I'm thinking to join them...
Nanti kalau ada lubang how to buy their IPO, I will let you know...

Same here, finally got a job in a different industry after 9 months of job searching and countless interviews.
As the saying goes, beggars cant be choosers.
Good luck on your future prospect

Secure a job first is the better way. Who knows later you get better pay?
Out of O&G does not means end of world
But staying ignorant won't bring you anywhere

High-flying oil workers now scraping by amid layoffs


KUALA LUMPUR, Jan 11 — Haqim Nawawi thought he had it all when an international oil services firm poached him from a biochemical company and hired him as a logging-while-drilling field specialist with a monthly salary of more than RM10,000.

But just 11 months into his dream job, the 26-year-old took a phone call last June that would crush all hopes for a comfortable life. Now, he is jobless and makes a scanty side income of RM540 a month teaching secondary school students maths or science.

“When they hired me I was so happy,” Haqim told Malay Mail Online. “I even bought a house”.

Haqim is now based in Kuantan, Pahang, to help his parents manage their homestay business.

“But now, well, they just called me to the office and told me [that I was going to be laid off]. But I sort of expected it. We had heard about it and when I got the call... I knew it. I was laid off in June last year and I have been jobless since,” added the 26-year-old who graduated with a biochemical engineering degree from the International Islamic University of Malaysia.

Haqim’s plight is a microcosm of the nightmare that has hit the oil and gas industry following the prolonged slump in crude oil prices that began in late 2014.

According to a Forbes report last October, today’s “great depression” in the oil market has claimed more than 200,000 jobs worldwide, with 2 per cent of the casualties from Malaysia.

While the trail of devastation the oil price crisis has left may not be too visible when presented in numbers, Haqim’s anecdote provides a chilling glimpse into the post-retrenchment lives of those who have fallen victim to the oil market’s massive spending cuts.

As many of those laid off have skills limited only to the industry or non-mainstream fields like marine technology or biochemistry, landing new jobs will be an uphill battle.

The sudden loss or lack of income means more debt, especially for people with high financial commitments like Haqim who was once among the top income earners.

“I went for so many interviews. In various different fields. I even asked for a job in electrical engineering in Johor. But I haven’t heard from them until now.

“My side income from tutoring is about RM540. I charge students RM50 per head. But my mortgage is about RM600 plus. I never expected this to happen of course,” he said, adding that the severance package he received was barely “helpful.”

According to workers in the oil and gas industry, companies will likely begin another cycle of retrenchments this year as the oil price is expected to hover around US$25 (RM109.45) a barrel throughout 2016.

This has frightened workers and even high-performing staff who told Malay Mail Online that nothing can guarantee their employment as the industry has never experienced a rout of this magnitude since the energy crisis in the late 1980s.

“I am scared, to be honest. In one division alone, they have fired 200 staff. Among those fired are the regional HR (human resources department). He was replaced because he was paid too high. So to cut cost, they had to replace him,” said an employee of a local oil contractor.

Skilled foreign workers were the first to be laid off due to their high salaries, according to a source who works for another local oil services contractor. Although this gives Malaysian staff temporary relief since their lower salaries means their employers can still afford to keep them, uncertainties remain.

“There is this great sense of uncertainty. If the market continues the same way, then I am not surprised if there will be another round,” said a staff member of a geoscience company that provides seismic data acquisition and other services in the oil and gas exploration and production business.

“And for me, I work in seismic data. It won’t be easy for me to look for another job, so it can be scary,” he added.

The layoffs among service providers like these reflect the far-reaching effects the current oil glut crisis has on the energy industry, stretching all the way to the bottom of the supply chain.

Since most major oil players were forced to halt new oil field explorations as the crude oil price bust took a toll on revenue, smaller suppliers have been affected by the lack of demand.

But amid the gloom, some have found opportunities, such as the proposed merger between Halliburton and Baker Hughes, the world’s number two and number three oil field services companies respectively.

Hi Oil and Gas expert here, how was the working life in DNV-GL for maritime software consultant? How was the remuneration and package? Thanks in advance!

SESAM software?

Really tough year ahead.. Prepare for the worst, hope for the best.

It's going to be really tough this year. Have to batten down the hatches and toughen it out.

We must not staying ignorant because it won't bring us anywhere... And continue to play politic in O&G... Eh?

Just add him in Linkedin

I think is SHIPMANAGER software, the job ad stated that the candidate need to have knowledge of fleet management system.

I dont know much the current state of DNV-GL after its merger as most of MWS from GLND that I know already left to other Co. I think it based on which division you in. I bet you are an expert programmer for DP2/DP3 system.

Damn what a bad year for me to graduate

From ur statemnt, aku suspek ko dah kene badi puaka...
better jumpa bomoh

Lesson learned here always save for a rainy day. Industry price we cannot control. We can control our spending.

Not the end of the world. Few big O&G companies are still hiring fresh graduates. You got 3 years to secure a job in O&G from now as less than 3 years experience still considered fresh grad.

Thanks for the tip.. didn't know up to 3 years still considered fresh (is it true for all industries?)

Not sure for all industries, I only know for O&G. Actually most experienced hire advertisement require 5 to 10 years experience.

outside o&g ppl with high pay they expect you to know & capable to do a lot of things

To those who have lost their jobs, would it be beneficial to pursue their studies ? Say for a one year duration while waiting out the low oil price period.
This would be a good time to do a master's course or something.

Of course, this is only if it is financially feasible (no crazy loan commitments or dependents) and if the selected course actually being relevant to future employment.