Online job postings in the global oil and gas industry rose 39% from October 2010 to Jan 2012, according to the latest Global Job Index produced by recruiting experts Hays Oil & Gas.
The Index, which charts the number of jobs posted on nine oil & gas job portals across the world, also shows that in the most recent quarter to November of 2011 job growth was at its highest, rising from 1.09 in August to peak at 1.48 in November.
“We’ve seen a significant increase in job numbers through 2011, which confirms a buoyant oil and gas market in most regions of the globe,” says Matthew Underhill, Managing Director of Hays Oil & Gas. “Whilst concerns around the European debt crisis continue to weigh down labour markets in wider economies, the oil and gas recruitment market appears to be showing no sign of a slowdown. Allowing for monthly downswings for seasonal holidays the Index has grown consistently reflecting a busy recruitment market and in some cases demand exceeding limited supply of skills.”
Mark Guest, the Managing Director from OilCareers.com, one of the leading global oil and gas job boards, and one of those sites from which job figures were measured, commented “Whilst the growth in these numbers have been supported by an expansion in the use of online media to facilitate recruitment in the industry, it is undoubtedly more reflective of a very busy year for the industry in all quarters of the globe, pushing up demand for new skills. “
Trends by region
As well as a global perspective, the Hays Oil & Gas Global Job Index also provides a measure of month-to-month jobs posted by region. It reveals:
· Despite the social issues in North Africa, the continents thriving offshore market in West Africa has continued to drive job growth.
· The Australasian Index reveals that region’s strength, where a multitude of LNG projects on the West Coast are now being matched by equally impressive ’non-conventional ‘ projects on the East Coast. The Index in Australasia stands at 1.47, reflecting in some disciplines acute skill shortages.
· The Asia Index, which now stands at 1.35, also reveals considerable gains in job numbers and is an indication that investment in local exploration and production from China, Malaysia and other regional players is creating significant demand for talent.
· Two of the traditional power houses in employment within the industry; the Gulf of Mexico and the North Sea, rebounded strongly this year, and both regions are not far behind pre recession boom days. Their respective indices at 1.58 and 1.74 reflect both the high levels of demand that now exist, and also the low levels from which the markets were starting from back in October 2010.
· The Gulf of Mexico was not the only hot spot in North America. Both Canada’s oil sands and non conventional plays in Shale and Coal Seam Gas across the continent added to a job rich environment which saw the index for North America peak at just under 2.00.
· In South America the index peaked to 1.16 in November, however the journey has been somewhat less than consistent. This however should not be misconstrued as a lack of activity since the market was already ‘red hot’ in 2010, particularly in Brazil.
· The Middle East’s job index grew healthily from October through to the middle of the year in 2011. Since this time the market has maintained a high level of activity with the index for the Middle East maintaining its level of 1.3
About the Hays Oil & Gas Job Index:
The Hays Oil & Gas Global Job Index provides a measure of month-to-month jobs posted on the principal online job portals within the global oil and gas industry. The data is compiled by a team of analysts and researchers and is broken down to reflect regional differences in hiring activity.
To view further detail on the index and the regional results please go to the Hays Oil & Gas website on www.hays-oilgas.com
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For further information please contact Daniel Lynch at firstname.lastname@example.org or +61 (0) 2 8062 6122
About Hays Oil & Gas
Hays is the leading global specialist recruiting group. It is the expert at recruiting qualified, professional and skilled people across the full lifecycle of the global oil and gas industry. Its recruiting experts deal in both permanent positions and contract roles within upstream, project development and downstream operations.
Hays employs 7988 staff operating from 247 offices in 32 countries across 20 specialisms. For the year ended 30 June 2011, Hays placed around 60,000 candidates into permanent jobs and around 190,000 people into temporary assignments.