Hays Oil & Gas Global Job Index points to continued Asian growth in 2014

The Hays Oil & Gas Global Job Index for the third quarter of 2013 showed that the consistently high level of vacancies in Asia continues to grow in comparison to global markets.
In Asia the Index stood at 1.97 at the end of September, up from 1.90 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.
According to Hays, Asia is targeted as a region for growth by most multinational corporations, and the Job Index for Asia supports the expectation that exploration activity in the region is likely to continue, with a particular interest in shale gas / shale oil deposits, mainly in China.
“Supported by the Government, the Chinese oil & gas sector continues to grow in both upstream and downstream markets and China continues to be a key player in the region,” says Christine Wright, Operations Director for Hays in Asia. “Increasing capital investment in conventional reserves and non-conventional reserves such as shale gas, which is being supported by the Ministry of Land and Resources, would likely result in opening up more blocks for tender.
“This year has seen Singapore’s first Liquefied Natural Gas (LNG) terminal coming on-line and in targeting LNG Bunkering operations by 2014 we can expect an increase in demand for candidates with experience in transporting, storing & trading in the year ahead.
“Across the region LNG looks set to be a growth market with a series of major ONG and LNG refinery projects in Singapore, Malaysia and Indonesia currently in FEED or construction stage.
“With existing and new fields in Malaysia, Indonesia and Vietnam driving the Asian oil and gas market, local independent operators and majors are continually on the lookout for Gathering & Processing candidatesto support offshore and onshore operations.Drilling operations, in particular, are keen on candidates with non-conventional and deepwater experience. Additionally, Senior Drilling Engineersare in high demand.”
Globally the Index stood at 1.70 in September, which was down with where it stood at the end of the second quarter (June) at 1.75.
As well as an Asian perspective, the Hays Oil & Gas Global Job Index also provides a measure of month-to-month jobs posted by region. The figures from July to September 2013 (Q3) reveal:
The newly elected Australian government has begun to put steps in place to remove red tape and facilitate acreage releases and approvals for onshore exploration bolstering demand for oil and gas professionals, and creating a stable labour market in the process. Many large scale employment services contracts have been awarded for big ticket LNG projects, and offshore trades and labour resources specifically focused on vessel crewing and logistics are beginning to see increased recruitment levels. Australia has also seen increased demand for their specialist fabrication and QAQC candidates from overseas markets as work continues to build in major fabrication yards.
North America
The North American labour market has remained relatively flat and stable since Q2, weathering the U.S. government shut-down admirably and perhaps buoyed by the Canadian recruitment market where oil companies are focusing on developing existing properties rather than investing in exploration. Across North America engineers in enhanced oil production and recovery as well as development geoscientists continue to be in high demand.
A more positive sentiment toward the economy has taken hold in the UK and Europe, and yet the oil and gas labour market has remained relatively flat, and even declined slightly in Q3. The recently strong Gathering & Processing market appears to have tightened whereas mid and downstream demand seems strong, particularly within continental Europe. In the UK health and safety requirements along with specialist engineering skills and subsea experience continue to be areas with a significant shortage.
South America
The overall outlook in South America is very positive, with a steadily increasing labour market due to high levels of job availability and increased wage pressure. This increase can be explained by the new investments in Colombia and Peru associated with the arrival of international companies that are generating a volume of new employment opportunities with generally better conditions and benefits than their local counterparts. Due to these new investments construction and installation professionals will be needed to get projects off the ground.
While the labour market recovered many of the jobs it lost at the beginning of the new year, there has been a steady decline in jobs from July to September mirroring Q3 in 2012. However, Africa continues to emerge as a potential new source of energy so there is continued optimism among major organisations in this region. There has been an increase in demand for people with pipeline experience and project management skills, particularly in the north. While there is a trend to reduce a dependency on expatriates, the local market has considerable maturing to do before it can fill gaps.
Commonwealth of Independent States (CIS)
The 2013 labour market rebound continues to be slow, and Q3 traditionally reflects a low season in the Russian market. The main onshore oilfields are situated in remote locations, and all the construction and commissioning work is usually planned during the autumn-winter season when the ground is frozen allowing for the delivery of heavy equipment to work sites. As a result we anticipate that construction and installation professionals will be in high demand.          
Middle East
The Middle East remains the strongest labour market with the local Index reaching 2.24 in September, well above the global average of 1.7 for the same month. This indicates the release of a number of projects that were originally postponed in Q1 & Q2. Experts in geosciences particularly with IOC experience will remain in high demand for the remainder of 2013. Drilling contractors and related well engineering services companies are presently competing to retain staff and find ways to attract new staff for upcoming projects.
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. 
To view further detail on the index and the regional results please go to the Hays Oil & Gas website on www.hays-oilgas.com
Hays, the world’s leading recruiting experts in qualified, professional and skilled people.

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