The fifth annual Global Energy Talent Index (GETI), the world’s largest energy recruitment and emiployment trends report, is released today, showing that the COVID-19 pandemic has ushered in a crisis of confidence for the oil and gas workforce.

The report by Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, and Energy Jobline, the world’s leading jobsite for the energy and engineering industries, reveals that 78 percent of oil and gas professionals feel less secure in their jobs than they did a year ago, with two-thirds blaming the pandemic for their anxiety. These worries are shared by hiring managers, 77 percent of whom consider their employees’ jobs less secure than they were last year.

Driving this, a sense of precarity hovers over the whole sector. Forty-two percent of survey respondents believe the oil and gas market has contracted over the past year – and 24 percent characterize this as a “strong contraction”.

However, there remains plenty of hope for the future. Fifty-seven percent of respondents believe their employer is resilient to both recent and future changes and sixty-four percent expect the sector to grow over the next three years. The same number feel that advances in engineering techniques and technologies will be among the most important opportunities for oil and gas businesses over the period.

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Source: PetroleumAfrica