Getting Into The Oil And Gas Industry – ‹ Back How to Break into the Oil and Gas Industry Posted on April 14, 2014 by Tom Haggs
OIL & GAS graduates are among the world’s highest paid first-time jobs – if not the highest. Starting salaries for petroleum engineering graduates in the US approach six figures, while oil and gas graduates in the UK can expect to start. Over £30,000 a year. With opportunities to work worldwide, competition for graduate jobs in the oil and gas industry is fierce.
Getting Into The Oil And Gas Industry
There are many routes into major companies that are offered to graduates. BP offers plans in all three main areas; Engineering, Business and Professional and Science and Mathematics. E.ON and Exxon Mobil offer similar programs, but smaller firms such as NOV and Palantir offer only a handful of graduate programs in engineering departments.
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Oil and gas firms accept graduates with varying degrees for their graduate schemes – unless they are from a university humanities faculty. They are more interested in science and engineering graduates, as well as maths and geography-based qualifications. A severe skills shortage means that the starting salary for a student on an engineering master’s program in the UK is around £29,000. ($49,000)
Some of the majors in oil and gas jobs are chemistry, chemical engineering, physics, mathematics, and geology. Similarly, environmental scientists and economists also do well in industry. These degrees are sought after by companies for the more hands-on, hands-on side of the business, but there are opportunities to break into oil and gas without being a rocket scientist. Most oil and gas companies have large legal departments due to the nature of the work. Environmental lawyers, as well as corporate lawyers, are employed by these companies to deal with the complexities of the law, but there are no graduate schemes for lawyers within the companies. Large oil companies typically poach and hire from large law firms.
Work experience and internships are also essential to convince a firm to hire them for a graduate program. A first-class degree in biochemistry is not a golden ticket to industry. Almost all graduate programs look for previous experience, and you probably won’t be considered without it. This is especially true on the engineering side of the business, and if you want to work on an offshore oil rig, many companies state that you must complete “marine survival training” before applying.
What Does The Future Of Oil And Gas Look Like?
One of the world’s largest oil and gas companies, Shell makes the perfect graduate. “We are looking for people with intellectual, analytical and creative abilities to learn quickly, identify problems and propose solutions.” So if you are a creative quick thinker with problem solving skills, an engineering degree and a month of work experience, then you have a very good chance of landing your first well-paying job in oil and gas. industry. If you are interested in the energy market sector, a career in the oil and gas industry may be a good career path for you. Jobs in this field pay well, although they require hard work and, in many cases, long periods of work outside the home. Learn some basic facts about this industry so you can make an informed decision about whether it might be right for you.
There are a variety of career paths in the oil and gas industry, some of which are classified as oilfield (labor) positions and others as professional roles that require advanced education, specialized scientific knowledge, and technical experience.
Working as a laborer in the oil and gas industry is a very physically demanding job. These jobs not only require lifting and other manual labor, but typically require 12-hour shifts. These jobs typically do not require education beyond a high school diploma or equivalent, although mechanical ability and a willingness to work hard are important. According to the Bureau of Labor Statistics (BLS), the average salary ranges from $50,000 to more than $65,000 per year. Examples include:
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Working in a professional role in the oil and gas industry involves highly specialized education and training. These jobs often involve long hours and require workers to be physically present at oil and gas production facilities, from oil rigs to hydraulic fracturing (fracking) sites. BLS data indicates that these positions often pay more than $100,000 a year. Examples include:
So are core industries a good career path? It might be, but not for people who work in the oil and gas industry, especially, looking for a desk job that allows them to keep their hands clean. It’s not just the workers who get their hands dirty in this industry. As workers, engineers and scientists also spend a lot of time in the fields. If you are looking for a high-paying job where you can be active and play a role in providing the energy needed to power the world, this could be the perfect career path for you. Even with so much focus on renewable energy, the oil and gas industry is poised for continued growth. If that changes, the skills learned in this field can help you prepare for other industry careers. You can also apply your experience in this field to work in other aspects of the energy sector. Getting into the Oil Business – How to Start Your Own Company Starting your own company in the oil and gas industry can be demanding. The capital you need to invest, the time you need to develop the business and your expertise.
Nevertheless, this is an industry where multi-millionaires are emerging and the ROI results are so high compared to any other industry, all your trouble and effort is worth it.
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If you have previous experience in the field and are thinking of starting your own oil company, here are a few things to keep in mind.
There are all kinds of companies in the oil and gas industry, from drilling your own wells to building your own gas station. You can choose from many different options – be a service company, sell products and parts needed in the industry, or choose to enter the oil spill cleanup business.
Although the amount of capital required to enter the oil and gas industry can be high and raising can be very difficult, determining where to invest your money will depend greatly on your skills, previous business experience and your experience.
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Before taking any risky step, you should analyze your motivation for investing in this area and evaluate your strengths and talents. Estimating the capital required to start this type of venture will help you make a wise choice.
Once you have a clear idea of what you want to focus on, you should create a detailed business plan and list all your resources and your liabilities. Your business plan should include all expected operating costs, including insurance, permits, licenses, salaries, and running costs.
Think of your business plan as a framework for running your business. Also, if you are thinking of applying for a loan or want to convince investors to invest in your company, your business plan will be a useful tool.
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If you have no experience creating a business plan, you can find templates that you can download.
Once you’ve determined which type of oil business suits your skills and calculated the start-up and operating funds you’ll need, the next step is to make sure you can get enough capital.
No matter what type of company you want to start in this field, a lot of capital is needed to start up, so there’s a fair chance you’ll be looking for investors. Angel funds and private equity are common types of investment in the oil business, but banks can also finance startups in the industry.
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Human capital plays an important role in the implementation of this type of enterprise. You need to determine how many employees you need to hire and whether they are experienced and trained enough to do their jobs successfully.
In addition to administrative staff to manage your office and field workers, you may need to hire a team of professionals, such as chemical engineers or geologists. Hiring people who have previous work experience in this industry, who know the technology and are familiar with the whole process can bring many benefits to your startup company.
To secure and protect your business and your investment, make sure you use top-notch tools. This is very important when it comes to working directly in the oil production business because you need to be sure that all your pipelines, controls,
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