The future of oil and gas

If you’re thinking about a career in oil and gas, with the shifting global landscape, geopolitical factors, and an ever-growing spotlight on sustainability at the forefront of minds, you might be wondering is oil and gas a good career path? 

Research from Deloitte tells us the oil and gas (O&G) industry will enter it’s healthiest balance sheet in 2023, seeing 93% of O&G executives say they feel positive about the industry in the coming year. New policies and investments such as The European Commission’s Fit for 55 climate package helps to support the acceleration of the clean energy transition, and offers a promising industry outlook. 

With steadily predicted growth, you might also be asking which field is best for the oil and gas industry? The answer truly depends on your skills and interests. If you’re looking for a stable, high-paying career with challenging projects, engineering could be the perfect field for you. 

Engineers come in many shapes and sizes, from civil and structural engineers to pipeline engineers. It’s a field that requires technical expertise, problem-solving skills, and strong communication abilities, making it a sought-after and rewarding career. The IEA estimates 14 million new jobs will be generated in clean energy by 2030. With so many new possibilities on the horizon, there’s no better time to start exploring oil and gas jobs, or if you’re new to the industry, explore tips to get started in jobs in the oil industry. 

If you want to be competitive, it’s important to stay up to date with leading trends. At TRS Staffing Solutions, our recruitment expertise covers all industry areas and phases, including EPC, upstream, downstream and chemicals, so we’ve got the expertise to help you put your best foot forward in your job search. 

Here are 3 top trends to help you understand the future of oil and gas jobs: 

1. Gradual transition to renewable energy

There is a growing trend in the industry towards a gradual transition to renewable energy sources, with a focus on efficiency and sustainability. While oil and gas will likely remain important sources of energy for the foreseeable future, companies are increasingly diversifying their portfolios to include renewable energy projects and reduce their carbon footprint.

Skilled engineers are in demand to develop innovative and sustainable methods for extraction while minimising environmental impact. Consider developing skills in areas such as renewable energy technologies, energy storage, environmental management, and energy efficiency to remain competitive in the industry.

2. Emphasis on digital transformation 

The oil and gas industry is undergoing a digital transformation, with many companies investing in technologies such as artificial intelligence, machine learning, and the Internet of Things (IoT) to improve efficiency, reduce costs, and enhance safety. 

Continued innovations in this field have the potential to transform operations, with optimistic case examples from drilling optimisation to digitally enabled logistics revealing just how technology can boost performance in oil and gas. Skills in data analytics, automation and software development are likely to be in demand.

3. Growing globalisation and competition

The rise of new oil-producing countries is an important factor shaping the industry. The United States has emerged as a major player in the global oil and gas market and challenged the dominance of traditional oil-producing nations like Saudi Arabia and Russia, thanks in large part to the development of shale oil and gas resources. 

Other countries, such as Brazil, Canada, and Australia, have also seen a significant increase in their oil and gas production in recent years, with Norway becoming Europe’s biggest producer of gas. The growing globalisation of oil and gas is exciting news for candidates, offering more varied global working opportunities.

Empower yourself for success with a career-growing move

Whether you’re an experienced civil and structural engineer, or interested in scaling your project management career, or any one of the numerous operational opportunities within oil and gas, this is your sign to take the next step in your career. 

At TRS we have nearly four decades of experience working with candidates of varying needs. You can trust us to help you find the most rewarding jobs in oil and gas.

Explore and apply for our latest opportunities, or get ahead and send your CV to be the first to hear about our latest jobs.