May 17, 2020

Women gain ground in the oil and gas field

Admin
4 min
Women in oil and gas industry
[email protected] Make sure to check out the latest issue of Energy Digital magazine Career prospects for women in the oil and gas industry have imp...

Make sure to check out the latest issue of Energy Digital magazine 

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.”

Read more stories about the oil and gas industry:

U.S. energy companies worst at advancing women 

New skills to improve oil and gas professionals

Shale gas could employ millions in Europe

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.

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Jul 26, 2021

Ofwat allows retailers to raise prices from April

Ofwat
Utilities
water
prices
Dominic Ellis
3 min
Ofwat confirms levels of bad debt costs across the business retail market are exceeding 2% of non-household revenue

Retailers can recover a portion of excess bad debt by temporarily increasing prices from April 2022, according to an Ofwat statement.

The regulator confirmed its view that levels of bad debt costs across the business retail market are exceeding 2% of non-household revenue, thereby allowing "a temporary increase" in the maximum prices. Adjustments to price caps will apply for a minimum of two years to reduce the step changes in price that customers might experience.

Measures introduced since March 2020 to contain the spread of Covid-19 could lead to retailers facing higher levels of customer bad debt. Retailers’ abilities to respond to this are expected to be constrained by Ofwat strengthening protections for non-household customers during Covid-19 and the presence of price caps.  

In April last year, Ofwat committed to provide additional regulatory protection if bad debt costs across the market exceeded 2% of non-household revenue. 

Georgina Mills, Business Retail Market Director at Ofwat said: “These decisions aim to protect the interests of non-household customers in the short and longer term, including from the risk of systemic Retailer failure as the business retail market continues to feel the impacts of COVID-19. By implementing market-wide adjustments to price caps, we aim to minimise any additional costs for customers in the shorter term by promoting efficiency and supporting competition.”  

There are also three areas where Ofwat has not reached definitive conclusions and is seeking further evidence and views from stakeholders:   

  1. Pooling excess bad debt costs – Ofwat proposes that the recovery of excess bad debt costs is pooled across all non-household customers, via a uniform uplift to price caps. 
  2. Keeping open the option of not pursuing a true up – For example if outturn bad debt costs are not materially higher than the 2% threshold. 
  3. Undertaking the true up – If a 'true up' is required, Ofwat has set out how it expects this to work in practice. 

Further consultation on the proposed adjustments to REC price caps can be expected by December.

Anita Dougall, CEO and Founding Partner at Sagacity, said Ofwat’s decision comes hot on the heels of Ofgem’s price cap rise in April.

"While it’s great that regulators are helping the industry deal with bad debt in the wake of the pandemic, raising prices only treats the symptoms. Instead, water companies should head upstream, using customer data to identify and rectify the causes of bad debt, stop it at source and help prevent it from occurring in the first place," she said.

"While recouping costs is a must, water companies shouldn’t just rely on the regulator. Data can help companies segment customers, identify and assist customers that are struggling financially, avoiding penalising the entire customer in tackling the cause of the issue."

United Utilities picks up pipeline award

A race-against-time plumbing job to connect four huge water pipes into the large Haweswater Aqueduct in Cumbria saw United Utilities awarded Utility Project of the Year by Pipeline Industries Guild.

The Hallbank project, near Kendal, was completed within a tight eight-day deadline, in a storm and during the second COVID lockdown last November – and with three hours to spare. Principal construction manager John Dawson said the project helped boost the resilience of water supplies across the North West.

“I think what made us stand out was the scale, the use of future technology and the fact that we were really just one team, working collaboratively for a common goal," he said.

Camus Energy secures $16m funding

Camus Energy, which provides advanced grid management technology, has secured $16 million in a Series A round, led by Park West Asset Management and joined by Congruent VenturesWave Capital and other investors, including an investor-owned utility. Camus will leverage the operating capital to expand its grid management software platform to meet growing demand from utilities across North America.

As local utilities look to save money and increase their use of clean energy by tapping into low-cost and low-carbon local resources, Camus' grid management platform provides connectivity between the utility's operations team, its grid-connected equipment and customer devices.

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