2017 is expected to be a pivotal year for Canada’s oil and gas industry, setting the stage for industry activity and job recovery over the next five years, according to the Labour Market Outlook 2017 to 2021 for Canada’s Oil and Gas Industry report, released today by PetroLMI, a Division of Enform. The report provides labour market projections for the industry based on two scenarios, one if oil prices stabilize well above US$50 per barrel (/bbl) through 2017 and beyond, and one if oil prices retreat well below US$50/b... Continue reading
Archive for the ‘PetroLMI News’ Category
PetroLMI launches expanded career planning tool with more than 100 oil and gas occupations to explore and compare
PetroLMI has launched an expansion to its Career Explorer, a unique online career planning tool, which allows users to browse, search and compare more than 100 occupations in the oil and gas industry, as well as explore their transferable skills to other occupations and other industry sectors.
“With some positive momentum in the oil and gas sector, this tool can help job seekers match their skills and qualifications to a number of occupations in the industry. It can also help oil and gas workers determine what competen... Continue reading
Over the next four years, Canada’s oil sands companies are expected to require another 6,650 workers in oil sands construction, maintenance and operations as projects that are currently under construction move into production. While the construction workforce is expected to contract as those expansion projects come to an end, workers currently in oil sands construction may be able to transfer into maintenance jobs. The skills for industrial construction and for maintenance work overlap and allow for transferability and mobility between the two. Occupations that support these maintenan... Continue reading
The past two years were among the most difficult for Canada’s oil sands sector. Low oil prices, cost-cutting and restructuring resulted in a loss of approximately 2,400 direct jobs and thousands more indirect jobs. Added to all of that, was the Fort McMurray wildfires, which brought many operations to a temporary standstill.
With the worst of the downturn thought to be over, the oil and gas industry is cautiously optimistic. A modest recovery of about 3,450 net new jobs in oil sands construction, maintenance and operations is expected by 2020. Continue reading
Canada’s oil sands sector has experienced sustained cost-cutting, restructuring and deeper than anticipated job cuts in 2016, but a modest recovery of about 3,450 net job growth is projected over the next four years as companies shift their spending from expansion to maintenance, repair and optimization of their operations, according to PetroLMI’s latest labour demand outlook report.
The report, Oil Sands Labour Demand Outlook to 2020 Update, is an update to the February 2016 Labour Demand Outlook to 2020: Oil Sands Construction, Maintenance and Operations and i... Continue reading