Increase In Oil & Gas Jobs
In a recent news article, statistics revealed that over a five year period, there was a 40% increase in the number of job openings in the oil and gas field. This is an indication of increased activity by many oil and gas companies in tapping the precious deposits of non-renewable energy resources. This trend is likely to continue and create job security for thousands of people around the world in the years to come.
“The Energy Information Administration (EIA), using data from the Bureau of Labor Statistics, noted that between the beginning of 2007 and the end of 2012, jobs in the oil and gas industry increased by 40 percent, while jobs in the private sector increased just 1 percent.”
Supports Indirect Employment
The oil and gas industry also supports indirect employment in the form of suppliers of pipes and drilling equipment. The news article further elaborates:
“In addition, indirect employment effects occur from industry and employees purchasing goods and services. As EIA notes, higher paying oil and gas industry jobs tend to have larger indirect effects on output and employment than lower paying jobs.”
Jobs boom In Oil & Gas Sector
An article published in Telegraph highlights the findings of recent research conducted by PricewaterhouseCoopers. It indicates that the oil and gas sector will be in need of about 120,000 workers around the globe. Not only do these jobs provide career growth, but also provide good remuneration for candidates.
Shortage Of Skilled Workers In Offshore Jobs
It is also estimated that there is likely to be a shortage in the number of skilled personnel to fill the oil and gas job openings. A recent news report projects a huge demand for skilled workers in offshore jobs. Highlighting the shortage in the number of skilled workers, the report pinpoints the shortage as a possible cause for this scenario.
“There also are jobs going unfilled in deepwater drilling because of a shortage of skilled, non-engineering personnel… In addition, some businesses are having a hard time competing with the higher-paying oilfield-related jobs.”
Better return on investment and innovation in technology is likely to fuel the demand for skilled workers to meet the goals of a company.
This article highlights an increase in the number of job openings in the oil and gas sector. It also forecasts a shortage of skilled workers particularly in the offshore oil rig industry.
The oil and gas sector promises an increase in the number of job openings over the next decade. With the increase in oil and gas exploration and drilling activities, there is bound to be a demand for both skilled and unskilled workers in this sector.