The oil and gas industry is changing faster than ever before. If you’re not paying attention, you might miss out on some huge opportunities. In this blog post, we will discuss 5 changes happening in the oil and gas sector that you need to know about. We will also talk about how these changes are affecting jobs in the industry and what to expect in the future.
Oil prices are climbing steady
Looking back to the beginning of 2021 we seen oil prices sitting around $52.00 a barrel for the WTI Crude, since then we have been seeing a heathy climb which consists of a rise and decline but overall continuing to trend upwards. There are a lot of key factors that helped influence this like OPEC oil production cuts, US sanctions on Iran and Venezuela, instability in Libya plus global economic growth. All these factors seem to be pushing the prices up bit by bit every day.
Oilfield services are starting to rebound
The oilfield services sector have been through a tough time lately over the past few year with companies going bankrupt and workers losing their jobs but it seems that the tide may be turning. There are already oilfield services companies that have started to rebound and even expand their businesses. This is a good sign for the industry as a whole and could lead to more jobs being created in this area, ensure you keep a look on our job leads on the new oilfieldnow.com to stay up-to-date with jobs in your area.
Technology is changing everything
Everywhere you look there seems to be new technology coming out that is changing the oil and gas sector like never before. We are seeing huge advancements in areas like hydraulic fracturing, horizontal drilling and even seismic imaging. This is allowing oil and gas companies to find new reserves of oil and gas that were once inaccessible and increase production from existing fields.
The job market is over saturated
With the industry rebounding, companies looking for workers and inflation starting to hit new all time highs.. we could be looking at an amazing few years ahead. What we are seeing is the huge demand for oil and gas workers around the world now, companies cant find workers fast enough. Increase in wages? yes please.. all thanks to demand for workers and inflation; expect to see jobs paying more to get you in their door.
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What does this mean for you?
Whether you are still in the oil and gas industry or looking to get within it, now is a great time to be looking for jobs. Companies are starting to increase salaries as they compete for the best talent. If you’re not in the oil and gas industry, it might be time to consider getting into it.. with oil prices on the rise and a steady flow of work coming up.. don’t miss out on that next opportunity.
The new oilfieldnow.com website is set up to help you on this front, you can easily sign up as a job seeker, post your resume, check out the latest job leads or search the job board for jobs directly in your area. We are going to be ramping up all efforts to help bridge the gap in our industry.
It’s going to be a very different future for our industry, one that is ripe with opportunity. Stay tuned for more oil and gas sector updates!