Talent Shortage To Drive Growth In Salaries In Oil And Gas Sector
The 2019 Global Energy Talent Index Report (GETI), the annual energy recruitment and employment trends report, has been published and against a background of rising oil prices shows increased optimism in the oil and gas job market. The GETI from Swift and Energy Jobline reports 65% of workers believe that their pay will increase in...
Confidence Returning To Oil & Gas Market
After a tough four years new research shows that for the first time since 2014 the oil and gas industry expects more new jobs to be created than lost over the next 12 months. Since the price of oil crashed in 2014 it is estimated that more than 440,000 jobs have been cut in the...
Saudi Arabia Collects New Tax On Expats
From July, Saudi Arabia is collecting a new tax from expats and their dependants, a move that is seen to boost the country’s revenues amid weak oil prices. The new fee will be 100 Saudi riyals (SAR) per dependant per month, around £21 or $27. The amount is expected to increase gradually every year until...
BP signs US$2.2 billion Abu Dhabi oil deal
BP has signed an agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) that grants BP a 10% interest in Abu Dhabi’s ADCO onshore oil concession, which has a life of 40 years. In addition to the interest in the ADCO concession, BP becomes...
Orion Group strikes pioneering recruitment deal in China
The Orion Group has become the first manpower company in the world to sign a joint venture (JV) agreement with China National Offshore Oil Corporation (CNOOC). Orion chairman Alan Savage visited the city of Tianjin and signed the pioneering deal alongside General Manager of CNOOC Energy Technology & Service-Safety and Environmental Protection Co., Liu Huai...
Oil Professionals Rate Supermajors As Best
A study of oil and gas workforce perceptions since the start of the global downturn has revealed which operators and service companies are rated highest by oil and gas professionals – based on key issues including values, performance and pay rates. Shell, Chevron, ExxonMobil, BP and Halliburton make up the top five in the wide-ranging Ideal...
East African Skills Gaps Opens Energy Market
With over 100,000 locals needing to be trained over the next ten years to support East Africa’s oil and gas, mining and construction ambition, a delegation of ten Scottish oil and gas training providers have been visiting Tanzania and Mozambique to offer their skills and experience to these markets and to capitalise on the significant...
Expat Rents Stable, Falling In Oil States
The subdued global economic growth of the past year has had a significant impact on rental rates around the world. The majority of locations have witnessed very static rental trends, with minimal movements in the last year. But there are regional variations. Low inflation has helped to keep wage rises down, which has had an...
USA Now More Oil Reserves Than Saudi Arabia
A new independent estimate of world oil reserves has been released by Rystad Energy, showing that the US now holds more recoverable oil reserves than both Saudi Arabia and Russia. For the US, more than 50% of remaining oil reserves is unconventional shale oil. Texas alone holds more than 60 billion barrels of shale oil,...
Oil And Gas Workers Should Retrain?
A new online tool is designed to help skilled workers in the oil and gas sectors find job opportunities in the wider UK engineering sector, supported by the pipeline of large energy and infrastructure projects, according to the UK government. The existing Talent Retention Solution scheme, which is used by over 1,000 companies in the...
Iran Now Open For Business?
There is no doubt that the events of January have been game changing. After a decade of international pressure and extended negotiations, trade and economic sanctions against Iran were finally relaxed. The move will undoubtedly have a huge impact on the Middle East, and events are being watched with trepidation from Washington to Jerusalem, say...
Africa’s Energy Appeal for International Contractors
Advances in Africa’s emerging oil and gas industries are adding to the continent’s increasing appeal as a rewarding and challenging work destination, as infrastructure improves and operational capabilities develop. The strength of emerging oil-producing nations, such as Ghana and South Africa, and rapid advances in Africa’s natural gas industry, are expected to contribute to a...