The closer look at the energy, oil and gas sector

Hays gives us the low down on salary and skill trends in the energy industry

Demand continues to be strong across the entire global energy market particularly within projects related to new developments. This includes offshore wind projects, exploration, development and the design and build of new offshore assets.

The nuclear market remains promising on the brink of rapid expansion as the government considers its decision on new build projects. Companies throughout the industry from global operators to SMEs are showing promising levels of recruitment activity.

Salary trends

The general increase in salary expected through 2012 will be driven by a buoyant oil price, as most countries around the world seek to extract the energy resources they need.

Whilst South America and Asia Pacific continue to lead the way in new investment, two of the traditional power houses of the industry, the North Sea and the Gulf of Mexico are also looking to hire. The market for contractors has remained steady.

They continue to command competitive rates, however employers still prefer to hire key senior staff on a permanent basis.

Click here to download the Hays Oil & Gas 2012 Salary Survey.

Skills in demand

We are seeing particular demand for those with experience of geosciences and offshore design, as well as for security cleared nuclear engineers.

Within the renewable energy sector, the successful delivery of the UK Crown Estate’s Round 3 of offshore wind projects will rely almost solely on the availability of skills and expertise across project consenting and development, grid connections and offshore construction disciplines.

Employers are also very open to recruiting ex Royal Navy candidates along with those who possess strong transferable skills from traditional or nuclear power generation industries.

Looking forward

There has been a steady increase in the price of oil which is a good indicator of the general price of energy. The sector is very positive, with salaries expected to increase by more than 10 per cent in 2012*.

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