Sustainability Is Next Energy Business Focus

To answer the inevitable question of "What’s next?" when discussing the current economic downturn, Jim Summers, a partner at ERM in Houston, succinctly says it’s sustainability.

Summers was part of a panel discussion on “The Unconventional Revolution” at the Houston Energy Breakfast series Friday. Along with industry leaders David Lee, vice president of Americas at Rigzone; Gary Willingham, executive vice president of Noble Energy and Reagan “R.T.” Dukes, research director at Wood Mackenzie, Summers addressed how unconventional resources have changed the energy landscape.

Sustainability comes down to “caring for resources,” he said, focusing on the planet, prosperity and people, adding “It’s all about maintaining balance.”

To keep things in perspective, Summers noted the dangers of working in the oil and gas industry and the impetus on companies to keep it safe for workers – the people side of the equation.

“It’s more dangerous than flipping burgers,” he said, adding that the fatality rate in the industry is seven times that of others in the United States. Much of that is based on the relatively new workforce in place to manage the shale revolution. Among those injured, a majority have less than six months on the job; 90 percent of them have worked fewer than five years in the industry.

Rigzone’s Lee noted that as a consequence of the increased activity, multiple generations are engaged together in the workforce. In a survey with KPMG, Rigzone found that employers believe cross-generation connection and talent management rank second as a risk factor among industry workers.

The top issue of concern was their workforce’s capability to perform expected functions. As a result, energy recruiters are planning more effort into recruiting, resource development and workforce utilization, Lee said. The group most concerned about these issues are those between the ages of 46 and 55 years old.

An award-winning journalist, Deon has reported on energy, business and politics for almost 20 years.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Deon Daugherty
Senior Editor | Rigzone
 -  The Rigzone Interview: Private Equity ... (Jul 13)
 -  Could Argentinian Politics Beat the Va... (Jul 10)
 -  The Rigzone Interview: Oil, Gas Goes D... (Jul 6)
 -  Deal Of The Month: EQT, Rice Energy Me... (Jun 30)
 -  OpEd: OPEC Production Cuts Fail, Marke... (Jun 27)


Most Popular Articles

From the Career Center
Jobs that may interest you
Administrative Assistant
Expertise: Secretarial or Administrative
Location: Kermit, TX
 
Executive Assistant
Expertise: Secretarial or Administrative
Location: Houston, TX
 
Operations Specialist - DJ Operations
Expertise: Operations Management
Location: Platteville, CO
 
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours