Growth and large-scale retirements are driving the Canadian petroleum industry towards severe labour shortages. In fact, the Canadian petroleum industry may need to hire between 40,000 and 130,000 workers over the next 10 years. Visit the Petroleum HR Council’s websites at www.petrohrsc.ca or www.careersinoilandgas.com for more information.
TIL is one of the oldest construction equipment suppliers in India. Rising infrastructure spending and private capital expenditure are expected to boost demand for construction equipment. Total infrastructure and industrial capex is projected to grow at a CAGR of 13% from FY2010 to FY2012. TIL is well positioned to capitalize on growth opportunities, with the ability to leverage its long experience and product alliances. The report estimates TIL will register a CAGR of 31% in revenues and 24% in profits from FY2010 to FY2012. At current price levels, TIL stock is trading at an attractive valuation.
The engineering and capital goods industry in India has experienced robust growth in recent years. Turnover of the capital goods industry reached US$ 70 billion in 2017 and is forecasted to grow to US$ 115.17 billion by 2025. Electrical equipment production is also expected to increase significantly, reaching US$ 100 billion by 2022. Engineering research and design revenues are projected to increase fourfold to US$ 42 billion by 2022. Overall the industry has benefitted from growth in sectors such as infrastructure, power, mining and automotive which has driven demand for capital goods. The government has also introduced policies to support the industry's growth.
This document discusses factors to consider when assessing national business environments and potential markets for international business. It identifies political, legal, economic, infrastructure, and competitive factors to evaluate in countries. It also provides examples of how to measure potential in industrialized markets like market size, growth, and consumption capacity, and in emerging markets like infrastructure, economic freedom, and country risk. Secondary sources of country data and methods of primary research like surveys, interviews, and trade shows are also reviewed.
This document discusses the labour supply problem facing Australia's resource industry. It notes that the industry is experiencing a serious skills shortage, with demand for tradespeople and semi-skilled workers exceeding supply. A survey found 86% of resource companies experiencing skills shortages. The industry employs over 200,000 people directly and more indirectly, and needs 40,000 more workers by 2015. However, the talent pool is dwindling relative to industry needs. Solutions discussed include improving temporary skilled migration and maximizing new agreements to access overseas labour while continuing training locally.
For updated information, please visit www.ibef.org December 2017
ENGINEERING AND CAPITAL GOODS
- The engineering and capital goods market in India is growing rapidly and is expected to reach US$ 125.4 billion by FY17 from US$ 46.18 billion in FY15.
- Key segments driving growth include electrical equipment, construction equipment, engineering research and design, and telecom equipment. The electrical equipment market is projected to reach US$ 100 billion by FY22.
- India has a comparative advantage in the engineering sector via low manufacturing costs, skilled labor, and growing domestic demand from sectors like infrastructure, power, mining and construction.
The oil and gas industry faces major skill shortages due to an aging workforce and lack of experienced professionals entering the industry. Over the next decade, more than half of oilfield professionals will reach retirement age. Younger workers do not have sufficient experience and technical skills to replace retiring experienced workers. This skills gap is reducing industry productivity and oil production. The G20 Training Strategy aims to build connections between education and the job market to improve workforce skills and address these shortages facing the oil and gas sector.
Toyota's mission statement focuses on technology and strategic actions like providing world-class safety, optimizing energy use, and eliminating traffic casualties. Boeing faced problems from outsourcing too much production for its 787 Dreamliner without monitoring suppliers like Toyota does through Kaizen techniques. Tata Group has grown inorganically through acquisitions like Corus, allowing it to enter new markets, but future acquisitions will require careful integration to preserve Tata's culture.
TIL is one of the oldest construction equipment suppliers in India. Rising infrastructure spending and private capital expenditure are expected to boost demand for construction equipment. Total infrastructure and industrial capex is projected to grow at a CAGR of 13% from FY2010 to FY2012. TIL is well positioned to capitalize on growth opportunities, with the ability to leverage its long experience and product alliances. The report estimates TIL will register a CAGR of 31% in revenues and 24% in profits from FY2010 to FY2012. At current price levels, TIL stock is trading at an attractive valuation.
The engineering and capital goods industry in India has experienced robust growth in recent years. Turnover of the capital goods industry reached US$ 70 billion in 2017 and is forecasted to grow to US$ 115.17 billion by 2025. Electrical equipment production is also expected to increase significantly, reaching US$ 100 billion by 2022. Engineering research and design revenues are projected to increase fourfold to US$ 42 billion by 2022. Overall the industry has benefitted from growth in sectors such as infrastructure, power, mining and automotive which has driven demand for capital goods. The government has also introduced policies to support the industry's growth.
This document discusses factors to consider when assessing national business environments and potential markets for international business. It identifies political, legal, economic, infrastructure, and competitive factors to evaluate in countries. It also provides examples of how to measure potential in industrialized markets like market size, growth, and consumption capacity, and in emerging markets like infrastructure, economic freedom, and country risk. Secondary sources of country data and methods of primary research like surveys, interviews, and trade shows are also reviewed.
This document discusses the labour supply problem facing Australia's resource industry. It notes that the industry is experiencing a serious skills shortage, with demand for tradespeople and semi-skilled workers exceeding supply. A survey found 86% of resource companies experiencing skills shortages. The industry employs over 200,000 people directly and more indirectly, and needs 40,000 more workers by 2015. However, the talent pool is dwindling relative to industry needs. Solutions discussed include improving temporary skilled migration and maximizing new agreements to access overseas labour while continuing training locally.
For updated information, please visit www.ibef.org December 2017
ENGINEERING AND CAPITAL GOODS
- The engineering and capital goods market in India is growing rapidly and is expected to reach US$ 125.4 billion by FY17 from US$ 46.18 billion in FY15.
- Key segments driving growth include electrical equipment, construction equipment, engineering research and design, and telecom equipment. The electrical equipment market is projected to reach US$ 100 billion by FY22.
- India has a comparative advantage in the engineering sector via low manufacturing costs, skilled labor, and growing domestic demand from sectors like infrastructure, power, mining and construction.
The oil and gas industry faces major skill shortages due to an aging workforce and lack of experienced professionals entering the industry. Over the next decade, more than half of oilfield professionals will reach retirement age. Younger workers do not have sufficient experience and technical skills to replace retiring experienced workers. This skills gap is reducing industry productivity and oil production. The G20 Training Strategy aims to build connections between education and the job market to improve workforce skills and address these shortages facing the oil and gas sector.
Toyota's mission statement focuses on technology and strategic actions like providing world-class safety, optimizing energy use, and eliminating traffic casualties. Boeing faced problems from outsourcing too much production for its 787 Dreamliner without monitoring suppliers like Toyota does through Kaizen techniques. Tata Group has grown inorganically through acquisitions like Corus, allowing it to enter new markets, but future acquisitions will require careful integration to preserve Tata's culture.
The document provides an overview of the engineering and capital goods sector in India. Some key points:
- The capital goods and engineering turnover reached US$ 125.4 billion by FY17 from US$ 46.18 billion in FY15, driven by increasing industrialization.
- Electrical equipment market size is forecasted to reach US$ 100 billion by FY22 from US$ 21 billion in FY17. Engineering research and design revenues are projected to increase fourfold to US$ 45 billion by 2020.
- The construction equipment market is expected to reach US$ 7 billion by 2020 from US$ 4.2 billion in FY17. Telecom equipment market is projected to increase at 50%
The document discusses the engineering and capital goods sector in India. It notes that the capital goods and engineering turnover in India is expected to reach US$125.4 billion by FY17 from US$46.18 billion in FY15, representing a CAGR of 24.9%. The electrical equipment market size is also forecasted to reach US$100 billion by FY22 from US$21 billion in FY17, growing at a CAGR of 19.6%. Engineering exports from India have grown at a CAGR of 7.
