The Great Resignation has struck all industries, leaving employers scrambling to try and fill the skill gap. For the oil and gas industry, the skills gap is even wider, because there's also an age gap. The average age of someone working in the oil and gas workforce is 56, and over...
Years ago, Texas was a predominantly rural state. Populations of cities and counties in the late 1800s and early 1900s were much more evenly distributed back then. If we look back to the 1860s, we would note that nearly 60 percent of the U.S. workforce consisted of farmers. In...
For public companies with a Dec. 31, 2018, fiscal year-end, new hedge accounting rules will become effective Jan. 1, 2019. The FASB issued the new hedge accounting guidance Aug. 28, 2017, through Accounting Standards Update (ASU) No. 2017-12. The ASU provided the election to early adopt the new guidance...
Many oil and gas companies have recognized the need for faster and more efficient business processes to compete in a more technology-driven world. Acting as a catalyst in this technological transformation are Environment, Health, and Safety (EHS) and Environmental, Social and Governance (ESG) programs. With a heightened global focus...
Three of the world’s biggest oil companies — BP, TotalEnergies and Shell — won acreage in Scotland’s biggest offshore wind power tender in January. This should have pleased their ESG shareholders, who have been pushing for greater climate-related commitments. But let’s pause for a moment.
ESG is an abbreviation that’s...
While the battery electric vehicle (BEV) has been stealing most of the attention in the world of clean transportation, one lesser-known alternative is quickly gaining traction – the hydrogen fuel cell electric vehicle (FCEV). The FCEV is powered by green hydrogen, a rapidly growing industry in both the US...
SHALE Magazine was recently granted the privilege of touring Deloitte Consulting’s Greenhouse, located in Houston, Texas. This 14,000-square-foot Greenhouse is a powerhouse of individualized innovative business strategy, and is able to create a bespoke experience for the client, from the Immersion Dome all the way to the guardrails on...
When and where does leadership start? It begins in childhood and develops throughout a lifetime. One’s values and belief systems form the behaviors they bring to leadership. Their self-esteem and self-image play a huge role in the confidence they project. Business acumen, critical thinking and experience contribute to their...
Employee engagement is an issue for many industries that rely on frontline workers. But energy and utility companies face unique challenges when it comes to connecting with workers. A widening skills gap and a growing labor shortage are adding up to a disconnected workforce.
In fact, only 52% of utility...
Have you considered a change of scenery, but don’t know where to start? Different cities offer various opportunities and pay ranges for management positions that should be considered before making any life-changing decisions. Which cities in the United States provide the best opportunities for senior management roles? Conversely, which...
