Abu Dhabi rents fell 10% in 2016 amid cost-cuts, job losses

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We aim to create long-term value for stakeholders by helping meet the growing demand for energy in a safe and responsible way. We offer a range of exciting career opportunities, providing a rewarding work environment in which individuals can realize their full potential and help to shape the future of the energy sector. Sometimes the identity of ADNOC or one of its subsidiaries is used fraudulently in business proposals, fake recruitment campaigns and false job offers. We work together with one common vision: Through partnership, innovation and a relentless focus on high performance and efficiency, we maximize the value of energy resources.

We share a proud history, and together have contributed to the UAE's economic and social development for generations. We work together, as one integrated team, to achieve our Strategy: We produce around 3 million barrels of oil per day, and over 9.

We are a trusted and reliable global energy provider. Our oil, gas, refined and petrochemical products are sold on six continents. We take a proactive approach towards environmental protection, constantly assessing and actively managing all environmental risks and impacts.

We place great emphasis on the proactive identification and mitigation of all health and safety price of oil and gas dubai jobs 2016, and manage all incidents and crises through an effective emergency response system.

Join us at the ADNOC Downstream Investment Forum, where we will present the roadmap to our new price of oil and gas dubai jobs 2016 strategy and unveil signature projects and significant co-investment opportunities for partners. We produce around 3 million barrels of oil and over 9. ADNOC refines and processes crude oil, raw gas and condensates, and also produces a wide range of Our oil, gas, refined and petrochemical products are marketed and sold by our Marketing, Sales and Supplier Code of Business Ethics.

Latest press releases and sustainability reports. Scam Alert Sometimes the identity of ADNOC or one of its subsidiaries is used fraudulently in business proposals, fake recruitment campaigns and false job offers. One Vision We price of oil and gas dubai jobs 2016 together with one common vision: One Mission Through partnership, innovation and a relentless focus on high performance and efficiency, we maximize the value of energy resources.

One History We share a proud history, and together have contributed to the UAE's economic and social development for generations. One Strategy We work together, as one integrated team, to achieve our Strategy: Providing energy to the global community We are a trusted and reliable global energy provider. Protecting our Environment We take a proactive approach towards environmental protection, constantly assessing and actively managing all environmental risks and impacts.

Ensuring Employee Safety We place price of oil and gas dubai jobs 2016 emphasis on the proactive identification and mitigation of all health and safety risks, and manage all incidents and crises through an effective emergency response system. Find out more about us. Exploration and Production We produce around 3 million barrels of oil and over 9. Processing and Refining ADNOC refines and processes crude oil, raw gas and condensates, and also produces a wide range of Marketing and Distribution Our oil, gas, refined and petrochemical products are marketed and sold by our Marketing, Sales and

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However, due to the downturn in the oil and gas market, Q1 bucks the trend. The Index, which charts the number of jobs posted on key oil and gas job portals across the world, dropped from 1. The effect of the downturn is now being fully realised, as operating and service companies across all oil and gas regions implement strategies and cost measures to ensure they remain profitable.

Cost saving measures will impact hiring plans, however, decisions made today will shape the future labour force so it is important for employers to hire strategically to avoid creating a future skills gap.

Asia and the Middle East both show an increase in hiring activity compared to the previous quarter, albeit below Q1 The Index was established in when it was set at 1; all subsequent months have been compared to this benchmark. The figures from January to March Q1 inclusive reveal:. Businesses such as Saudi Aramco are hiring western expats with specific unconventional experience and for infrastructure projects, which has helped stabilise the Index.

The job market is expected to remain relatively strong throughout Q2 and Q3, but it is still too early to tell if the Index will return to levels. The full effect of the oil price decline is starting to take hold and projects with unfavourable economics are being cut or delayed.

On the positive side, LNG projects on the Gulf Coast are still hiring the talent required to drive towards operational status. The continuing energy reforms in Mexico and the announcement of Round One tendering scheduled later this year should have a positive effect on the Index in Q3.

The cost of producing North Sea oil and the slow up-take of fracking and shale exploration in the region take their toll on the job market. With the approaching UK general election in May , the new government is expected to come under pressure to revise tax reforms in order to kick start UK oil production. Western sanctions, coupled with the fall in oil prices have resulted in the CIS Job Index dropping to the lowest levels in six years.

Russia has turned its attention to Asia, particularly China, both for financial investment and the talent needed to complete projects, in turn securing the revenue it so desperately relies on from oil and gas exports. The rising cost of production on the one hand and the decline in oil prices on the other are causing employers to put a hold on hiring activity, causing the Index to drop below Q1 levels.

Africa is expected to represent 15 per cent of global offshore capital expenditure during , up 10 per cent from levels. The first quarter has been stronger than other regions. The expertise and proven track record in the design and construction of offshore production facilities is potentially the reason the region has seen growth.

Companies with projects in construction have already committed the finances required. Therefore, we expect there will be a time lag before any potential changes to hiring plans are realised. LNG projects are moving out of design and construction phases and into operational status, resulting in reduction in demand for new talent and reflected in the Index, which has reported four consecutive quarters of decline since its slight recover in May The data is compiled by a team of analysts and researchers, and is broken down to reflect regional differences in hiring activity.

I am A Job seeker. Sign In Create Account. The figures from January to March Q1 inclusive reveal: AFRICA The rising cost of production on the one hand and the decline in oil prices on the other are causing employers to put a hold on hiring activity, causing the Index to drop below Q1 levels.

ASIA The first quarter has been stronger than other regions. AUSTRALIA LNG projects are moving out of design and construction phases and into operational status, resulting in reduction in demand for new talent and reflected in the Index, which has reported four consecutive quarters of decline since its slight recover in May