As the oil and gas sector makes the transition into clean energy, environmental, social and corporate governance (ESG) has become all the more important in the industry. Today, companies are increasingly looking for new ways to promote ESG initiatives, as a growing number of customers and investors are urging organisations to take ESG issues more seriously. While the pressure is rising for oil and gas companies, the increased emphasis on ESG presents several opportunities for the sector. Below, we detail how ESG is re-shaping the energy industry and why it’s time for companies to address environmental concerns and adapt to this new paradigm.
The rise of ESG
Today, it’s become increasingly clear that ESG ratings are an important driver for stakeholders and investors in the energy sector, as well as the general public. ESG investing was once seen as a niche, but it’s become a crucial area for companies in every sector, particularly since the beginning of the COVID-19 pandemic. The transition to a low carbon economy means businesses in the energy sector must ensure they’re aligned with the new energy landscape. ESG is no longer a box-ticking exercise, but fundamental for maintaining and attracting the support of stakeholders. It’s now more important than ever before that ESG is used as a workforce strategy. Energy companies that recognise the value of ESG will be able to attract and recruit the best talent, as well as meeting the challenging demands of the market.
It’s widely understood that there’s an environmental threat in the oil and gas sector. Many companies in the industry have been taking steps to become compliant with ESG and curb the environmental impact. For example, according to reports, the British oil major BP has made plans to buy $220 million worth of solar projects to help push for a low-carbon future. And total investments over the past five years in renewables, hydrogen and digital technologies has been almost $60 billion. Evidently, oil and gas companies are beginning to view environmental conditions as a priority for improving operations and increasing value across their organisations. While most oil and gas companies will likely still invest in traditional production, clean energy is being taken more seriously by leaders in the industry.
Creating an ESG strategy
One of the biggest challenges for energy companies is implementing a successful ESG strategy. When businesses take a strategic approach to ESG that is linked to the goals and values of the company, leaders are more likely to see results. With ESG encompassing social and governance initiatives as well as the environment, it’s imperative that oil and gas companies assess the needs of their organisation and its employees. Building an ESG strategy in an oil and gas company is critical for satisfying a range of different stakeholders. ESG programs are also key for spurring innovation in the energy sector and reducing risks.
With a strong ESG framework, businesses can set action plans and measure performance indicators, which could include energy diversification, carbon footprint reduction and natural resource sustainability. The demand for ESG programs in the energy sector is now greater than ever. For oil and gas companies, embracing ESG shows that they care about employee welfare. Focusing on ESG represents social responsibility and a way for energy companies to gain trust, and future-proof their businesses for the new world of work.
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At Petroplan, we specialise in recruiting top professionals for businesses in the oil and gas sector. We have a highly experienced team of recruitment specialists who have a strong understanding of the market. As a workforce and talent agency, we pride ourselves on continuously building great relationships with our clients and candidates, and further establishing our expertise in the energy sector. We support a diverse range of global projects with a talented pool of candidates and we want to continue to provide our clients with exceptional talent solutions. Contact our team today to find out more about how we can help your recruitment.
It’s becoming increasingly evident that digital technology is transforming the oil and gas sector. The industry is being driven by real-time data, cloud computing and the Internet of Things, blending the physical and digital worlds. As a result, the concept of the ‘digital oilfield’ has come into focus. A digital oilfield is an environment where an oil and gas business’ data is automated to increase the speed of workflows and boost performance.
Combining process management with digital technologies, digital oilfields have been designed to overhaul oil and gas systems, and enable full optimisation throughout the supply chain. Research by Global News Wire has shown that the digital oilfield market could grow to $28.61 billion by 2027. There’s no doubt a digital revolution is occurring and it’s set to challenge the conventional model of operations in the oil and gas sector.The role of digital oilfields
The adoption of digital oilfields in the oil and gas sector has been growing due to automation, data analytics and increased connectivity. It’s widely understood that the oil and gas sector has been slow to adapt to new technologies compared to other sectors, but over the past decade, oilfield technology has progressed rapidly, paving the way for a new era for the industry. Oil company Shell was an early adopter of digital oilfields technologies. Digital oilfields have a range of benefits for the oil and gas sector, including using data to track the efficiency of equipment and mapping out the future of production.
