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Talent acquisition professionals of today must keep a pulse on the constantly changing landscape of recruitment. 2018 has been the year of reckoning for recruiters as more and more are making use of mobile recruiting. Oil and gas industry is no different, as it is exploring new ways to use e-recruitment technology to up their digitalization game.
To bridge this gap between the talent and the opportunities, it is important to leverage the benefit of e-recruitment and collaborate with recruitment automation via app-based approach.
The Pros
A mobile application simplifies the labor-intensive and time-consuming recruitment task and comes loaded with features that help to automate the recruitment cycle. Here are more pros for the app-based approach to sourcing talent in oil and gas industry:
Saves Time and Cost
App-based recruitment saves a considerable amount of time in the job posting, application storage, screening and shortlisting. A recruiter can maintain the process on-the-go and avoid any delay due to their on-site visits or other travel related activities. This means a definite growth of recruitment productivity as well as avoiding revenue leakages due to open positions.
Improves Quality
Time and cost saving is an obvious outcome of the app-based approach. However, it also aids in the quality of recruitment by reaching out to a wider audience, getting access to a larger database of applicants, shortlisting candidates based on the specific requirement that is crucial for oil and gas sector. Thus, boosting the overall quality of hiring.
Ease of Use
The millennials and GenX are mobile-friendly generations. They get familiar with the applications fast. With the availability to get push-notifications on new job postings for the candidates, it is the ease of application which attracts applicants. Recruiters must ensure the app is user-friendly and intuitive to deliver better results for job search query.
Boosts Engagement
Companies in the oil and gas space have remained on backfoot when it comes to interaction with applicants. However, this sore spot is getting rectified with the mobile-based app. The chatbots allow the recruiters and applicants to communicate using email or messenger. The applicants can directly reach out to recruiters for any queries and concerns, and additionally, the recruiter can notify the candidates about the process of deadlines and on-boarding formalities.
Niche Market Approach
If you are recruiting exclusively for certain profiles, a mobile app can help you connect with potential contacts who are interested in the oil and gas industry. A networking platform like NrgEdge, that is specifically developed for professionals from the energy sector does not let the job postings get lost among requirements from other industries like IT and telecom. This gives you an advantage of promoting your posting in a niche forum.
The Cons
For all the good, app-based approach can do, it still comes under fire from the critics Here are some points of concerns that must be considered before opting for this approach:
AI Cannot Replace the Human Intelligence
Some app-based platforms work on the artificial intelligence, where certain keywords or parameters are fed to shortlist the appropriate candidates. However, oil and gas industry is flexible and more skill-driven which means an applicant with atypical work experience can also be equally qualified for the position. This might be overlooked or rejected by the automated system. Hence human intelligence is still required to choose the right candidate.
System Can Be Tricked
Sometimes, poor selection of keywords by the recruiter can trick the app to highlight or shortlist candidates who are not relevant to the search profile. It might just end up to be a more frustrating process to manually shortlist profiles from a wide pool of mismatched resumes.
Safety Concerns
The web-based application is prone to hacking, virus or other data loss or data stealing which is a major concern for recruiters and professionals alike. In some situations, the company might ask for more information from the candidate apart from the ones mentioned in resume and profile. The candidate might not be comfortable sharing the details over an app leading to the delay in the onboarding process.
There is no doubt that the app-based approach is the future and with the right approach to tackling the loop-holes, like right usage of keywords and proper security settings, it will turn out to be a win-win for both recruiters and candidates. Oil and gas industry can take a step forward by cross-pollinating talents from other industries and an e-recruitment app can be the most crucial tool to achieve that.
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Source: U.S. Energy Information Administration, Short-Term Energy Outlook, October 2018; ClipperData
Note: Liquid fuels production includes crude oil, lease condensate, hydrocarbon gas liquids, biofuels, and refinery processing gain.
Iran's crude oil exports and production have declined since the May 2018 announcement by the United States that it would withdraw from the Joint Comprehensive Plan of Action (JCPOA) and reinstate sanctions against Iran.
The announcement included two wind-down periods to allow those doing business that involved Iran time to comply. On August 6, 2018, the first wind-down period ended and triggered the re-imposition of some sanctions. On November 4, 2018, the second wind-down period will end and trigger the re-imposition of full sanctions, including a number of measures that target Iran’s energy sector.
