Oil and Gas Industry to Create 1.9mn New Job Roles by 2035

March 28, 20177:58 am467 views

Latest figures from the American Petroleum Institute highlight the need for skilled and qualified professionals in the oil and gas industry, which is expected to create 1.9 million new roles by 2035. It is also predicted that the industry will lose a significant portion of the expertise accumulated in the current cohort of experienced professionals, due to an ageing workforce and retirement.

Many of the world’s major energy companies have expressed concern at being able to fill new vacancies, due to a lack of engagement with the new generation of workers.

The Young Gastech programme, an integral part of the 2017 Gastech Exhibition & Conference, will take place in Tokyo on the April 5, 2017. Senior executives from industry heavyweights such as Shell, Total, Chiyoda and JAPEX will be actively participating in the exhibition and conference.

Young Gastech will also see attendees to include 100 young professionals and technology graduates. The event aims to address the growing need for engagement amongst new generation of LNG professionals to support future growth of the industry.

Gavin Sutcliffe, Head of Content at Gastech organiser, dmg: events Global Energy comments: “There is a growing realisation within the oil and gas industry that firms need to attract new talent in the face of high numbers of experienced individuals leaving the workforce. Large companies in the sector are re-evaluating their recruitment practices to help entice members of the next generation to enter the industry.”

See: Oil and Gas Professionals in Singapore forced to look outside the Industry for Growth Prospects

The ageing workforce, and its accumulated expertise, has helped drive the growth of the sector over the decades. However, it does raise new talent management issues for employers. The younger generation is drawn to jobs within competing sectors, and the energy industry is left relying on a knowledgeable, but ageing workforce. To bridge the gap, the gas and LNG industry needs to appeal to students and young professionals, and position the industry as a desirable career option.

According to a recent article on the industries attempts to combat workforce challenges, millennials and the so-called ‘Generation Z’ seek different things when looking for an employer. “The value proposition for this group of potential employees has to include technology, flexible working options and green energy.”

The Young Gastech programme has identified this need to engage with students and graduates considering a career in the gas industry, and individuals that are studying in disciplines that lend themselves to the gas and LNG sector.

The programme aims to provide support to those who find themselves at the start of their careers.  The event will offer an opportunity for young people to network and engage in an interactive roundtable, under the guidance of industry experts.

Gavin Sutcliffe continues: “It will be an excellent opportunity for the experienced professionals in the industry to pass on their expertise and guidance to the next generation.”

Also read: UPES Urges the Need for New HR Strategy for Oil and Gas Sector in India

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