The document provides an overview of the engineering and capital goods sector in India. Some key points:
- The turnover of the capital goods industry in India is estimated to reach US$ 115.17 billion by 2025, up from US$ 70 billion in 2017.
- Electrical equipment production in India is forecasted to reach US$ 100 billion by 2022, growing from US$ 27.3 billion in 2017-18.
- Engineering research and design revenues in India are projected to increase fourfold to US$ 42 billion by 2022 from US$ 28 billion in 2018.
Engineering and capital goods exports from India have grown significantly over the past decade, reaching US$65.23 billion in FY17. The sector is dominated by heavy engineering segments such as electrical machinery, construction equipment, capital goods, and automotive. Light engineering also has a large presence with segments like medical equipment, casting, forging and fasteners. Going forward, the sector is expected to continue its robust growth driven by rising industrialization, infrastructure development, and capacity expansion across core industries. The engineering sector provides significant opportunities for both domestic and international players in India.
Tata Steel is one of the largest steel producers in the world with a presence in over 50 countries. It has a crude steel production capacity of 30 million tonnes annually. The company has expanded significantly through acquisitions in recent years including Corus Group, which expanded its operations in Europe. It is focusing on increasing production capacity in India and securing raw materials globally through investments and joint ventures. The global economic slowdown has impacted steel demand and Tata Steel's financial performance. It is taking steps like cost reductions and production rationalization to address challenges in the current market environment.
The Indian auto sector shows major improvements in manufacturing capabilities and has great potential for growth in a developing market. However, challenges remain around transportation infrastructure, product quality, skilled labor, regulations, and increasing scale. The Auto Mission Plan aims to double the sector's GDP contribution and jobs by 2016 through $40B in investment and $35-40B in exports. Achieving these targets will require developing suppliers, lowering costs through scale, stimulating domestic demand, and exploiting export opportunities.
Engineering and capital goods exports from India have grown significantly over the past decade, reaching US$65.23 billion in FY17. The top categories of engineering exports from India are transport equipment including automotive and auto components, accounting for 32.46% of total exports. Industrial machinery including electrical machinery is the second largest category at 23.85% followed by iron and steel products. The engineering sector in India is expected to continue growing driven by increasing industrialization, infrastructure development, and the expansion of core sectors such as power, mining and construction.
The engineering sector in India has grown significantly in recent years due to increased investments in infrastructure and industrial production. It is an important sector for India's economy. Key growth drivers include capacity expansion in sectors like infrastructure, oil & gas, power and automobiles. The government has undertaken several initiatives to promote the engineering sector through organizations like EEPC India and policies supporting foreign investment, technical education and infrastructure projects. Exports of engineering goods have also risen, with transport equipment, iron & steel products and industrial machinery being leading categories. The sector is expected to continue growing as government spending on engineering and associated industries increases.
Comparative study of the financial analysis of Tata steel and Jindal Steelarchit aggarwal
This document provides an overview of the steel industry in India. It discusses that India is the 4th largest producer of crude steel globally. It then outlines the major players in the public and private sector of the Indian steel industry such as SAIL, Tata Steel, and JSW Steel. The document also summarizes recent major investments and developments in the industry as well as various initiatives taken by the Indian government to support the steel sector. It concludes by stating that the steel industry in India is anticipated to see investments of Rs. 2 trillion in the coming years based on increasing domestic demand.
For the complete report, get in touch with us at : info@netscribes.com
Abstract:
Netscribes’ latest market research report titled Wind Turbine Market in India 2014 mentions that renewable energy is gaining prominence within the country. Wind energy accounts for majority of the renewable energy generated in the country. With the country facing continuous shortfall in the supply of energy to meet the expanding demands through conventional sources, the focus is shifting from conventional sources of energy to renewable energy. As more and more wind projects are planned for this reason, the market for wind turbines is also expected to grow. Various other reasons such as the high prices and lack of easy availability of raw materials for generating electricity through thermal plants is also driving growth in the market. However, the government’s decision to withdraw various schemes which provided several incentives to wind energy producers is having a negative impact on the market’s growth. Off-shore wind energy generation, hybrid generators such as solar photovoltaic and wind and wind and diesel, as well as advent of small wind turbines are some of the trends that can be seen in the industry at present.
Several government and industry bodies are working towards the development of the market and various policy and regulatory incentives are being provided to wind energy producers. However, the market is import dependent. Majority of the players operating in the market are foreign companies and there is stiff competition among these players. The advancements in technology and the resultant reduction in costs will ensure that the market will grow steadily in the next few years.
Coverage
• Overview of the wind turbine market in India and historical and forecasted market size data over 2007 to 2018
• Segmentation of the wind turbine market and cost components of various types of generators
• Export-import overview of wind turbines, value of export-import over 2009-10 to 2012-13 and country-wise value of export-import for 2011-12 and 2012-13
• Qualitative analysis of market drivers, challenges, trends and regulatory measures taken by the government
• Overview of the various industry bodies and their responsibilities
• Analysis of the competitive landscape and detailed profiles of major players
This document is a project report submitted by Shivam Saxena for their post graduate diploma in management. The report focuses on conducting a fundamental analysis of Tata Motors. It includes an acknowledgement, declaration, contents, executive summary and introduction sections. The objectives of the study are to analyze Tata Motors' ratio analysis, industry trends, and growth factors. The research methodology involves collecting secondary financial and annual report data from Tata Motors over an 8 week period in 2015.
The automotive industry is a major global economic sector involving the design, development, manufacture, marketing and sale of motor vehicles. The Indian automotive industry has grown rapidly since market liberalization in 1991 and is now one of the largest in the world. In Kerala, automobile sales have seen strong growth in recent decades driven by rising incomes. Popular car brands in Kerala include Maruti, Hyundai, Ford and Volkswagen, with Maruti maintaining a strong market leading position. The AM Group operates multiple automotive dealerships in northern Kerala representing brands like Maruti, Honda and IOC lubricants.
White Paper on Australian Opportunities for a Consulting GroupParthosb
- is an engineering consulting firm that has operated for 60+ years and now seeks to enter the Australian market.
- Key opportunities in Australia include growth in infrastructure, declining mining profits increasing demand for productivity solutions, and government initiatives in electricity markets.
- will position itself as an experienced engineering and technology consulting firm that provides customized IT solutions and a focus on operational productivity and cost optimization.
- An action plan is outlined to set up local operations, develop marketing materials, and appoint a team to manage business development and projects in Australia.
ty
.in
The industrial policy outlines the objectives, strategy, and action plan to promote industrial development in Chhattisgarh from 2009-2014. The key objectives are to generate employment, encourage private sector participation in infrastructure, promote exports, and attract foreign investment. The action plan focuses on improving basic infrastructure like roads, power, and water supply. It also aims to develop industrial areas and clusters, simplify administrative processes, rehabilitate sick units, promote entrepreneurship, and provide subsidies and exemptions to priority sectors and backward areas. The overall goal is to accelerate industrialization and achieve balanced regional development in the state.
This document discusses the Indian construction industry and provides a forecast for 2013. It notes that the construction sector contributes 8% to India's GDP and is the second largest employer. In 2013, the residential real estate sector is forecasted to see growth in the second half of the year as home prices are expected to come down due to oversupply. Commercial and retail real estate are also expected to see moderate growth. Key factors like infrastructure development and availability of financing will influence growth in the construction industry.
The document summarizes key findings from a presentation about labour market projections and workforce strategies for Canada's petroleum industry through 2020. It finds that labor shortages will persist regardless of economic conditions due to an aging workforce and insufficient labor supply. While new entrants can help meet hiring needs, this risks lower productivity. The industry will need to draw from diverse labor pools and boost retention, training, and productivity through technology to address labor demand.
