![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() by Daniel J. Graeber Oslo, Norway (UPI) Sep 8, 2016
The government of Norway said Thursday the number of jobs tied to the production of oil and natural gas declined during the second quarter. In total, the government said there were 10 percent fewer jobs available across the country in the second quarter than during the first. "The decrease continued in mining and quarrying -- an industry dominated by the production of oil and gas," the government said. "There were 200 job vacancies in the 2nd quarter of 2016, compared to 600 in the same quarter of 2015." Four years ago, the number of job vacancies in mining and quarrying was around 2,500. The government's statistics office said total investments in oil and gas extraction, and pipeline transport for the year are estimated to reach just under $20 billion, a 1.5 percent decline from the previous full-year estimate. Total investments in oil, gas, mining and other parts of the electricity supply will reach $26 billion, a figure that's 12.3 percent lower than last year. The decline in investments and jobs comes even though oil production for July, the last full month for which the government has data, was 9 percent higher than the government expected at 1.7 million barrels. The government, however, noted that the increase was more or less a given because several offshore oil fields were closed for maintenance in June. Total gas production followed similar trends, coming in higher than expected, but lower than the same time last year and below early 2016 peaks, which followed seasonal trends. An August report Norway's central bank said the decline in oil prices since late 2014 has been the primary factor in the increasing rate of unemployment. The bank said the pressure is unlikely to be temporary and that some workers tied to the oil industry will likely have to find jobs in other industries.
Related Links All About Oil and Gas News at OilGasDaily.com
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |