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Data showed that oil and gas wages have grown at a slower rate every year since 2011
The global average salary for oil and gas workers fell slightly in 2013 after two years of rapid growth, according to a report from recruiting firm Hays.
Fifty-six percent of North and South American oil and gas recruiters said they aim to increase contract and salary pay rates in the second half of the year, while only 6.6 percent said pay would head lower, according to OilCareers.com and Air Energi, which surveyed thousands of recruiters and energy executives.
See which energy executives enjoy the heftiest compensation packages in the Houston area.
Escalating costs to build liquefied natural gas plants on land in Australia, where energy workers earn the highest salaries in the world, are driving developers out to sea in search of billions of dollars in savings.
Here’s how you can make hundreds of thousands of dollars off an oil company, without any oil industry experience: Become a member of Exxon Mobil Corp’s board of directors.
See the Top 15 countries where foreign oil and gas workers are making the largest salaries. As pay in the United States climbs rapidly, companies with overseas operations are ponying up bigger bucks to attract top talent.
A Hearst Newspapers investigation found that over a decade of deregulation, the frequency of outages has crept up, maintenance of aging infrastructure has been deferred and line workers have been laid off. Meanwhile, CEOs’ salaries have risen an average of 150 percent.
Counties in the Eagle Ford shale saw an average increase in per capita income of 13.62 percent between 2008 and 2011, according to the Bureau of Economic Analysis. Texas as a whole saw an increase of 1.34 percent during that time period.
As oil and gas companies expand operations across the country, demand for skilled workers has pushed salaries up 5 percent over the past year, according to a report by CSI Recruiting.