The Hays Oil & Gas Global Job Index shows a slightly stronger oil and gas labour market for the second quarter of 2013 compared to the first.
In Asia the Index stood at 1.90 at the end of June, up from 1.76 three months prior, meaning more oil and gas jobs are now available.
The Index charts the number of jobs posted on nine oil and gas portals across the world. Globally it was at 1.69 in June, which was consistent with where it stood at the end of the first quarter (March) at 1.68.
“Globally 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, but 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.”
One of these regions is Asia, where the traditional slowdown in the Asian job market during the first quarter of the year was followed by a steady climb reflecting the underlying positive health of the SE Asian oil and gas market.
The natural gas and LNG market continues to be a key market for SE Asia with China, Vietnam, Malaysia and Indonesia being the active players,” says Chris Mead, Regional Director of Hays in Singapore and Malaysia.
Singapore’s first LNG import terminal, expected to be ready soon, will further fuel demand in this sector. Exploration of oil and gas throughout the region is likely to continue with a particular interest in shale gas and oil deposits, mainly in China.
Construction of offshore structures continues to be an expanding market in Asia and a shortage of Senior Project Managers with ‘mega project’ experience means companies will seek expatriates. This demand is driven by Singapore’s status as the regional and global hub for design and construction of offshore rigs, FPSO, FSO & Topside structures. Asian businesses are keen to secure a slice of the business which in turn increases demand for Estimators and Proposals Engineers with strong backgrounds in FPSO and topside projects.
Regional Sales Managers and Business Development Managers continue to be targeted by global original equipment manufacturers to achieve growth targets capitalising on the strong development of offshore oil and gas fields in Malaysia, Vietnam, Indonesia and China.
Local independent operators and majors are consistently on the lookout for G&P candidates to support offshore and onshore drilling operations. In particular, they are keen on candidates with experience of non-conventional and deepwater oil and gas fields. Additionally, Senior Drilling Engineers are in high demand, especially Malaysian and Indonesian nationals who are needed to maintain local content requirements for both countries.
A number of major ONG and LNG refinery projects in Singapore, Malaysia and Indonesia are currently in the FEED and construction stages and are set to deliver strong demand in these markets over the next three years. This is fuelling a need for Project Managers and Project Directors with LNG experience.
In Asia, Hays Oil & Gas is located at:
- Malaysia: Suite 4 & 5, Level 23, Menara 3, Petronas, Kuala Lumpur City Centre, Kuala Lumpur. Phone +60 3 2786 8600 or email email@example.com
- Singapore: #27-20 UOB Plaza 2, 80 Raffles Place, Singapore. Phone +65 6303 0152 or email firstname.lastname@example.org
- China: Unit 3001, Wheelock Square, No. 1717 West NanJing Road, Shanghai. Phone +86 21 2322 9716 or email email@example.com
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.
The Index was established in October 2010 when it was set at 1; all subsequent months have been compared to this benchmark.
Hays, the world’s leading recruiting experts in qualified, professional and skilled people.
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For further information please contact Lucy Sharp, Regional Marketing Manager of Hays, on +61 2 8226 9885 or firstname.lastname@example.org