Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Scottish oil and gas industry fails to keep up with economic growth

24/07/2015 by

W1siziisijiwmtuvmdcvmjqvmdkvntqvmtivmja0l09pbcbhbmqgr2fzieluzhvzdhj5lmpwzyjdlfsiccisinrodw1iiiwinjawedqwmfx1mdazzsjdxq

Whilst there have been many positive results for Scotland’s economy since the beginning of the year, with job growth and wages on the up, it seems that the oil and gas industry has fallen short. In its recently-published Quarterly Economic Indicator the Scottish Chambers of Commerce (SCC) said the three months to 30th June saw many business trends at their most positive levels for some time; however, the slump in price for crude oil meant that outlooks for companies in this area are below those of other industries.

In the new report the SCC said 2014’s buoyant year for the construction industry seemed to be continuing into 2015; meanwhile, manufacturing looks to be having a positive second quarter, “with strong trends in both sales and orders”. Tourism and retail businesses are also reporting positive trends, with the report suggesting that both sectors are “looking forward to a successful summer, with the tourism sector in particular looking forward to another very positive summer.”

It seems not all industries have faired well, however, with the SCC saying the outlook and performance for gas and oil firms was below levels noted by other service sector companies. Liz Cameron, the SCC’s chief executive, said it was clear that poor oil prices have had a marked impact on the nation’s gas and oil sector, not only in the north-east but also across the entire nation.

Talking about the latest report, Ms Cameron stated: “Our indicator for the second quarter of 2015 points to a Scottish economy where most business trends are positive and which is establishing a pattern of reliable growth, even if it is slower than we would like. The main exception to this overall pattern is within the oil and gas service sector.”

The low price for oil is a continued and significant concern for many in the oil and gas service sector. Whilst expectations for the next three months' employment levels, sales revenues and investment expenditure remained positive overall for those in the energy industry, they have fallen to the lowest dip since 2014’s first quarter. The report explained: “The average price of Brent crude oil per barrel has remained at low levels throughout 2015 so far. Long-term low oil prices represent a challenge not only for the oil and gas sector and the north-east of Scotland but for every business in Scotland that makes up the supply chain.”

About Us

Montash is a multi-award winning global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP Recruitment, BI & Data Recruitment, Information Security Recruitment, Enterprise Architecture & Strategy Recruitment , Energy Technology Recruitment, Demand IT and Business Engagement Recruitment, Digital and E-commerce Recruitment, Leadership Talent, Infrastructure and Service Delivery Recruitment, Project and Programme Delivery Recruitment.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmduvmjmvmtmvmjavmjkvndg3l3nodxr0zxjzdg9ja180mtqwnti1mdeuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

Their Shoes... Matthew Gilbranch, Managing C...

2017-05-23 15:00:00 +0100

Matthew Gilbranch (32) is a managing consultant here at Montash, managing the SAP team. With 7 years in the global recruitment industry, he loves helping people and building lasting relationships with clients and candidates alike. He took the time to talk to us about what a typical day is like in the global IT recruitment industry. "I get up at 6 and I'm out of the house by half 6 and on the train by twenty to 7. On the train I tend to have a power nap ...

W1siziisijiwmtcvmduvmdqvmtyvndavmzkvotg5l3nodxr0zxjzdg9ja181ndm0mduxmtuuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

7 Things About Your CV You Need To Fix Right ...

2017-05-04 18:00:00 +0100

As a global technology recruitment agency, we are in touch with candidates day in and day out. We've seen all kinds of CVs in our time and know a good one when we see it. As our recruitment team look to find the ideal candidate, they are looking for CVs that show how candidates can impact their clients in a positive way, not just look flashy on paper. You only have a small amount of space on your CV to show off your skills, so make every word count. Cut...