Challenging Times

The market place is changing all around us, I intend to provide a view from the perspective of a provider of Executive Search services.

Since the beginning of 2009 the press has been full of dire economic news and the impact on the Energy sector has been dramatic. However the news is not all bad. The underlying fundamentals are still the same. Oil and Gas is a finite resource, reserves are an issue and the world is energy hungry despite the economic downturn.

Being out in the market place and talking to clients it is plain to see that the picture is mixed - Energy businesses are 're-calibrating', adjusting to the new level of demand for products and services. The good news is that our clients have learned lessons from previous downturns, they are making sure they retain key talent and using this economic adjustment as an opportunity to improve their leadership teams.

I am very bullish, in an environment like this only the best service providers prosper and I am all for a correction that helps promote attention to client service and really adding value to client businesses.