Académique Documents
Professionnel Documents
Culture Documents
Karen Hattenbach (Europe Campus) Felinda Romano/ Jesmin Tan (Singapore Campus)
Table of Content
Introduction of the industry
Energy Sources
Industry Players Type of jobs and Career Path
Development programmes
Internships Resources
16 years of international Corporate Relations Building, Career-and Events Management Worked and lived in France, Germany, UK, and Belgium. Last 10 years with INSEAD Career Services, strengthening Corporate Outreach to Industry. Advised numerous MBAs on their strategy to join Industry as well as Corporate Partners eager to attract leadership talent from INSEAD. BA Business Administration
PRODUCTION IN 2010
At world level, primary energy production increased by 4% in 2010 after a 0.6% reduction in 2009. This increase was supported by strong dynamism in several developing countries. Asia accounted for almost half of the increase and now represents 30% of total energy production (same as for OECD countries). Production soared by 8% (180 Mtoe) in China, the largest energy producing country with 18% of the total, and grew by 6% in Russia (70 Mtoe) as a result of the strong increase in gas production. Primary production increased to a lesser extent in OECD countries (2.3%), driven by 2.5% growth rates in North America (52 Mtoe) and in the European Union (20 Mtoe). Oil and gas producing countries in the Middle East posted a 3.6% increase in production in 2010 (56 Mtoe). In Latin America, a 6.6% increase in Brazilian energy production offset reductions in other countries and resulted in a 2% regional growth rate
China USA
692 682 488
2500 2000 1500 1000 500 0
India
330
Russia
Japan
Germany
Source: enerdata.net
USA
396
244 174 164 121 121
781
USA China
406 183 152 129 103
China
Russia Japan India
400 200
0
Japan India
Russia
Germany
South Korea
Source: enerdata.net
Russia USA
158 98 82 77
Source: enerdata.net
Coal
Services Companies
for Exploration and Production
Utilities
Electricity Providers
Equipment Makers
i.e. boilers, turbines, compressors, control systems, drilling equipment
Shell
BP
Total Chevron Exxon Mobil ConocoPhillips Statoil Hydro Petrobras Gazprom Sinopec China National Petroleum ENI PDVSA
Chevron
Total Glencore Teco Mitani Mitsubishi Schlumberger Halliburton Weatherford Baker Hughes J.Ray Mc Dermott
OAO Gazprom E.ON GDF Suez EDF ENEL RWE Suez Tokyo Electric Power Centrica Iberdrola Vattenfall Scottish and Southern Energy Endesa Tenaris Emerson Schneider Electric Hitachi ABB Cooper Industries Rockwell Automation Ingersoll Rand
Huadian Power
Reliance Infrastructure China Shenhua Energy China National Coal UK Coal
Honeywell
Idex
Geopolitical shifts
Energy security and resource nationalism Accessibility & development getting more stringent NOC & IOC becoming IOCs of the future
Technology
Need for technology improvement (new projects, more complex, resources less accessible) Increased use of Services providers Higher financial risk due to project delays, lack of skilled staff, or failures
Environmental Threats
37 industrial countries to reduce GHG emissions by an average of 5% against 1990 between 2008 and 2012 (Kyoto) and probably 50% by 2050
Solar
In an hour, enough sunlight hits the earth to meet the planets entire energy needs for a full year. Clean Energy trends predicts solar photovoltaic industry will expand more than 270% by 2018. Plus, this years stimulus package included 19 provisions for aiding the solar industry and could create 110.000 jobs, according to the Solar Energy Association. Main markets: Spain, Germany, Italy, US, France, Greece, South Korea
Geothermal
Many countries already use geothermal power to generate some electricity, from the US to Europe to New Zealand. In Kenya, the government wants heat beneath the crust of the earth to supply 25% of the countrys energy needs by 2017. In Iceland, it already accounts for almost that much (19,1%).
Hydro-Electricity
Hydro Power is one of the widely used renewable sources of energy. It produces inexpensive, pollution free electricity. Being a mature technology, hydro Power is experiencing little innovation. The companies developing hydro Power are engaged in development, equipment manufacturing, distribution, operation, and maintenance. The market has more than 80 major players involved in the above activities globally. Future outlook for hydro Power market shows high growth in overall hydro Power technologies due to increase of requirement of electricity and governments supporting in terms of favorable policies and incentives, funding programs and advantages over other renewable energies is increasing the hydro Power installation capacity worldwide.
Biomass
Electricity generation from incinerating biomass is increasing throughout the world. Over the past five years, almost 800 power plants with a capacity of more than 8,700 MWel came on line. In Europe alone, there are more than 1,000 active biomass power plants. In the five years to come, a worldwide growth of up to 12,000 MWel can be expected.
