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A New Generation Of Oil And Gas Workers
By: CareerCast.com
Good oil and gas talent is in short supply. Combine the so-called “Big Shift Change” with the reduced number of students applying for and completing STEM courses in college, and there is a serious concern about where the next generation of industry talent will come from. As oil and gas companies bring in new talent to meet staffing demands, CEB research shows that five-in-six hiring managers believe their new graduate hires lack the skills and knowledge they need to be successful. But rather than changing their hiring strategies to find candidates with the potential to learn and develop those skills ... more
Energy Jobs Expected to Grow Over Next Five Years
By: CareerCast.com
Mary Miller, chief administrative officer for Edison Electric Institute, an industry association of shareholder-owned electric companies that includes NV Energy, pointed to a recent study from the Center for Energy Workforce Development. The study noted that about one-third of the roughly 200,000 energy industry jobs around the country will become vacant because of retirement. Miller estimated it will be between 35 and 45 percent of the industry and says the movements should occur in the next five or six years. "There's no room for error. These are people we're going to have to grow," Miller added. "There was a time ... more
Falling Oil Prices Could Bolster American Industry In The Long Run
By: CareerCast.com
Plunging oil prices have hurt American companies in the short run, but increased U.S. production means that the country is on the path to become a global leader in oil production, the head of the U.S. oil and gas industry's top lobbying arm said. Falling oil prices have empowered the United States and weakened OPEC and Russia, said Jack Gerard, the CEO of the American Petroleum Institute. The result is that increased U.S. production in North Dakota and elsewhere has "fundamentally reordered the world's energy markets," he said. Stocks in energy companies have tumbled as oil prices have dropped in ... more
U.S. Bureau of Land Management Working on New Fracking Rules
By: CareerCast.com
The US Bureau of Land Management withdrew its proposed hydraulic fracturing regulations and announced that a new draft will be prepared during 2013’s first quarter. BLM is preparing a new version in response to the more than 170,000 comments it received to the original proposal, the US Department of the Interior said on Jan. 18. “In response to comments from stakeholders and the public, BLM is making improvements to the draft proposal in order to maximize flexibility, facilitate coordination with state practices and ensure that operators on public lands implement best practices,” a DOI spokesman said. Additional comments will be ... more
Setting The Future Of Oil And Gas In The United States
By: CareerCast.com
A Colorado task force on oil and gas drilling is trying to find agreement on proposals to resolve disputes over local control and landowner rights. The 21-member panel meets again Tuesday as it whittles down a list of 56 suggestions. Gov. John Hickenlooper formed the task force last year and set a Feb. 27 deadline for its recommendations. The panel hasn't taken any final votes. The task force is made up of oil and gas industry representatives, local government officials and civic leaders. READ MORE AT PENN ENERGYmore
Energy Exports on the Rise
By: CareerCast.com
A jump in energy-related exports and a steep decline in oil imports lowered the U.S. trade deficit in December to nearly a three-year low. The improvement suggests the economy grew in the October-December quarter instead of shrinking as the government estimated last week. And the brighter picture for trade illustrates how a boom in oil and gas production is making the U.S. a leader in exporting low-cost energy, while higher domestic sales of fuel-efficient cars are lowering dependence on overseas oil. The trade gap fell nearly 21 percent in December from November to $38.6 billion, the Commerce Department said Friday. ... more
Dept. of Energy Crafts Energy Job Plans
By: CareerCast.com
Secretary Moniz has announced the creation of the Jobs Strategy Council (JSC), an initiative focused on accelerating job growth in American-made clean energy sources while implementing the President’s Climate Action Plan, during a roundtable with the business leaders of Energy Intensive, Trade Exposed industries and their unions, the United Steelworkers, the United Autoworkers, the Machinists, the IUE-CWA, and the AFL-CIO. Building on the President’s effort laid out in the State of the Union to empower working Americans with the education and training they need to earn higher wages and to encourage businesses to decide to innovate and create good, high-paying ... more
North Dakota Oil Industry Possible Haven Amid Economic Cuts
By: CareerCast.com
Oil-rich North Dakota is well positioned to weather automatic federal spending cuts if it is forced to do so, the state's top budget official said Thursday. Republicans and Democrats in Congress and President Barack Obama are at odds over how to reduce the nation's debt by Friday, when $85 billion in across-the-board, automatic federal cuts would kick in. North Dakota may lose about $20 million in federal funding in fiscal 2013 if an agreement is not reached, said Pam Sharp, the state budget director. As the debate intensifies in Washington, most states are bracing for the potential shortfall and scrambling ... more
Following Unique Ideas Can Make You A Success In The Energy Industry
By: CareerCast.com
Sam Etherington, founder of Renewable Wave Power, Lancaster, UK, is willing to take a chance. Admittedly, he can be headstrong when someone tells him he can’t do something. He kiteboards. The latter is actually part of the reason he’s the youngest person ever shortlisted for the UK Engineering Hall of Fame. At the age of 24. Surfing on a kiteboard, he realized the power of waves and developed a way to harvest energy through his wave power generator. READ MORE AT ASMEmore
The Skills Gap in Oil and Energy Jobs
By: CareerCast.com
The world of exploration and production has changed dramatically over the past ten years. There are few places where this is more evident than the U.S., where supply is predicted to continue expanding and eventually reach up to 2.2 million b/d from shale oil alone thanks to advances in drilling technologies which are unlocking additional resources. Yet with the International Energy Agency predicting that the demand for energy will grow by 40 percent by 2030 it has become more important than ever for the oil and gas industry to look to new frontiers in an attempt to increase production. However, ... more