A report by Petroleum Labour Market Information (PetroLMI), a division of Energy Safety Canada, indicates job losses in the oil and natural gas sector have been significant since 2014, and employment will continue to decline in 2019.
The 2019 Labour Market Update shows the number of direct and indirect jobs in Canada’s oil and natural gas industry could drop to about 173,300 in 2019, a decline of 23 per cent from 226,500 in 2014.
The report provides an employment outlook for 2019 based on current spending projections for the industry’s conventional exploration and production, oil sands, oil and natural gas services and pipeline sub-sectors. It also looks at what has happened since the end of 2016 and spotlights new employment and occupational opportunities for workers longer term.
The industry saw the labour market flatten following the commodity price collapse in 2014. In 2019, about 12,500 jobs are at risk due to several factors, including ongoing low prices, a decline in capital spending and uncertainty over market access.
“Until such time as additional export capacity becomes available, the employment outlook for Canada’s energy sector will continue to be affected,” sasaysid Carol Howes, Vice President of Communications and PetroLMI, Energy Safety Canada.
PetroLMI collaborates with industry, government, educators and training agencies to support and advance the development of a sustainable, skilled and productive workforce in the upstream and midstream sectors. PetroLMI specializes in providing petroleum labour market data and insights, as well as occupation profiles and other resources for workforce and career planning.