We have released the Q4 2017 employment and labour market data for Canada’s oil and gas industry and thought it would be a good time to recap what happened to the workforce in 2017 and how it compared to our outlook to 2021. (more…)
As we head into 2018, there’s a sense of optimism that oil prices are stabilizing at a level that is more sustainable for energy companies. Regardless, we anticipate that companies will remain focused on effi... Continue reading
Canada is experiencing a labour shortage and many of the unfilled positions during Q3 were from the oil and natural gas industry. The upstream and midstream sectors of the industry employed over 176,000 people, a 3% increase from Q2. However, the labour shortage isn’t due to a growing industry. Overall, the oil and gas industry employment is tracking below 2016 numbers.
Despite increasing production, busier rig activity, and relatively higher oil prices, job recovery continues to be dampened by cautious investment and wide-scale efforts to improve profitability. The labour shortage... Continue reading
Oil and gas industry transformation prompts shifts in labour force requirements says PetroLMI reports
As the oil and gas industry transforms itself to become sustainable in a lower commodity price environment, it is experiencing some notable shifts in labour force requirements, a skills mismatch and a shrinking labour force, according to two studies released today by PetroLMI, a Division of Enform.
“The downturn in the oil and gas industry that began in late 2014 has created a structural shift and a refocus – from one of growth to operational performance improvements and it is having significant implications for labour productivity improvements, hiring practices, the types of... Continue reading
In previous forecasts, when the oil and gas industry was experiencing rapid growth, it was assumed that as workers retired those roles would be filled. However, in the current climate this is not the case. In 2015 and 2016, many of the positions vacated by retirements were not filled as part of companies’ strategies to reduce costs and create a leaner workforce. PetroLMI surveyed 36 companies in early February 2017, and they indicated that any decision to fill a role due to retirement would be assessed based on the position, type of work and availability of other options to accomplish the... Continue reading