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Back You are here: Home News Industry Headlines End-User News Skilled Labor Shortage, Safety Concerns Raising Oil & Gas Industry Salaries

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Skilled Labor Shortage, Safety Concerns Raising Oil & Gas Industry Salaries

Warnings that oil industry safety standards are being jeopardized by a shortage of experienced staff are supported by the newest Global Oil & Gas Workforce Survey from OilCareers.com and partner Air Energi. The lack of skilled trainers was identified as a major training issue by over 20%. The report confirms that heightened safety concerns due to economic instability combined with a continuing strong oil price and the on-going skills shortage, particularly in the LNG and subsea sectors, will continue to push oil related salaries upwards.

“Just over 34% of those responding to the survey perceived economic instability as being the biggest threat to today’s oil and gas industry. The skills shortage was a very close second; 32% view this as being a major challenge to overcome. In particular the shortage of subsea and LNG personnel is being felt throughout the industry and has a knock on effect in terms of project costs and delays,” says Ian Langley, group executive chairman of Air Energi.

“The recent tragic events in Algeria have served to further underline existing safety concerns throughout the oil and gas industry. It has long been the case that positions in certain geographic areas attract a higher level of remuneration to reflect the safety issues associated with the work location. Companies working in these locations take the security of their personnel very seriously and work to protect them and ensure their working environment is as safe as possible,” said Mark Guest, managing director of OilCareers.com.

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