Having a digital oilfield could also help oil and gas businesses transition into greener practices. For example, artificial intelligence and predictive analytics can help identify oil spills after or even before they occur, which should help companies minimise damage. By investing in digital oilfield technologies, oil and gas operators can automate maintenance and manage equipment more efficiently while continuing to drive innovation. Digital oilfields have the potential to redefine oil and gas through the creation of a secure, interconnected network. This could pave the way for higher fuel performance and deliver increased value for oil and gas providers.Creating a digital-first oil and gas sector
If oil and gas companies want to remain relevant and competitive in the future, they need to embrace digitalisation. Research by Energy Voice has found that the industry is still grappling with the challenges of COVID-19, low oil prices and the energy transition. Technology and digital oilfields are among the key tools that can help the industry and make sure it’s still profitable in the future. So, how can companies create a sustainable digital environment for their oilfields? Firstly, companies need to take advantage of the range of the IoT management platforms that are available to them. Using such specialised platforms, that connect different disciplines across a business, for example production and asset management, is an excellent way for oil and gas companies to automate the flow of data. .
Creating a truly digital oilfield will drive better insights for oil and gas, and improve the overall quality of the supply chain. Above all, cloud technology and data will provide oil and gas companies an alternative solution to traditional processes and infrastructure. Digital oilfields serve as a remote link across an entire company, making information and data immediately available. The role of technology in oil and gas has become all the more essential and digital oilfields are likely to continue to have a great impact on the sector.How can Petroplan assist your recruitment?
Petroplan is a leading global talent solutions and acquisition partner with a breadth of experience in the oil and gas industry. We have a highly motivated team of consultants who care deeply about building and growing connections with clients and candidates. We recruit on both a permanent and contract basis, matching businesses with the best talent across the globe. We understand the future of the oil and gas industry, so if you would like to find out more about how Petroplan can help with your talent search, contact us today. Also, keep reading our blog for the latest news and articles.
The renewable energy market has experienced unprecedented growth in recent years and it’s set to have a big future, this is largely thanks to the rise of digital technology. According to a report by The International Energy Agency (IEA), renewable energy capacity will grow up to 50% by 2024 – and this growth is mainly being fuelled by solar, wind and hydropower projects. Research has found that renewable energy is expected to take up around 30 per cent of the world’s total energy by 2024. So, with renewable energy expected to power the earth, let’s take a look at the impact technology is having on the market, as well as the most important technological trends in the sector right now.
The rise of Artificial Intelligence
The arrival of artificial intelligence in the renewable energy markets has paved the way for a range of opportunities for leading companies to grow and evolve their processes, to ensure they’re more sustainable than ever before. There’s no doubt that artificial intelligence will have a huge impact on the future of renewables. With the help of AI software, energy storage in facilities, such as office buildings and homes can hold excess energy when demand is low. AI technology can improve renewable energy storage and optimise its use. Therefore, AI has the potential to re-shape the energy sector from an infrastructure-based system to one centred on automated AI technology. There’s a wide range of technologies that use renewable energy spheres, such as energy forecasting and energy accessibility. For example, Google DeepMind – introduced in 2014 – is an AI application that works to improve energy usage and reduce emissions. AI applications can support the renewable energy sector when it comes to integration and help to accelerate the use of clean energy sources worldwide.
As the world’s most popular platform to buy bitcoin, the technology is providing a new level of sophistication to energy suppliers and increasing efficiency as a result. There’s an array of companies that are utilising blockchain for renewable energy. For example, We Power uses a blockchain platform, allowing customers to monitor renewable energy prices, as well as help clean energy producers enter the market. The company explained in a white paper that they believe blockchain and renewable energy has the potential to revolutionise the energy market. Blockchain makes the supply of green energy much more efficient and transparent, as all transactions are traceable and secure. Therefore, renewable energy certification can be delivered much faster, allowing all parties to audit the results. Blockchain, then, is changing the way companies collaborate, as well as how energy is produced and consumed, creating a much more sustainable energy system.
Big data technologies have made a considerable impact on a wide range of industries. In the energy sector, however, oil-field production companies can use big data to streamline operations and manage the day-to-day operations of solar plants more efficiently. With the use of data, companies can dictate how many solar panels and wind turbines to produce and build a better picture of how power is used and when it’s most needed. Big data has become essential because it means energy providers can identify how to store and distribute energy generated from solar panels. Ultimately, big data is changing the models of renewable energy and power generation, while providing energy companies with an in-depth understanding of customer behaviour. As a rapidly evolving market, renewable energy relies on the power of technology to sustain its developments.
