Oil and gas jobs dubai 2015


The cost of producing North Sea oil and the slow up-take of fracking and shale exploration in the region take their toll on the job market.

With the approaching UK general election in May , the new government is expected to come under pressure to revise tax reforms in order to kick start UK oil production. Western sanctions, coupled with the fall in oil prices have resulted in the CIS Job Index dropping to the lowest levels in six years.

Russia has turned its attention to Asia, particularly China, both for financial investment and the talent needed to complete projects, in turn securing the revenue it so desperately relies on from oil and gas exports. The rising cost of production on the one hand and the decline in oil prices on the other are causing employers to put a hold on hiring activity, causing the Index to drop below Q1 levels.

Africa is expected to represent 15 per cent of global offshore capital expenditure during , up 10 per cent from levels. The first quarter has been stronger than other regions. The expertise and proven track record in the design and construction of offshore production facilities is potentially the reason the region has seen growth. Companies with projects in construction have already committed the finances required. Therefore, we expect there will be a time lag before any potential changes to hiring plans are realised.

LNG projects are moving out of design and construction phases and into operational status, resulting in reduction in demand for new talent and reflected in the Index, which has reported four consecutive quarters of decline since its slight recover in May The data is compiled by a team of analysts and researchers, and is broken down to reflect regional differences in hiring activity. I am A Job seeker. Sign In Create Account. The figures from January to March Q1 inclusive reveal: Asia and the Middle East both show an increase in hiring activity compared to the previous quarter, albeit below Q1 The Index was established in when it was set at 1; all subsequent months have been compared to this benchmark.

The figures from January to March Q1 inclusive reveal:. Businesses such as Saudi Aramco are hiring western expats with specific unconventional experience and for infrastructure projects, which has helped stabilise the Index.

The job market is expected to remain relatively strong throughout Q2 and Q3, but it is still too early to tell if the Index will return to levels. The full effect of the oil price decline is starting to take hold and projects with unfavourable economics are being cut or delayed.

On the positive side, LNG projects on the Gulf Coast are still hiring the talent required to drive towards operational status. The continuing energy reforms in Mexico and the announcement of Round One tendering scheduled later this year should have a positive effect on the Index in Q3. The cost of producing North Sea oil and the slow up-take of fracking and shale exploration in the region take their toll on the job market.

With the approaching UK general election in May , the new government is expected to come under pressure to revise tax reforms in order to kick start UK oil production. Western sanctions, coupled with the fall in oil prices have resulted in the CIS Job Index dropping to the lowest levels in six years. Russia has turned its attention to Asia, particularly China, both for financial investment and the talent needed to complete projects, in turn securing the revenue it so desperately relies on from oil and gas exports.

The rising cost of production on the one hand and the decline in oil prices on the other are causing employers to put a hold on hiring activity, causing the Index to drop below Q1 levels. Africa is expected to represent 15 per cent of global offshore capital expenditure during , up 10 per cent from levels. The first quarter has been stronger than other regions.