Hays: Changing LNG Phase Helps Position Australia for Oil Plunge
Albeit “accidentally”, Australia was better prepared than other regions from a human resource perspective for the recent dramatic changes to the global oil and gas industry, according to Paula Kirwan, business director at Hays Oil and Gas in Australia.
The global recruitment firm this month released its sixth annual Oil & Gas Salary Guide, which surveyed 45,000 people across 188 countries in 25 different areas of specialization, including engineering, construction and supply chain involvement.
- Overall average salary for an oil and gas worker was $131,954
- 53% of the workforce received benefits
- 13% of respondents were female
- 60% were Australian and 40% were expatriates
- 86% would consider an international role for their next move
- 64% were permanent employees, while 36% were on contracts
- 51% say inadequate succession planning for knowledge transfer and skills retention is the main cause of the skills shortage
Source: Hays
Completed between September and November 2014, prior to the oil price falls, Hays has recognized that the change in market conditions was not fully reflected in the Guide.
However, as Kirwan observed, signs the Australian market was already moving in a different direction, including a decline in the overall average salary of $131,954 for oil and gas professionals, reflecting a local liquefied natural gas (LNG) sector that was transitioning beyond the construction phase.
Lack of Optimism
Kirwan recalls Australia being a “less optimistic place” when the survey took place, an outlook that fast-forward several months has helped offset the impact of the lower oil price in comparison to other regions.
“Back in September-October all of the feedback from Canada and North America was that they were going to hit boom stages, that there were several projects going to be approved, there was a massive skills shortage and we will need more people,” Kirwan told Rigzone.
1234
View Full Article
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea