-63 for Brent and US$56-59/b for WTI – as the impact of global supply was minimised; another attack, however, might cause a more permanent shift in prices


Headlines of the week

Upstream

  • Equinor has received consent from the Norwegian Petroleum Directorate to continue operations at the Tordis and Vigdis fields through 2036 and 2040, respectively, extending the life of the North Sea fields by 34 years
  • BP has announced that it will deploy continuous measurement of methane emissions for all future oil and gas projects in a bid to reduce emissions
  • CNOPC and Niger have agreed to collaborate on a 1,892km pipeline to carry oil from Niger’s Agadem rift basin to port facilities in Benin
  • The South African government is tabling a new law that will allow the state to take a free stake of up to 10% in all new oil and gas ventures, hoping to capitalise on a surge in upstream interest after Total’s Brulpadda discovery

Midstream/Downstream

  • As the IMO deadline for low-sulfur marine fuels approaches, refiners have begun stockpiling supplies of very low-sulfur fuel oil to ensure adequate supply; this includes Japan’s Cosmo Oil that aims to begin supplying VLSFO to the domestic marine market by October 2019
  • IndianOil’s Gujarat refinery stated it ready to produce 12,900 b/d of VLSFO by October while its Haldia refinery will start producing 5,500 b/d of VLSFO by December; this should be adequate to cover the India’s marine fuel demand
  • India is considering selling a stake in BPCL, the country’s second largest refiner, to an international firm to boost competition in downstream fuel retailing that has historically been dominated by state firms
  • Valero Energy and Darling Ingredients are launching the first renewable gasoil plant in Texas, focusing on producing renewable diesel and naphtha
  • In the UK, Essar Oil’s Stanlow refinery aims to increase its diet of US crude from a current 35% to 40%, leveraging on cheaper American oil
  • The after-effects of Russia’s contaminated crude through the Druzhba pipeline continues as Total issues a tender to sell 1.3 million barrels of tainted Ural crude through Rotterdam after failing to process it

Natural Gas/LNG

  • Poland has won a ruling from the EU courts to reduce Russian control over the key EU Opal pipeline that carries Russian gas from the Nord Stream link to Germany, preventing Gazprom from using most of Opal capacity in a bit to increase energy security for Eastern European countries
  • Vitol and Mozambique’s state player ENH have set up a new joint venture in Singapore to capitalise on trading opportunities for LNG, LPG, and condensate
  • Australia’s Liquefied Natural Gas Ltd and Delta Offshore Energy will supply gas from the Magnolia fields to an LNG-to-power project in Bac Lieu, Vietnam
  • Eni’s Baltim South West gas field offshore Egypt has started up production, only 3 years after discovery, producing an initial 100 mscf/d of gas
  • US gas player Sempra is looking to take FID on its Energia Costa Azul LNG project in Mexico’s Baja California region by the end of 2019
  • Egypt has announced that it expects to receive first natural gas from Israel by end-2019 through the East Mediterranean Gas pipeline, with initial supplies of 200 mscf/d that will rise to 500 mscf/d by 2020
  • The Independence floating LNG terminal in Lithuania – built to reduce the Baltic region’s dependence on Russian gas – is set to receive its first-ever cargo from Siberia, likely from Novatek’s LNG projects in Yamal
September, 20 2019
Financial Review: Second-Quarter 2019
Key findings
  • Brent crude oil daily average prices were 9% lower in second-quarter 2019 than in second-quarter 2018 and averaged $68 per barrel
  • The 117 companies in this study increased their combined liquids production 4.6% in second-quarter 2019 from second-quarter 2018, and their natural gas production increased 5.0% during the same period
  • Nearly half of the companies were free cash flow positive—that is, they generated more cash from operations than their capital expenditures
  • Dividends plus share repurchases were nearly one-third of cash from operations, slightly lower than the six-year high set in first-quarter 2019

Distributions to shareholders via dividends and share repurchases amounted to nearly 33% of cash from operations


See entire second-quarter review

September, 20 2019