The petrochemical, oil, and gas industries continued to experience hiring challenges in 2024. Industry adaptation to global shifts requires companies to address digital transformation, sustainability, and the increasing talent shortage.
Many petrochemical, oil, and gas companies struggled to implement the latest technologies, reduce carbon footprints, and maintain their workforces. As a result, they had to find new strategies to hire and retain employees.
These hiring trends shaped the petrochemical, oil, and gas industries in 2024.
Technological Advancements Shaped Hiring
Artificial intelligence (AI), big data analytics, and automation helped petrochemical, oil, and gas companies improve operational efficiency, lower costs, and make informed decisions in exploration, production, and distribution processes. This use of advanced technologies elevated the demand for engineers, data scientists, IT professionals, and automation professionals to implement and optimize the technologies.
Energy Transition and Sustainability Impacted Hiring
Many petrochemical, oil, and gas companies used data analytics to increase operational efficiencies and reduce environmental impacts in 2024. According to the World Future Energy Summit, data analytics could lower ecological impact and quickly yield returns of up to 30-50 times the original investment by reducing wastage, accidents, and bottlenecks.
Increasing pressure to implement green practices, transition toward sustainable energy sources, and reduce carbon footprints significantly impacted petrochemical, oil, and gas hiring. Skilled professionals were needed to help reach companies’ sustainability goals.
For instance, petrochemical, oil, and gas companies invested in carbon capture technologies, renewable energy projects, and cleaner operational practices to align with global climate initiatives. As a result, hiring environmental engineers, sustainability consultants, renewable energy specialists, and other workers with experience in sustainability and technical knowledge of green technologies was essential.
Talent Shortages Affected Hiring
Many petrochemical, oil, and gas companies struggled to attract and retain talent in 2024. The aging workforce, technological advancements impacting skill requirements, and increasing competition from the renewable energy sector contributed to the talent gap, especially in technical and engineering roles.
Companies offered competitive compensation, flexible work options, and career development opportunities to attract younger talent. They also partnered with educational institutions, developed apprenticeship programs, and hired engineering and technology professionals with transferrable skills to help close the talent gap.
Need Help with Hiring?
If you are trying to hire workers in the oil and gas industries, connect with the experts at Element Staffing.
