A talent crisis looms in the oil and gas industry


RISING global demand and skyrocketing oil prices are encouraging oil companies to invest in both conventional oil exploration and unconventional oil projects. But a diminishing pool of new and experienced talent together with an ageing workforce may be hindering growth.

According to Ernst & Young, post tax profits for leading oil and gas companies rose by 29% last year to US$319.9bil (RM990.7bil) from 2010, yet industry experts feel something has to been done quickly or the world’s most lucrative industry may be in a talent crisis.

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Business , Oil & Gas , Beyond Petroleum , Store

   

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