Oil and gas permanent jobs down 30%

The number of permanent jobs being advertised in the North Sea’s oil and gas sector has been reduced by 30% in the past year. A new report states the reduction […]

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By Jacqueline Echevarria

The number of permanent jobs being advertised in the North Sea’s oil and gas sector has been reduced by 30% in the past year.

A new report states the reduction is a consequence of the drop in oil prices in the last few months. Prices fell from a peak of $115 per barrel last June to $45 in January.

Advance Global Recruitment Director Stuart Hunter said companies are focusing on shorter term projects now with freelance contractors, which has seen a 35% rise.

He added: “The reduction in the oil price has certainly had an effect on the industry as a whole with a lot of projects that were due to start being shelved, delayed or postponed until further notice and at times, completely cancelled.”