The natural gas and oil sector is expanding and has a positive outlook, despite the slowdown that has been brought on by the epidemic and that has affected the sector as a result of the pandemic. According to a Statista analysis, worldwide oil consumption increased to 86.4 million barrels per hour in 2010 and reached 99.7 million barrels by the end of the year. Due to COVID-19, it fell by 91 million barrels per hour in 2020. But in 2022, it’s anticipate to rise to 99.4 million barrels per day of oil. By 2045, it is anticipate that demand for gasoline would increase to 27.4 million barrels.
Based on the data, the number of people employed in the extraction of the oil and gas sector has been growing by an average of 9.68 percent. This is ranging from 127k in the year 2018 to 140k by the end of 2019.
Additionally, white-collar work-related best paying jobs in oil & gas production are becoming sought-after in the oil and energy business since it requires a lot of workers to find and extract the crude oil. There’s a huge demand for geoscientists and petroleum engineers around the world and also laborers who are able to wash their hands dirty working on pipelines, drilling, and refineries.
The best paying job opportunities are in Oil & Gas Production
1. Project Manager
A Project Manager is accountable for ensuring that the entire project from start to end, is within budget, is in accordance with specifications, and in line with the safety guidelines. The Project Manager is also accountable for the smooth flow of communication between groups.
The salary for the project manager for a Project manager in Canada could be $82,808 per year.
2. Drilling Supervisor
Drilling Supervisors oversee the execution of drilling operations and make sure that drilling is performed in a timely and efficient manner. They are typically part of the management team while the program of a project’s activities is being planned.
The Drilling Supervisor’s salary in Canada could be an average of $82,729.
3. Construction Manager
An experienced Construction Manager has the responsibility for ensuring that construction is carried out in accordance with the HSE guidelines and schedules. They work closely with Project Managers while managing teams to supervise and supervise work in construction.
But, the pay that a Construction Manager earns in Canada could be the equivalent of $80,478 per year.
4. Petroleum Geologist
Petroleum Geologists look for and locate oil and gas deposits within the earth. They use geological information to determine the regions where companies are able to explore for oil, they also recommend the most effective drilling methods according to the geological formation of the area.
A median Petroleum Geologist salary in Canada is $161,946 a year.
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5. Geophysicist
Geophysicists investigate the physical properties of the earth in order to determine what is beneath the surface of the earth.
The average salary for a Geophysicist throughout Canada is $75,000 annually.
6. Mechanical Engineer
Mechanical Engineers are keen to assist with plant equipment design, construction maintenance, or the design of oil-gas processing equipment that puts particular attention to safety, reliability, top-of-the-line, and long-term sustainability.
But the Mechanical Engineer’s average salary throughout Canada amounts to $71,000 per year.
7. HSE Manager
Health, Safety, and Environmental Managers of Health, Safety, and Environmental (HSE Manager) develop and implement corporate-wide safety policies. They keep current HSE policies, conduct risk assessments, and design strategies to prevent hazards.
The median compensation of HSE Managers in Canada is $100,000 per year.
8. Excavating Engineer
Excavating Engineer oversees the crew members and is accountable to evaluate as wells’ conditions and maintenance and ensuring the safety measures are taken and is generally responsible for the financial and technical actions that are associated with the drilling process to extract natural gas as well as gas.
A median Excavating Engineer’s pay in Canada is $154,421 annually.
9. Project Engineer
Project Engineers ensure that design construction, construction, as well as large maintenance tasks is carries out efficiently and punctually. Thus, they provide reports on progress and suggested changes to construction are also kept an eye on the progress of projects for all parties.
The median Project Engineer salary in Canada is $85,698 per year.
10. Production Engineer
Team members are responsible for the design and selection of the equipment to produce the well following the drill. Therefore, additionally, they must be sure to monitor and monitor the process of drilling in order to ensure that it is effective and financially viable.
The average salary for Production Engineers throughout Canada amounts to $74,100 per year.
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