The global oil and gas industry experienced a 10% drop in new job postings related to lng in Q2 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 7% increase versus Q2 2022. GlobalData’s LNG Liquefaction Industry Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries, 2021-2026 report provides granular data on capacity of active, planned, and announced liquefaction terminals, and new build and expansion capital expenditure outlook at global as well as regional level. Buy the report here.
Notably, Architecture and Engineering Occupations jobs accounted for a 16% share of the global oil and gas industry’s lng-related total new job postings in Q2 2023, down 11% over the prior quarter.
Architecture and Engineering Occupations drive lng-related hiring activity
Architecture and Engineering Occupations, with a share of 16%, emerged as the top lng-related job roles within the oil and gas industry in Q2 2023, with new job postings drop by 11% quarter-on-quarter. Management Occupations came in second with a share of 10% in Q2 2023, with new job postings dropping by 8% over the previous quarter.
The other prominent lng roles include Business and Financial Operations Occupations with a 10% share in Q2 2023, Computer and Mathematical Occupations with a 9% share of new job postings.
Top five companies in oil and gas industry accounted for 46% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2023 were Koninklijke Vopak, Shell, John Wood Group, Exxon Mobil, and Venture Global LNG. Together they accounted for a combined share of 46% of all lng-related new jobs in the oil and gas industry.
Koninklijke Vopak posted 154 lng-related new jobs in Q2 2023, Shell 148 jobs, John Wood Group 102 jobs, Exxon Mobil 101 jobs, and Venture Global LNG 82 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 43.30% share of total new job postings, Q2 2023
The largest share of lng-related new job postings in the oil and gas industry in Q2 2023 was in the US with 43.30% followed by Australia (12.93%) and India (9.23%). The share represented by the US was 0 percentage points higher than the 42.88% share it accounted for in Q1 2023.
For further understanding of GlobalData's LNG Liquefaction Industry Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries, 2021-2026 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.