University of Calgary Careers in Oil & Gas presentationPetroLMI
The Petroleum HR Council addresses workforce issues in Canada's oil and gas industry by developing strategies and solutions, facilitating information exchange, and providing industry-related career information. The document discusses workforce demographics by education level and occupation for different industry sectors. It also outlines current and emerging labor shortages, projections for industry employment growth to 2020, and realities of working in oil and gas such as cyclical work, travel requirements, and physically demanding jobs. Resources provided by the Council help job seekers learn about career opportunities in the Canadian oil and gas industry.
The Petroleum Labour Market Information (PetroLMI) Division of Enform shares highlights from its latest labour market reports. We examine the implications of the current downturn on the oil and gas labour market in Canada as well as the opportunities the development of a potential liquefied natural gas (LNG) sector could provide.
Additionally, PetroLMI recently released 15 LNG occupational profiles, which will feed into the Careers in Oil + Gas skills transferability tool. An overview of the profiles is provided as well as a quick run-through of the tool in its early stages of development.
PetroLMI Labour Productivity Webinar Fall 2017PetroLMI
Highlights on historical and future trends for labour productivity in Canada’s oil and gas industry based on a recently completed study. This webinar is targeted to oil and gas companies, associations, workforce and labour market analysts, training agencies, government and education.
The webinar will review:
• Historical and future trends for labour productivity in oil and gas
• Current industry benchmarks for production per employee
• Key factors impacting labour productivity in the oil and gas industry
• Considerations for strategic planning
• Recommendations for improving labour productivity
The document provides an overview and summary of the labour market outlook for Canada's oil and gas industry from 2016 to 2020. It notes that employment declined significantly in 2015 and further declines of 16,500 to 24,500 jobs are expected in 2016 as companies reduce spending. The outlook predicts the industry will start recovering in 2017, adding 28,000 to 36,200 new jobs by 2020, though attracting former and new workers may be challenging. Key occupations in demand include drilling workers, managers, and construction trades. The presentation also discusses potential LNG projects in Canada and their workforce requirements.
The document provides an overview of the engineering and capital goods sector in India. Some key points:
- The capital goods and engineering turnover reached US$ 125.4 billion by FY17 from US$ 46.18 billion in FY15, driven by increasing industrialization.
- Electrical equipment market size is forecasted to reach US$ 100 billion by FY22 from US$ 21 billion in FY17. Engineering research and design revenues are projected to increase fourfold to US$ 45 billion by 2020.
- The construction equipment market is expected to reach US$ 7 billion by 2020 from US$ 4.2 billion in FY17. Telecom equipment market is projected to increase at 50%
The document discusses the engineering and capital goods sector in India. It notes that the capital goods and engineering turnover in India is expected to reach US$125.4 billion by FY17 from US$46.18 billion in FY15, representing a CAGR of 24.9%. The electrical equipment market size is also forecasted to reach US$100 billion by FY22 from US$21 billion in FY17, growing at a CAGR of 19.6%. Engineering exports from India have grown at a CAGR of 7.
The document provides an overview of the engineering and capital goods sector in India. Some key points:
- The turnover of the capital goods industry in India is estimated to reach US$ 115.17 billion by 2025, up from US$ 70 billion in 2017.
- Electrical equipment production in India is forecasted to reach US$ 100 billion by 2022, growing from US$ 27.3 billion in 2017-18.
- Engineering research and design revenues in India are projected to increase fourfold to US$ 42 billion by 2022 from US$ 28 billion in 2018.
Engineering and capital goods exports from India have grown significantly over the past decade, reaching US$65.23 billion in FY17. The sector is dominated by heavy engineering segments such as electrical machinery, construction equipment, capital goods, and automotive. Light engineering also has a large presence with segments like medical equipment, casting, forging and fasteners. Going forward, the sector is expected to continue its robust growth driven by rising industrialization, infrastructure development, and capacity expansion across core industries. The engineering sector provides significant opportunities for both domestic and international players in India.
Tata Steel is one of the largest steel producers in the world with a presence in over 50 countries. It has a crude steel production capacity of 30 million tonnes annually. The company has expanded significantly through acquisitions in recent years including Corus Group, which expanded its operations in Europe. It is focusing on increasing production capacity in India and securing raw materials globally through investments and joint ventures. The global economic slowdown has impacted steel demand and Tata Steel's financial performance. It is taking steps like cost reductions and production rationalization to address challenges in the current market environment.
The Indian auto sector shows major improvements in manufacturing capabilities and has great potential for growth in a developing market. However, challenges remain around transportation infrastructure, product quality, skilled labor, regulations, and increasing scale. The Auto Mission Plan aims to double the sector's GDP contribution and jobs by 2016 through $40B in investment and $35-40B in exports. Achieving these targets will require developing suppliers, lowering costs through scale, stimulating domestic demand, and exploiting export opportunities.
Engineering and capital goods exports from India have grown significantly over the past decade, reaching US$65.23 billion in FY17. The top categories of engineering exports from India are transport equipment including automotive and auto components, accounting for 32.46% of total exports. Industrial machinery including electrical machinery is the second largest category at 23.85% followed by iron and steel products. The engineering sector in India is expected to continue growing driven by increasing industrialization, infrastructure development, and the expansion of core sectors such as power, mining and construction.
The engineering sector in India has grown significantly in recent years due to increased investments in infrastructure and industrial production. It is an important sector for India's economy. Key growth drivers include capacity expansion in sectors like infrastructure, oil & gas, power and automobiles. The government has undertaken several initiatives to promote the engineering sector through organizations like EEPC India and policies supporting foreign investment, technical education and infrastructure projects. Exports of engineering goods have also risen, with transport equipment, iron & steel products and industrial machinery being leading categories. The sector is expected to continue growing as government spending on engineering and associated industries increases.
Comparative study of the financial analysis of Tata steel and Jindal Steelarchit aggarwal
This document provides an overview of the steel industry in India. It discusses that India is the 4th largest producer of crude steel globally. It then outlines the major players in the public and private sector of the Indian steel industry such as SAIL, Tata Steel, and JSW Steel. The document also summarizes recent major investments and developments in the industry as well as various initiatives taken by the Indian government to support the steel sector. It concludes by stating that the steel industry in India is anticipated to see investments of Rs. 2 trillion in the coming years based on increasing domestic demand.
For the complete report, get in touch with us at : info@netscribes.com
Abstract:
Netscribes’ latest market research report titled Wind Turbine Market in India 2014 mentions that renewable energy is gaining prominence within the country. Wind energy accounts for majority of the renewable energy generated in the country. With the country facing continuous shortfall in the supply of energy to meet the expanding demands through conventional sources, the focus is shifting from conventional sources of energy to renewable energy. As more and more wind projects are planned for this reason, the market for wind turbines is also expected to grow. Various other reasons such as the high prices and lack of easy availability of raw materials for generating electricity through thermal plants is also driving growth in the market. However, the government’s decision to withdraw various schemes which provided several incentives to wind energy producers is having a negative impact on the market’s growth. Off-shore wind energy generation, hybrid generators such as solar photovoltaic and wind and wind and diesel, as well as advent of small wind turbines are some of the trends that can be seen in the industry at present.
Several government and industry bodies are working towards the development of the market and various policy and regulatory incentives are being provided to wind energy producers. However, the market is import dependent. Majority of the players operating in the market are foreign companies and there is stiff competition among these players. The advancements in technology and the resultant reduction in costs will ensure that the market will grow steadily in the next few years.
