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Business Environment and Society - Case Study Example

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Under the conditions when the world economy is developing with oil and gas as its lifeblood, there is concrete data of how the population uses these resources. According to the author, the development of oil and gas resources constitutes oil and gas field services, which are provided by contract drilling companies, such as Maersk Drilling…
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Download file to see previous pages With the growing demand for oil and gas resources, oil companies are being pushed to offshore drilling, which is operated by small and large companies, such as Maersk Drilling, Nabors, Petrobras and Oil and Natural Gas Corporation (Kaiser & Snyder, 2013). In the era of globalization, economic instability and competitive environment only well-trained human force are able to give companies an opportunity to achieve competitive edge. The following report will make an analysis of the market in which Maersk Drilling operates, will examine Maersk’s approach to its internal stakeholders and will offer recommendations for action by the Maersk HR team based on the market analysis and assessment of its employees, owners, and investors.

According to Chua (2012), Denmark’s largest company, Maersk planned to spend up to $6 billion on new platforms, which make the company more serious player in the market. While the market predicts oil production to be declining rapidly, there is still demand this resource and there is a lot of oil need to be produced. Operating twenty-six platforms and ten drilling rigs, Maersk strives to have more deepwater rigs despite high price for the rigs. Assisted by Samsung Heavy Industries Co. the company will adopt more of deepwater drillships. There is however risk in the rig industry to face collapse due to the world economy and plunging oil prices. Besides, there can be a bigger challenge for the industry, connected with the replace the skilled personnel need to operate modern platforms. Here the company understands that people can retire or need education. As Chua (2012) reported, oil drilling gives s great career opportunity in a safe place. Despite the demand in the resources, new hunt for oil and gas has intensified, according to Kilhof (2014). There is considerable suffering of the drilling industry as a result of economic contraction,however, the demand for advanced drilling is high and oil and gas is harder to find.  ...Download file to see next pagesRead More
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