Shell planning to cut 1000 of its upstream staffs worldwide? that isnt alot compare to their rather large workforce.

If msia, then that is alot. If msia, then does that number include the cyberjaya staff which I dun think they are consider upstream...

This forum thread has been hijacked by a doomsayer who doesn't contribute anything positive to the intent of this thread.

There is always a rare breed of very very thick skin goody goody over inflated big ego people in the internet who couldn't get the hint that their presence in a forum thread like this is not welcomed.

I appreciate hearing both sides. The only problem is some people might push their personal opinions as facts which is misleading.

If you have to write personal opinion kindly indicate.

Deleted- triple post

This post has been edited by Binyamin: Jul 22 2015, 07:56 PM

Deleted- triple post

This post has been edited by Binyamin: Jul 22 2015, 07:56 PM

Malaysia only. Cyberjaya IT already history since few years back. More to follow when oil price really test USD40 market as when reaching this price, digging from sea will make lost for every drop that being dig out
That's why I said, building the right refinery that can process sour crude will be the only way to survive in this cruel world. If not why Saudi keep on building mega refineries for the past 10 years? Now still got 2-3 refineries on the way that expecting to start up on 2016 and 2017, smallest also 400kbpd and Euro6 compliant
This is why Petron and Shell making hell of profit on 1st Q while Petronas making less(even they dominate the market), because the cost increased on digging oil.
Maybe Malaysia have to buy from them also later on, that's why you have a big oil terminal in Tanjung Bin.

You should read the title of this forum thread, and look up postings which do no relate to the forum topic and decide yourself whether the postings are relevant to the this thread or not.

I won't comment on this matter anymore.

Yes and the way he is acting is as if everyone in oil and gas is going to lose their jobs...sad him!

Just see the thread's sub title can know already, how butt hurt most fellows now. Oil price already at 50 but still refuse to change it, but trying to do personal attacks and deny the reality
http://biz.sinchew.com.my/node/119399?tid=6
If you can read Chinese, O&G companies and other field already had 1500 staffs being slashed

I use google translate to translate the article from the link. It contain some helpful advice. Capital worldwide is shifting to safe haven countries and we are far from being done yet.


(Petaling Jaya, Selangor ‧ 20 News) Malaysian Employers Federation (MEF) Executive Director Dato 'Shamsuddin disclosure, the current job market to shrink in the first half of this year a total of about 1 million people have been retrenched.

He accepted "Sin Chew Daily" visit today, said that in addition to 6,000 job cuts outside of MAS, while the construction industry, banking, oil and gas companies, electronics companies, through voluntary retirement scheme dismissed 4,000 people.

ACE Group to enter the Johor property, build ARC @ Austin Hills serviced apartments adjacent to the Austin Hills Golf & Country Club, went to Johor Bahru Level (CIQ) only 17 minutes away by car.

This includes banking layoffs of about 2,000 people, Japanese JVC divestment resulted in 500 job losses as well as from the construction industry, other sectors and other oil and gas companies laid off 1,000 500 people.

Among them, new entrants and middle management level employees most affected.

In addition to the layoffs, he refers to the employer in order to save costs have started to implement an employee incentive payments to reduce the magnitude of salary or even freeze salary, incentives or bonuses.

3 consecutive quarters of poor performance

He said the reason for shrinking the workplace, because many companies in the third quarter of last year, did not get good performance, this situation until the first quarter of this year have not improved, then the stock market in the second quarter than the same period last year and early this year worse companies began much.

He refers now caught between the internal and external pressures to survive outside Greece down debt, China's stock market crash, the Australian real estate bubble affect the national economy; the country are subject ringgit devaluation, inflation, consumption tax, consumer sentiment hit.

Banking thousands of job cuts is alarming figure, which, he explained due to the National Bank to tighten lending regulations, the bank is not easy to approve loan applications; furthermore due to the popularity of online banking, banks will not need much manpower, so started Human resource rationalization measures.

He also said that most of the layoffs of oil and gas companies are contracting large companies outsourcing projects upstream business, affected by global oil prices, large companies no new oil exploration project, and then there is no business of small and medium companies outsourcing to outside.

"As for the construction industry, many employees are contract employees, is not eligible for re-appointment of the contract expires."

He added that due to inflation and high prices high, consumers have become more cautious, wait and see who more and more job opportunities for joint construction also followed decreases.

Do not picky remind graduates work

Shamsuddin remind students not to be too picky work, because there are always people who experience persistent unemployed graduates than popular.

He said that recent graduates will find jobs in the search for the face of difficulties.

"In the case of an economic downturn, employers will be more cautious to hire new employees, even if luck is eligible for admission, may only be hired on contract."

