THE economic crisis has forced oil and gas bosses to make tough strategic decisions but also sparked more innovative ways of working.
Riding the Rapids, a preliminary report commissioned by Aberdeen-based energy service firm PSN and law firm McGrigors, reveals that, while some companies are using the recession to cut staff, many are refining the way they do business.
The research is based on interviews with chief executives and directors from major oil and gas operators and contractors in the UK, US and Canada. It is led by Professor Rita Marcella, dean of Robert Gordon University’s Aberdeen Business School.
She said: “Current economic challenges are encouraging senior management to review the slack that inevitably accumulates in a boom and are re-examining the extent to which activity adds to the delivery of core strategic objectives. Findings are still emerging and it will be fascinating to consider the completed report next month.”