Most of the companies in the Oil & Gas sector have been going through restructures or mass redundancies in the last months of 2015. We are however seeing a sign of recovery this quarter from mid-January through to March in the gas market. Most of the companies have reduced workforces by over 50 % and they do not have resources to deal with new contracts. We are now seeing an increase in contractor usage in the market.
SA is flooded with good candidates and many are willing to travel to bigger states to seek suitable opportunities or even to the Middle East or UK.
Hiring intentions remain stagnant as cost cutting initiatives are ripe across the sector as a whole. Only business critical roles are currently being filled and until we see a substantial increase in the oil price it is unlikely there will be many jobs created.
Contractors are preferred to permanent hires and clients are looking more for candidates with a breadth of technical and commercial skills.
In Victoria there has been a sporadic flow of permanent and temporary roles with no major focus on one over the other.
Skills in demand
Cost Engineers are in demand due to the importance of cost throughout the sectors and we have also seen a relative rise in Maintenance Specialists, notably in the areas of planning and asset integrity due to the nature of the project life cycles here in Australia. Essentially upstream recruitment remains very quiet but there have been pockets of activity in downstream operations.
Excellent technical business development candidates remain in demand. Given the current nature of the oil and gas sector, companies are diversifying and seek strong candidates who can generate new revenue at a fast rate.
Process Engineers are sought to increase the efficiency of the existing operation. Pipe Welders - G6,
Due to budget constraints in the sector Project Managers with a proven record delivering under budget and in many cases ahead of schedule are in demand.
We are also seeing a need for niche Technicians within the oil and gas equipment sector. There has been some movement and restructuring taking place, and candidates with valve experience are in particular demand.
Candidates are realising that they now need a competitive edge in order to secure a role and are selling themselves more at interview and also being more aggressive with sending their resumes out. Some are even turning up at company offices and asking to speak with HR directly to see if there are any opportunities within the business as they understand the reality of what is happening in the sector.
Jobseekers are also increasingly looking to work with recruitment agencies as they are not getting the responses that they once did from employers.