Reasons for High Wages in the UK Oil and Gas Industry

toiling day and night in the dark, sinister caverns of the refinery. The whole article gives

The age demographic segment of oil and gas industry is normally people in their late 40s and early 50s. There is also a group of neophytes but there are very few people with ages between the two groups. Also, most of the people in this industry are highly specialty engineers with experience and skills to make important decision about drilling. There are also other specialty people in the business sides to vision and plan the competitive strategies to compete with other companies.

Green, C. and Leeves, G. (2013). Job Security, Financial Security and Worker Well-being: New Evidence on the Effects of Flexible Employment. Scottish Journal of Political Economy, 60(2), 121-138.

With the decline in manufacturing and its related good-producing jobs in advanced industrialized countries such as U.S, Canada and U.K, much of the make population shifted their attention to the commercial sector jobs (Morissette 2005, 8). The stable and non-flexible jobs in the commercial sector comprised mostly of managerial and professional occupations which typically attracted males rather than females (Morissette 2005, 8).

As of January 2017, US oil and natural gas companies have employed 177,000 to produce, refine, and distribute oil products. By 2024, experts project the number to rise to 220,000, an almost 25% increase. Oil and natural gas companies hoping to drill unconfirmed sites in the United States will need to employ more and more people. (6).

British Petroleum, BP, began as the Anglo-Persian Oil Company in the beginning of the 1900’s. The founder, William D’Arcy, risked his entire fortune at the hopes that oil would be discovered in Persia. He was success on May 28, 1908. The business struggled in the early years, but ultimately found success. BP has become a global leader in the energy business. Beginning in 2000 and in the years to follow BP has focused not only on oil, but also on oil alternatives such as; solar, wind, natural gas, and biofuels (British Petroleum, 2015).

People have been asking for drillers so much that people are now paying thousands of dollars other people for their place on the list. Steve Arthur, Owner, Arthur & Orum Well Drilling, once said, “It’s officially getting crazy. WE go and we go but it seems like we can’t go fast enough”. Some drillers practically live in their trucks because they don’t have

The report is based on responses collected from more than 1000 employers and 2000 employees, considered UK workforce only and was conducted in early January 2012. The report presents an in-depth view of the types of flexible working provisions offered by employers including part-time working, working from home, flexitime, compressed hours, career breaks/sabbaticals, mobile working, term-time working, secondments, annual hours and time off work in the community.

Political: the job market in the UK is split between Public sector ie Government and Private sector. Government policies have control of reward strategy within the Public

As a result, LMIC administered a special survey to collect information specific to oil and gas activity focused on employment tied to well-pad operations, and supplemented it with data from established sources. The figures published in this report provide a detailed view of North Dakota's oil and gas sector at the State, county, and city levels. This report only examines employment designated as necessary for the extraction of oil and gas, and does not include ancillary employment (e.g. related to food, housing, health care, government,

He is a Board member of Mutuo. Dr Christine Oughton is Reader in Management and Head of the Department of Management at Birkbeck, University of London. She has recently completed a two-year research project on the impact of globalisation and technological innovation on growth and employment, funded by the European Commission, and also coordinates a regional innovation network funded by the DTI and The Work Foundation. Yvonne Bennion is a Policy Specialist at The Work Foundation (formerly The Industrial Society). She has been a board member of Job Ownership Research and is a member of the DTI Partnership Fund Assessment Panel.

Engineering is key in modern society today and we strive to make everything better and better each day. One of the most highly credited fields of engineering would have to be none other than Petroleum Engineering. An education in petroleum engineering provides a wide spectrum of specialties to keep the industry running. These are reservoir engineering, drilling engineering, and production engineering to name a few. A reservoir engineer determines the oil in place and devises the most appropriate technology to produce the oil within the prevailing economic environment. Advanced reservoir simulators provide computer models that could predict the performance of the recovery techniques over a period of many years in future. Reservoir engineers

Another industry that has shown signs of employment growth during this hard time is the accommodation and food services industry. Which, outside of London, has seen a 4.8% increase in employment. This could be due to employees from other industries simply switching careers, which opposes the view of this model that skills diminish or are not transferrable between sectors of the economy (ONS, 2014). On the other hand this rise in employment could simply be due to the UK’s flexible labour market.

The flexible working hours and part time job make UK workforce mostly made up of students and people wanting flexible working hours (ibid.).

In the industry of producing oil for the world’s energy sources, safety should always remain the top priority in the creation of oil rigs and producing oil. There are multiple steps in building these massive devices and each of the steps have to be handled with the greatest of care. These steps are assembling and maintenance. Assembling is the part where the workers put together the structure of the rig and ensure that it is set up correctly. “Maintenance is where the drilling equipment failure is monitored and operational so that they do not fail when producing oil” [1]. Well control is where employees monitor the drilling fluid pressure and blowout preventions. It can be difficult for workers to complete their tasks if a hazard or danger occurs.