According to data from ClipperData, Iran's exports of crude oil and condensate peaked in June at about 2.7 million barrels per day (b/d), more than 300,000 b/d higher than the average during the first four months of the year (before the May announcement of sanctions). In September, Iran’s crude oil and condensate exports fell to 1.9 million b/d. Although some countries, such as France and South Korea, stopped importing crude oil and condensate from Iran in July, other countries continue to import from Iran. The United States has not imported crude oil and condensate from Iran in several decades.
Source: U.S. Energy Information Administration, based on ClipperData
ClipperData indicates that China and India collectively received nearly half of Iran's crude oil and condensate exports in the first half of 2018. During this period, China's imports from Iran averaged 644,000 b/d and India's imports from Iran averaged 554,000 b/d. In September, China's imports from Iran dropped to 441,000 b/d, the second lowest level since December 2015, while India's imports from Iran were 576,000 b/d.
Whether Iran's energy exports are declining entirely because of the sanctions or for other reasons is unclear. Trade press reports indicate a willingness on India's part to at least partially comply with the sanctions, but China had continued to import from Iran even when previous sanctions were in effect.
In response to the announcement of sanctions by the United States, the European Union passed a statute to protect European companies doing business in Iran from the effects of U.S. sanctions. Despite this effort, data from ClipperData indicate that France has not imported any crude oil or condensate from Iran since June. In addition, Italy’s and Spain’s imports from Iran in September were 27,000 b/d and 15,000 b/d lower than their averages for the first half of the year. Some countries could continue to import Iran's crude oil and condensate until the November 4 deadline, at which point they might stop importing from Iran.
Iran's exports have fallen at a faster rate than production. Shipping operators have decreased operations with Iran, but Iran has continued to export largely through the state-run National Iranian Tanker Company (NITC) and the Islamic Republic of Iran Shipping Lines. Trade press reports indicate that as countries continue to decrease imports from Iran, some of Iran’s shipping fleet is already being used as floating storage, where crude oil is placed onto ships and stored indefinitely.
Surplus crude oil production capacity in the Organization of the Petroleum Exporting Countries (OPEC) could be used to replace some of Iran's crude oil barrels that are coming off the market. Saudi Arabia’s Arab Light is similar in composition to Iran Light crude oil and may provide refiners with a possible crude oil that would not require refiners to make significant alterations to their crude slates.
In addition, trade press reports indicate that Saudi Arabia is offering sales of Khuff condensate. However, the extent to which Saudi Arabia and other OPEC members offer enough volumes of crude oil and condensate to replace exports from Iran is unclear. After full sanctions are implemented in November, the total volumes of crude oil and condensate coming off the market will become more apparent in the following months.
Rosenberg WorleyParsons has won an engineering, procurement and construction contract from Lundin Norway and partners of PL338 for handling the modification work on the Edvard Grieg platform in the North Sea.
Modifications will enable Edvard Grieg offshore platform to receive and process oil and gas from nearby fields. Work is expected to be complete in the first quarter of 2021.
Based in Australia, WorleyParsons is an engineering services company, while Lundin Norway is an oil and gas company based in Norway.
China National Petroleum Corporation (CNPC) has signed a memorandum of understanding (MoU) with Equinor for the development of sustainable energy projects.
The two companies will work to explore the unconventional gas resources or tight gas in China and will develop oil and gas ventures worldwide.
CNPC is an oil and gas company based in China, while Equinor is a Norway-based petroleum and wind energy company.
KBR’s UK-based subsidiary has secured a front-end engineering design (FEED) services contract from BP for the development of the Tortue field hub / terminal located off the coast of Senegal and Mauritania.
FEED work will assist in the final investment decision (FID) for the project.
The deal also includes a provision to transit the contract to an engineering, procurement and construction management (EPCM) agreement in future.
Based in the US, KBR is an engineering, procurement and construction company.
Saipem has received three offshore engineering and construction (E&C) contracts worth $400m in Azerbaijan, the North Sea and the Republic of Congo.
In Azerbaijan, the Saipem consortium comprising Saipem Contracting Netherlands, Boshelf and Star Gulf has received a subsea, umbilical, riser and flowline contract for Absheron field development.