How Petroplan can help your business
At Petroplan, we have an excellent team of consultants with many years of experience in recruiting the best professionals for a range of global companies in the energy sector. Since 1976 we have made 1000’s of successful placements and built many valuable partnerships in the Energy industry. Our technology recruitment team has grown to become one of the most successful parts of our business. We’re heavily invested in the renewable energy sector, and our global IT team work hard to keep up-to-date on all the changes in the market. As a leading global talent acquisition and workforce solutions partner, we have specialist expertise, we pride ourselves on our ability to deliver a quality and efficient service. If you would like to know more about how we can assist you acquiring the best talent, contact us today.
The emergence of industry 4.0, also known as the Fourth Industrial Revolution, has been having a huge impact throughout the oil and gas supply chain. Across all industries, digital technology has been revolutionising the entire value chain and changing best practices. In the oil and gas sector, advances in seismic imaging and data analysis is helping to streamline manufacturing and production. With the rise of industry 4.0, technology continues to drive transformation, from downstream to upstream and in other business areas including research and development, and finance. Right now, technology is leading the way in the oil and gas sector so read on for further insights on exactly how Industry 4.0 is re-shaping the oil and gas supply chain.
Digitalisation of the oil and gas industry
Industry 4.0 has accelerated the rise of smart technology, generating new business areas and re-shaping the traditional supply chain. Increased data integration, analytics and information sharing are allowing companies to provide upstream exploration teams with much more meaningful insights, as well as the ability to adjust production levels in real-time, all of which is based on stored data. With digitisation, there’s huge potential for off-field services and businesses to create a much more efficient and effective supply chain. Many oil and gas companies are already using 4D BIM models that map data to analyse changes in oil and gas levels, which can help identify the quality of resources and their lifespan more accurately.
Changes to production
One of the main benefits of the implementation of industry 4.0 in the oil and gas industry is how it’s paving the way for a seamless production chain. There’s now a wide range of Industry 4.0-era production solutions that are creating cross-organisational collaborations and digital efficiency in the supply chain. For example, one of the most notable uses of industry 4.0 technology in recent years is the digital twin – a virtual representation of a physical object. Digital twin technology allows oil and gas professionals to simulate design assets in real-time, providing powerful insights that maximise productivity while reducing the need to mobilise offshore and inspect the model. BP is one oil and gas company that uses a digital twin system, known as APEX, which creates digital copies of all production processes, optimising process considerably.
An integrated supply chain
There’s no doubt industry 4.0 can play a pivotal role in helping oil and gas companies tackle complex challenges along the supply chain. Technologies such as big data will have a positive impact on midstream activities, which includes storage and transportation. For example, with the use of digital technology, oil and gas companies can equip railcars with detectors and sensors to detect any leaks, and monitor any problems in the pipeline’s infrastructure. These new technologies and processes are creating a much more integrated supply chain, with a closer working relationship between each link in the chain. However, there’s much work still to be done to achieve a completely streamlined and efficient supply chain. Technology company Infosys argues in a published white paper that, “Industry 4.0 must be viewed as an enterprise-wide initiative that meets present and future organisational goals.” Oil and gas companies, then, must ensure they have a strategy in place that implements new technologies to achieve the best results. Industry 4.0 is still very much in its infancy, but as long as companies collaborate in the right way, the supply chain will continue to improve and transform.
Are you looking to grow your oil and gas business?
Petroplan is a leading recruitment and workforce solutions agency for the oil and gas industry. Our team of consultants have years of experience in recruiting professionals into energy roles on both a contractual and permanent basis. Our Global IT team has a strong understanding of the oil and gas market and how technology is changing processes and procedures. As a talent and workforce agency, we provide specialised consultancy and we tailor our service to each of our clients. If you would like to know more about how we can assist your recruitment, contact us today to start a conversation.
In recent years, the transition to a low carbon future has shifted from being a topic of debate to a matter of urgency for many companies in the oil and gas sector. There’s an array of European-based fossil fuel companies that have proactively been pushing toward green energy, such as Dutch Shell, BP, Equinor and Total. While it’s likely to be a while before we transition from fossil fuels completely, we have seen more investment in green energy, for example in the form of Vestas Wind Systems – which is the world’s top supplier of wind energy. The oil and gas market is highly volatile, so it makes sense that businesses focus on and embrace renewables. But what can oil and gas companies do to prepare for this transition?
