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Over 84% of global energy derives from hydrocarbons which is accounted for by a daily production of over 97 million barrels per day.
The upstream oil and gas sector also known as exploration and production (E&P) covers the search, recovery and production of crude oil and natural gas. Our portfolio of clients within upstream oil and gas include both Major and Independent E&P’s, Service Providers and Manufacturers spanning from Alaska to Auckland.
Despite the decline of crude revenues in late 2014 many companies recognise the challenges of maintaining a skilled labour force and thus continue their efforts in attracting young people to work in the oil and gas industry. The boom-bust cycle and periodic mass layoffs in the industry pose a challenge to retain competent labour forces. These market forces coupled with the skills gap generated from the ever increasing engineering challenges the industry faces and regularly overcomes make talent acquisition a determining factor between success and failure.
The downstream oil and gas sector commonly refers to the refining of petroleum crude oil and the processing and purifying of raw natural gas, as well as the marketing and distribution of products derived from crude oil and natural gas.
The downstream sector touches consumers through products such as gasoline or petrol, kerosene, jet fuel, diesel oil, heating oil, lubricants, waxes, asphalt, natural gas and liquefied petroleum gas (LPG) as well as hundred of petrochemicals.
Walter Hewitt has increasing volumes of work within downstream oil and gas working with refining & transportation companies and large engineering contractors.