Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Petroleum engineers see highest increase in median average salary

    Petroleum engineers see highest increase in median average salary

    August 21, 2014
    Share
    Facebook Twitter LinkedIn WhatsApp

    NNPC engineers21 August 2014, News Wires – Petroleum engineers experienced the highest increase in median annual salary since 2011, according to a recent report from the American Geosciences Institute (AGI).

    In 2013, the median average salary for petroleum engineers was $132,000, and had increased by more than $10,000 since 2011, according to the Aug. 12 report, which quoted data from the U.S. Bureau of Labor Statistics.

    Since 2011, all geoscience occupations – with the exception of atmospheric and space scientists, geographers, environmental science and protection technicians, engineering postsecondary teachers, and atmospheric, earth, marine and space sciences post-secondary teachers – recorded increases in their median annual salaries, while decreases ranged only from $10 to $2,760 per year.

    The average median annual salary for geosciences-related occupations last year was $83,311. With the exception of soil and plant scientists and technician occupations, the median salaries for the geoscience occupations are higher than the median salaries for the broader occupation groups. “The geosciences continue to be a lucrative employment option within the current workforce,” AGI said in the report.

    Petroleum engineers are in demand in the United States thanks to the surge in exploration and production at home and worldwide. These workers are in demand not only in the private sector, but at the United States’ Bureau of Land Management, to oversee mineral resources are millions of acres in the nation. ABC News reported Aug. 18 that the petroleum engineer job ranked among the best-paying jobs of 2014.

    Petroleum engineers also have the highest starting salary of any of the engineering degrees offered, with an average starting pay of $89,000 and a mid-career salary of $159,900, according to USAToday. 

     

    – Rigzone

    Related News

    Amakpe Refinery Chairman sues financial firm, denies $1.46m debt claim

    Nigeria commits $50m to Wholesale Impact Investment Fund

    OPEC head says oil demand will keep growing

    E-book
    Resilience Exhibition

    Latest News

    Amakpe Refinery Chairman sues financial firm, denies $1.46m debt claim

    June 10, 2025

    Recovered funds boost student loans, credit access for civil servants – EFCC

    June 10, 2025

    Nigeria commits $50m to Wholesale Impact Investment Fund

    June 10, 2025

    OPEC head says oil demand will keep growing

    June 10, 2025

    ‘Shell’s decision on Phase 2 of LNG Canada will depend on other opportunities’

    June 10, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.