In 2015 U.S. oil & gas production driven by a decade of shale oil growth remained steady despite a significant decline in drilling activity. However, reports issued in early November by the Energy Information Administration indicate that production was starting to decline as operators waited for the recovery in price before completing new wells. The market in North America was unpredictable in 2015 and this is set to continue throughout 2016.

US drilling activity saw a considerable slowdown in 2015. According to Baker Hughes Rig Count data there was a 60% drop in active rigs, dipping to levels not seen since July 2010, as upstream activity, primarily driven by the “shale boom”, has slowed in response to low oil prices. The drop in active US oil rigs has yet to translate into significant output declines, as the drop in activity levels have been offset by high-grading and other efficiency gains. However, the most recent data clearly shows that onshore production growth has stalled and output is starting to decline. It is still to be seen what effect, if any, this decline will have on the global supply/demand imbalance and prices.

Throughout 2015 there was a fundamental attitude shift in Washington D.C. towards lifting the 40 year ban on US crude exports. Experts from different fields agree that exporting US crude oil will help grow the economy, lower consumer fuel prices and create jobs, all at a time when the industry sorely needs a boost. Once the world’s largest energy importer, the US is now poised to become the largest LNG exporter in the world  (set to overtake Australia) and this could potentially trigger five to seven years of unprecedented growth in demand for domestic natural gas.

Although there have been layoffs and redundancies in oil & gas in North America , there still remain pockets of hiring activity;  LNG projects, such as Freeport, Sabine and Cove point have moved into construction phase. This has led to high demand for qualified skilled labour including Electricians, Welders and Mechanical Fitters. Furthermore, additional projects are expected to receive FID and move forward with construction plans over the next 12 to 18 months. As these projects move through the phases, demand for skilled trades will intensify as competing projects battle for talent in order to meet project timescales.

Source: The 2016 Compensation, Recruitment and Retention Guide for the Oil and Gas Industry, Hays 

at OTC Houston 2016

Our Global Recruitment Director Joanne Telfer will be at Offshore Technology Conference Houston  OTC 2016 – come and meet Joanne at Booth 2063 at the Scotland Pavilion, NRG Center, OTC 2016, Houston from 2-5 May 2016

Contact Joanne Telfer  +44 7547 761779  Email joanne@tenlivegroup.com  

 Ten Live is a multi award-winning, independent, Scottish global oil & gas talent acquisition and management firm. 

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360 global contract, temporary, permanent manpower to  blue-chip global majors, SMEs, preferred supplier to global corporations delivered via our talent management & acquisition Engage© Programme,  underpinned by our QMS ISO 9001:2008, ISO 14001: 2004, ISO 18001: 2007 accreditations

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Our expert,  dedicated, highly-experienced oil & gas energy recruiters  go beyond the norm to ensure our clients find the right people for their firm and to retain top talent –  onshore and offshore (full rig, engineering, subsea, onshore marine, QHSE, scientific, oilfield services, full project teams, skilled/unskilled labour) commercial

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About 

Ten Live is an international resource management company with the expertise & the commitment to work together with our clients to find the right recruitment and retention solutions to ensure success

With our roots in Scotland,Ten Live  operate across the United Kingdom, MENA, Asia Pacific, Africa, the Americas and Australia.

We provide 360-degree customer-centric resourcing solutions in core sectors technical (energy, engineering and manufacturing),supply chain/logistics , industrial telecoms, and general staffing

Officially one of the Top 90 companies in Scotland

We have immediate availability to a UK and global pool of  skilled, unskilled, middle management and executive personnel – the right people are sourced for our clients, ranging from Senior Executive, Operational, Technical & Support on a Permanent and Contractor basis from Individual Placements to full 360 degree project resource solutions within the  technical (energy, engineering, manufacturing), industrial, supply chain/logistics, rail and telecoms sectors

 At  Our Guiding Principle Is Quality

We are extremely proud of our quality management systems which we continually seek to improve through our ISO 9001:2008, ISO 14001: 2004 Environmental Management and  ISO 18001 : 2007 Health & Safety Management accreditations.  In January 2016 we have just achieved ISO 9001:2008 for another year ! Our ISO accreditations reinforce  our   commitment to  quality and continuous improvement which we manage via our Engage© programme to our clients, candidates & contractors

In January 2016 we were once again awarded  100% excellence by an external multi-client auditor for our Legal & Compliance, Client Service and Operational Processes  with one of the UK’s leading brands. This endorsement cements our commitment to quality excellence

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