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Workforce Trends: Natural Resources

NR talent search_504x504_150217
Finding and attracting the right natural resources talent is an important aspect of maintaining operations and contributes directly to companies reaching their business objectives. Despite the fact that competition for top talent remains steep, new natural resources talent are entering the field every day and existing workers are becoming more experienced and knowledgeable. That’s why the talent a ... Read More
NR low oil prices_504x504_150217
With oil prices dropping due to no foreseeable curbs on production, alternative fuels are less in demand. This is having an adverse effect on companies that produce biofuels. For example, according to The Advertiser, BP recently announced the closing of its biofuels facility in Jennings, Louisiana, citing low oil prices as a reason. The company’s decision to shift its focus away from lingo-cellulo ... Read More
NR balance grid impact_504x504_150217
In June 2014, Energy Storage Journal reported that a new, 100MW energy storage plant was being built in Northern Ireland. The plant will provide energy storage and management based on batteries designed to stockpile wind energy that can consequently be distributed to the grid as needed.Interestingly, in December 2014, Clean Technica stated that Europe’s largest energy storage plant, located in Lei ... Read More
NR keep knowledge in house_504x504_150107
The United States is experiencing an oil and natural gas boom. In fact, according to Forbes, it will soon be the world’s largest producer of oil and, as a consequence, will have accomplished its goal of energy independence.This significant accomplishment wouldn’t have been possible without the ongoing development of new technologies that make it possible to access natural resources from previously ... Read More
NR value PR attract retain_504x504_150107
In a PennEnergy blog post, Phaedra Friend Troy points out that Hollywood’s opposition to oil pipelines and hydraulic fracturing gives the public a negative, one-sided picture of the oil and natural gas industry—one that highlights potential incidents while ignoring the fact that the industry employs thousands and is currently providing the majority of the world’s energy.According to the Pittsburgh ... Read More
NR green energy employment_504x504_150107
According to The Guardian, hydroelectric plants and wind farms were Spain’s primary source of energy in 2013. In fact, by the end of 2013, renewables represented almost 50 percent of the country’s total power capacity.The Association for Convenience & Fuel Retailing reports that Chicago O’Hare is planning to open a large alternative fuel center in 2016. This would provide a hub where drivers of ta ... Read More
NR attract more women_504x504_150035
With the oil and natural gas industry facing a looming skills gap, there’s never been a better time for employers to focus on attracting more women to the workforce.It’s a known fact that women have traditionally been underrepresented in the oil and natural gas industry. According to a March 2014 report by iHS Global Inc., in 2010, women accounted for only 19 percent of the total oil and natural g ... Read More
NR legal talent wind energy_504x504_150035
According to The Guardian, a recent E.U. report finds that wind energy is the cheapest form of energy—less expensive even than coal, nuclear energy, and natural gas when factoring in the costs of climate change, health threats, and air quality.Tom Darin, writing for the Denver Post, highlights the benefits wind energy is bringing to Colorado, citing job creation, low energy costs, land revenue, si ... Read More
NR mentoring programs_504x504_150035
As every employer knows, understanding what talent wants is key to attracting qualified candidates and retaining existing employees. With the oil and natural gas industry heading for a crippling skills gap due to the “Great Crew Shift” and heightened competition for talent from other industries, understanding employees’ needs and preferences in regard to work is more important than ever before.The ... Read More
NR employer provided training_250x250_A0005
With the world’s need for energy growing and the Great Crew Shift almost upon us, talent retention is a major concern in the oil and gas industry. Employers are already facing an inevitable loss of talent due to the imminent retirement of many Baby Boomers from the industry. There’s also increased competition from other industries where highly technical skills are needed, such as the automotive, I ... Read More
HR young talent renewable energy_250x250_A0005
With the world looking increasingly more to alternative energy sources to meet its growing energy demands, the renewable energy sector must face up to the challenge that predicted growth in renewables also means a greater need for skilled, technically savvy workers today and in the future. When you consider that the U.S. Bureau of Labor predicts more than 25 percent of American workers will be at ... Read More
NR new tech new skills_250x250_A0005
The future is bright for companies in the oil and gas industry: Ideas Lab reports that according to the International Energy Agency, the world’s energy needs will increase by one-third within the next twenty years. This rising need coincides with the development of new technologies that make it possible to access previously hard-to-reach energy reserves across the globe. However, to meet demand, t ... Read More
NR oil opps Mexico_250x250