Coverage
• Overview of the wind turbine market in India and historical and forecasted market size data over 2007 to 2018
• Segmentation of the wind turbine market and cost components of various types of generators
• Export-import overview of wind turbines, value of export-import over 2009-10 to 2012-13 and country-wise value of export-import for 2011-12 and 2012-13
• Qualitative analysis of market drivers, challenges, trends and regulatory measures taken by the government
• Overview of the various industry bodies and their responsibilities
• Analysis of the competitive landscape and detailed profiles of major players
This document is a project report submitted by Shivam Saxena for their post graduate diploma in management. The report focuses on conducting a fundamental analysis of Tata Motors. It includes an acknowledgement, declaration, contents, executive summary and introduction sections. The objectives of the study are to analyze Tata Motors' ratio analysis, industry trends, and growth factors. The research methodology involves collecting secondary financial and annual report data from Tata Motors over an 8 week period in 2015.
The automotive industry is a major global economic sector involving the design, development, manufacture, marketing and sale of motor vehicles. The Indian automotive industry has grown rapidly since market liberalization in 1991 and is now one of the largest in the world. In Kerala, automobile sales have seen strong growth in recent decades driven by rising incomes. Popular car brands in Kerala include Maruti, Hyundai, Ford and Volkswagen, with Maruti maintaining a strong market leading position. The AM Group operates multiple automotive dealerships in northern Kerala representing brands like Maruti, Honda and IOC lubricants.
White Paper on Australian Opportunities for a Consulting GroupParthosb
- is an engineering consulting firm that has operated for 60+ years and now seeks to enter the Australian market.
- Key opportunities in Australia include growth in infrastructure, declining mining profits increasing demand for productivity solutions, and government initiatives in electricity markets.
- will position itself as an experienced engineering and technology consulting firm that provides customized IT solutions and a focus on operational productivity and cost optimization.
- An action plan is outlined to set up local operations, develop marketing materials, and appoint a team to manage business development and projects in Australia.
ty
.in
The industrial policy outlines the objectives, strategy, and action plan to promote industrial development in Chhattisgarh from 2009-2014. The key objectives are to generate employment, encourage private sector participation in infrastructure, promote exports, and attract foreign investment. The action plan focuses on improving basic infrastructure like roads, power, and water supply. It also aims to develop industrial areas and clusters, simplify administrative processes, rehabilitate sick units, promote entrepreneurship, and provide subsidies and exemptions to priority sectors and backward areas. The overall goal is to accelerate industrialization and achieve balanced regional development in the state.
This document discusses the Indian construction industry and provides a forecast for 2013. It notes that the construction sector contributes 8% to India's GDP and is the second largest employer. In 2013, the residential real estate sector is forecasted to see growth in the second half of the year as home prices are expected to come down due to oversupply. Commercial and retail real estate are also expected to see moderate growth. Key factors like infrastructure development and availability of financing will influence growth in the construction industry.
The document summarizes key findings from a presentation about labour market projections and workforce strategies for Canada's petroleum industry through 2020. It finds that labor shortages will persist regardless of economic conditions due to an aging workforce and insufficient labor supply. While new entrants can help meet hiring needs, this risks lower productivity. The industry will need to draw from diverse labor pools and boost retention, training, and productivity through technology to address labor demand.
University of Calgary Careers in Oil & Gas presentationPetroLMI
The Petroleum HR Council addresses workforce issues in Canada's oil and gas industry by developing strategies and solutions, facilitating information exchange, and providing industry-related career information. The document discusses workforce demographics by education level and occupation for different industry sectors. It also outlines current and emerging labor shortages, projections for industry employment growth to 2020, and realities of working in oil and gas such as cyclical work, travel requirements, and physically demanding jobs. Resources provided by the Council help job seekers learn about career opportunities in the Canadian oil and gas industry.
The Petroleum Labour Market Information (PetroLMI) Division of Enform shares highlights from its latest labour market reports. We examine the implications of the current downturn on the oil and gas labour market in Canada as well as the opportunities the development of a potential liquefied natural gas (LNG) sector could provide.
Additionally, PetroLMI recently released 15 LNG occupational profiles, which will feed into the Careers in Oil + Gas skills transferability tool. An overview of the profiles is provided as well as a quick run-through of the tool in its early stages of development.
PetroLMI Labour Productivity Webinar Fall 2017PetroLMI
Highlights on historical and future trends for labour productivity in Canada’s oil and gas industry based on a recently completed study. This webinar is targeted to oil and gas companies, associations, workforce and labour market analysts, training agencies, government and education.
The webinar will review:
• Historical and future trends for labour productivity in oil and gas
• Current industry benchmarks for production per employee
• Key factors impacting labour productivity in the oil and gas industry
• Considerations for strategic planning
• Recommendations for improving labour productivity
The document provides an overview and summary of the labour market outlook for Canada's oil and gas industry from 2016 to 2020. It notes that employment declined significantly in 2015 and further declines of 16,500 to 24,500 jobs are expected in 2016 as companies reduce spending. The outlook predicts the industry will start recovering in 2017, adding 28,000 to 36,200 new jobs by 2020, though attracting former and new workers may be challenging. Key occupations in demand include drilling workers, managers, and construction trades. The presentation also discusses potential LNG projects in Canada and their workforce requirements.
The New Reality: Employment Opportunities in Canada's Oil and Gas IndustryPetroLMI
Highlights current and upcoming workforce requirements for Canada’s oil and gas industry based on recently completed studies.
The presentation also provide an overview of the online career planning tool and discusses existing and upcoming features of the tool.
The document outlines a presentation given by Rowena Sampang from the Petroleum Human Resources Council of Canada at the Cannexus 2014 conference. The presentation provides an overview of careers in Canada's oil and gas industry, including descriptions of the upstream, midstream and downstream sectors; in-depth looks at specific occupations like drilling and operations; and labor market analysis on current and projected employment opportunities and shortages. Resources from the Petroleum HR Council and partner organization Enform are also highlighted to support individuals exploring careers in the oil and gas industry.
Feb 3, 2016 calgary economic development presentationPetroLMI
The document summarizes a presentation about Calgary's labour market in light of low oil prices. It discusses:
- PetroLMI's role in providing labour market information and insights for Canada's petroleum industry.
- Survey results showing over half of oil and gas companies decreasing their workforce in response to economic conditions, and expectations of further layoffs.
- Top occupations at risk including engineers, finance workers, and heavy equipment operators.
- The outlook for different sectors, with oil sands shifting to maintenance and operational efficiency while LNG remains a potential growth area.
- The transition of oil sands to a maintenance phase focused on reliability and cost reductions rather than expansion.
Nail Polish Manufacturing Plant Project Report PPT 2021ChinkiTyagi
Increasing awareness about beauty trends, along with rising brand consciousness, represents one of the significant factors impelling the growth of the nail polish market. Besides this, the easy availability of nail polishes with unique finishing, such as glitter, magnetic, sequins and metallic, and a wide array of colors are positively boosting the overall sales. Other factors, such as the introduction of low-cost nail polishes, are strengthening the growth of the market. Additionally, the escalating demand for organic and natural nail polishes acts as another growth-inducing factor.
Read more: https://www.syndicatedanalytics.com/nail-polish-manufacturing-plant-project-report
Changing Careers in a Technology-Driven Energy IndustryPetroLMI
As Canada’s oil and gas industry adopts new digital technologies such as automation, data analytics and blockchain to improve its safety, productivity and profitability, these changing priorities are creating demand for different skills and knowledge and new jobs. PetroLMI will discuss what these industry changes mean for occupations and worker competencies over the next three-five years – and where we expect to see opportunities and challenges.
