Reshaping of the oil and gas industry workforce
According to a research by Brunel and Oilandgasjobsearch.com, 43% of workers want to leave the energy industry within the next five years. The oil and gas industry is facing a huge shortage of labour in the coming years due to renewables. More than half of the workers in the sector, in fact, are trying to enter the renewable energy industry. Energy companies ranging from Royal Dutch Shell and BP to smaller exploration companies had to cut tens of thousands of jobs in the wake of the coronavirus pandemic while cutting budgets. Now, with the strong recovery in energy demand and prices around the world, many companies have difficulty recruiting again. The report also states that “With more workers gravitating towards the renewable energy sector, it is likely that industry will continue to see an exit from those in traditional sectors. The higher salaries offered by the renewable energy and mining sectors are making the roles in these areas more attractive, adding to the pressure faced by recruiters in the oil and gas sector”.