The changing energy landscape
According to We Forum, renewables could power the world by 2050, with various studies showing how different countries can work together to create sustainable energy solutions. Over the years, the standard of living has increased dramatically, which means this has affected the demand for global energy. Oil and gas prices have been in decline since 2014, which was accelerated by the COVID-19 pandemic. This further fuels the argument about the importance of green energy and why companies need to prioritise renewables. Also, renewable energy has become much cheaper than fossil fuels. The cost of solar power projects has fallen by 82% since 2010. Renewable energy projects were once notorious for their high costs, but they’re now below traditional fuels – which demonstrates how much the energy landscape has shifted. Now’s the time for oil and gas companies to adapt to a less carbon-intensive strategy. But how?
Paving the way for the renewable revolution
Many oil and gas companies are moving forward with the renewable energy transformation and there’s a range of different projects on the horizon. For example, BP partnered with Danish energy firm Orsted to launch the Green Hydrogen project, which is expected to be operational in 2024. Comprising of a 50 MW electrolyser system installed in North-West Germany and powered by an Orsted North Sea offshore wind farm, it will be able to produce around 9,000 tons of green hydrogen per year. This project is BP’s first full-scale hydrogen venture and the company could help massively with reducing emissions.
Green hydrogen is created using renewable energy, which is made through electrolysis. Mitsubishi Power and fuel storage company Magnum Development has been working on the Advanced Clean Energy Storage (ACES) project, which is scheduled to be operational by 2025, and it aims to build a storage facility for 1,000 megawatts of clean power. Having large-scale storage space for green energy will help curb the demand and increase the transition to renewables. Investing further into creating a pathway for renewable energy is a great way for oil and gas companies to embrace a green transition.
Protecting the environment
Oil and gas companies will always be needed, but the future lies in renewables. However, it’s not enough for companies to invest in green energy to protect the environment. There needs to be a mindset shift internally. One of the ways oil and gas companies can do this is by redefining their corporate strategy to align more effectively with climate change. For example, ensuring that best practices are applied for mining and drilling projects will help reduce water and environmental impact from production. Businesses also need to build strategies that minimise carbon use, as well as developing a talent attraction framework that showcases oil and gas as a ‘green sector’, in order to inspire the younger generation of workers to join the industry. The oil and gas sector is under increasing pressure to become more sustainable, but with the right investment and strategies, companies in the industry can embrace a green transition.
Let Petroplan help your business
Petroplan is a specialist talent workforce and solutions business that has over 40 years of experience in recruiting the top professionals into roles within the oil, gas and energy industry. We have an outstanding track record of building great relationships with our clients and candidates, and we have a strong understanding of the energy sector, including renewables. We’re always up-to-date on the changes in the industry and are well-placed to advise companies on how to recruit the best talent, in preparation for the changes over the next few years. At Petroplan, our consultants are dedicated to helping businesses develop and grow. Contact us today for more information on how we can help and keep reading our blog for interesting articles and insights.
While it’s hard to predict the future for any industry, the energy sector is going through a massive transformation and will look very different in the years to come. Although many oil, gas and energy companies will continue to produce fossil fuels, research has shown that renewables could overtake coal by 2026, and oil and gas before 2030. But what about the future for the energy workforce? COVID-19 has pushed the industry to embrace digitisation and remote technologies, in the form of robotics, automation and machine learning. Many industries have moved seamlessly into remote working while the energy sector has been forced to retain much of its on-site workers to complete projects. Change is on the horizon for the energy sector, and we explore it in more detail below.
Remote working in the energy sector
For companies in the energy sector, the pivot toward remote working offers professionals a much more flexible way of working that they might be used to. However, there are some immediate challenges that many businesses face when it comes to remote working. Firstly, it’s important that energy companies equip their employees with new digital tools and align expectations across the organisation. This means using data protection policies to ensure GDPR requirements are met, as well as safeguarding the security at the company, which includes emails and passwords. There’s also the challenge of structuring remote work so that employees can balance their time between home and physical locations. With many ongoing projects, there will always be a need for on-site workers, so it’s essential that leaders know how to create a sense of direction around the work, energise employees and empower their teams to keep productive. COVID-19 has made remote working the new norm and it’s likely to be prominent in the working world for the long haul. While global restrictions and lockdowns are set to come to an end, companies still need to protect the well-being of workers and maintain efficiency, particularly as we move into a hybrid work model.
