According to a study by Grampian and the Aberdeen Chambers of Commerce, there are new benefits and increased confidence in the gas and oil industries. Apparently, the industry has shown resilience to the current economic downturn, choosing to retain as many employees as possible and foreseeing future opportunities. As a result, almost half of all companies promised to hire more workers in the next three years, from oil and gas producers to management positions.
Robert Collier,
CEO of the Grampian and Aberdeen Chamber of Commerce. Said the “change in business confidence is more visible internationally” than in the UK. His concern is that the gas and oil industries abroad will attract talent from the UK.
The industry itself is benefiting from rising oil prices, which is causing a lot of global investment. In the UK alone, the volume of 109 energy companies listed on the investment market increased by 35% in the third quarter of 2009. Of them, nearly two-thirds of the shares increased during that period. Overall, the oil and gas industry has grown 114% since the beginning of the year. In addition, experts at the accounting firm Ernest & Young found that oil and gas fundraising was around £ 333.3 million – the highest amount since the 2006 quarter.
The oil and gas sector in the UK seems to have a say in this, choosing to suspend or reduce salaries, rather than pay salaries. With this approach, as investors expect more and more assets are ready for growth. The UK industry may be in a better position to create more opportunities for oil and gas production. This is also considered to be as short as possible, as small and medium enterprises prepare joint ventures and businesses. To create tactical opportunities in the competition with wealthy investors and oil companies. The oil and gas industry has shown resilience and many want to strengthen the global economy, which the financial sector has failed to provide.
Given the history of non-industrialization,
its strong economic momentum seems to indicate that lessons have been removed. Last year, the sector had a difficult time as the UK Continental Shelf’s operating level also declined internationally. As a result, the rate at which they work with entrepreneurs at lower levels is higher than in previous years.
Now, the industry has decided to cope with the wind. And look to the future as if it were a promise of a revamped industry. With the opportunity to make oil and the work to be completed.
