Expect increased confidence and risk-taking from O&G firms in 2019, says SThree Director
Director of the Asia Pacific region at recruitment giant SThree, Scott Harrison, says 2019 will be a year of increased confidence within the oil and gas sector, as although oil prices are still unstable, rig counts are rising.
Scott, who has worked in oil and gas staffing for over a decade, believes new confidence levels will entice firms to take more investment risks in 2019.
“When there is a slump, everybody stops spending because business confidence is low,” says Scott.
“Companies are fearful to invest, which means expenditure is at an all-time low- as is risk-taking. As confidence rises, more companies will be recruiting and investing in the workforce.”
In Malaysia, a core focus for the Progressive brand (a trading division of SThree) in 2019, there has been a significant increase in demand for downstream oil and gas talent.
With many drilling campaigns reaching completion and slowing since the downturn, the requirement for subsea installations and maintenance hires will also grow naturally this year.
Scott continues: “The supply chain ripple means that while everyone is saying drilling has halted, there are positives to this, such as more subsea installations and the front-end design of well head platforms, etc,”
“When it comes to electrical, instrumentation and control-related disciplines, however, we have definitely seen a lack of vacancies- our intel tells us the installations division will provide the most job opportunities.”
This year, specialist recruitment company Progressive Recruitment will be focusing its efforts on subsea engineering, project engineering, project management and drilling within the upstream sector.
Scott’s teams are also recruiting for manufacturing, sales, maintenance and HSE talent within the downstream market.
“SThree have a long-term, historically-proven track record of being experts in these fields.”
“I have always been impressed by this company’s high level of recruitment and industry expertise, which has been proven over many years.”
“Alas, we will not be moving away from our stem markets this year and diversifying in 2019. Sticking with the market has enabled us to remain true experts in our field.”
Progressive Global Energy, a division of the SThree group, is recruiting for the Malaysia and wider Asia Pacific region now, including Singapore.
With headquarters in regions such as London, Aberdeen, Singapore, Dubai, Sydney, Perth and Houston, Progressive Global Energy has global coverage and delivery capability.
To find out more about Progressive’s current oil and gas vacancies, click here to browse Progressive jobs now.
For more information please contact the Singapore Progressive office at: firstname.lastname@example.org