New survey shows most oil companies have stopped or cut down on recruitment

North Sea oil workers helmets


The majority of global oil companies have either entirely stopped or cut down on hiring new staff.

Over half (51%) of the global oil and gas hiring managers polled said they have decreased their hiring efforts in the past three months, with an additional 13% saying they have frozen their recruitment plans completely.

While the price of crude oil has climbed off the $50-barrel floor since the start of this year, the majority of global hiring managers remain reluctant to expand their hiring efforts over the next six months, with sixty-five acknowledging that they have decreased their hiring plans in this timeframe.

In addition, 54% of global hiring managers surveyed by Rigzone indicated that they believe job cuts are more likely in the next six months, and 65% said they expect to experience a loss of budget for approved headcount for the year.

On the other hand, companies who are still in the market for talent have quite the advantage. In terms of salary expectations, 70% of global hiring managers polled indicate that candidates are not asking for more money as compared to three months ago.

Rigzone surveyed hiring managers and recruiters who recruit oil and gas professionals across the globe. Covering upstream, downstream, corporate and college recruiting, 209 responded to the survey, with 23% representing companies that have more than 5,000 employees.

Meanwhile, cost efficiency  will feature in a series of events Oil and Gas UK is holding to push progress on the industry’s activities in this priority area.

In Aberdeen, Oil & Gas UK’s supply chain seminar on June 30 is set to focus on potential opportunities for the sector to tackle costs through simplification and standardisation in areas including technical standard setting and equipment procurement.

Stephen Marcos Jones, Business Development Director, said: “As the trade association for the UK offshore industry, our aim is to help all efforts to make sure the sector is safe, competitive and sustainable in a world of $60 oil. Our events in Aberdeen and London are designed to support these objectives by providing opportunities for people to explore and discuss the challenges facing the industry and work more effectively together to improve efficiency.”

Delegates will also hear from speakers representing Lockheed Martin, Renault Nissan, Siemens and Bombardier on how other industrial sectors including aerospace, automotive, power generation and railways have introduced measures to drive efficiency and regain competitiveness as a result.

Also in Aberdeen, Oil & Gas UK’s breakfast briefing on July 2 will look at the part leadership or collaboration can play in helping companies on the UKCS co-operate in a competitive environment. Guest speakers include Gunther Newcombe, exploration and production director at the Oil and Gas Authority, and Matt Betts, Halliburton UK vice-president, whose presentations will be followed by a panel session, chaired by Oil & Gas UK chief executive, Deirdre Michie.


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