New research claims that almost 90 percent of employers expect staffing levels in the oil and gas industry to either increase or remain the same in 2018.
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 sector worldwide. However, with the price of oil having stabilised since July this year, new research by recruiter NES Global Talent claims that almost 90 percent of employers expect staffing levels to either increase or remain the same in 2018.
Almost 60 percent of employers expect to recruit significantly over the next 12 months, according to the survey. Of those 23 percent expect to increase their workforce by five percent; 19 percent expect to increase staffing by between five and 10 percent; and 17 percent by more than 10 percent.
Thirty percent of employers expect staffing levels to remain the same and just 11 percent expect to cut jobs.
More than 3,000 employers and almost 7,000 workers were surveyed as part of the Oil and Gas Outlook 2017 report.
“While this activity is being led by a sharp increase in investment in US shale, there has also been an uptick in capital projects being approved which will positively impact the industry across all regions,” said Tig Gilliam, CEO of NES Global Talent, in a statement. “The increasingly positive tone of our clients and contractors is a welcome signal of the turnaround in the market and the participants in this survey echo that sentiment.”