A Review of the Nigerian Energy Industry

Oil and gas jobs near two-year high

19 October 2012, Sweetcrude, HOUSTON – A recent survey says vacancies in the world oil and gas industry have come back from a lull since last summer and is now nearing a two-year high which happened in May.

According to the Hays Oil & Gas Global Job Index, a strong third quarter result despite some economic and seasonal headwinds for the industry.

The survey indicated that the number of jobs posted on nine oil and gas websites hit its second highest level in September since October 2010.

Matt Underhill, managing director of Hays, the oil and gas industry recruiter, said macro-economic concerns continued to be a secondary factor in a generally confident oil and gas jobs market.

He said almost all regions of the world are seeing more jobs advertised than during the summer months.

Underhill said skill shortages, high retirement rates in Europe and North America and burgeoning developments in areas such as East Africa and Russia’s Yamal region all outweighed the ailing growth rates of the global economy.

He maintained that winter in the Northern Hemisphere would bolster the oil price and drive confidence further in regions such as Europe, which saw the strongest rate of growth in the latest survey despite ongoing debt woes.

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  • The global oil and gas industry has rebounded in the last two years. We expect to see same happen in Nigeria and it behoves on government aq duty to create the right policy framework required to attract investors to commit funds to projects.