Political, environmental and technological drivers have exposed the energy and natural resources sector to change on an unprecedented scale.
The oil and gas industry is responding to an oil price half its recent peak; changing the economic balance between offshore, onshore, shale, and fracking production. The mining sector is also responding to increasing costs and international concerns over environmental impact.
The power sector is responding to the climate change agenda, partly through reducing carbon emissions, but also through continued investment in established renewable technologies like solar and wind, and in emerging technologies such as tidal and wave power.
This changing landscape requires companies to challenge the shape of their organisation and the skill mix within it.
The energy sector is a strategic asset for Russia, with the state and companies close to the state owning much of the market. For the several market leaders that produce much of Russia’s enormous energy volume, implementing global best practices is a key target.
Odgers Berndtson’s global Energy Practice supports energy companies and service providers across Russia in recruiting talented leaders with the skills set to transform their organisations.