The liquefied natural gas (LNG) tanks are being constructed as part of the project’s second phase. Credit: drpepperscott230 from Pixabay.

US firm YGC has launched a new venture, Hupbeat, to maximise workforce flexibility in the oil and gas sector.

Hupbeat is an enterprise software company based in the US.

The oil and gas sector in the US is currently facing an oil price plunge due to a price war between Saudi Arabia and Russia, as well as the impact caused by the unprecedented coronavirus (Covid-19) pandemic.

Almost all the big oil and gas companies are cutting spending this year following the plunge in oil prices.

Hupbeat product head Erik Huckle said: “It has never been more important for energy workers to showcase their transferable skills, expand the pool of employment opportunities, and become a more resilient workforce.”

After a series of executive summits conducted by YGC, Hupbeat received guidance from innovation executives of oil and gas companies BP, HESS, Chevron, Fluor and Saudi Aramco to create its first product, the Hupbeat Elite Network.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Hupbeat Elite Network is an accelerated workforce planner and a talent network.

Hupbeat has discussed ways to promote their members with oil and gas professional organisations, such as the Society of Petroleum Engineers (SPE) and Association of American Petroleum Geologists (AAPG).

Certifying organisation National Association of Corrosion Engineers (NACE) is also in early talks to work with Hupbeat and other collaborating groups.

Dr Nils Kaageson-Loe of SPE Strategic Initiatives said: “As the oil and gas industry workforce goes through digital transformation, it’s important for our members at SPE to be able to partner and discuss challenges with industry leaders.

“External partners like YGC help us navigate the upcoming change in the industry.”

YGC has appointed former Amazon senior product manager Erik Huckle to lead the roadmap of Hupbeat product.