Jun 2008 - OPEC

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Shutterstock Cover Feature <strong>OPEC</strong> bulletin 6/08 14 Wanted: The energy industry cannot thrive without know- how. And that is the human dimension. It is the cog that drives the industry forward. However, over the past decade, concerns have emerged over shortages in the human resource skills base. Some suggest that this could potentially limit the industry’s development, a topic that has been the focus of many industry studies. James Griffin examines the challenges and highlights some of the solutions proposed.
Human resources he global energy system is at the heart of almost everything we do. It impacts us as individuals, as countries, and as a global community. And it is clear that the growing interrelationships between energy, economic growth, the protection of the environment and social progress will see its importance advance further. To support such a global industry requires significant human resources; important not only to the industry today, but also to its future. Currently, however, there are concerns as to the adequacy of the human resource skills base, due to a number of factors. These include a scaling back of the energy sector’s recruitment in the last decades of the 20th T century. Then, many institutions significantly reduced the numbers taking energy-related studies as the industry’s demand for graduates lessened. It needs those numbers today. In recent years, there has also been a dramatic expansion in the service and emerging knowledge economies, which has led to fierce competition for talent. Additionally, there is a large section of the industry’s workforce, particularly what many call the ‘baby boomers’ that entered the industry in the 1970s, that are rapidly approaching retirement. Set alongside this has been the energy industry’s recent considerable expansion that has led to calls for more skilled personnel. Those calls have not always been met. And going forward, it might be expected that these calls will become even louder as the industry continues to expand. What is clear, is that the energy industry, as a whole, needs to expand and evolve its human resource skills base. A number of recent reports underline the industry’s predicament. According to a survey by United Kingdombased Energy Institute, Deloitte and Norman Broadbent, which specializes in the search for executive talent in the energy industry, over 70 per cent of energy companies expect their future operations to be hit by shortages of <strong>OPEC</strong> bulletin 6/08 15
Page 3 and 4: The industry’s human dimension ha
Page 5 and 6: Feature 34 ASPIRE OPEC Fund News 48
Page 7 and 8: Venezuelan Ministry of Energy & Pet
Page 9 and 10: Right (r-l): Dr Hercilio Rivas, Pre
Page 11 and 12: Esam Al Khalifa The visiting Secret
Page 13 and 14: need to deal collectively with the
Page 15: in developing their energy resource
Page 19 and 20: Key findings of the survey conducte
Page 21 and 22: tive; to do something more innovati
Page 23 and 24: CCS: Facing up to the future “Of
Page 25 and 26: The In Salah gas project in Algeria
Page 27 and 28: OPEC bulletin 6/08 25
Page 29 and 30: OMV, with a market capitalization o
Page 31 and 32: three pieces of the integrated proj
Page 33 and 34: From its own strategic vision for 2
Page 35 and 36: Above (l-r): Gerhard Roiss, OMV Dep
Page 37 and 38: By Steve Hughes In energy industry
Page 39 and 40: from across the region and to turn
Page 41 and 42: of an increasingly office-bound wor
Page 43 and 44: The OPEC Award for Journalism — N
Page 45 and 46: Votava/PID n Sunday, April 13, 2008
Page 47 and 48: Jose Hidalgo In his remarks, Häupl
Page 49 and 50: 1926. In going to the leader of the
Page 51 and 52: looking to establish cooperation on
Page 53 and 54: The institution honoured its pledge
Page 55 and 56: nickel prices dropped by 7.4 per ce
Page 57 and 58: d from the previous year and a 12,0
Page 59 and 60: that has been hit by slower economi
Page 61 and 62: Table A: World crude oil demand/sup
Page 63 and 64: Graph 1: Evolution of the OPEC Refe
Page 65 and 66: Table and Graph 6: Caribbean market
Page 67:
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Jun 2008 - OPEC

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