The Hays Oil & Gas Global Job Index for the second quarter of 2013 showed a stable or slightly stronger oil and gas labour market around the world when compared to the beginning of the year.
The Index, which charts the number of jobs posted on nine oil and gas portals across the world, was at 1.69 in June 2013, staying consistent with where it stood at the end of the first quarter (March 2013) at 1.68. The Index average for Q2 was 1.63 which is slightly lower than the average of 1.78 in the same period last year. The Index was established in October 2010 when it was set at 1; all subsequent months have been compared to this benchmark. This quarter’s Index has seen the greatest demand for mid to senior level professionals with significant experience.
“The general sentiment in the industry is neutral,” said John Faraguna, Global Managing Director of Hays Oil & Gas.” The global economy remains in recovery mode, however, we do see good signs of improvement in many regions around the world which should bode well for energy demand in the next few years.”
According to the analysis in the Index, countries such as the United States and the United Kingdom are placing more focus on shale gas as a strategic priority. The UK just announced tax incentives for shale gas production and a US Department of Energy study has shown no evidence of contamination of western Pennsylvania water aquifers by fracking chemicals. It won’t be very long before other countries realize the potential of this resource to enable energy self-sufficiency and replace coal with cleaner natural gas. How this will impact the global demand for and price of oil remains to be seen, but it will likely have a significant impact on the economics of LNG and could quite possibly have a destabilizing effect on places like the Middle East.
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.
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
Hays, the world’s leading recruiting experts in qualified, professional and skilled people.
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About Hays Oil & Gas
Hays is the leading global specialist recruiting group. Hays Oil & Gas 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.
Note to Editors
Hays plc (the "Group") is a leading global professional recruiting group. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Asia Pacific and one of the market leaders in Continental Europe and Latin America. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments. As at 31 December 2012 the Group employed 7,810 staff operating from 240 offices in 33 countries across 20 specialisms. For the year ended 30 June 2012:
• the Group reported net fees of £734 million and operating profit (pre-exceptional items) of £128 million;
• the Group placed around 55,000 candidates into permanent jobs and around 182,000 people into temporary assignments;
• 33% of Group net fees were generated in Asia Pacific, 36% in Continental Europe & RoW (CERoW) and 31% in the United Kingdom & Ireland;
• the temporary placement business represented 56% of net fees and the permanent placement business represented 44% of net fees;
• Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, Chile, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA
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