In the natural resources industry, circumstances can change quickly and unexpectedly. Political developments, social tensions, weather, and natural disasters can all be unforeseen game changers that lead to projects being delayed or derailed. And sometimes, changed circumstances can lead to projects being given the green light to move forward sooner than expected.For natural resources companies, t ... Read More
NR locating talent_250x250
In the natural resources industry, the apprehension about the looming Great Crew Shift—the rapidly approaching time when a large number of workers reach retirement age—isn’t getting any smaller. In North America and Europe, the fact that the workforce is aging is causing concern for companies that need skilled, experienced employees for operations—especially in a booming natural resource economy i ... Read More
NR political circumstances Europe 250x250
As a result of the political tensions surrounding Russian actions in Ukraine, Europe is looking to secure alternative natural gas sources to mitigate its dependency on Russian imports. Since many countries in the region relied on Russian natural gas even as far back as the Cold War, this is no small task. Consider the following facts:Europe consumes roughly 30 percent of its gas from Gazprom ... Read More
NR oil water 250x250
Oil and Water
10 Nov 2014
Each year, California’s oil industry, the third largest in the U.S., produces approximately 200 million barrels of oil. But in the process of pumping oil, companies also harvest another natural resource: water. Some of this water is recycled and used in the oil production process, thereby reducing or eliminating the need to purchase water. But with nine barrels of water being produced for every on ... Read More
NR interest in biofuels 250x250
The search for affordable alternative fuels continues. Recently, a spurt of renewed interest in biofuel has become apparent.In July 2014, the U.S. Energy Department (DOE) dedicated $6.3 million in grants to two research and development projects aimed at reducing the price of biofuel as a transportation production to allow it to compete with petroleum. This is in accordance with the DOE Bioenergy T ... Read More
NR smart energy networks 250x250
Globally, there’s an unmistakable trend in urban planning: the notion of “smart cities.” A smart city makes wise use of human and social capital, combined with both traditional and modern communication infrastructures, to realize sustainable economic and cultural development.An integral aspect of a smart city is a “smart grid.” This is an energy management system specifically designed to be resili ... Read More
NR Exxon construction Baytown 250x250
In June 2014, ExxonMobil Chemical Company, the world’s biggest publicly traded oil and gas company, announced it had started construction on an ethane steam cracker at its complex in Baytown, Texas. Scheduled to start production in 2017, the ethane steam cracker is expected to annually produce 1.5 million tons of ethylene—the basis for high performance plastics made by the company at its nearby Mo ... Read More
NR retirement contingent programs 250x250
Have you ever considered what it would be like to be retired? As recently as the early 2000s, retirement was still the expected reward for professionals who’d spent 30 or 40 years working full time. But all of that has changed. Some people continue to work past conventional retirement age due to financial pressures; others simply because they enjoy working and want to remain engaged. Whatever the ... Read More
NR spending gulf coast 250x250
According to EY’s Global oil and gas reserves study 2013, capital expenditure in the U.S. oil and gas industry declined by 7 percent from 2012 to 2013. This was to a certain extent caused by lower expenditure on unproved property acquisition. In addition, technological advances that enabled less costly and more efficient exploration and production of oil fields also contributed significantly to th ... Read More
NR knowledge pipeline 250x250
The Great Crew Shift. Four short and simple words that together can make even the most knowledgeable and capable managers cringe.But why?For years, professionals in the natural resources field have been predicting a critical gap in the workforce as the majority of existing talent approaches retirement age.Consider these numbers, based on research by Kelly Services:In the United States, the industr ... Read More
NR fueling continuous employment 250x250
The global natural resources industry is currently in an exciting place. Opportunities abound. New technologies are facilitating the access to hard-to-reach reserves. The natural gas boom has been proven to have a positive impact on the environment. The exploitation of renewable resources already provides 2.3 million jobs worldwide: a number that’s growing. And emerging countries with untapped res ... Read More
NR weak link TSC 250x250
In July 2005, oil platform Thunder Horse in the Gulf of Mexico was evacuated due to the approach of Hurricane Dennis. After the storm, damage and subsequent repairs caused the planned commercial oil production to be delayed.On October 15, 2011, during armed conflicts, an attack on a gas pipeline in Yemen caused the temporary halt of production at the country’s liquefied natural gas plant.In Februa ... Read More

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Need help finding the best solution to your workforce challenges in the natural resources industry?
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Need help finding the best solution to your workforce challenges in the natural resources industry?
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