Confidence is returning to the oil and gas sector.
That’s according to recruiter NES Global Talent and oilandgasjobsearch.com, which conducted a survey showing almost 60% of employers expect to recruit at significant levels over the next year and nearly half of employers expect salaries to rise.
Many of the survey’s 10,000 respondents suggested the oil and gas industry expects more new jobs to be created than lost over the next 12 months, for the first time since the oil price crashing in 2014.
Since then, more than 440,000 jobs have been cut in the sector worldwide but almost a quarter of employers now expect to increase their workforce by 5%.
Almost a fifth expect to increase staffing by between 5% and 10% ,with more than a sixth expecting a rise of more than 10%.
Around 30% of employers expect staffing levels to remain the same, with only 11% of employers still expecting to cut jobs.
Tig Gilliam, CEO of NES Global Talent, said: “With a stabilised price environment and lower cost profile, more and more assets offer attractive returns on investment and operations.
“This increasing activity is leading the higher performing companies to refocus on recruiting quality people to lead and deliver value.”