Women gain ground in the oil and gas field
Career prospects for women in the oil and gas industry have improved in recent years and an increasing number of women are taking advantage of those opportunities, according to the majority of energy professionals in the inaugural Global Diversity and Inclusion Report.
The study conducted by international oil and gas company BP and Rigzone, an online resource for the oil and gas industry, examined female representation in the energy workplace from the perspective of 3,000 oil and gas professionals.
While nearly three-quarters of respondents (72 percent) believed oil and gas remains a male-dominated industry, and there is still a lot of progress to be made, the majority of energy professionals said it was quite or very important for the oil and gas industry to ensure it is attractive to women. This finding is particularly relevant given nearly nine out of ten survey respondents were male.
The industry's progress may be most notable in respondents' thoughts about the future. More than 60 percent said they expect the greatest increases in female representation to be among professionals just entering the industry and those early in their career.
“We want women to know that the oil and gas industry has made tremendous strides in recent years and that it offers opportunities not provided by other sectors,” said Kirsty Bashforth, group head of Organizational Effectiveness, BP.
“Whether working internationally or domestically, onshore or offshore, the possibilities are endless. While the industry acknowledges it still has work to do in terms of a gender balanced pool of talent, the results of this survey demonstrate that industry initiatives and programs to engage women about careers in oil and gas are making an impact and we need to keep focused for them to continue to do so.”
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The survey uncovered the barriers and challenges women frequently face in the oil and gas industry, as well as potential solutions for increasing female representation. One in five (20 percent) strongly agreed gender based discrimination occurs within the industry and respondents cited societal conditioning, a lack of qualified candidates and family care responsibilities as most significant barriers to increasing the proportion of women in the industry.
Implementing STEM (science, technology, engineering and math) programs in schools, offering flexible working arrangements and implementing company goals to encourage an improved gender balance were cited as the most important ways to increase female representation.
“We'll never have the best industry if we can't attract the best talent regardless of gender,” said Paul Caplan, president of Rigzone. “While barriers still exist and companies can do more to ensure fairness, an oil and gas career offers tremendous global career opportunities, complex problems to solve and above average pay – all reasons talented professionals should consider energy first.”
Variations by gender
When it comes to selecting an employer, male and female oil and gas professionals were united on the top three decision points: transparency in remuneration structure, availability of mentoring and sponsorship programs and flexible working arrangements.
However, female respondents placed more importance than male respondents on mentoring and sponsorship programs and pay transparency, while male respondents placed more importance on companies offering childcare specific benefits. At the same time, both men and women placed nearly equal importance on flexible work arrangements when selecting an employer.
In respect of pay, nearly half (47 percent) of respondents believed gender plays a role in setting remuneration. However, when asked specifically who is more highly paid, just 36 percent of respondents said male oil and gas professionals are more highly paid than female oil and gas professionals and 44 percent of oil and gas professionals noted they believe pay is comparable between the genders.
Variations by region
While 62 percent of respondents felt the number of women working in oil and gas has increased globally, 80 percent of oil and gas professionals in South America agreed with this statement compared to only 52 percent in Europe, the lowest proportion from any work region.
Encouragingly, respondents based in both Africa (60 percent) and Asia (64 percent) agreed or strongly agreed that women have equal opportunities to men for advancement to management positions in the oil and gas industry compared to 54 percent globally.
Canada had the highest proportion of respondents (78 percent) who said career prospects had improved for women, while European-based energy professionals had the lowest proportion of respondents (35 percent) that believed gender discrimination was common in the industry.
Finally, respondents in the U.S. were more positive about the career prospects for women in the industry, with 75 percent believing they have improved in recent years. A slightly greater percentage also agreed that gender diversity has improved in recent years.
However, 31 percent of U.S. oil and gas professionals believe they have lost out professionally due to their gender and not their ability. This is the highest proportion of respondents from any region globally.
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.