Worker walking a oil and gas field

The great energy transition: What’s next for talent in oil and gas

This report looks at the oil and gas workforce as it transforms, including its roles, skills, and future readiness.
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Overview
Summary

Big energy companies are spending billions on renewable energy, increasingly making biofuels, investing in carbon capture and storage, and even buying renewable energy companies.

With that backdrop, this report looks at the oil and gas workforce as it transforms, including its roles, skills, and future readiness.

You’ll find in the report:

  • Upskilling/reskilling the energy workforce
  • Broadening your talent pool by hiring potential
  • Calibrating roles with future skills
  • A fascinating look at how much skills in the industry have changed in just ten years

About This Report

Eightfold Talent Insights Reports contain the findings and insights of Eightfold’s research and analysis garnered from its Talent Intelligence Platform. This deep-learning platform is powered by the largest global talent dataset to reveal people’s skills and potential as well as workforce trends across sectors and demographics.

For this analysis of talent in the oil and gas industry, Eightfold analyzed approximately 250,000 publicly available profiles from top oil and gas companies, and 15,000 profiles from top renewable companies for comparison purposes.

With data-driven insights, oil and gas companies can address their needs to transform, primarily through upskilling/reskilling their workforces, calibrating roles with future skills, and hiring for potential.

Big energy companies are spending billions to move into renewable energy, increasingly making biofuels, investing in carbon capture and storage, and even buying renewable energy companies.

With that as the backdrop, what follows is a look at the oil and gas workforce as it transforms, including its roles, skills, and future readiness.

We find that energy companies have tremendous potential to build the skills mix they need. As the industry increases its renewable energy investments, talent intelligence will show organizations exactly which talent can do what.

Oil and Gas and Renewables Each Have Advantages

We took a look at the makeup of both the oil and gas workforce, as well as the renewable energy workforce. (Of course, many oil and gas companies are leaders in renewable energy

as well, but for these purposes, renewable energy companies are those that do business predominantly or exclusively in that area).

When looking at the prevalence of various skills in their organizations, oil and gas companies have a number of skills advantages in areas you might expect: upstream operations, oilfield experience, and chemical engineering, for example. On the other hand, renewable energy companies have the skills edge in electrical engineering, AutoCAD, and manufacturing, among others.

Beyond just comparing the oil field with solar and such, we dug into areas like digital skills. Renewable companies have a substantial edge in many of the digital skills that are on the rise, such as Python. In contrast, the oil and gas companies’ digital edge centers around SAP, IT management, business analytics, and software documentation.

 

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