Job Market Monitor
Oil
Alberta – From labour shortages to 35,000 oilpatch jobs lost
Less than a year ago, Alberta was still complaining of a labour shortage. Schools couldn’t find bus drivers, job vacancy rates were the highest in the country. It’s no secret that the situation has changed. The Canadian Association of Petroleum Producers says that 35,000 oilpatch jobs have been cut this year, 25,000 from the oil … Continue reading
National Oilwell Varco – To cut 1,500 jobs
Houston-based oil equipment maker National Oilwell Varco’s Norwegian arm said Wednesday it is shedding 1,500 jobs, or about a third of its staff here, as sales drop on lower oil prices and industrywide spending cuts, a day after Norway’s dominant oil company Statoil ASA announced a similar-sized job cut. National Oilwell Varco Norway said it … Continue reading
Statoil Cutting up to 1,500 Permanent Jobs – WSJ
Norway’s Statoil launched the next phase of its efficiency program on Tuesday, announcing it would cut between 1,100 and 1,500 permanent employees by the end of 2016 as it looks to increase efficiency and strengthen competitiveness. The oil and gas major said a further 525 consultant positions will also be cut, while additional changes … Continue reading
Youth and the Oil Industry in Canada / Wages, Employment and School Enrollment
Increased wages have a dual impact for young men: they tend to reduce their full-time university enrollment rates―at least temporarily―and to bring (back) into the labour market those who were neither enrolled in school nor employed. Continue reading
Lloyds Banking Group’s study claims oil and gas jobs bonanza
Oil and gas firms could create up to 34,000 jobs over the next two year, according to a study from Lloyds Banking Group. The bank said 77% of companies in the sector it surveyed were planning for growth in 2013-14. Most firms (86%) saw expansion coming from organic growth rather than from mergers and acquisition. … Continue reading
Montana / Oil boom affecting educational choices of young people
The energy boom unfolding in the northern Plains states, centered in North Dakota, is quickly spilling over into Montana. It’s a big reason the U.S. is now forecast to be the world’s biggest oil producer within a decade. Not surprisingly, the boom is affecting the economic and educational choices of young people. Reporter Jack Healy is … Continue reading
Scotland / Statoil to create 700 jobs in North Sea development
Statoil is to invest £4.3bn in a North Sea oil field, bringing hundreds of jobs to the north east of Scotland. The Norwegian company said the investment in the Mariner field was the largest new offshore development in the UK in more than a decade. Statoil expects to start production from Mariner in 2017, pending … Continue reading
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