‘Tens of thousands’ of Oil and Gas Jobs in Pipeline

It has recently been reported that the UK’s Oil and Gas sector could create as many as 34,000 new jobs over the next two years, a study by Lloyd’s Banking Group has claimed. The report, Oil & Gas: Rising Fortunes 2, claimed that 77% of companies surveyed were planning for growth this year and next, with 33% citing a shortage of skills as the biggest challenge they expect to face.

Stuart White, area director of Lloyds Bank Commercial Banking North of Scotland, said: “This is good news for the UK economy and north-east Scotland, in particular, where there is a concentration of oil and gas companies. However, the spread of these firms throughout the UK means all parts of the country should reap the benefits of these 34,000 new jobs.”

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