Tackling the LNG Skills Shortage: How Canadian LNG Developers can Secure th...PetroLMI
Tackling the LNG Skills Shortage: How Canadian LNG Developers can Secure the Skilled Labour Needed
Presented at the Canadian LNG Exports Forum - June 19, 2014
Workforce Shifts in a Technology-Driven Energy IndustryPetroLMI
As Canada’s oil and gas industry adopts new digital technologies such as automation, data analytics and blockchain to improve its safety, productivity and profitability, these changing priorities are creating demand for different skills and knowledge and new occupational requirements. PetroLMI will discuss the implications of these changing priorities over the next three-five years – and where we expect to see opportunities and potential labour supply challenges.
Hydrogen Production Plant Cost Analysis 2021-2026 | Syndicated AnalyticsChinkiTyagi
The elevating product usage in the petrochemical industry for hydrodealkylation and hydrodesulfurization represents one of the primary factors driving the hydrogen market. Additionally, it is also used in the hydrogenation of various substrates, to convert unsaturated oils and fats to saturated oils and fats, and in the production of hydrochloric acid.
Read more: https://www.syndicatedanalytics.com/hydrogen-production-cost-analysis-report
The document provides an overview of careers in Canada's oil and gas industry. It discusses the Petroleum HR Council of Canada, which addresses workforce issues for the industry. The industry employs over 500,000 people and includes exploration and production, oil sands, processing, services, pipelines, and offshore sectors. The document outlines the types of jobs available, common education levels and certifications. It provides resources for job seekers, including profiles of different occupations and a guide to careers in oil and gas.
The document summarizes a report by Polaris Market Research on the carbon capture and storage market. According to the report, the global carbon capture and storage market is estimated to reach $10.45 billion by 2026, growing at a CAGR of 11.5% over the forecast period from 2020 to 2026. Rising demand from end-use industries and increasing investments in carbon capture technologies are expected to drive market growth. Key players are focusing on expanding into new markets to capitalize on growth opportunities. The report provides an analysis of the carbon capture and storage market by capture type, application, region, and competitive landscape.
Find out how people-related issues are having a major impact on project schedules and cost overruns in a ground-breaking report, brought to you by Air Energi and Queensland University of Technology.
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The Decade Ahead 2010 2020 Labour Market Projections and Analysis
1. The Decade Ahead: Labour Market Projections and Analysis for Canada’s Oil and Gas Industry to 2020 March 2011 Petroleum Human Resources Council of Canada Funded in part by the Government of Canada’s Sector Council Program, Province of Alberta, Canada-British Columbia Labour Market Development Agreement, and Province of Saskatchewan.
2.
3. Labour Market Projections and Analysis 2010-2020 Industry outlook Occupational outlooks Sector outlooks: Services Exploration and production Oil sands Pipeline Provincial outlooks: British Columbia Alberta Saskatchewan Rest of Canada Workforce considerations 2
4.
5.
6. Service industries – geophysical services, drilling and completions, and well services;
18. LMI Types The Council generates three types of LMI: Short Term HR Trends: provides a snapshot of labour market conditions and trends within petroleum workforce. Includes information such as workforce issues and trends, companies’ current and planned recruitment practices, in-demand jobs and locations companies are hiring for. Situational Analysis: outlines business, regulatory, social and technological trends and their impact on the petroleum workforce. Labour Market Projections and Analysis: provides labour demand and supply outlooks including projected gaps utilizing industry-generated employment drivers and key assumptions. Projections and analysis, which are available by industry total, sector, key provinces and core occupations, help inform effective workforce strategies for the Canadian petroleum industry. 6
19. The Decade Ahead: Labour Market Projections and Analysis for Canada’s Oil and Gas Industry to 2020- An Overview
32. Labour supply/demand gaps: comparison of industry’s labour demand based on its hiring needs and its share of potential labour supply by core occupation.
41. Geophysical services (also known as seismic) includes survey, permitting and reclamation, line construction, drilling and data acquisition.
42. Pipeline: mainline transmission for transporting daily crude oil and natural gas production in Canada.*Current employment numbers available for Offshore sector; however, Offshore employment projections are incorporated in E&P and Services sector. 11
43. The Decade Ahead: Labour Market Projections and Analysis for Canada’s Oil and Gas Industry to 2020 - Petroleum Industry Activity Scenarios
48. Industry Outlook: Hiring Due to Age-Related Attrition 17 An aging workforce will contribute to industry’s hiring requirements in a significant way.
49. Industry Outlook: Hiring Due to Age-Related Attrition (cont’d) 18 An aging workforce will contribute to industry’s hiring requirements in a significant way.
50. Industry Hiring Outlook – Low Scenario Age-related attrition drives industry’s hiring in low scenario. To replace retirees between 2010 and 2020, industry needs to hire approximately 39,000 workers. 19
51. Industry Hiring Outlook – Growth Oil/Low Gas Scenario While there will be some job losses between 2010 and 2020, new oil sands projects and the need to replace retiring workers drive the hiring of 53,500 workers. 20
52. Industry Hiring Outlook – Growth Scenario Industry expansion and workforce retirements between 2010 and 2020 drive the need to hire over 130,000 workers. 21
53. Industry Net Hiring Outlook 22 Regardless of the pace of economic recovery, the petroleum industry will be challenged to meet its hiring requirements.
55. Labour Supply/Demand Outlook – Low Scenario 24 Job losses diminish the industry’s ability to attract labour supply from in-mobility sources, resulting in labour supply/demand gaps.
56. Labour Supply/Demand Outlook – Growth Oil/Low Gas Scenario 25 Industry’s main source of potential labour supply is new entrants, creating a productivity risk given that hiring needs to focus on replacing retirees. 13,501 46,479 33,027 7,050
57. Labour Supply/Demand Outlook – Growth Scenario 26 Increased activity enhances the industry’s ability to attract labour supply from in-mobility sources – mostly immigrants. 54,263 54,263 84,978 84,978 76,044 76,044 39,600 39,600
58. Labour Supply/Demand Outlook – Labour Shortages 27 Industry labour shortages return by 2012 in the growth scenario and by 2014 in the other two scenarios. Actual Projected
59. 28 Labour Supply/Demand Outlook – Key Findings Regardless of scenario, labour shortages are not going away.
75. Industry Outlook – Services Sector Workforce Consideration 31 A healthy Services sector workforce is critical to the petroleum industry as a whole. Oil sands is increasing its reliance on the Services sector.
76.
77. Even though the industry’s workforce is projected to lose jobs in the low scenario.
81. Game changers such as unconventional natural gas, enhanced oil recovery and in-situ oil sands extraction have increased demand for certain occupations and created a need for new skills and knowledge.
82. The industry will need to diversify the labour supply pools it hires from.
83. Shortages of occupations unique to the industry will be a particular challenge because of limited labour supply opportunities.
84. A healthy Services sector workforce is critical to the petroleum industry as a whole.32
85. The Decade Ahead: Labour Market Projections and Analysis for Canada’s Oil and Gas Industry to 2020 - Sector Outlooks
86.
87. The trend towards supporting the Oil sands sector lessens the impact should low natural gas prices persist.
88. Despite job losses in the low scenario, the industry will need to hire workers across all scenarios.
91. By 2014 at the latest, the unemployment rate for field workers falls below 2007 levels.
92. High turnover adds to the difficulty the sector will have maintaining its workforce because a single position may need to be filled over and over. 34
100. The key labour supply/demand risks for the E&P sector are:
101. Limited labour supply sources for petroleum industry-specific positions vacated due to age-related attrition; and
102. The ongoing need for a knowledgeable and innovative workforce as the sector plans and executes technically challenging unconventional oil and gas plays.38
120. Pipeline Sector Hiring Requirements 48 Additions to the pipeline workforce is dependent on building new pipelines; however, hiring due to age-related attrition is significant for this sector.
