Labor Problems in Oil and Gas Sector

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meby's picture
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Joined: 2012-04-17

A recent report by FMI addresses a skills shortage in the booming oil and gas market sector. Table 3 in this report shows the need for electricians in the Oil & Gas segment will nearly double from 2012 to 2017. This is going to push up wage rates and expose a skills gap in this sector.

What do the large contracting companies or their employees working in this market have to say about this report? Do they agree with it? What are they doing to best position themselves to avoid future manpower shortages? How do they plan to hang on to their best employees?

rbarnett's picture
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Joined: 2014-03-04

I'm not much of an economist, but just try to find a room in parts of North Dakota or Midland, Texas! If we can get approval for the pipeline, how will that affect the job market? And I don't even hear anybody really talking about the downstream refining sector. I would think that would have to take off, as well.
From what I see working with service suppliers there is definitely a shortage for the skilled electrician. What companies need to control is worker safety. Fatality rates are 7-8 times higher in the oil fields than they are in general industry. That is scary!

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