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Oil and gas shows signs of recovery

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Hydrocarbon Engineering,

New research from NES Global Talent and has shown that the oil and gas industry expects more new jobs to be created than lost over the next 12 months.

The research suggests that almost 90% of employers expect staffing levels to either increase or remain the same in 2018.

In total, more than 3000 employers and almost 7000 workers were surveyed as part of the ‘Oil and Gas Outlook 2017’ report.

Almost 60% of the employers surveyed expect to recruit significantly over the next year, while 30% expect staffing levels to remain the same and just 11% forecast cuts.

Tig Gilliam, CEO of NES Global Talent, said: “Globally we are now increasingly confident that the market supports increased investment in the energy sector. Energy companies with the support of their partners have right-sized their organisations for the current levels of activity. With a stabilised price environment and lower cost profile more and more assets offer attractive returns on investment and operations. This increasing activity is leading the higher performing companies to refocus on recruiting quality people to lead and deliver value.”

“While this activity is being led by a sharp increase in investment in US. shale, there has also been an uptick in capital projects being approved which will positively impact the industry across all regions. With our own staff operating in over 60 countries, the increasingly positive tone of our clients and contractors is a welcome signal of the turnaround in the market and the participants in this survey echo that sentiment.”

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