Are oil companies affected by skills shortages?
With the global economy continuing to improve, the demand for oil and gas is likely to rise sharply in the coming years, which could put even more pressure on resources companies.
Oil and gas firms need to have access to a pool of talented engineers, but have they got this at the moment?
A recent study by asset management service company C-MAR Group discovered the industry is reporting skills gaps and the problem is particularly bad in the North Sea.
Chief Operating Officer at the organisation Peter Aylott believes there are numerous reasons for this.
"An ageing workforce, a lack of students entering the industry, stringent immigration requirements even for skilled workers and an explosion in demand for specialist crew such as dynamic positioning officers have all combined to create a perfect storm for the domestic industry," he commented.
Mr Aylott added the skills gaps that have emerged in northern Europe are "startling", with 70 per cent of businesses operating in the North Sea finding it hard to add experienced new members to their teams.
Latest estimates suggest the North Sea oil industry needs 12,000 new workers every year for the next decade in order to satisfy the growing demand for energy.
Skills shortages are clearly a big problem in Europe and it seems companies in Southeast Asia are struggling too.
Exploration firms continue to find new sources of oil, heightening the need for experienced engineers who can extract it quickly and safely.
In October 2013, the International Energy Agency (IEA) published a report that showed the demand for energy in Southeast Asia is expected to rise by 80 per cent by 2035.
This will pile the pressure on oil companies in Malaysia, Singapore and Indonesia in particular to increase their daily output - something they cannot do without skilled professionals.
The IEA warned that the region will have to import more oil in the future and it is expected to spend $240 billion on the natural resource every year by 2035.
It seems the demand for highly-skilled and experienced engineers will rise considerably on an international scale in the coming years.