122. The Decade Ahead: Labour Market Projections and Analysis for Canada’s Oil and Gas Industry to 2020 - Provincial Outlooks
123.
124. Even in the low scenario, the oil and gas industry employment levels stay relatively flat and age-related attrition results in the need to hire approximately 3,000 workers.
125. The Services sector is the province’s largest sector and will experience the most severe labour shortages.
126. In the growth scenario, this sector will add approximately 6,500 BC-based jobs or 74% of its 2009 employment.
127. New technology is driving the need for fraccing and completions operators.
128. The sector has to contend with high turnover rates among its field workers.
129. New gas plants will require steam-ticket operators and maintenance trades.
130. Industry activity has put significant pressure on community resources and the local labour market.
131. Increased industry activity is likely to further strain local housing, infrastructure and services. This could be a deterrent to attracting and retaining workers.51
136. Over 75% of industry’s hiring requirements are Alberta-based.
137. Workforce attraction and development initiatives will need to target all potential labour supply including women, immigrants, Aboriginal Peoples, youth and mid-career transitioners.
138. Alberta is home to many industry-specific occupations including drilling coordinators/production managers, geologists and geophysicists, and all types of engineers.
139. Labour supply sources for these industry-specific occupations are limited and any reduction human resources programs targeting these occupations will jeopardize industry’s ability to fill these roles.
140. Addressing Services sector workforce issues are key for the province given growing support to Oil sands sector.55
145. Services sector is the province’s largest sector and will experience the most severe labour shortages.
146. In the growth scenario, this sector will need to fill approximately 6,000 SK-based jobs – 91% of industry’s projected hiring requirements.
147. New technology is driving the need for fracing and completions operators.
148. The sector has to contend with high turnover rates among its field workers.
149. Saskatchewan has a long history of providing labour supply to the oil and gas industry.
150. Increased activity and age-related attrition is an opportunity to retain secondary and post-secondary grads in the province.
151. Industry activity has put significant pressure on community resources and the local labour market.
152. Increased industry activity is likely to further strain local housing, infrastructure and services. This could be a deterrent to attracting and retaining workers.59
163. Oil and gas employment in Manitoba, Ontario, Quebec, New Brunswick, Prince Edward Island, Yukon, Northwest Territories and onshore Nova Scotia and Newfoundland and Labrador was approximately 5,600 jobs in 2009.
164. Recent advancements in technology make unlocking additional oil and gas reserves across Canada very possible.63
167. The petroleum industry is already experiencing chronic labour shortages for some occupations.
168. Game changers such as unconventional natural gas, enhanced oil recovery and in-situ oil sands extraction have increased demand for certain occupations and created a need for new skills and knowledge.
176. Increased collaboration on workforce solutions within the industry and with other stakeholders. The new reality is that labour supply is not unlike oil supply – the readily available sources are gone. 65
Editor's Notes
We know that governments and post-secondary institutions prefer to understand what is happening within their own province.
Short-term HR Trends – gathered through online surveying of petroleum companies / conducted every 6 months / Q3/Q4 2010 Survey Report available on Council’s websiteSituational Analysis – primary and secondary research / completed in November 2010 / findings have been combined with survey report, which is also available on the Council’s websiteLabour Market Projections and Analysis – developed through a modelling system / 2010-2020 projections were generated in October 2010, and validated with industry in December 2010 and will be released end-March 2011
The employment drivers used to project occupational demand/employment are unique for each sector:Exploration and Production: Occupation’s relationship to capital and operating expenditures.Oil sands: Occupation’s relationship to oil sands production.Services: Occupation’s growth relationship to capital and operations expenditures as well as oil sands capital expenditures.Pipeline: Relationship between pipeline sector employment and oil and gas production. New pipelines need to be considered on a case-by-case basis.Recognize that many companies have made significant progress in project employment needs/workforce planning.Sources of labour force change: Age-related attrition (primarily retirements and natural deaths)
Model projects labour supply by occupation for the upstream petroleum industry. Supply projections NOT available by sector and by province. Not enough distinction between industry sectors. In order to understand labour supply, need to have an understanding of what’s happening in the economy as a whole. *Model uses industry’s historical share of labour supply as a starting point.Labour force (supply) by occupation for the whole upstream petroleum industry: Total supply projection of the occupations in both closely and distantly related industries.“Like-industries”: construction, chemical, mining, wood manufacturing and paper manufacturing; and 2. All other industries in the economy.Sources of labour force change: Age-related attrition (primarily retirements and deaths); New entrants into the labour force (age groups 15-24 and 25-34); and In-mobility (inter-occupation, inter-industry, migration and immigration).Labour supply projections also take into account: Industry’s demand for an occupation; and What is happening within the broader labour force and economy.Labour supply projections provide an indication of the potentiallabour supply industry may attract. Industry needs to work to maintain its share of the labour force.Does not mean supply will be enough, nor that there will be appropriately skilled labour supply to meet employment requirements.The projected supply share for each occupation is compared to its demand to determine its supply/demand balance = Indicated by an occupation’s unemployment rate.Normal unemployment rates for industry occupations are estimated using historical information. Normal unemployment rates account for: Frictional unemployment: people changing jobs AND Structural unemployment: workers’ skills, geographic location, etc. does not align with employment requirements. Unemployment rates for industry occupations vary:- Industry-unique occupations tend to have lower unemployment rates. 3-4%- Occupations that appear across a number of industries have a higher unemployment rate. 4-5%- Seasonal occupations have the highest unemployment rates. 7%Use occupational employment projection (demand) and labour force (supply) projection to determine unemployment rate for each occupation. Gap between unemployment rate and “natural” unemployment rate indicates labour supply/demand imbalance. Lower than normal: labour shortage. / High than normal: labour surplus.
Initial occupations were conventional exploration & production and oil sands focused.Expansion occupations were identified with the assistance of the PSAC HR Committee, CAODC and analysis of 2006 Census data to ensure major occupation groups were included.These are the NOC’s and are used by companies doing LMO’s and/or looking to secure TFW etc.For purposes of analysis – some NOC’s are combined.
Oil sands: Wood Buffalo was our starting point and so onsite direct employees of oil sands companies are included here – not any Calgary-based employees.Pipeline: Majority of these workers are employed by pipeline companies; however, some E&P and Oil sands companies also own and operate their own transmission lines.***Offshore: development drilling, production and servicing of offshore oil and gas projects (only available for current and short-term LMI as well as situational analysis; employment projections for offshore are embedded within E&P and Services).
For 2010-2020 projections,three potential industry activity scenarios, using a combination of oil and gas price scenarios, have been developed.
Low ScenarioLow oil and gas prices do not encourage investment or industry growth.Current gas price persists.Oil price stabilizes at or below US$70/bbl.E&P reinvestment ratio falls below 10-year average to 55-60%.Does not encourage additional investment beyond what is currently under-construction.Oil sands production increases to 2016 and then flattens.Oil sands mining production remains greater than in-situ production.Growth Oil/Low GasShift in capital investment towards oiland away from gas continues.Current gas price persists and does not encourage additional investment in gas projects.Oil price reaches US$90-$115/bbl.Increased in enhanced oil recovery.Oil price is reasonable for sustainable growth within Oil sands sector.Oil sands production doubles between 2010 and 2020.In-situ production outgrows mining production after 2016Important Note: The Council’s current projection model cannot separate our E&P (non-oil sands) and Services employment projections for gas versus oil as base/actual employment numbers are also not available from credible data sources. These are some of the model enhancements the Council will be pursuing. However in validation sessions with E&P and Service companies, they have acknowledged that the resulting numbers in the growth oil/low gas scenario are reasonable as the Canadian oil and gas industry is still predominantly gas and increases in oil-related activities and workforce cannot offset job losses in the gas side.Growth ScenarioIndustry expansion is encouraged by increased oil and gas prices and greater demand for natural gas.Oil price reaches US$90-$115/bbl - optimal for aggressive but sustainable growth within oil sands sector.Natural gas price increases to Cdn$6/mcf or higher by 2012 and aligned with international price by 2015.Rebalancing of supply/demand key to increasing natural gas prices.E&P reinvestment ratio rises above 10-year average to 60-70%.Oil sands production doubles by 2020.
