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.
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Pioneering technology expert tells ADIPEC Energy Dialogue up to 80 per cent of plant shutdowns could be mitigated through combination of advanced electrification, automation and digitalisation technologies
Greater use of renewables in power management processes offers oil and gas companies opportunities to create efficiencies, sustainability and affordability when modernising equipment, or planning new CAPEX projects
Abu Dhabi, UAE – XX August 2020 – Leveraging the synergies created by the convergence of electrification, automation and digitalisation, can create significant cost savings for oil and gas companies when making both operational and capital investment decisions, according to Dr Peter Terwiesch, President of Industrial Automation at ABB, a Swiss-Swedish multinational company, operating mainly in robotics, power, heavy electrical equipment, and automation technology areas.
Participating in the latest ADIPEC Energy Dialogue, Dr Terwiesch said up to 80 per cent of energy industry plant shutdowns, caused by human error, or rotating machinery or power outages, could be mitigated through a combination of electrification, automation and digitalisation.
“Savings are clearly possible not only on the operation side but also, using the same synergies between dimensions, you can bring down the cost schedule and risk of capital investment, especially in a time when making projects work economically is harder,” explained Dr Terwiesch.
A pioneering technology leader, who works closely with utility, industry, transportation and infrastructure customers, Dr Terwiesch said despite the increasing investment by oil and gas companies in renewables and the growing use of renewables to generate electricity, both for individual and industrial uses, hydrocarbons will continue to have an important role in creating energy, in the short to medium term.
“If you look at the energy density constraints, clearly electricity is gaining share but electricity is not the source of energy; it is a conduit of energy. The energy has to come from somewhere and that can be hydrocarbons, or nuclear, or renewables.” he said.
Nevertheless, he added, the greater use of renewables to generate electricity offers oil and gas companies the option of integrating a higher share of renewables into power management processes to create efficiencies, sustainability and affordability when modernising equipment, or planning new CAPEX projects.
The ADIPEC Energy Dialogue is a series of online thought leadership events created by dmg events, organisers of the annual Abu Dhabi International Exhibition and Conference. Featuring key stakeholders and decision-makers in the oil and gas industry, the dialogues focus on how the industry is evolving and transforming in response to the rapidly changing energy market.
With this year’s in person ADIPEC exhibition and conference postponed to November 2021, the ADIPEC Energy Dialogue, along with insightful webinars, podcasts and on line panels continue to connect the oil and gas industry, with the challenges and opportunities shaping energy markets in the run up to, and following, a planned three-day live stream virtual ADIPEC conference taking place from November 9-11.
An industry first of its kind, the online conference will bring together energy leaders, ministers and global oil and gas CEOs to assess the collective measures the industry needs to put in place to fast-track recovery, post COVID-19.
To watch the full ADIPEC Energy Dialogue series go to: https://www.youtube.com/watch?v=QZzUd32n3_s&t=6s
Utility-scale battery storage systems are increasingly being installed in the United States. In 2010, the United States had seven operational battery storage systems, which accounted for 59 megawatts (MW) of power capacity (the maximum amount of power output a battery can provide in any instant) and 21 megawatthours (MWh) of energy capacity (the total amount of energy that can be stored or discharged by a battery). By the end of 2018, the United States had 125 operational battery storage systems, providing a total of 869 MW of installed power capacity and 1,236 MWh of energy capacity.
Battery storage systems store electricity produced by generators or pulled directly from the electrical grid, and they redistribute the power later as needed. These systems have a wide variety of applications, including integrating renewables into the grid, peak shaving, frequency regulation, and providing backup power.
Most utility-scale battery storage capacity is installed in regions covered by independent system operators (ISOs) or regional transmission organizations (RTOs). Historically, most battery systems are in the PJM Interconnection (PJM), which manages the power grid in 13 eastern and Midwestern states as well as the District of Columbia, and in the California Independent System Operator (CAISO). Together, PJM and CAISO accounted for 55% of the total battery storage power capacity built between 2010 and 2018. However, in 2018, more than 58% (130 MW) of new storage power capacity additions, representing 69% (337 MWh) of energy capacity additions, were installed in states outside of those areas.
In 2018, many regions outside of CAISO and PJM began adding greater amounts of battery storage capacity to their power grids, including Alaska and Hawaii, the Electric Reliability Council of Texas (ERCOT), and the Midcontinent Independent System Operator (MISO). Many of the additions were the result of procurement requirements, financial incentives, and long-term planning mechanisms that promote the use of energy storage in the respective states. Alaska and Hawaii, which have isolated power grids, are expanding battery storage capacity to increase grid reliability and reduce dependence on expensive fossil fuel imports.
Source: U.S. Energy Information Administration, Form EIA-860, Annual Electric Generator Report
Note: The cost range represents cost data elements from the 25th to 75th percentiles for each year of reported cost data.
Average costs per unit of energy capacity decreased 61% between 2015 and 2017, dropping from $2,153 per kilowatthour (kWh) to $834 per kWh. The large decrease in cost makes battery storage more economical, helping accelerate capacity growth. Affordable battery storage also plays an important role in the continued integration of storage with intermittent renewable electricity sources such as wind and solar.
Additional information on these topics is available in the U.S. Energy Information Administration’s (EIA) recently updated Battery Storage in the United States: An Update on Market Trends. This report explores trends in battery storage capacity additions and describes the current state of the market, including information on applications, cost, market and policy drivers, and future project developments.