Oil, Gas, Fear of Skill Deficiencies


Nearly half of oil and gas industry professionals around the world see potential skills shortages as the biggest concern in their sector, according to the Global Energy Talent Index (GETI) survey of Energy Jobline and the Airswift energy recruitment company.

A talent crisis comes to the oil and gas industry, with almost half of all respondents saying they are "quite worried or very worried about the upcoming talent crisis," according to a survey of 17,000 energy professionals across oil and gas, petrochemical, electricity, energy renewable, and nuclear industry.

Only 30 percent of oil and gas professionals say they feel & # 39; about finding talent in this industry, surveys show. As many as 40 percent see a skill crisis already occurring in their geographical area, while 28 percent of other respondents see a crisis that hit them in the next five years.

Respondents in Europe, Asia, and South America were more likely to report that talent talent had hit their region, while figures for North America were slightly below average, the survey showed.

Permian in the US, however, can be seen as a "warning sign for talent emerging in the industry," according to the survey authors. The soaring production growth and increasing competition in the Permian have created massive shortages. Companies struggle to fill talent gaps, and even higher salaries cannot attract the required skilled workforce.

Related: Is Kuwait's $ 500 Billion Oil Plan Too Optimistic?

"Permian is in a unique situation, but this is one that we can see playing throughout the world as growth continues. In countries where obtaining a visa is very difficult, the company will really be challenged, "said Airswift CEO Janette Marx.

In Texas, home to most Permian, basically job growth stopped in November 2018, despite the fact that production increased and will continue to increase, according to the latest data from the Texas Independent Producers & Royalty Owners Association (TIPRO).

"Job growth in the Texas upstream sector was basically flat in November compared to months of successive growth. The slowdown in employment is expected because of the impact of limited takeaway capacity in West Texas, lower crude oil prices, added burdens on E & P projects from rising service costs, and increased material costs resulting from steel and aluminum tariffs, "TIPRO President Longanecker said .

By Tsvetana Paraskova for Oilprice.com

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