Published: 13 Mar 2018
Gavin Peavoy, Managing Director at NES Global Talent, an industry-leading recruitment agency provides insights into the future of the energy market, including how tech has transformed the energy recruitment industries. Peavoy, who has represented NES Global Talent across the European and African energy sectors for nearly ten years highlights the emerging projects and likely industry ‘hot-spots' for 2018.
The rise of technology in energy
The development of innovative technology and how it can be utilised has led to significant developments in the energy market and how businesses operate. Peavoy describes the considerable changes that have occurred in both the energy industry in terms of its focus and within the recruitment sector itself.
Today, business is won by having the ability to demonstrate better performance through a combination of data and technological solutions, explains Peavoy.
“The recruitment industry is now more targeted on technology which allows the demonstration and monitoring of efficiency, and NES place a significant focus on investing in technology and the necessary tools that will attract candidates and generate better performance”.
Whilst there have been significant changes in the market, Peavoy emphasises the core focus of NES being the customer, which includes both candidates and clients. The process of how clients work and their expectations have changed over the years. Designing a strategy based on their requirements and providing a unique business solution requires additional planning and investment.
Oil and Gas
Peavoy explains that 2017 was a highly positive year for NES and the wider energy market. In recent years, the core oil markets witnessed a deep recession, leading to cost cuts in headcount and clients streamlining their supply chain. Peavoy highlights that the sector is looking more positive now, with the construction of large-scale projects, including the Coral LNG project in Mozambique and the TengizChevroil (TCO) site in Kazakhstan.
Both projects have already impacted the overall demand across the supply chain. Peavoy believes developments like this are a positive sign, suggesting the additional demand will generate further opportunities in 2018.
There are several key locations that are generating significant momentum in the oil market. Peavoy emphasises the TCO development in Kazakhstan and the number of opportunities that will arise as a result of this project.
Elsewhere, West and North Africa namely Ghana, Mauritania, and Senegal are all showing positive signs of market growth. Across East Africa, projects in Tanzania, Uganda, and Mozambique are emerging and continuing to create a series of new opportunities within the industry. Peavoy also highlights that the core functional locations in Europe for the oil sector including London, Paris, The Hague and Stavanger will also experience a distinct upturn in development.
Whilst NES covers 5 distinct sectors (Oil and Gas, Power, Manufacturing, Construction, Infrastructure, and Biosciences), Peavoy suggests that their predominant focus in terms of investment is in the energy industry. The power market is a strong focus, and delivering a strategy to support the asset owners in key projects, both existing, and ones in emerging markets, is essential. There is a growing number of opportunities available in power, wind, solar, battery storage and the wider grid asset market.
Peavoy highlights the UK has a significant focus on the power market, highlighting the supply chain support for several key projects including Hinkley Point and East Anglia One (EA1). Outside of the UK, the region of North Africa, specifically Algeria and Libya are continuing to create a number of new opportunities within the power sector.
Peavoy explains how more oil and gas businesses are diversifying and looking to invest in emerging and rapidly developing alternative energy markets.
“A large focus for many core upstream clients is now being placed into diversifying into the renewable energy market. Core asset owners are looking very closely at global renewables projects, and leading oil businesses are showing their commitment to the market by investing in a range of wind and solar projects”.
According to Peavoy, the European renewables market continues to be of particular importance with France and Denmark being highlighted as the two key areas where further opportunities will likely be created.
NES Global Talent works across the global energy markets, providing staffing solutions to the oil, power and renewables sectors for both existing and new projects.
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