A Review of the Nigerian Energy Industry

April jobs report shows thousands added in oil & gas

10 May 2018, News Wires – April was another good month for oil and gas employment in the US, according to to data released May 4 from the US Bureau of Labour Statistics.

Statistics quoted by Rigzone showed that employment in mining increased by 8,000 jobs. Most of those gains came in support activities for mining, with the industry adding 7,000 jobs.

Oil and gas extraction added 1,200 jobs in April. Since hitting a recent low in October 2016, mining employment has risen by 86,000 jobs.

In April, oil prices jumped to the highest they have been in three years. Onshore activity has been positive, including talks of a possible joint venture with Exxon and Qatar in which there would be investment in US shale gas and the ever popular Permian Basin – which is expected to become the world’s largest oil patch in the next 10 years.

Additionally, optimism in the offshore sector continued to increase, as noted during last week’s Offshore Technology Conference in Houston, Texas.

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