The global oil and gas industry experienced a 29% drop in new job postings related to energy transition in Q3 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 1% increase versus Q3 2022. GlobalData’s Oil & Gas: Hiring Trends & Signals Q3 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the oil & gas industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Architecture and Engineering Occupations jobs accounted for a 12% share of the global oil and gas industry’s energy transition-related total new job postings in Q3 2023, down 29% over the prior quarter.
Architecture and Engineering Occupations drive energy transition-related hiring activity
Architecture and Engineering Occupations, with a share of 12%, emerged as the top energy transition-related job roles within the oil and gas industry in Q3 2023, with new job postings drop by 29% quarter-on-quarter. Management Occupations came in second with a share of 8% in Q3 2023, with new job postings dropping by 38% over the previous quarter.
The other prominent energy transition roles include Business and Financial Operations Occupations with a 7% share in Q3 2023, Installation, Maintenance, and Repair Occupations with a 7% share of new job postings.
Top five companies in oil and gas industry accounted for 40% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were Valvoline, Solvay, Shell, SBM Offshore, and Albemarle. Together they accounted for a combined share of 40% of all energy transition-related new jobs in the oil and gas industry.
Valvoline posted 1,575 energy transition-related new jobs in Q3 2023, Solvay 618 jobs, Shell 540 jobs, SBM Offshore 503 jobs, and Albemarle 400 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 55.10% share of total new job postings, Q3 2023
The largest share of energy transition-related new job postings in the oil and gas industry in Q3 2023 was in the US with 55.10% followed by Australia (7.01%) and the UK (5.50%). The share represented by the US was two percentage points higher than the 53.11% share it accounted for in Q2 2023.
For further understanding of GlobalData's Oil & Gas: Hiring Trends & Signals Q3 2023, buy the report here.
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GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
