The demand for offshore energy expertise is growing rapidly in both the renewables and traditional offshore energy sectors. Many companies struggle due to a lack of personnel resources and a disconnect between the competencies that graduates from universities and high schools bring and the requirements of daily business practice. This often places additional pressure on subject matter experts, who must also mentor the new workforce.

Many companies are developing practical and sustainable strategies. However, we observe that strategic directions or decisions are often not adequately underpinned by factual information and market knowledge. This is due to an excessive focus on operations, which can potentially lead to incorrect strategic decisions and harm the business. This becomes even more critical when a company is considering an acquisition.

Younger companies, or those that have experienced rapid growth, often face a need to improve and standardize their business organization, project financials, safety and environmental awareness, internal and external communication, and multicultural inclusiveness. These are all key components for achieving long-term success.