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Middle East: Effects of Oil Slump on Workers across the Middle East and Africa

Oil companies are eliminating more jobs citing continued challenging market conditions for deep-water developments. Although some of the most recent cuts reported are from operations based in both the United States and Angola, it is the Saudi Arabian migrant workers who are most adversely affected by the oil price slump in the Middle East. The impact is felt across...

India: Oil & Gas Industry Faces a Significant Talent Shortage

India’s economic growth, as with all other countries, is closely linked to energy demand. But the ability to meet India’s energy demand is threatened as its oil and gas companies are facing a severe talent gap due in part to an aging workforce. As the workforce continues to move closer to more retirements, the talent pool with specialized expertise...

Utilizing MSP Programs to Manage Contingent Workforce in the Oil & Gas Industry

The oil and gas industry faces unique challenges in the changing global landscape, especially when looking to successfully plan for talent planning, talent acquisition, talent management, and compliance. While there are several concepts to keep in mind for the oil and gas industry, there are three major trends that the industry needs to look to if they are to...

United States: Oil Prices Become a Problem for Steelmakers

A decrease in the demand for U.S. steel is negatively affecting domestic producers and importers. Steelmakers in the United States are quick to blame a spike in the import of lower priced Chinese steel shipments to the U.S. for the recent plunge in prices. However, with imports nearing their lowest point in four years, the real culprit is coming...

United Kingdom: Continued Cuts to Workforce; Workers Seeking Jobs in Clean Energy Sector

Despite reducing its oil and gas workforce by more than 65,000 jobs in less than two years, U.K. oil and gas industry expects to continue cutting jobs and other costs over the next year. A recent report disclosed that workers employed in the sector had dropped from approximately 440,000 to roughly 375,000 since the start of 2014. Much of...

N. America: Price Drop Causing Continued Oil and Gas Layoffs and Talent Migration

In just over a year, the price of oil per barrel has dropped roughly 60% from June 2014. Last month the price of U.S.-produced West Texas Intermediate hovered in the mid-$40 per barrel range. As anticipated, many job cuts have occurred subsequent to the notable drop in prices. Industry experts have observed the majority of these cuts in the...

Canada: Unemployment on the Rise Due to Retail Job Cuts

The hiring market outlook is more positive in North America, than in South or Central America, for the first time since the economic downturn nearly a decade ago. Impacting both resource planning and cost allocation, in conjunction with ACA and Health Exchange markets, are an increasing number of markets initiating localized minimum wage regulations across the United States. There...

Malaysia: Oil and Gas Industry Facing More Layoffs

Malaysia’s oil production and reserves have experienced marginal growth in recent years, despite being the second largest producer of oil in South East Asia, and having the fourth largest reserves in Asia. The country’s gas production continues to trend upward, though holding steady in recent years. Malaysia remains one of the world's largest producers of liquefied natural gas (LNG)....

UAE: Look to Global Talent as Oil and Gas Sector Grows

The population of Abu Dhabi is on the rise, with an average annual growth rate of 7.7 percent. This population growth was primarily due to migration as the rate of the natural increase of Abu Dhabi’s population only contributed to one-sixth of population growth, while emigration to the country made up the other five-sixths of growth. Likewise, the population...

Mexico: Congress Approved Energy Reform Opens Oil and Gas Sector to Private Companies and Investors

The oil and gas industry in Mexico has entered an exciting time. After 76 years of nationalized oil, the Mexican Congress approved an energy reform that opens Mexico’s oil sector to domestic and foreign private capital. Private oil companies and investors will now be permitted to operate in Mexico alongside Pemex or on their own for the first time...