Big Oil’s Talent Crisis: High Salaries Are No Longer Enough

Tue, 26 Sep 2023 19:44:02 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
https://archive.md/Min0O

"Good news from the oil patch: Jobs are plentiful and salaries are soaring.

The bad news is that young people still aren’t interested.
Even as oil-and-gas companies post record profits, the industry is facing a
worsening talent drought.

At U.S. colleges, the pool of new entrants for petroleum-engineering programs
has shrunk to its smallest size since before the fracking boom began more than
a decade ago. European universities, which have historically provided many of
the engineers for companies with operations across the Middle East and Asia,
are seeing similar trends.

Students and high-skilled young workers are concerned about the industry’s role
in climate change, as well as long-term job security given that global
economies are transitioning away from fossil fuels to other energy sources,
according to executives, analysts and professors.
The trend is a stark departure from previous cycles, when the industry’s
workforce ebbed and flowed with the rise and fall of oil prices."

Via Future Crunch:
<https://futurecrunch.com/good-news-breastfeeding-trachoma-iraq-golden-lion-tamarin-brazil/>

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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