Despite a turbulent time for economies worldwide, experts believe that investments there are green shoots of optimism gradually sack through, especially in the oil and gas sector. Thanks to a rise in crude oil prices, the industry starting to feel when they are not yet completely out of the darkest days of recession, then at least a little more stable than six months ago. Companies that have warned extensive job cuts in drilling, oil rig jobsand other oil careers are now confident that these jobs are a little safer than they were before.
An increase of 49% in the core oil prices over the past two months appears to the local oil-related employment has stabilized, despite concerns that higher prices could be negative effects of the rest of the economy. Some manufacturers may rent more cautious in their approach, while not currently active rig crew, are not as quick to cut jobs as they were several monthsbefore. However, they are still to be seen whether the prices to stabilize or rise further before they invest in upgrades. If oil prices to over U.S. $ 50-60/barrel could then remain the industry as a whole will see a new wave of activity and start actively hiring drilling and maintenance teams.
This is not a new era (yet, anyway) for the oil industry, and there is still much uncertainty in the financial markets in the industry. The most affected countries like the U.S., Britain, Japan and theEuro-zone is still under it one day at a time, with figures on the economies of these countries into a "hold" from almost zero growth in the last quarter. But the oil industry is still considered one of the best investment areas and projections are seen, with a plethora of new projects coming online this year and production of oil and gas on the up, the industry could be one of the first resulting from push - the recession and return to positive growth in 2010.
EquityExperts predict that certain sectors are still positive on the search because of ample liquidity and refer to the oil and gas industry as one of the best bets for investment potential. The consequences of this is potentially an increase in the fate of heavy industry and steel production, since these sectors benefit from increased investment in oil and gas exploration dispute. Analysts are also positive about the oil and gas industry, because they believe that oil prices will stabilize at around theU.S. $ 60 mark, which is sufficient to boost the industry back into positive growth, as it is valued higher than the estimated cost for shallow and deep water production (U.S. $ 20 and U.S. $ 40-50/barrel respectively) . Consequently, as long as the investments continue in the business, analysts are forecasting that new jobs should be followed for local business support, in particular with regard to the order book replenishment and sustainable charter rates.
This positive approach is aworldwide phenomenon, with oil and gas companies around the world about the new exploration proposals that increased activity in other sectors and the growth of the satellite companies that supply the industry to consolidate and even increase employment. Jobs in oil and be looking for more gas to a growing market, and those who experience and the right skills can a little more security in their careers. As long as the price remains above the $ 60 mark, the worldwide oil andGas industry are in a better position to other industries from the recession will lead to a sentence to ensure that we do not encounter another boom / bust situation is further down the line.