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Australia – Renewed confidence in Oil & Gas sector

21 November 2013

The Hays Oil & Gas Global Job Index for the third quarter of 2013 showed that business confidence is returning in Australia following the election of the new Coalition government. The Index charts the number of jobs posted on nine oil and gas portals across the world.  

In Australasia the Index stood at 1.60 at the end of September, up from 1.42 three months prior, meaning more oil and gas jobs are now available.

Declaring the country “open for business”, the new government has begun to put steps in place to remove red tape and facilitate acreage releases and approvals for onshore exploration.

According to the Index, in the offshore market, operators continue to focus their attention on cost effective Floating Liquefied Natural Gas (FLNG) technology with several projects emerging in the North West. All of this has resulted in a cautious but stable employment index as confidence begins to return and existing projects march on with one keen eye on maintaining maximum productivity.

Paula Kirwan, Regional Director of Hays Oil & Gas, commented: “This quarter has seen the award of many large scale employment services contracts for big ticket Liquefied Natural Gas (LNG) projects further moving into construction phases. Offshore trades and labour resources specifically focused on vessel crewing and logistics are beginning to see increased recruitment levels gearing up for new packages of work set to start early 2014.”

“Australia has also seen increased demand for their Specialist Fabrication and Quality Assurance/Quality Control (QAQC) candidates from overseas markets as work continues to build in major fabrication yards. As these large projects continue to run through their lifecycles further strain on resources in Subsea and Installation Engineering disciplines exist. Operators, Engineering/Procurement/Construction Management (EPCM) and Contractors continue to compete for the industry’s top talent,” she added.

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