Bucking the Trend: O&G Firms Continue to Recruit

At the end of the fourth quarter 2008, Schlumberger took a revenue hit from the oil market downturn and, as a result, trimmed its employment by more than 1,000 workers this month, with plans for a worldwide cut of 5,000 jobs. Oil major ConocoPhillips also announced that it intends to decrease its workforce by 4%, or by 1,300 jobs, in an attempt to reign in its costs during these uncertain economic times. Despite these massive lay-offs, particularly in the oilfield services sector, smaller, independent oil companies report they are still on the look-out to collect more workers for future exploration and production endeavors.

While investing conservatively in their own oil projects, companies like Devon Energy Corp. seem optimistic enough to continue their search for skilled petroleum engineers and oil field workers. "We have over 150 jobs to fill," Devon spokesman Chip Minty told Reuters. "We are hiring, but we are watching our budgets."

Moreover, with the baby-boomer generation heading into retirement and the petroleum industry's long-term need to acquire more skilled laborers, companies with smaller staffs are more reluctant to get rid of hard-to-come-by highly trained and skilled laborers.

According to Reuters, representatives for Williams Companies Inc and Chesapeake said their companies were hiring, while a spokesman for Apache Corp said it would be premature to comment on the possibility of job cuts. Additionally, a spokesman for Anadarko Petroleum Corp told Reuters that the company's staffing was at levels that enable it to "manage through volatile price environments rather than react to them."

With more than 3,000 job openings listed on its career board, Rigzone can attest to the availability of opportunities on all levels within the oil and gas industry, strongly contesting the recent employment cuts.

Related Companies
 Company: Apache Corp.more info


 - Oil Producer Apache Posts Smaller-Than-Expected Loss (Nov 3)
 - Trade Group Oil & Gas UK Makes 4 Board Appointments (Oct 4)
 - Relief Arrives For US Shale Firms As OPEC Folds In Price Battle (Sep 29)
 Company: ConocoPhillipsmore info


 - ConocoPhillips CEO Talks Talent Shortage and Learning in the Downturn (Mar 7)
 - Shell Shuns New Oil Sands as Low Crude Prices Force Cost Control (Feb 27)
 - Origin To Take A$1.9B Charge On LNG, Exploration Assets (Feb 15)
 Company: Anadarko Petroleummore info
 - Oil, Gas CEOs Optimistic about Future of E&P in North America (Mar 10)
 - Anadarko Expects Oil Sales Volumes To Rise 25% (Mar 7)
 - Anadarko and Freeport-McMoRan Cut Jobs in Texas (Feb 14)
 Company: Schlumbergermore info
 - Schlumberger Posts Smaller Fourth-Quarter Loss (Jan 20)
 - Schlumberger Expands Production Services Portfolio with Peak Buy (Jan 5)
 - Oilfield Services Giant Schlumberger Cuts More Jobs (Dec 12)
 Company: Devon Energymore info
 - Devon Energy Beats Profit Estimates As Cost Cuts Pay Off (Feb 14)
 - E&P Companies Target Potential of STACK, SCOOP Plays (Aug 25)
 - US Frackers Surprise Themselves As Tweaks Keep Adding Barrels (Aug 3)
 Company: Chesapeake Energy Corporationmore info
 - Chesapeake CEO: Downturn Challenges Helped Oil, Gas Companies (Mar 7)
 - Chesapeake Energy Posts Smaller Quarterly Loss (Feb 23)
 - Chesapeake Earns Almost $1B from Two Haynesville Gas Asset Sales (Dec 20)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Sr Recruiter Mozambique Project Lead
Expertise: HR - General
Location: The Woodlands, TX
 
Records Manager
Expertise: Document Control
Location: Hanover, MD
 
United States San Antonio/Elmendorf: Entry Level Administrative Associate
Expertise: Secretarial or Administrative
Location: Elmendorf, TX
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours