The big crew change

Oil executives increasingly recognise that effective recruitment and human-resources management are as vital to the continuing success of the oil industry as any other aspect of the business. Recruitment was one of the main subjects in a speech delivered last month by Shell's chief executive, J...

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Bibliographic Details
Published inPetroleum Economist Vol. 73; no. 3; p. 1
Main Author NICHOLLS, Tom
Format Magazine Article Trade Publication Article
LanguageEnglish
Published London Petroleum Economist 01.03.2006
Gulf Publishing Co
Subjects
Applied sciences
Athletic recruitment
Careers
Climate change
Colleges & universities
Economic data
Employees
Employment
Energy
Energy economics
Energy industry
Exact sciences and technology
Executives
Fossil fuels and derived products
General, economic and professional studies
Hiring
Human resource management
Industrywide conditions
International
Manpower
Nonprofit organizations
Oil
Oil and gas industry
Petroleum engineering
Petroleum industry
Professionals
Recruitment
Resource management
Science education
Staff. Occupational work. Work management. Control. Safety. Accidents. Professional diseases
Students
Oil company
Oil industry
Employment
Professional competence
Economic importance
Occupational training
Knowledge transfer
Recruitment
Firm strategy
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Summary:Oil executives increasingly recognise that effective recruitment and human-resources management are as vital to the continuing success of the oil industry as any other aspect of the business. Recruitment was one of the main subjects in a speech delivered last month by Shell's chief executive, Jeroen van der Veer, on the theme of how energy will be supplied in the future. According to research by the Booz Allen Hamilton consultancy, around 50% of professional exploration and production staff are aged 40-50, while only around 15% are in their early 20s to mid-30s. BAH says up to half of the workforce should retire within 10 years and that technical segments of the industry are likely to suffer most. At the same time, demands on energy suppliers have never been greater. Total demand for energy worldwide - most of it for oil, gas and coal - increased by 15% in the first five years of this century alone. Some estimates suggest 200 million new customers for commercial energy are added every year. Consequently, energy companies need more manpower than ever and are hiring in record numbers.
ISSN:0306-395X