LOW SCENARIO: Low oil and gas prices do not encourage investment or industry growth.GROWTH OIL/LOW GAS SCENARIO: Shift in capital investment toward oil and away from gas continues.GROWTH SCENARIO: Industry expansion is encouraged by increased oil and gas prices and greater demand for natural gas.
Low ScenarioOil sands sector gains the most jobs. Pipeline sector may gain jobs if projects currently under regulatory review are approved and move forward.Employment growth flattens after projects under-construction come on stream.E&P and Services sectors lose jobs but remain the largest employers in upstream industry.Services sector employment losses flatten as support required by oil sands expansion.Growth Oil/Low Gas ScenarioDespite shifts to more oil activity, E&P sector experiences job losses.New wells and enhanced recovery from existing wells.Job losses within Services sector mitigated by shift to oil activity and growing support to oil sands sector.Employment levels in 2020 similar to 2006.Oil sands sector doubles its workforce by 2020.Growth ScenarioE&P sector adds jobs after 2011 and surpasses 2008 employment levels in 2013.Significant job increases in Services sector as both E&P and Oil sands sectors become more reliant on contracted services.2007 employment levels surpassed in 2013.Oil sands sector doubles its workforce by 2020.
Hiring requirements = hiring due to industry activity + hiring due to age-related attrition.12 core occupations with the highest attrition rate in the growth scenario.Many of the occupations projected to have the highest retirement rates are petroleum industry-specific. Not only are these occupations difficult to hire for due to limited labour supply sources, but it is an indication of the knowledge and experience the industry will lose over the next decade.
Hiring requirements = hiring due to industry activity + hiring due to age-related attrition.12 core occupations with the highest attrition rate in the growth scenario.
40,000 is the net hiring required.45,783 age-related attrition (retirements and deaths)1,989 expansion demand from oil sands projects currently under-constructionOffset by 8703 job losses due to decreased industry activity.Low Oil and Gas ScenarioIncreases in industry’s workforce is driven by oil sands projects currently under-construction.Job losses in E&P sector.Demographics will also drive the need to hire workers.
53,500 is the net hiring required.46,479 age-related attrition (retirements and deaths)12,691 expansion demand from growth of oil sands sector5641 job losses due to decreased conventional industry activity.
130,000 is the net hiring required.54,263 age-related attrition (retirements and deaths)78,681 expansion demand from growth across all sectors of the industry2637 job losses in 2010 – until gas prices recover.
Hiring requirements = hiring due to industry activity + hiring due to age-related attrition.
The Decade Ahead identifies hiring requirements for all scenarios.These are the minimalnumber of NEW workers that will need to be recruited by the industry into these occupations. Does not take into account turnover … if a position experiences high turnover the number of new workers required increases.Number of these occupations are unique to the petroleum industry. This adds to the hiring challenge as there are limited labour supply pools to draw from.
Low Oil and Gas PricesHiring is driven by need to replace retiring workers.Ability to attract labour supply – especially mid-career transitioners and immigrants is diminished. Labour Demand or Hiring RequirementsExpansion Demand = - 6,714Replacement Demand = 45,783Potential Labour SupplyNew Entrants = 32,389In-Mobility (mid-career transitioners and immigrants) = -92Labour Demand – Potential Labour Supply = 6772 (shortage)
Growth Oil and Low Gas PricesContinued expansion of oil sands does not completely offset job losses driven by low natural gas prices.Opportunity to transition workers between petroleum industry sectors to address some labour supply/demand gaps.Labour Demand or Hiring RequirementsExpansion Demand = 7050Replacement Demand = 46,479Potential Labour SupplyNew Entrants = 33,027In-Mobility (mid-career transitioners and immigrants) = 13,501Labour Demand – Potential Labour Supply = 7001 (shortage)
Labour Demand or Hiring RequirementsExpansion Demand = 76,044Replacement Demand = 54,263Potential Labour SupplyNew Entrants = 39,600In-Mobility (mid-career transitioners and immigrants) = 84, 978Labour Demand – Potential Labour Supply = 5729 (shortage)68% of labour supply from in-mobility sources. Many industries are no longer shedding workers at the rate they were and so the majority of the labour supply source is foreign-trained workers/immigrants. 2006 Census indicates only 10.3% of the industry’s workforce are immigrants.
This is for industry as a whole –projected unemployment rates by occupation and occupational groups are provided in the upcoming report, to be released in latter part of March 2011.Normal unemployment rates for industry occupations are estimated using historical information. Normal unemployment rates account for: Frictional unemployment: people changing jobs AND Structural unemployment: workers’ skills, geographic location, etc. does not align with employment requirements. Unemployment rates for occupations vary:Industry-unique occupations tend to have lower unemployment rates. 3-4%Occupations that appear across a number of industries have a higher unemployment rate. 4-5%Seasonal occupations have the highest unemployment rates. 7%Gap between unemployment rate and “natural” unemployment rate indicates labour supply/demand imbalance. Lower than normal: labour shortage. High than normal: labour surplus.
Game changers such as unconventional natural gas, enhanced oil recovery and in-situ oil sands extraction have increased demand for certain occupations and created a need for new skills and knowledge.
Not only are a number of the chronically in-demand occupations within the Services sector, this sector also reports high turnover rates of some of it’s occupations.
In the low scenario, where additional capital investment is discouraged, there is decreased need for Services sector support to E&P activity. While support is required by oil sands projects currently under construction and moving into production in 2013/2014, this will not completely offset the job losses in the sector. In this scenario, the Services sector is projected to lose approximately 3.5% of its current workforce or 3,000 jobs.In the growth oil/low gas scenario, the sector’s workforce growth is linked to increased in-situ extraction activity and contracted maintenance and operations to the Oil sands sector. In this scenario, the Services sector is projected to expand by approximately 6% or 5,000 jobs.In the growth scenario, where both oil and gas prices increase and encourage capital investment in E&P and oil sands, the Services sector will experience significant employment growth, surpassing 2007 peak employment levels by 2013. In this scenario, the sector is projected to increase its employment by about 57% or 47,000 jobs, putting significant strain on its ability to meet labour requirements.
Hiring due to industry activity + due to age-related attrition.The Decade Ahead lists hiring requirements for all core occupations.
As Canada’s E&P activity is still predominantly natural gas, higher gas prices and continued cost management are key to increasing the sector’s activity and employment. In the growth oil/low and low scenarios, the E&P sector is projected to lose jobs at a steady rate throughout the projection period. In the low scenario, projected E&P job losses are 9,600 or 14% of the current workforce.In the growth oil/low scenario, job losses are projected to be about 10,000 or 15% of the E&P sector workforce.This scenario sees more job losses than the low scenario because high oil prices lead to higher inflation that in turn deters gas-related investment in a low gas price environment. If natural gas prices increase as assumed in the growth scenario, the E&P sector will need to add approximately 15,000 jobs or 21% of its workforce.
The growth oil/low gas scenario sees more job losses than the low scenario because high oil prices lead to higher inflation that in turn deters gas-related investment in a low gas price environment.
