Oil companies find shortage of engineers

USAtoday reports on an article titled, Oil companies scramble to find engineers.

Bustling oilfield activity and retiring baby boomers, among other factors, have petroleum outfits large and small trying to hire thousands of engineers, and experts say the trend is expected to extend into the next decade as worldwide energy demand grows.

"I've talked to quite a few of my peers, and we know we're in a good spot," Cornell University's Reasor said as she and Arsenault, of the Massachusetts Institute of Technology, took part in a week-long recruitment program sponsored by Royal Dutch Shell's U.S. arm. "It's nice to know we're needed."

Management consulting firm Oliver Wyman says roughly eight in 10 global oil and gas companies forecast a shortage of petroleum engineers through at least 2011. The American Petroleum Institute said U.S. energy companies will need at least another 5,000 engineers by decade's end.

Fossil fuels — despite efforts to find and market alternative fuels — will continue to be the world's primary energy source for the foreseeable future, making petroleum and other engineers vital for finding and extracting oil and natural gas from all around the world.

And demand is only going to grow.

The shortage of engineers has been caused in part by the upsurge in exploration and a wave of retirements from baby boomers who have spent 25 to 30 years on the job.


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