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 and oilandgasjobsearch.com shows that almost 90% of employers expect staffing levels to either increase or remain the same in 2018.
The survey shows that in total almost 60% of employers expect to recruit significantly over the next 12 months. Of those almost a quarter (23%) of employers expect to increase their workforce by 5%; almost a fifth, (19%) expect to increase staffing by between 5 and 10%; and more than a sixth (17%) by more than 10%.