Energy industry faces ‘excessive wage inflation’ unless it can improve transferability of workers
An imbalance between supply and demand in the energy labour market could send wages through the roof, the head of a leading skills body has projected.
workforce
Ageing oil and gas workforce presents net zero challenge
The UK’s oil and gas industry faces worrying workforce shortages if current skills gaps are not addressed, the ECITB’s 2021 Workforce Census suggests.
Job security ‘is a major concern’ says BP chief, but gives no answer on potential cuts
The chief executive of BP has said “job security is going to be a major concern” amid the Covid-19 pandemic but gave no answers on any potential cuts the energy giant might make.
More than a million oilfield services jobs will ‘likely be cut’, Rystad warns
More than a million oilfield services (OFS) jobs globally "will likely be cut" as the industry grapples with the oil price war and the effects of the coronavirus, according to Rystad Energy.
UK oil workforce numbers stabilising, new report says
UK oil and gas industry workforce numbers have stabilised as confidence gradually returns to the basin, according to a new report.
Healthy offshore workforce means a healthy balance sheet
Employees are a company’s most valuable asset so it makes sense to look after them.
Oil and gas leaders need to pay attention to stretched workforce
Former primary school teacher turned motivational speaker, Gavin Oattes, is managing director of workshop and training course provider Tree of Knowledge.
Unions want involvement in tax regime talks
Unite claims offshore trade unions "must" be represented on the expert panel proposed by the Chancellor of the Exchequer.
GE Drilling to cut staff and close Louisiana plant
GE Drilling has informed employees at its Louisiana plant it plans to make 77 redundancies.
EDF to cut more than 4,000 jobs in France, 6,000 globally
EDF said it plans to cut more than 4,000 jobs in France by 2018 and 6,000 jobs globally by 2019.
Ensco in further job losses as onshore jobs hit
Ensco will reduce its onshore support jobs by a further 14% in a bid to streamline costs amid the continued decline in oil price. The offshore driller previously said earlier this year it had halved its onshore workforce by 50%.
Sales boost helps TCO expand its workforce
TCO said it has expanded its workforce by a third after strong sales results for the company. The well completion technologies provider has employed eight new members of staff within the past six months for its UK base, including a new managing director. Paul Betteridge was appointed in March in response to company growth and to focus on TCO’s international expansion.
Skills must stay top of the agenda, says Opito
It is more critical than ever for North Sea oil and gas firms to keep skills at the top of their agenda, despite any layoffs caused by low crude prices, industry body Opito said. The skills, standards and workforce development organisation said there was still an over-riding need to turn potential talent into the offshore workers of tomorrow. Doing so will not just equip the industry with the people it requires when oil prices rise but also help to keep safety at the forefront of operations offshore, it added. Opito managing director John McDonald’s reminder of the importance of maintaining a competent and safe oil and gas workforce came as the Portlethen-based organisation set out its priorities for the year ahead.
Sir Ian Wood becomes founding member of advisory group
An advisory group has been established to help the Government address Scotland’s failure to equip young people for work. Sir Ian Wood will be a founding member of the Scottish Government’s Developing the Young Workforce National Advisory Group. The oil magnate chaired the Commission for Developing Scotland’s Young Workforce, which found Scotland is “simply not preparing or equipping young people for the world of work”.
Opinion: Fuelling the next generation – I’m not so sure about that
Wow ...12,000 new entrants to join offshore oil and gas industry in next five years headlines the industry report. Brill! But, over the same period, around 9% of the current workforce, for long said to be around 450,000 but now discovered to be 375,000 will disappear. I’m curious about the apparently sudden drop from 450,000 to 375,000 direct and induced. It doesn't seem to be explained. That’s a heck of a reduction and begs the question as to the accuracy of the old overall workforce number. I have to assume that the methodology that generated the 450,000 figure a decade or so ago was as rigorous as the one that EY has applied for this latest study.