Effect of recession on Oil & Gas jobs

[indianoilman]

Welcome to discussion about effect of recession on jobs in Oil & Gas industry...
please do post your expert comments....
Is it right time to switch jobs...?
What r opportunities for freshers and also for experienced one?
Come on guys ...express yourself on this topic..

[MartinMas]

Hi Friend, I do not know about what region you are talking about. In Southamerica the situation is very difficult. Most people do not think in switching now because there are not good perspectives for the near future.
In this region, a lot of exploitation as well as engineering/construction companies fired freshers and experienced professionals.

[indianoilman]

THANKS Martin!
what about gulf countries.....like Kuwait, Oman, Qatar,Saudi etc...
are they also affected by recession.... whether still recruitments going on...?

[raulelite]

Unemployment is increasing AND PROJECTS ARE CLOSED all the time, I am a mechanical engineer whit 2 years of experience in design, I will like an oportunity to work in some place in the world,no matter where, I just wnat to increase my knowledge but I can't found that oportunity because the recession.

[aimanq]

I work in the Gulf.
The bad news: Many projects are delayed in the gulf area. Several projects cancelled.
Just several months back many companies in the gulf were struggling to find manpower. They’ve been vesting India, Thailand & Philippine to recruit engineering professionals.

The good news: Due to the recession the cost of construction materials have falling sharply, steel for example is 40 to 60 percent cheaper.
This trend will make projects more attractive in the coming period

[aimanq]

I work in the Gulf.
The bad news: Many projects are delayed in the gulf area. Several projects cancelled.
Just several months back many companies in the gulf were struggling to find manpower. They’ve been visting India, Thailand & Philippine to recruit engineering professionals.

The good news: Due to the recession the cost of construction materials have falling sharply, steel for example is 40 to 60 percent cheaper.
This trend will make projects more attractive in the coming period

[aimanq]

The bad news: Many projects are delayed in the gulf area. Several projects cancelled.
Just several months back many companies in the gulf were struggling to find manpower. They’ve been vesting India, Thailand & Philippine to recruit engineering professionals.

The good news: Due to the recession the cost of construction materials have falling sharply, steel for example is 30 to 60 percent cheaper.
This trend will make projects more attractive in the coming period & some projects which are cancelled due to escalated costs will be revived again.
Let’s wait and hope for the best

[kynelow]

i am control engineer working in south east asia. oil and production side is decreasing its production. projects are either shriking or get cancelled, ecpecially for modeling OTS. but for APC people are looking into it seriously as to save operational cost/increrase efficiency. any way i also have been forced to take unpaid leaves to save whole company from economy depression, even the div i work for is making money

[miomibor]

Any jobs for mining engineer

[DSB123]

Hi,
Well the situation in the UK is dire. I have been a Contractor for 22 years and never been out of work until last December when I was laid off due to drop in workload. I am still out of work at the moment. Rates for people in work are being cut by the Employers. These financial people that caused this recession should be put up against a wall and shot!

[raulelite]

And WHAT about the newly engineers? what is the prospects for us? what expect for the future? In venezuela no future if you are not working to goverment, and yet, if you are not a flunkey to the mother fuckers militars, you have no future... help pleace to find a job, out from here.!!

[miomibor]

@DSB123

I totally agree with you, considering shooting them. Any way we can only wait for now