The term energy transition carries a spectrum of meanings depending on whom you ask. For some, it signifies a shift toward alternative energy sources, decarbonization, or advancements in energy storage. For others, it revolves around cost-effective electricity transmission and delivering affordable energy. At its core, these perspectives converge on the inevitable need for a paradigm shift in how we think and operate within the energy landscape.
In the oil and gas sector, embracing this mindset is especially critical as it lays the foundation for empowering the next generation of professionals to navigate and thrive in a transforming industry.
This article draws on the author’s professional experience and insights from industry leaders to explore how young professionals can navigate the oil industry’s cyclical booms and busts. It also highlights the value of leveraging global resources and programs like SPE to foster growth in technical careers within the industry.
The Cyclic Nature of the Oil and Gas Industry
The oil industry is inherently cyclic, characterized by alternating periods of booms and downturns. My career trajectory mirrors this dynamic pattern. I began my journey in 2008, during a time of industry optimism. However, just weeks after joining, the infamous oil price crash hit, shaking global markets and altering the course of the industry. Since then, I have navigated multiple cycles, each presenting its own set of challenges and opportunities, each cycle presenting its unique flavor.
For example, during the 2008 downturn, the core survival mantra for companies was cash preservation. One of my biggest takeaways was "every dollar counts," which I have applied to evaluating projects at work and managing personal finances.
The 2020 downturn, on the other hand, emphasized the need for innovation while demonstrating capital discipline. For instance, a project with a stellar production forecast may not be the best investment if it has high finding costs.
I have learned that staying relevant and agile is crucial in such an environment. For me, maintaining relevance has meant continually broadening my expertise as a reservoir engineer. I had started in the Permian fields, transitioned into international roles, and now manage higher-stakes fields in the deepwater Gulf of Mexico.
Utilizing Resources to Stay Relevant
Remaining competitive in the evolving landscape of oil and gas requires a combination of upskilling, networking, and mentorship. These strategies have been instrumental in shaping my journey.
Upskilling: Practical insights gained through on-the-job learning have complemented formal training and technical papers accessed via platforms like OnePetro and the Journal of Petroleum Technology (JPT).
Engaging in technical communities, such as study groups and sections within SPE has enriched my understanding and kept me informed of the latest advancements
T-Shaped professional journey: Choosing where to focus your efforts, whether in broadening roles or honing niche expertise, is another critical aspect. I have explored diverse roles within my organization, built connections through SPE workshops, and attended industry events to continually expand my knowledge.
Networking: Whether presenting at internal conferences, publishing articles in platforms like JPT and SPE’s The Way Ahead (TWA), or participating in industry webinars, I’ve found that socializing work not only enhances visibility but fosters collaboration.
Mentorship: Finally, mentorship has been a two-way street. As a mentor, I’ve shared experiences with younger professionals, and as a mentee, I’ve gained invaluable insights from seasoned leaders. Programs at work, SPE’s global mentoring initiatives, and outreach activities for my alma mater have all played a role in this mutual learning process.
Insights From Industry Leaders
To guide the next generation of professionals, here are valuable insights and advice from industry veterans and thought leaders on career choices and future trends.
Career Choice Between Academia vs. Industry
Many industry leaders emphasize the flexibility of career paths in the oil and gas sector, which contrasts with the common perception of a rigid trajectory.
Nathan Meehan, 2016 SPE President, and a professor at Texas A&M, highlights the value of advanced degrees in broadening opportunities, noting, "Advanced degrees help step across organizational boundaries." Over the course of his successful career, Meehan has held executive roles in industry and thrived in academia.
This perspective is shared by Miguel Saldana, a consultant and adjunct professor, who has achieved success both in academia and industry. Saldana believes that one of the most effective ways to learn is by preparing to teach a class.
James Humfrey, CEO of the Morocco UK Power Project, renowned for his strong leadership, advises professionals to seek learning opportunities, consider role changes when necessary, and establish career checkpoints.
In summary, both academia and industry offer valuable experiences, and the most effective way to build a well-rounded career is to bridge the gap between the two by fostering communication and building connections.
Choosing Your Career Path: Generalization or Specialization
Insights from the 2023 SPE TWA Energy Influencers reveal that there is no single, definitive path to success in the oil and gas sector. Akos Kiss, department manager at OMV, advises professionals to "be flexible and open to deviations in career plans," recognizing that adaptability is key. Gabrijel Grubac, senior completions engineer at Mazama Energy, encourages individuals to "understand the bigger picture regardless of the path," highlighting the importance of a holistic approach. Tarek Nigim, CFD engineering specialist at Holtec International, underscores the need to stay informed and align skills with evolving market demands.
Ultimately, both generalization and specialization have their place, and the key is to remain adaptable while ensuring that your expertise aligns with industry needs.
Future Roles in Energy Transition
The energy transition is shaping the future of the oil and gas industry by creating new roles, while still preserving traditional ones. A general manager for capital projects at a major oil and gas company points out the increasing demand for "T-shaped engineers" who possess deep knowledge in one area but also have broad expertise across other disciplines.
Mohan Kelkar, a professor at The University of Tulsa, reassures that "conventional technical roles are not going away," ensuring that there will still be opportunities for those with specialized skills.
Doug Conquest, VP of low carbon ventures at Oxy, advises professionals to "expand your knowledge base to include CO2 sequestration and new energies," suggesting that future roles will require a balance between traditional skills and new technological advancements.
In conclusion, while the energy transition is creating new opportunities, it will also require professionals to expand their skill sets to stay relevant. In the years ahead, resource allocation will be a critical skill for professionals. Balancing cash-generating assets with the emerging growth engines of the future will be essential for success.
Mantras for a Successful Career
Empowering the next generation in oil and gas requires a clear roadmap. Key principles include planning a career with defined checkpoints, building robust networks, continuously upskilling, and staying flexible to adapt to market dynamics.
The oil and gas industry, while cyclic, is filled with opportunities for those willing to learn, adapt, and innovate. By staying relevant, embracing change, and seeking mentorship, the next generation can not only navigate this dynamic landscape but thrive within it.
Leveraging global resources such as SPE can help achieve these objectives and ensure long-term success in a rapidly evolving industry.