Source: Renewablesenergymagazine.com
Vestas Siemens Sharp Areva GE Nuclear Exelon Corp British Nuclear ABB REC Sunpower Corp Solarworld AG Shell Solar Q-Cells First Solar Suntech Power Holdings GE Energy Gamesa Iberdrola Enercon Suzlon Siemens Acciona Goldwind ABB BC Hydro Dragadis Ecowatt Electroabel Hydrowatt Pacific Hydro Ltd Scottish Power Voith Siemens Hydro Abengoa Bioenergy Corp Aventine Renewable energy Holdings Biodiesel Industries Green Star Products Imperial Western Products Sequential Biofules
Nordex
Sinovel Airtricity
For a extensive list, please refer to the Reference Section in the Library:
Need to invest in research, building infrastructure, exploitation Governments take a new look at Nuclear Power Governments encourage Alternative Fuels and Conservation through programmes and incentives Home and Commercial Buildings go green Alternative Energy attracts significant Venture Capital
MBA Hiring
Oil&Gas US centered MBA programmes: Chevron, Exxon Mobil, ConocoPhillips Europe/Asia MBA Hires: Shell, Total (only UK), BP
Equipment Makers + Service Providers MBA/Experienced hires: Emerson, Schneider, Schlumberger, FMC Technologies, Transocean, Eaton Other Energy Sources starting to look at international talent recruitment: Areva, Vestas, Gamesa, mid-sized players and start ups on an ad hoc basis Energy Trading Ad hoc opportunities: RWE S&T, Eneco, Cargill, trading arm of banks Energy Consulting Inhouse Consultancies of Major Oil&Gas Cos, Energy Practice of Major Management Consultancies, Specialised Consultancies (i.e. SBD, Molten), Energy Finance opportunities often not advertised through on campus recruitment: VC/PE Firms, I-Banks
Hiring at INSEAD
Rolls Royce Schlumberger Total E&P/UK FMC Tech.
Acciona
TNK-BP
ENECO
Looking more for specialists then generalists. Prefer people with experience. Have relaunched Future Leaders Programme. Applications open via their website.
Opportunities for internships and full time in their INSIGHTS team: Explains the issues and opportunities surrounding climate change and carbon reduction, developing low carbon strategies that engage government and business. Internal strategic consulting. Policy advice. 20 people in the team. Look for consulting profiles.
Corporate Sponsorship programme in US, and increasing number of direct hires under this programme, also in Europe with some focus on developing regions such as Eastern Europe and Russia. Direct entry roles varied, recently Financial Analyst, PMO Manager, Sales Manager, BD Manager Africa, Strategic Planning, Process Management. Engineering background and local language
Ad hoc opportunities, recently in Trading Business (BD, Manager). Renewables part growing too. Fairly, some Senior Executives did MBA or Leadership courses here.
Have Leadership Programme. Typically Engineer or Finance background + MBA. Typical entry via Controlling, Business Services. Ad hoc INSEAD recruitment in recent past for Procurement and Business Analysis.
On campus recruitment in Fall 2011 for MBA recruitment into leadership treks (entry Finance/ Business Development). Business Analysts are generally promoted in 12-18 months to line positions in marketing, manufacturing, or commercial development as next step to General Management. Financial Analyst roles, through their broad exposure to businesses and management, are a good preparation for management of operations roles. Strongly development of Business (Service Organisation and Commercial Organisation) creates ad hoc opportunities for INSEAD graduates. Currently no structured approach for recruitment on campus but strong support from alumni contacts.
Growing in Europe and US. Experienced hires for Trading, Risk Analysis and Management. Have graduates scheme for full time and internships for their Trading Business (former Essent Trading). In past also hired experienced people for Group Strategy in HQ Essen, Germany. Oil&Gas Technical (Science) , but also increasingly open for other experience (Supply Chain, Project Management, Finance, Legal, Consulting). Do have Integrated Project Management Group that work with Business internally. Also like to bring in people through BD roles. Trying to centralise worldwide positions via website.
SBC (independent from Schlumberger): 180 consultants. Locations : Houston, Mex, Rio, Lon, Paris, Sgp, New Delhi, Beijing (recent), Abu Dhabi (new, growing), Moscou (new, soon, jul-sept, only 6 people). Created in 2004, on campus recruitment since. Background: 2/3rd Engineers, 1/3rd Commercial. Led by INSEAD alumnus. Leadership team (23 VPs) all/mostly from leading consultancies. Majority worked for Oil&Gas before. Will soon have new website, and want to increase awareness of their independence from the Schlumberger business. Not looking out for Oil & Gas experts (tech). Oilfield Engineers sometimes join/or hiring through B-schools. People who can leran quickly new problems, similar kinds of Industries could help. Some SBC people move to Schlumberger. People do join different offices, move around, international projects. More senior people are more attached to region/office.
