Bad and Good News To All Graduates Who are Currently Looking For Job In Petroleum Industry



As I am writing this article  a number of employees  all over the  world including Tanzanians has lost their jobs  in different  petroleum companies like  schlumberger, baker Hughes and Halliburton as oil price fell from $ 100-per barrel high last year to near $ 40 this weak. On other sides, graduates from different universities in Tazanania, especially those who took petroleum engineering and petroleum geosciences are still looking for opportunity to begin their career in these oil and gas companies. Both graduates and those who has lost their jobs in these companies worry about their prospects as oil price remain below $ 50 per barrel. What the are going through their  mind , is this industry going to give them the opportunity that they are trying to seek?
If you are job seeker, or you want to make career change into petroleum industry, or you are graduate and you have passion for beginning your career in this industry, today I have bad and good news for you.


BAD NEWS
A newly  released analysis of hiring trend has revealed oil &gas companies has reduced their number of job posting.
Big oil companies have slowed down on hiring. World wide, layoffs in the oil &gas industries  have topped 176,000, according to swift world wide resources, oil and gas industry staffing firm that has been tracking the industry jobs cuts.

Big oil company company like CHEVRON recently  announced plans to slash 1500 jobs.Royal Dutch Shell, revealed that it’s axing more than 6500 jobs. The way i see things as layoff mount, graduates will face intense competition for fewer jobs.

 GOOD NEWS
Its very clear to every one that this petroleum industry is the one of the highest  paying industry, new graduates can make  as  much as $ 130,000  (U.S) a year, that why graduates are fighting  to be employed in this industry and others suffer from severe headache when lost their job in petroleum companies.
Even with this low crude price, Oil companies are not abandoning their recruiting effort, more engineers and more kind of technicians are still needed to address future challenges.So what you should do, you have to work hard and you are having to look for alternative. You should use your mind wisely to think on what to do with this current situation.

MY FINAL WORDS
Petroleum industry is very complex and volatile industry. If you are looking for career in this industry you must  prepare  to accept all challenges and risks that you might face. The industry does not have secure job. Since because you can lose your job abruptly.



Dear readers, We would love to hear your views on all of these.

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