Regardless of scenario
This is just oil sands employment onsite in Wood Buffalo region.Regardless of the scenario, the Oil sands sector is expected to add positions to its existing workforce. The types of occupations projected to increase employment numbers differ between the low and the growth scenarios. The key driver behind this difference is the increase in production from in-situ extraction in the growth scenario.In the low scenario, oil sands employment growth is limited to staffing new positions associated with projects that are currently under construction. This is an addition of approximately 5,500 workers or 44% of its 2009 workforce. In this scenario, production from mining extraction operations continues to be greater than in-situ production and the makeup of the oil sands workforce will stay the same.In the growth scenario, oil prices encourage additional capital investment in the Oil sands sector, but the impact on employment is not expected until 2014. Between 2010 and 2014, projected employment growth is the same in the low and growth scenarios . In the growth scenario, the Oil sands sector is expected to add approximately 11,000 new positions or 87% of the 2009 workforce. This sentence does not align with the point highlighted in the previous sentence.
Regardless of scenario
Looking to improve the methodology for determining Pipeline sector LMI.Growth in the pipeline workforce is dependent on the addition of new pipelines. This could include the development of gathering lines and pipelines to support increased production in the unconventional shale gas plays in Northeast BC or the addition of large oil pipelines to open up new markets for Canadian production. The employment growth projected for the Pipeline sector is unlikely if new pipeline projects are not constructed.8,9009,305405 (5%)11,2012,301 (26%)12,1603,260 (37%)
Regardless of scenarioDrilling coordinators/production managers 84%Industrial engineering technologists 81%Inspectors in public and environmental health and safety 81%Landmen/purchasing agents 79%Supervisors, petroleum and gas processing 75%Petroleum/geological/mining engineering technologists 75%Project/cost control engineers 73%Industrial electricians 73%Drafting technologists and technicians 71%Crane operators 71%Operators (steam and non-steam) 617Petroleum/reservoir engineers 189Millwrights and machinists 158Millwrights 143Industrial electricians 123Production clerks/production accountants 116Mechanical engineers 101Instrumentation technicians 97Oil and gas drilling and services field workers 87Landmen/purchasing agents 67
Two sets of employment projections are available for provinces:1. Generated by capital and operating expenditures in the provinceProvincial E&P capital and operating expenditure forecast based on 5-year average, projected forward to 2020.Expansion demand generated by spending in the province.2. Located in the province (place of work).Consultations with E&P and service companies helped determine percentage of employees working in field versus head office for each core occupation.
BC-based employment in the oil and gas industry saw steady growth between 2006 and 2008 as E&P companies started investing in unconventional shale gas reserves. There was a slight dip in employment during the recent economic downturn – but it is not projected to continue to trend downward . In the low scenario, where low oil and gas prices do not encourage additional industry investment, BC-based employment is projected slightly decrease by approximately 3% or 400 jobs over the next decade. In the growth scenario, oil and gas prices encourage expanded activity across all petroleum industry sectors. The number of jobs located in BC is expected to expand by 7,400 or 53% of the 2009 employment level.
Even in the low scenario, the oil and gas industry employment levels stay relatively flat and age-related attrition results in the need to hire approximately 3,000 workers.In the growth scenario, the industry will need to hire over 11,300 workers, or 83% of its 2009 employment level.
Regardless of scenario
Low ScenarioIn the low scenario, where low oil and gas prices do not encourage additional industry investment, employment gains are limited to staffing for oil sands expansion projects that are currently under construction and expected to come on stream between now and 2016. This growth cannot offset job losses associated with decreased oil and gas activity and Alberta’s employment is projected to decline approximately 4% or 5,000 jobs over the next decade. Growth Oil/Low Gas Scenario In the growth oil/low gas scenario, increased oil prices encourage ongoing investment in oil activity. Alberta’s oil and gas employment continues to grow to support oil sands and also gains head office jobs to support expansion of oil activity outside of the province. It is projected that the industry in Alberta will need to hire for approximately 12,500 new positions or approximately 9% of the its 2009 workforce. Growth ScenarioIn the growth scenario, increased investment across all industry sectors and provinces results in significant growth in the number of Alberta-based positions. It is projected that the industry will add over 58,000 positions or 44% of its 2009 employment levels. Level 4 heading!! It should be different from level 3! I this is right Yes – because investment in other provinces has a positive impact on Alberta-based employment.
In the low scenario, the industry will need to hire approximately 33,000 workers, or 44% of its 2009 employment levels.In the growth oil/low gas scenario, the industry will need to hire about 51,000 workers.In the growth scenario, increased oil and gas-related activity drives the creation of approximately 58,000 positions and age-related attrition adds 44,000 positions resulting in the need to hire 102,000 workers between 2010 and 2020.
Regardless of scenario
Saskatchewan-based employment in the oil and gas industry saw steady growth between 2006 and 2008 as E&P companies invested heavily in the province while oil prices where high and royalty changes within Alberta was a catalyst increased investment in Saskatchewan. Decreases in employment between in 2008/2009 coincided with the economic downturn and decline in oil prices. In the low scenario, where low oil and gas prices do not encourage additional industry investment, Saskatchewan-based employment is projected to decrease by approximately 7% or just under 800 jobs over the next decade. In the growth scenario, oil and gas prices encourage expanded activity across all petroleum industry sectors. The number of jobs located in Saskatchewan is expected to expand by approximately 4,000 or 38% of the 2009 employment level.
In the low scenario, Saskatchewan-based employment would need to hire for approximately 1,500 jobs. In the growth scenario, the industry will need to hire approximately 6,600 workers.
Regardless of scenario
Regardless of the pace of economic recovery, the petroleum industry will be challenged to meet its hiring requirements.Labour shortages are not going away – regardless of scenario.The industry does not have a decade to address labour shortages. The petroleum industry is already experiencing chronic shortages for some occupations.Game changers such as unconventional natural gas, enhanced oil recovery and in-situ oil sands extraction have increased demand for certain occupations and created a need for new skills and knowledge.Labour shortages across all core occupations occur as early as 2013.In the growth scenario, the labour market for many occupations begin to tighten this year.A healthy Services sector workforce is critical to the petroleum industry as a whole.
Effective communication of industry’s workforce requirements to labour supply stakeholders. Better alignment of skills, experience and qualifications between labour demand and supply for the oil and gas industry is required to address current and projected shortages. Regular and effective communication of petroleum industry’s labour requirements to key labour supply stakeholders, including governments and post-secondary and training institutions is therefore critical. Drawing talent from diverse labour supply pools. Traditional labour supply sources are dwindling. The petroleum industry needs to ensure attraction, recruitment and retention practices encourage participation from diverse labour supply pools while continuing to attract traditional labour pools such as new graduates.Immigration is an important source of new workers for the industry. Therefore, industry will need to work with federal and provincial governments to ensure immigration policies and programs meet labour market needs.Address attraction issues with new entrants, in particular youth, as they constitute a significant source of labour supply for industry.Overcome barriers to participation for under-represented groups, such as women, immigrants, people with disabilities, etc., to increase industry’s labour supply. Capacity building within the petroleum workforce. Increasing productivity through employee retention, workforce training and development, innovation and technological advancement must be part of the labour supply/demand solution. In addition, the speed at which technological change has impacted the petroleum industry and its workforce is expected to continue. The industry will need to develop practices to effectively and efficiently build capacity within its workforce.Managing labour costs while addressing labour shortages. The opportunity to recruit skilled and experienced workers from within the petroleum industry will be greatly diminished due to age-related attrition. Continuing to rely on internal sources of labour supply will escalate labour costs – something the industry cannot afford while expecting to realize sustainable growth.Increased collaboration on workforce solutions within the industry and with other stakeholders. The petroleum industry will need to collaborate on workforce solutions. The sectors within the petroleum industry are becoming more reliant on each other, driving the need to collaborate with labour supply stakeholders but also across the sectors to manage workforce requirements and labour costs.