Finance Excellence Programme - Commercial/Finance Risk Management, Product Sales, Project Management,Negotiation of contracts, field work/ supporting operational Business. CEO Excellence Programme CEO Excellence programme prepares for future growth markets (South America, Eastern Europe, Asia). 3 out of 6 people starting first intake of this programme are from INSEAD (2011). Could be cross business. 3-9 years of experience, Junior Trek/Senior Trek.Experience in Siemens related Industries (Healthcare, Industrial, Energy). Ideally technical background, although Consulting possible as well. SMC 170 consultants, Project Managers and VPs. Completely independent from businesses. Biggest market for Siemens = US. SMC offices in Munich, NY, Beijing. Covering the whole region out of those offices. Hire per year 110 consultants, 40 Project Managers, 20 VPs. After VP move into the Businesses. Usually change every 2 years. INSEAD grads usually come in as Project Manager. Examples of INSEAD grads today: Sales Director and Head of Strategy of a Business Product Line.
Commercial Officers Programme in the UK. Programme usually lasts 2 years but might be shorter, depending on experience of the candidate. Commercial Officers most often assignments in Joint Ventures and New Business Development. After programme positions as new Business Negotiator, Joint Venture Coordinator, New Business Economist, Group Strategy. Moving positions on average every 3 years. The UK programme does not exist in the Total Group as such, but quite similar career path : Employees with a technical background that want to follow the Business route follow assignments in Commercial, Ventures, Strategy, with the aim to develop a Business afterwards in a specific region. Increasing interest in attracting candidates from INSEAD. 2 INSEAD MBAs won in 2009 their Student Business Competition (Winnovation). Interested in profiles with experience in Marketing, Procurement, BD, Legal, Risk, Finance. Strong focus on Asia and Latin America.
35%
36%
40% 33%
44% 36%
12% 3%
2005
2005 2006 2007 2008 2009 2010
9%
10%
7%
6%
2006
2007
2008
2009
2010
Internships Salary - Energy / Oil & Gas Median Salary - Monthly based
80 900 71 500
75 900 77 300
85400 69 400
90 80 70 60 50 40 30 20 10 0
Real jobs versus traditional rotational programmes (with a few leadership programmes among the major players) Cross functional, cross businesses, cross geographies Selection of entry positions: Depending on availability / profile of candidate. Can be based on gap analysis for future General Manager Talent pool system (Mentor, Assessment Centres)
Corporate Finance
Evaluate impact of strategical initiatives and cost saving programmes. Develop budgets, allocate costs and ste benchmarks for quarterly performance.
Business Development
Conduct strategic analysis and industry competitor research for a go-to-market strategy
Energy trading
Compile company financial data from trading, risk management, etc.; develop integrated forecasting reports and analysis for both internal and corporate requirements; support Portfolio Managers and Portfolio Analysts in preparing assumptions for projections and explanations for variances
Corporate Strategy
Develop new pricing policies for one department, work on new business plan for another unprofitable department
Take on a key operational leadership role potentially fast tracking into General Management
Work on real jobs and make a difference to their business
ConocoPhillips Total UK
Energy
Project Engineer & Analyst 1997 Major Automotive Company
2004 M B A
2007
Current
Energy
Captain 1992 Royal Army 2000 M B A 2001 Major Player in Oil & Gas Current
Energy
Associate Market Analytics 1998 Management Consulting
2005 M B A
2009
Current
Director
Energy
Auditor Consultant 1990 Management Consulting Automotive Industry M B A
Manager
1998
2009
Energy
Product Manager 1988 Semi Conductor Industry
Management Consultant
1996
Current
Internships
Some companies use internships to screen for FT positions
Companies who employed INSEAD interns in 2008 - 2010
Average project length 10-12 weeks; some can be shortened to accommodate INSEAD Students
Networking is key to finding a summer project: For small to medium sized companies using LinkedIn The Aim of an Internship is to: Learn about the sector / company / function / geography & culture Show willingness to learn Develop your professional network Get an opportunity for a full time position
Alstom Essent Energy Trad Exxon Mobil Kenergy New Energy Finance Plane Tree Capital Schlumberger Shell SunCoal Total Centrica The Carbon Trust
Datamonitor 360
Provides the Datamonitor industry profiles which are either country-specific or globally focused Wide range of Sector reports Suppose you have an upcoming interview for a marketing position and you want to know the recent happenings at the company
The INSEAD MBA Career Services Intranet is here to help you throughout the year: from getting to know yourself to execute your plan, you will find here everything you need!
Resources - Renewables
LinkedIn: many green power groups, including job groups. Very active community Green power fairs: catalogues offer of companies with contact details INSEAD Alumni Community INSEAD Library, Industry Directories: i.e. World directory of Renewable energy suppliers and services