Hays releases 'The Oil and Gas Global Salary Guide 2012'

Fri, 17 Feb 2012 09:54:06 GMT

Hays has revealed UK oil and gas industry professionals are enjoying competitive wages according to 'The Oil and Gas Global Salary Guide 2012', which is based on data from over 14,000 respondents.

The Guide, produced by Hays Oil & Gas and leading jobsite Oil and Gas Job Search, shows that full time UK oil professionals enjoy average salaries of £55,850* per annum which is more than twice the national salary average of £26,244**.

The 2012 survey also demonstrates strong growth in salaries for imported labour. Expat labour can command average salaries of £51,890 per annum: up 6.8% on the previous year.

Contractor day rates for those working in the North Sea (including the UK, Scandinavia and the Netherlands) are amongst the most competitive worldwide. Experienced engineers and managers can expect average rates of £540 per day and, for director level contractors, this figure rises to around £900 per day.

Matt Underhill, Managing Director of Hays Oil & Gas commented: "Last year we reported a 30% rise in contractor wages for UK professionals. This was particularly encouraging for UK based oil and gas professionals as the rates are a good indicator of the state of the job market, being more reactive to short-term changes in demand for skills."

Underhill continued: "The figures from the 2012 guide figures demonstrate that the UK oil and gas industry has maintained this recovery and day rates remain buoyant."

Duncan Freer, Managing Director of Oil and Gas Job Search added: "Average oil and gas salaries in the UK are around 8% more than the worldwide average.

"Greater activity is scheduled for 2012 and beyond following a difficult period during the recession. Despite some forecasts many oil companies are continuing to invest in the North Sea so it is a time to look forward with confidence."

The Salary Guide, which features data from over 50 countries, revealed that continuing global confidence is the central finding of the report. Over 30% of respondents expect salaries to go up by more than 10% in the next 12 months.

Employer confidence has also seen a large increase with 26.7% being extremely positive about the current market: up from just 9.7% in 2011. Three quarters of all employers expect staffing levels to increase in the next 12 months.

Matt Underhill, Managing Director of Hays Oil & Gas, commented: "The salaries, day rates and general sentiment in the guide reflect a strong and confident industry. There are now tremendous opportunities for new graduates and candidates with transferable skills to enter a buoyant and rewarding industry."

- ends -

Notes to Editors:
* Conversion for US$:UK £ is US$1:UK£0.641
** UK average salaries supplied by Annual Survey of Earnings.

2012 Salary Guide Summary:
Disciplines covered - 24
Countries represented - 53
Respondents to the survey -14,400
Respondents working with a global super major - 1,200
Respondents who are employers in the industry - 5,400

About Hays:
Hays is the leading global specialist recruiting group. It is the expert at recruiting qualified, professional and skilled people across the full lifecycle of the global oil and gas industry. Its recruiting experts deal in both permanent positions and contract roles within upstream, project development and downstream operations.

Hays employs 7,620 staff operating from 257 offices in 32 countries across 20 specialisms. For the year ended 30 June 2011, Hays placed around 60,000 candidates into permanent jobs and around 190,000 people into temporary assignments, including engineering jobs, building services jobs, accountancy jobs, finance jobs and architecture jobs.

Oil and Gas Job Search is the world's premier job site dedicated to professionals who work in the oil and gas industry.

Hays announces further US expansion

Tue, 24 Jan 2012 16:58:20 GMT

Hays, the leading global specialist recruiting group, has announced further expansion into the United States with the establishment of operations in Houston, Texas. This is the second Hays office to open in the U.S. this year and it will focus on the recruitment of skilled staff for the oil and gas industry.

The development of the Houston office will be spearheaded by Hays North American President John Faraguna, a long-term Houston resident with a BS and MS in Geology and many years of experience working in the industry, Faraguna will be supported by Matt Underhill, global director of Hays who oversees the development of the oil and gas business for Hays around the world.

"We have a great opportunity to become valued partners of energy companies and the service industry. The highly skilled workforce in this sector such as geophysicists, reservoir engineers, drilling engineers and IT professionals, are a key asset for all the companies involved in finding, producing, refining and distributing oil, gas and associated products," said Faraguna.

Houston is the home of many companies with whom Hays has already established relationships in Europe, the Middle East, Asia or South America and, as such, the recruitment specialist's global reach and focus on recruitment and staffing excellence will assist clients in finding these professionals either on a permanent or contract basis.

- Ends –

About Hays
Hays plc (the "Group") is a leading global professional recruiting group. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Asia Pacific and one of the market leaders in Continental Europe and Latin America. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments.

As at 30 June 2011, the Group employed 7,620 staff operating from 255 offices in 31 countries across 20 specialisms. Specialist roles recruited for include engineering jobs, finance jobs, construction jobs and health and safety jobs.

For the year ended 30 June 2011:
- the Group reported net fees of £672 million and operating profit of £114 million;
- the Group placed around 60,000 candidates into permanent jobs and around 190,000 people into temporary assignments;
- 31% of Group net fees were generated in Asia Pacific, 33% in Continental Europe & RoW (CERoW) and 36% in the United Kingdom & Ireland;
- the temporary placement business represented 54% of net fees and the permanent placement business represented 46% of net fees;

Business Monitor International reveals risks of unconventional oil going global

Wed, 07 Dec 2011 15:53:30 GMT

Business Monitor International (BMI) has published its latest study; 'Technological Innovations Transform the Global Oil Market'. This comprehensive assessment seeks to address the key discussion points over the past decade. These include the rise and increasing assertiveness of NOCs, the geopolitical implications of the locations of major oil reserves and of course, the overarching issue of the security of supply of the industrialised world vis a vis the increasing demands from emerging markets.

Unconventional oil exploration has the potential to change the dynamics governing the entire market. Business Monitor International anticipates the successes recorded in North America and more recently Argentina with shale oil, exploration to catalyse the adoption of new technology for players across the world in the coming years.

With investment and R&D rapidly breaching technological barriers in shale oil, Business Monitor International predicts environmental legislation as being the main factor in determining the levels of global unconventional oil production. Alternatively, the costs and technical difficulties still associated with shale oil, will result in low volumes over the next decade.

Oil extraction technology is being pushed to its limits, which in turn has catalysed new technological innovations that seek to turn unrecoverable resources-in place to commercially viable reserves. Shale oil (aka tight oil) and oil shale now represent the next frontier for unconventional oil E&P.

BMI’s portfolio of products provides comprehensive analysis across oil and gas industries which enable global investors, emerging market strategists and decision-makers across the corporate spectrum to assess and evaluate global political and economic risks and aid strategic planning activities over the short, medium and long term.

About Business Monitor International:
Business Monitor International established in 1984 with headquarters in London is recognised as a leading independent source for analysis and forecasts on Country Risk and Industry Analysis, spanning 175 countries. BMI provides research to multinational corporations, banks, funds, research centres and governments in 140 countries around the world, including more than 400 of the Fortune Global 500 companies.

Top Articles Tagged with oil-and-gas

Hays releases 'The Oil and Gas Global Salary Guide 2012'

Hays announces further US expansion

Business Monitor International reveals risks of unconventional oil going global