As a result of increasingly remote work, recruitment will be significantly different in the energy sector, so companies will need to reconsider how to attract new employees in this new world of work. It’s now all the more important that companies in the energy sector utilise new technology and hire accordingly because after all, the industry is changing and so should the workforce. Using recruitment strategies such as automated emails to reach top candidates. Email marketing is a great way to personalise the candidate experience and connect with new candidates. Looking ahead, energy companies will face competition from other industries that are more tech-savvy, so investing in technology and trying new strategies is crucial for staying ahead of the curve.
Upskilling the workforce
As we move into the future of work, energy companies need to replenish the skills of their existing workforce. With big data analytics and insights becoming increasingly available, there are plenty of opportunities for energy companies to adapt and evolve the workforce into a highly specialised group of professionals. Upskilling is much more than providing extra training. It’s about transforming and growing individuals by supplying the knowledge, skills, and experience that are most valuable for their roles. Research has shown upskilling can be a transformational force for society and have a massive impact on the economy, so it makes sense from a purely business point of view. In the remote era of work, energy companies should build an upskilling strategy and ensure employees are constantly learning. One of the ways to do this is by clearly communicating the purpose and objectives of upskilling. Whether it’s understanding new technologies or helping employees have a better understanding of renewables, organisational leaders need to lay the foundation and evaluate the results. In this way, energy companies can prepare themselves for the changing world of work.
Let Petroplan help your business
Petroplan is a specialist workforce and talent agency, specialising in the oil, gas and energy sector. We have proven to be a trusted partner of various businesses, helping improve recruitment strategies by sourcing the best candidates. We also recruit professionals into roles within the commercial, technology, renewables sectors, and we also recruit for executive and c-suite roles. Over the years, we’ve established excellent relationships with our clients and candidates, and we pride ourselves on consistently expanding our network. We have a highly experienced team of consultants who fully understand the sectors they recruit into. If you would like to find out more about how to attract the best energy talent, contact us today to discuss the ways we can help.
The oil, gas and energy sector presents unique opportunities for professionals at every stage of their career. It’s a rewarding industry with huge growth potential and with the rise of renewable energy, there’s a range of devising ways to succeed in this exciting industry. Petroleum engineers, for example, are high in demand and oil and gas companies are always searching for new contractors. However, preparing for the interview and securing the role are just the first steps. Throughout your career, you need to keep honing your skills and continue to prove that you’re an indispensable employee. But what sets the best professionals apart? A strong desire to perform and a positive mindset are what enables people to excel. With the right attitude and expertise, there’s no reason why you can’t climb the ladder. Read on to learn more about how you can enjoy a successful career in the energy sector.
Improve your soft skills
The oil, gas and energy sector has faced many challenges in recent years. When it comes to professional development and growth in this industry, learning ‘hard skills’ such as forecasting and project management, are often the main focus. However, to have a successful career in the long term, professionals must build on their soft skills. The oil downturn and the COVID-19 pandemic have accelerated trends in the market, such as digital transformation, which means it’s all the more important that energy professionals develop their soft skills to enable them to embrace change and handle new challenges.
For example, as technology has begun to dominate the industry, there is a greater need for professionals with critical thinking and problem-solving skills. With many companies trying to capitalise on the rise of electric power and new technologies, it’s become all the more important that energy professionals have a global mindset and understand the importance of clean energy transitions. Soft skills will always be highly regarded because of how diverse the workplace can be – so they should be a priority for every professional.
Learn to specialise
Becoming a specialist or a generalist in your career is an age-old debate, present in every industry. In the energy sector, however, it’s important to become an expert in a particular area, but have a well-rounded point of view. This means understanding the “big picture”, how the processes flow and connect to your role. For example, the main responsibility of a geologist is to investigate the Earth’s natural resources, collect data and advise on site selection – but they need to understand the engineering process to ensure their examinations are valid. Specialisation allows professionals to have more of a focus and hone their expertise over time. Petroleum engineers, for example, are divided into several different types, including exploitation engineers and drilling engineers. Becoming an expert means you will build more depth of understanding and even position yourself as a thought leader.
