The future of the Oil and Gas industry
Where is the oil and gas industry heading? With technology advancements, new markets, diversity and inclusion on business agendas, workplace innovations and the decommissioning of some serious plants, the oil and gas industry is evolving at an ever-quickening pace.
To decipher some of these changes, we selected a diverse panel of oil and gas professionals with our event partner Norton Rose Fulbright to discuss the future of the industry at the Women in Oil and Gas event on Thursday 10 May.
We were lucky enough to hear from leading industry experts including; Deidre Brooks, Manager of Energy Geoscience at Western Australia Department of Mines and Petroleum; Liz Allnutt, Partner at Norton Rose Fulbright and; Bianca Aranha, a Commercial Analyst at Woodside.
The sold-out event saw our panellists discuss a range of topics including whether the decommissioning of various plants is the end or a new beginning of the industry. The mammoth task to decommission a plant, as discussed by Liz Fulbright, only marks an end to one cycle and the beginning of the next and that the change presents an opportunity for companies to introduce innovative technologies, enhance existing infrastructure of the areas occupied and the resale of assets and equipment.
With more than 30 years in the industry, Deidre Brooks commented on the cyclical nature of oil and gas jobs and that for people to succeed in the industry they must embrace change, re-skill, be innovative and think outside the box.
When it came to the topic of diversity in the workplace, Bianca Aranha spoke of the great initiatives at Woodside including a range of organisational groups for LGBQTI and the ‘Gender Equality Matters’ group.
Conversations around flexibility in the workplace among the panellists were also popular including the need for businesses to change their mindsets on staff productivity and that staff don’t need to be in the office to work effectively.
There was also a general consensus about the need for better promotion of STEM subjects in school, to ensure that the future generations in the workforce will be able to fill leadership roles within the industry.