Global oil sector wages to rise
Manama, March 15, 2011
Salaries in the global oil and gas industry are to increase throughout 2011, according to a joint report from OilCareers.com, the international job board for the oil and gas industry, and its partner Air Energi.
Focusing on employment and salary trends in the energy sector throughout 2011 the report, entitled The Global Oil and Gas Workforce Survey: Expectations for hires and pay rates in the oil and gas industry, addresses the issues that affected the oil and gas industry across 2010 and what they mean for the first half of 2011.
The report predicts that, globally, salaries will increase throughout 2011, with the number of hires across Africa, the Americas, Asia Pacific, Australasia, Europe and the Middle East remaining strong.
With activity set to rise in the oil and gas sector many companies are expected to focus recruitment on the individual - ensuring that the right talent is place for the right price.
Recruitment is predicted to increase 60 per cent with 20 per cent of the industry to expect an increase in salary to boot.
'The global oil and gas industry garnered a lot of experience and understanding throughout 2010 and with the number of hires increasing by more than 60 per cent in core regions such as the Middle East, Europe and Americas, ensuring that the talent pool is positioned correctly is a vital component in the stabilisation of the industry going forwards,' said OilCareers.com managing director Mark Guest.
'Some 2.5 million people are currently employed in the energy sector, producing 88.5 million barrels of oil per day and responsible for $490 billion in global exploration and production budget in 2011,' said Air Enegri group chairman Ian Langley.
'In spite of these massive numbers or perhaps because of them, as we embark on what looks to be a very busy year, the focus has once again come down to the individual.
'The Air Energi-OilCareers.com survey provides an indication of the optimism that 2011 holds and the focus that is being placed on talent.'-TradeArabia News Service
More Energy, Oil & Gas Stories
- S Korea to pay Iran $550m under nuke deal
- Qatar LPG exports will stay unchanged till 2018
- $14bn Bahrain energy sector focus for summit
- Iraq now world's fastest-growing oil exporter
- Old IT systems pose risk to oil firms
- Thomson Reuters adds commodity monitoring tool
- Oil below $90 to hit GCC economies
- GlassPoint appoints new Oman director
- Sheffield company opens Dubai hub
- Oman targets big rise in gas output
- Intertek buys UAE firm for $66m
- Qaiwan to tender Baizan refinery EPC contract
- Al Maha wins Oman Air fuel supply deal
- Iran to become top gas importer by 2025
- UAE hydrocarbon projects seen hitting $11bn
- Summit focus on occupational safety
- Aramco names new senior VP
- Siemens gets $253m Qatar power contract
- Taqa-led group's India deal worth $1.6bn
- Taqa-led group to buy India power plants
- Iraq oil exports hit record 2.8m bpd
- Korean refiners eye more Iraq crude
- Dana starts Egypt gas plant upgrade
- Opec oil production hits new high in Feb
- Taqa-led group to buy Indian hydropower plants
- Schneider gets energy management certification
- Morocco moves ahead with $1.7bn wind farms
- Iraq approves power plant investments
- 670,000 oil & gas wells ‘need to be drilled’
- Qatar bourse celebrates Mesaieed listing