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Disrupting the Business Model – when Partners become Competitors

News that Schlumberger is investing in its clients’ projects has resurrected an idea that could disrupt the traditional E&P business model. David Finlayson & Peter Smith look at the pros and cons of the initiative and what it means for careers and corporate culture. [Read more…]

Discovery Chance of Success – What are the Odds of Another?

David Finlayson, Chairman of WBC, comments on interesting analysis by Will Forbes of Edison that looks into the chance of success in exploration.  The original analysis, titled “Made a discovery? What are the odds of another?” can be found here. [Read more…]

WBC Attends NRGI Launch of Resource Governance Index

WBC’s Bob Laidler and Peter Smith recently attended the launch of the Natural Resource Governance Institute (NRGI)’s Resource Governance Index (RGI).  This impressive 3 year assessment of oil, gas and mining governance in 81 countries is aimed promoting good governance practices worldwide. [Read more…]

Oil & Gas in a Word

Advertising guru Maurice Saatchi created the concept of one-word equity – using a single word to capture a brand’s value to its stakeholders. Can the same idea be applied to an entire industry? We posed the question (What’s one word to describe the Oil & Gas industry?) to 60,000 contacts and our wider industry network via LinkedIn and Twitter last month. See the word clouds for some of the many “Oil & Gas in a word” responses. [Read more…]

Oil & Gas Careers: Freelance vs Staff

For many, stepping out of the corporate world and into a freelance role is the fulfilment of their oil & gas careers.  It represents a chance for personal growth, building your own business, and testing your business skills in a competitive world.  For HR teams, it also offers benefits, but with some risks.  The financial rewards for the individual can be substantial: in good times, O&G day rates of $500 to $3,000+/day are readily achievable.

Why do it?

But of course it’s never just about the money. For some it’s a different way to develop a leadership role – leading projects, leading people, setting up a new business.  Some individuals go on to assume positions of significant influence, perhaps advising Boards, executives or governments – and maybe commanding $5,000 a day or more.  [Read more…]

NOC Assembly June 2017: Feedback

WBC’s Jon Green and Angus Warren attended this year’s NOC Assembly, hosted by The Oil & Gas Council, in Paris on Monday.  The event was well attended, mostly by African NOCs and Ministries given the follow-on Africa Assembly the next day.  It was good to see old colleagues and to meet new. [Read more…]

Leadership Styles – What’s Yours? The role of EQ

How do you move from functional management into leadership? Course delegates – particularly those on our 3 Day MBA programmes – often ask this question. The first step is to have a career plan (see our recent white paper). It also helps to understand the different styles of leadership and most importantly, to understand your own leadership style. In this blog, we attempt to summarise some of the more well-known aspects of leadership and make some suggestions as to how managers in oil & gas might apply them to their own career development. [Read more…]

First International O&G Contracts Course for WBC

It was a week of firsts: WBC’s first International O&G Contracts course, delivered in Lagos and Mohammad Al-Ramahi delivering his first course as a WBC associate. The International O&G Contracts course had attendees from oil companies and engineering service companies. The course ran in March at excellent facilities provided by Saipem. [Read more…]

Oil and Gas Management and Leadership Course Held in London

This oil and  gas management and leadership event in April was held at the offices of io oil & gas consulting in world class facilities at the Shard London,  Angus Warren delivered WBC’s acclaimed 3 Day MBA in Oil & Gas to a group that included participants from Ukraine, Austria, Angola and the U.K.  and from a variety of sectors including oil companies, a services company and consultants. [Read more…]

Oil & Gas Talent Management – 2017 & Beyond

The industry’s managers have a talent management problem. In our latest white paper we look at the need for changes in strategy as companies compete in a new market environment.  New strategies will be based on innovation and collaboration, but at their heart is the issue of talent: having the capabilities to implement the new strategy. Companies have laid off thousands of experienced staff, many of whom have said they are not coming back to the oil business. Many experienced staff who remain are close to retirement. There’s a new generation of Millennials who are not that keen on the existing management styles of the oil business – and don’t see it as a particularly attractive industry to work in. This might not matter much if the industry was in terminal decline. [Read more…]

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