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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…]

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 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…]

“The biggest risk is not taking any risk….”

As Mark Zuckerberg continued, “…in a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks”.  The risk of doing nothing is now a regular topic in our conversations with clients about risk management.

Bruised by the battering the industry has taken in the past three years, painfully aware, after Deepwater Horizon, of the potential for disaster, often led by legal advice, and conscious of the rise of alternative energy sources, companies and investors could be forgiven for sitting on the sidelines, minimising their risk with a lack of activity.

But would they be mistaken? [Read more…]

What are the prospects for 2017?

How do you feel about prospects for the oil business and your career in 2017? Where will the oil price be in 12 month’s time? What are the biggest skills gaps in the E&P sector? What skills would you want to develop? Please join in our annual survey [Read more…]

Project Governance and 2017 Challenges

We are delighted to announce that Bob Laidler, our Project Governance Course Director, has joined the Board of WBC Training. Bob’s expertise lies in helping individuals and businesses in the oversight of complex projects, with a particular emphasis on effective decision making and stakeholder buy-in.  In his first blog for us, Bob explains the importance of effective project governance in today’s market: [Read more…]

8 Steps to Managing Your Career

In an industry caught up in a whirlwind of market forces, economic uncertainty, and regulatory and technological change it’s often easy to feel that there’s little you can do about your career prospects. We disagree, and we invited Ken McKellar, an expert on helping oil and gas executives manage their careers, to provide us with some advice on how to aim for career success even in the toughest of markets. [Read more…]

2016 Climate Change Survey Results

The 2016 results of our annual Climate Change survey are out. Every year we ask our network of some 7,000+ oil and gas professionals for their views on this contentious topic; our aim is to understand what they believe and feel about the issues, and what the implications for management are – it is not a survey to establish the rights and wrongs of a particular scientific argument. Over the years most respondents (92%) now agree that climate change is happening, but only 50% say it is due to human activities rather than natural causes – this is in contrast to the general population, where surveys in the US and worldwide tend to show a majority assuming it is due to human causes. [Read more…]

Inner Reserves – Valuing Your Skills in a Low Oil Price Environment

Valuing your skills in a difficult market: as part of our occasional series on career development in the oil industry and the skills needed to succeed, we asked Ken McKellar, an experienced adviser on career transitions, to comment on the options available to professionals in a low oil price environment: 
[Read more…]

WBC shortlisted for Getenergy Award

We are delighted to announce that we have been shortlisted for one of the prestigious Getenergy Awards. The leading marketplace for oil and gas training providers and IOCs, NOCs and service firms, Getenergy produces a variety of events and publications in addition to the annual awards programme that recognises the best in the industry. We have been shortlisted for the SME Training Provider of the Year award, based on the quality of our content, client engagement and a clear focus on the E&P world.

Please take a moment to vote for us by clicking on the link here  – we welcome your support!

[Read more…]

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