Oil and gas labour demand still strong
Demand for skilled labour in the oil and gas industries is continuing to show growth, according to Hays’ Oil and Gas Global Job Index.
Despite seasonal headwinds faced by the industry, the index found that the demand was only just shy of the all time peak posted in May this year.
“While European debt worries continue to weigh on markets, it is the relative slow pace of growth in China that’s had the biggest impact,” says Matt Underhill, Managing Director of Hays Oil & Gas.
“But at this stage, the main impact has been an easing of the acute skill shortages that existed coming into the quarter. The fall of other commodity prices has also taken the edge off many skills shortages.
“The Index remained at a positive level, a shade off its all time peak in May 2012, which is welcome news, and a positive indication of recruitment activity for the remainder of the year,” says Mr Underhill.
Australia’s mega LNG projects are driving strong demand for local labour, especially in Queensland as a number of such projects begin to come online throughout the year.
Hays found that project execution staff are most in demand as companies ramp up their headcount for the construction phase of major projects.
The full index can be found here