On behalf of the Tolmount Development Partners, Humberside Gathering System provided a pipeline engineering, procurement, construction and installation contract to Saipem in Southern North Sea for development of the Tolmount Main gasfield.
Eni Congo provided a maintenance, modifications and improvements contract to Saipem for all Eni Congo offshore sites in the Republic of Congo.
Saipem is an oil and gas industry contractor company based in Italy.
Equinor has agreed to sell 77.8% stake in the King Lear gas discovery in the Norwegian Continental Shelf (NCS) for $250m to Aker BP.
The King Lear gas discovery lies in production licences PL 146 and PL 333 of the NCS and is estimated to contain recoverable resources of 77 million barrels of oil equivalent.
Equinor is an energy company, while Aker BP is an oil exploration and development organisation. Both companies are based in Norway.
If you’re looking for a new job in the oil and gas industry, you must ensure that you have the right application letter that opens a window of opportunity. A role in the oil and gas sector is highly specialized, so a regular application letter will not catch the attention of the recruiter. To grab eyeballs, your letter should have all the right ingredients to get you the interview call from the company you have been eyeing. If you are unsure about how to go about it, then here is a detailed guideline:
What is the purpose of the application letter?
An application letter is your first introduction to the company. It must answer the following questions and provide clarity on the same:
In the application letter, do not restate what you’ve covered in the resume. Although, you can give a sneak-peak into your resume by emphasizing your key skills.
How to begin?
Before you begin, remember: Be original. Do not copy and paste the template. Carefully list down the job requirements and note down your achievements and qualifications that match the expectations.
Components/format of a job application
Here is a list of components that you must include in your job application to the oil and gas sector.
The above components will give you a clear idea about the information that you will require to make your application stand out.
Detailed guideline to compose the letter for oil and gas industry
Use a technical CV format
In the oil and gas industry, technical expertise is in high demand. Exploration and production profiles in energy companies require electrical, chemical, mechanical engineering. Now with automation and digitization, IT skills are also in demand. The technical CV format is easily available online and it highlights the relevant technical expertise right at the beginning of the letter format. However, if you don’t find a ready-made format, always include your technical expertise in your cover letter, preferably in the first paragraph itself to highlight your credibility.
Highlight your willingness to travel
Numerous job roles in the oil and gas industry are available in remote locations. The head office is usually in a major city of the developed nation. However, the working centers are in developing nations. Oil and gas recruiters prefer candidates who are willing to work at remote locations and are flexible with traveling. So, highlight relevant experience where you have worked in remote locations. However, if you are a fresher, you may highlight evidence that proves your willingness to travel. You should mention it clearly, that you are internationally mobile and can relocate to any place based on the need.
Commitment to industry and relevant expertise
Oil and gas jobs need a highly qualified, skilled and dedicated workforce. Highlight your work experience that shows your dedication to the industry. Also, highlight your intention to work in this industry in future and your plans to upgrade your skills to stay relevant. Mention any training and development programs that you have been a part of.
Focus and optimize your application
The Oil and gas sector generally has openings in the roles of scientists, engineers, business people/managers, mathematicians, and analysts. Define clearly what job role you are targeting at and what relevant skills you have. Learn about the popular keywords pertaining to your job role and ensure the right usage of keywords in the application.
Show you are future-ready
The oil and gas industry is witnessing many changes due to digitization, automation, social media boost, millennial-workforce entry, big data management, virtual and augmented reality. These changes will impact future job responsibilities and roles. So, highlight your skills that show you are future-ready. Include all new-age skills, relevant experience, certification, training programs that you have undertaken that will boost your chances of selection.
Do not forget to follow-up
Following up after you have mailed your application letter is a must. Be aggressive in your follow-up by stating in your application that you will be following up within a week. However, if the employer has mentioned a process or a timeline for announcement of the shortlisted candidate, then mention ‘you look forward to their response.’ Please make sure you specify clearly how to reach you.
The oil and gas industry has numerous job opportunities if you have the right skills, attitude and talent to work and thrive in this dynamic industry. Just work on your application, customize it based on the specific need and you are good to go. If you are looking for any relevant job openings in the oil and gas sector, do check out the NrgEdge platform.