He advised the graduates not to pick and choose to work, they should first find a job, and then slowly look for better job opportunities.

"Unemployed graduates longer to work harder to get better, because they have no work experience, graduates must now fight for a job in a new batch on the same basis."

He urged the Government to implement incentive measures to allow companies to hire graduates eligible for double deduction, and perhaps make the workplace slightly warmed. (Sin Chew Daily reported ‧ ‧ Wan Yee Shan)

See full points: http://biz.sinchew.com.my/node/119399?tid=6#ixzz3ghvihmSl
Follow us:SinChewPress on Twitter | SinChewDaily on Facebook

This post has been edited by Binyamin: Jul 23 2015, 07:03 PM

Good
At least you spend some time on looking for truth your self rather than like some jokers that keep on deny the bloody fact.
So, the question now is, does O&G career really still like last time's comfort zone
1997 economy crisis O&G survived, 2008's Lehman Brother's bankruptcy again O&G survived the wave.
But now basically nothing special bad news and yet O&G can't survive

so butthurt people still working within oil & gas industry while he is not yet non-stop commenting in the thread. kek

Interesting observation u give on the economy crisis since 1997...

This time there is no oil shortage, but rather pver supply especially since china the biggest consumer in the past years has cool off its demand...

Oversupply, cheaper oil yup

Thus affecting many lost of jobs

Everything, power, money, commodities are speculated
So considering every aspect from political to war, it is not hard to predict.
Still, I never expect the tsunami hit O&G's upstream till downstream

it is 10,000 and not 1 million were retrenched as the translation that has been done. trust no the translation accuracy. i used to perform translation English <--> Mandarin for training materials when was working in Singapore for our company PRC workers, i always need to review and tidy up the translation.


before i graduated, i read an interesting article. i remember vividly until now, sharing from some experienced engineers. build different engineering skills and experience for every 5 years along once's career in order to adapt to the job market trend and economics.

This post has been edited by ch_teo: Jul 23 2015, 10:26 PM

Deleted

This post has been edited by Binyamin: Jul 23 2015, 11:35 PM

Nope, is good that you are seeing the big picture and prepared for it.
Shit will only hit those people still living in their denial world and kakikong, kakisong.

Wise words... noted thanks

Will try to look up for more skills

Eventhough you deleted, but thanks to supersound quoting u b4 u delete it lolx

Thanks for the revelation

Seem like 2017/2018 will be the next coming recession as targetted. Just like 1997/98 and 2007/08 and 1988

Now the question is... Will it be as big as the asian 1997 crisis? or mild like 2007 (which affect the EU and US) or would it be as big as the international 1988 crisis...

Gotta be prepared...

Seriously? I cant understand people nowdays, do you just randomly pluck info from somewhere or make it as you go? Researching about your future doesn't hurt......

Correction 1 - 2017/2018 recession? hard to say, whats your justification? There could even be a recession this year in Asia(technically Malaysia could be entering recession very soon) ---- refer to China - (in Malaysia refer to 1MDB )
Correction 2 - big asian 1997 crisis fine. 2008! crisis you call mild? really? the effect can still be felt until today!

Like the crazy dude (supersound) who was talking about Libya(the African nation) blaming low oil prices for going bankrupt. Libya is going bankrupt due to oil theft, a civil war, ISIS, kidnapping,bombs......and the list goes on. The last thing that Libya will bankrupt for is low oil prices because their oil production costs are one of the lowest(if you been there you will know why). The country that is still somehow standing and is most affected by oil prices are Venezuela and Russia due to lower margins.

And the problem doesn't end there. Even Natural Gas prices are falling. With Iran's oil pumping full into the market and really demand is not going to rise because face it, vehicles/airplanes are getting more fuel efficient, powerplants are moving to non-hydrocarbon/renewable sources.

The industry will prevail and adjust to whatever the price is.

Like stamp said since this is oil and gas career thread will provide you advice on career, not an expert but speaking from statistics and common sense.

Most resilient sector in the O&G is Production/Maintenance/Operations -------re-skill into this sector because the jobs are still there. Justification - while companies can cut all other budget to save cost P/M&O is their main focus and expenditure for revenue, they might cut headcounts but not as many and they might hire cheaper labor (fresh grads) to replace more expensive ones.

Worst sector Exploration/Drilling -- its just not worth paying so much to drill wells anymore. However if you can re-skill to shale/fracking, whatever people say onshore drilling is still cheaper than offshore drilling and will survive.

Those who are all gloomy about the job markets, well there are lesser jobs now but still many skilled position are hiring internationally. Do not do just one job for all your life. like ch_teo said build different engineering skills and experience.

This post has been edited by BillySteel: Jul 24 2015, 03:27 AM