Success in any industry is largely dependent on the pool of information or ideas you have learnt from other people in the past. That’s why networking is incredibly important for career growth. It’s vital to build a professional network of trusted and valuable individuals, including colleagues and influential people in the industry. One of the best ways to grow your network is by attending conferences and events, and joining professional trade organisations where you will gain access to an exhaustive network of contacts. Alternatively, you could develop your energy network online, which can be a much more efficient way of building your reputation. For example, LinkedIn has become the ideal platform for building professional networks. It enables continuous growth and the opportunity to join groups. Beyond LinkedIn, however, there are plenty of ways to expand your network. Consider creating a personal website that showcases your achievements and provide details about how people in the energy sector can connect with you. Networking provides an avenue for new opportunities, meeting high-profile professionals from the same career path can serve and support your career growth. Always tap into your network at each stage of your career journey.
Set achievable goals
One of the key elements of career management is planning and goal setting. To make real progress in the energy sector, professionals should set relevant goals that are meaningful and achievable. When you’re busy at work and focused on the details, it can be easy to lose track of your wider objectives and career ambitions. There are hundreds of challenging positions in the oil, gas and energy sector, so make sure your goals are clear, detailed and measurable. For example, if you want to switch from a drilling engineer to an energy driller, you could set milestones along the way that address the key skills you’ve gained that help toward your goal. When professionals have goals, it’s much easier to stay motivated and reach the next level.
Petroplan can help grow your career in the energy sector
The energy sector remains an important and relevant industry in the 21st century and is an excellent career choice for the right kind of professional. At Petroplan, we’ve had years of success recruiting and consulting into the energy and oil and gas sectors for both permanent and contract hire roles. We’ve invested heavily in the renewable sector, recruiting professionals into a wide range of roles. We’re also specialists in the commercial and technology sectors. As a talent and workforce solutions agency, we provide high-quality recruitment consultancy and we take a personalised approach. Our consultants are always up-to-date on the latest trends in the market. Take a further look at our client services here or contact us to find out more about the energy sector and how we can help you develop your career.
The energy sector is a massive industry with a wide variety of professionals in different roles – which means there are always opportunities to meet people and build your network. In the energy sector, strong and positive relationships are vital. The value of improving your network is in building relationships and creating a community of people in the same industry. It’s all too easy to take a passive approach and expect our network to develop on its own, but professionals with strong networks make the effort to connect and reach out to new people. There’s a range of ways to build new relationships and create a quality network. The below tips will help you make the most of your network in the energy sector.
Connect on LinkedIn
Over the years, LinkedIn has become one of the best tools for networking. In building your network, you want your LinkedIn profile to be diverse and focused, with connections to people in the energy sector or to people who have expertise. If you’re just starting on LinkedIn or haven’t been concentrating on it, send connection requests to people with a personalised message to introduce yourself and add context. When it comes to networking, you should also try to engage and reconnect with old contacts, rather than relying on strangers. These contacts can be an excellent way to re-establish a relationship and support each other’s careers.
One of the best ways to make your LinkedIn profile stand out is by asking for a recommendation from people you have worked with, as well as engaging with other people’s posts. It’s not enough to simply add people to your network. Interacting with your connections and engaging regularly by sharing valuable content will help you build stronger relationships with the energy professionals in your network. Linked Jetpack has outlined a few different examples of recommendations in a blog post, which shows the value of having other people vouch for your skills and success. Recommendations show that you’re a trusted and well-respected professional, and they’re a great way of maintaining relationships.
Attend industry events
Industry events and conferences provide an excellent opportunity to expand your network. At these events, you’ll have the chance to meet like-minded people and engage with industry leaders. In the energy sector, there’s a wide range of industry events that professionals can attend. For example, the Society of Petroleum Engineers is the largest member organisation for oil and gas professionals worldwide, and they advertise several different events and training courses, bringing professionals together from all around the world. Furthermore, one of the most well-known oil and gas events is the Offshore Technology Conference, which is sponsored by 13 different associations, including the American Society of Civil Engineers and the American Association of Petroleum Geologists. Attending events, whether in person or virtually, can connect you with key influencers. Also, you can always reach out to people in your network and ask if there are any relevant events or groups to attend. That way, you’ll be able to learn about new groups regularly.
