PetroLMI kicks off 2018 with new project, Canada’s Changing Oil and Gas Workforce: Labour Market Information and Insights

Posted March 1, 2018 by Blog AdministratorPetroLMI News

Three years after oil prices began to plummet and overall expansion of the oil and gas sector halted, the labour market is still adjusting. While unemployment rates have declined in recent months, much of it has to do with workers leaving the oil and gas industry for different opportunities. The recent stabilization of oil prices has created some optimism, but, continued uncertainty about the economic and market challenges, combined with regulatory, environmental and geopolitical forces are limiting new investment prospects.

Oil and gas companies and service providers that support th... Continue reading

Canada’s Labour Shortage

Posted December 28, 2017 by Blog AdministratorLabour Market Information, Labour News

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