The renewables sector is providing the greatest opportunity for job growth, according to the managing director of energyjobline.com.
Hannah Peet spoke to Energy Voice in the wake of her company’s major jobs survey launch.
Click here to complete the survey.
She said: “The renewable energy industry is continuing to show great opportunities particularly within the offshore wind industry in Europe and the ability of oil and gas professionals to make the transition from oil and gas into offshore wind. The Solar Industry has shown strong signs of development in the USA with continued growth due to extended financial credits supporting the development.
“Aside from renewables, the power sector and more notably smart energy sector is showing strong signs of development, supported the requirement for all energy industries to look more closely at reducing environmental impact by using low carbon technologies and improving sustainability. Diversification within the petrochemicals industry into other chemical skills sets including process and chemical engineering are offering new opportunities to energy industry professionals.”
The firm has been acutely monitoring the jobs market since oil’s decline.
Peet added: “Due to continued pressure and financial impacts on the oil and gas industry there has been a drive for more cost effective technology and practices across the industry. This is also noticeable within the renewable energy sector, with further attempts to reduce costs and improve overall efficiency of the industry. The financial constraints of the oil industry has resulted in a reduction in levels of investment into longer term projects and an actual increase in investment in short term projects which as a result has changed the type of jobs being advertised within the sector. Across all energy sectors there is still a strong demand for experienced HSE Safety professionals, particularly within the Oil and Gas and Power & Nuclear industries.
“We have also seen a decrease in oil and gas jobs posted year-on-year since the industry’s decline, as well as a reduction in perm salaries by at least 4% in Europe. There has been an overall increase in the transition from the oil and gas industry into the renewable energy sector (in particular, offshore wind) and the power sectors. Research also shows that there has been significant increase (40%) in oil and gas professionals applying for renewable jobs and an 18% increase in them applying for nuclear roles.”
Due to the prolonged downturn, the traditional upstream market and emerging renewables space have seen greater synergies, according to the company leader.
“The upstream sector is currently in a challenging period with oversupply, limited demand growth, excessive debt and inadequate options except for restructuring and adaptation. Many smaller businesses are facing potential elimination from within the O&G market,” she said.
“Meanwhile, there has been considerable growth in renewables and with increasing economic competitiveness combined with the backdrop of climate change, growth may accelerate. It is anticipated that growth in renewables will likely continue, notwithstanding the recent substantial decline in share prices for publicly traded renewable energy companies, and also the drop in oil prices. This growth of the renewable sector is encouraging oil and gas businesses to focus further investment into renewable technology and combine current and proposed oil projects with renewable technology. The carbon management demands from key financial partners within the oil and gas industry are adding further pressure to adapt/restructure the upstream oil industry and consider alternative, less carbon intensive activities. Combined with political strength among climate conscious communities and the cost effective options available to reduce greenhouse gases is causing a direct transformation within the upstream industry.”
Energy Voice has recently partnered with Airswift and Energy Jobline to create the world’s largest energy research report: GETI (The Global Energy Talent Index). The report will investigate critical topics within the energy and engineering industries.
The GETI will highlight current and projected employment trends, sector and regional developments and provide the most comprehensive salary and benefits information within the energy industry worldwide. Complete the survey today and be part of the World’s largest energy industry report.
The survey aims to capture in-depth insight to how the energy sector’s workforce segment has evolved amid sub $50 oil.
Click here to complete the survey.
“We are hoping to give professionals and hiring managers valuable insight into what the energy industry is doing right now,” Peet said.
“We can answer questions such as: How has remuneration changed, given the market conditions? How are professionals transitioning between sectors? How is talent moving across the world? This will aid in generating new, exciting opportunities for professionals, whilst providing guidance to hiring managers on where they can find top talent. The survey will suggest why certain industries are showing higher levels of success in particular regions and how this success corresponds with the overall movement of talent across the world.
“There has never been a survey undertaken to this great an extent before and with our partner, Airswift and support from energy and engineering bodies globally such as the Renewable Energy Association, the Society of Professional Engineers and the EIC, we are able to reach a much larger audience than has been possible previously.
“Hiring the right talent is fundamentally key to every company in the energy industry, yet there are major challenges depending on whether you work in O&G, renewables, power or nuclear. There is also, shockingly, a lack of any kind of data available in the market regarding the opinions of professionals, which leaves the industry in the dark on what opportunities are available, where they should be looking and which sectors are hot and growing.
“It’s really important we survey as many people as possible so we can give as much insight and credible data as possible. We have so many O&G professionals asking us for advice on what they should be doing next and it’s our aim to keep this incredibly talented workforce in the energy industry, I hope with this report we can give people the information they need to make an informed decision on their careers. All of this information is essential to identify how the energy industry will continue to change over the coming years without making general assumptions based on current trends.”
Complete the survey today to win one of 10 Amazon gift vouchers worth $750 and receive an early release of the report as well as an insight into your focus skill set and associated salaries. Follow the link below to complete the survey today.
Click here to complete the survey.
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