Start a networking group
Alternatively, another way to expand your network is by starting a group of your own and inviting people who might be interested in joining. The key benefit of starting your group is that you’re immediately being positioned as a leader and a specialist in your industry. Networking is all about collaborating and sharing knowledge to help others, and it’s always an opportunity to develop your interpersonal skills. However, it’s important to know that the best networking groups have specific aims. For example, starting a group for young professionals in the energy sector increases the chances of your networking group having a more meaningful impact because it will have a specific focus. Therefore, your networking group must have a clear objective and be grown carefully over time.
Within your network, you need to communicate with people consistently to maintain and strengthen relationships. It’s critical that you follow up after initial conversations at networking events through email or LinkedIn, once you’ve taken a business card. Continuing the conversation after a business event is something people often overlook, but it’s key to developing a long-lasting relationship. When following up through email, you need to make sure you mention something memorable from the event or the previous conversation. Discuss each other’s career goals and ask about any relevant projects your new connection may be working on. The key to successful networking is maintaining a valuable, ongoing dialogue that’s mutually beneficial.
Are you actively improving your network?
Building your network is essential for the growth of your career. At Petroplan, we have an excellent team of consultants who understand the importance of consistently building your professional network. As a specialist talent and workforce solutions business, we’ve established strong relationships with both clients and candidates. If you’re interested in finding out more about networking in the energy sector, contact Roxy Hohls and Lizzie Verbeek or get in touch with our wider team today.
The liquid natural gas (LNG) industry has always been a volatile market, even as it continues to grow and offer businesses more opportunities to save energy. LNG remains one of the world’s fastest-growing fuel resource, as demand has increased following the coronavirus pandemic. Thanks to LNG, natural gas is much more readily available, as it’s transported around the globe in huge tankers, making it a convenient option for businesses and gas producers.
With temperatures rising around the globe, there’s no doubt that energy businesses need to focus their efforts on natural gases to lower the environmental impact. Compared to fossil fuels, LNG has a much brighter future. If managed successfully, the implementation of LNG can improve environmental performance. Let’s take a look at the ways LNG is positive for the global environment and why energy businesses should make natural gas a top priority.
LNG reduces greenhouse gas emissions
LNG is used across many business sectors within the industrial sector, including commercial, marine and road transport – and it’s a clean-burning, low carbon fuel that’s much more efficient and easier to transport. LNG has proven to be better than any other fossil fuel for the environment, as it generates 30% less carbon dioxide than fuel oil and 45% less than coal. The combustion of natural gas evaporates much more quickly in the air, compared to traditional heavy fuel oils, leaving no particles or residue.
This also means there’s far less spreading of oils after LNG spills because it dissipates quickly into the atmosphere. While LNG still does have an environmental footprint, it contributes to far fewer carbon emissions. Data from the Energy Information Administration shows that since 2006, increased use of natural gas has driven carbon dioxide savings. There’s no doubt LNG has played a great role in reducing CO2 emissions globally, and as a cleaner fuel, it’s expected to eventually replace traditional fuels for power generation.
Consistency and reliable supply
Since LNG is a natural gas that has been cooled down to liquid form, it’s much more reliable and can be transported in large quantities. As well as saving on carbon emissions, LNG has a higher energy density, which means more energy can be stored and transported for the same amount of volume. The LNG market has fluctuated over the years, but LNG producers have been able to keep up with the demand. However, production companies need to shift how they conduct business if they truly want to capture the true potential of LNG, as well as to help the save environment. This could include optimising the supply chain, using more energy-efficient equipment, and constantly be on the look-out for energy-saving options.
Cleaner atmosphere and more efficient
LNG contributes to cleaner air in several ways. For example, natural gas burns extremely efficiently, producing mainly heat and water vapour, and it’s much more cost-effective. According to research, natural gas releases 56% fewer greenhouse gases than coal for the same amount of electricity. However, natural gas has often raised concerns because it is made up of mostly methane, which is nearly just as potent as greenhouse gases – and methane emissions are the second largest cause of global warming. Fortunately, we’re in an age where gas transition and distribution companies have the opportunity to utilise technology to help improve productivity and lower the carbon economy. There are a range of new technologies, like microscopic nanotubes that can reduce carbon emissions. In this digital era, LNG producers have plenty of opportunities to apply data and analytic techniques to optimise operations, reducing costs and energy as a result. Above all, LNG has a range of benefits for the environment and according to research, natural gas is one of the main reasons carbon dioxide emissions are at their lowest in almost 25 years.
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