Hays Oil & Gas Quarterly Report

Hays Oil and Gas is producing a quarterly report for Oil and Gas Industry. The last one, published just today indicated that the quarter from January to March saw a strong rebound in activity following a somewhat subdued Christmas holiday period.

Hays found that the industry in the UK has continued to move along at an incredible pace over the last three months. Demand is still very strong, with record budgets set aside for new projects and a market that is going from strength to strength. As the demand is strong, the increase in outsourcing large numbers of work to

The oil price and technological advancements have of course driven this appetite for investing in new projects, with many seeing attractive margins as a trigger to invest with confidence.

As most projects are at development stages, we are seeing demand move away from operations based roles and into those at the front end of the life cycle. These include geosciences and subsurface disciplines within exploration and asset development, and subsequent discipline and project engineering (offshore structural, naval architects, and process) to see projects through to development.

In terms of trends in recruitment we have seen a cyclical shift away from existing PSL's as companies seek to find specialist skills in short supply. We ourselves have also been busy delivering on a number of high volume campaigns for clients outsourcing over 50 vacancies at a time. This allows both parties (recruiter and client) to commit to the task at hand and ensure successful delivery of skills to the business stakeholders.

From the candidate's perspective the key drivers are those seeking career progression and also a move to be exposed to more interesting technical work. The contractor market is also still booming for those wishing to earn salaries in a more tax efficient manner, an obvious need for many within the current tax regime.

For more information please refer to the Hays Oil and Gas Quarterly Report below.

If you have any questions or would like to discuss please feel free to contact me. Contact details in the contact section.

Hays Oil Gas Quarterly Report APR 2012