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Crude oil prices on the rise, but three of the biggest oilfield companies say they’ve cut more jobs as they adjust to sluggish exploration and drilling activity.

Schlumberger Ltd., the world’s largest oilfield services outfit, said Friday it eliminated another 100 jobs this week in North America. Smaller rivals Halliburton Co. and Baker Hughes Inc. also said they had reduced positions, but neither provided specific numbers.

The three companies combined have cut about 10,000 jobs already this year. Oilfield service companies have had to adapt to far lower spending by many oil and gas producers, which hire service providers for seismic work, reservoir management and other oilfield tasks.
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The oil and gas industry are driven by a series of demands, most notably the increasing demand for these resources, the increasing demand or products derived from these resources, new discoveries of oil and gas in complex natural structures, environmental concerns which have lead to specialist technological advances and new regulations which have driven the expansion and development of these industries.

The largest producers of oil and natural gas are Saudi Arabia, Russia, the United States, Iran, China, Mexico, Norway, Venezuela, the UK, Canada, Algeria, the Netherlands, Indonesia and Uzbekistan. However, there is an increase in production from offshore areas such as the Gulf of Mexico, the North Sea, Angola, Vietnam and Australia.

There are many oil and gas jobs available and they can offer successful candidates a truly international career. Read more »

Intensified need for oil and gas and growing technology which relies on both of these ingredients as fuel has instilled a great opportunity in this sector. Companies operating in oil and gas industry are facing high competition with each other. On the other hand, this industry has been high rewarding as well because of ever increasing oil demand.

Oil is considered as the greatest trading commodity around the world. Oil and gas take more than 80% of the over all fuel market and because of intense reliability of humans on this commodity, oil and gas have even been the sole source for many disputes as well.

Technology intact and high tech machinery have been there to ornate oil and gas sector, which eventually makes it imperative for the industry to hire technical work force in their human resource squadron. Except for being technical, oil and gas industry always demand smart (small, measurable, achievable, realistic and time specific) objective achievers to work on the industry related jobs, it reflects high initial standards to recruitment.

Most of the companies operating in oil and gas sector are following the operational excellence model. Operational excellence model basically aligns people processes and technology with each other in such a way where integration between all key factors is maximized. It results in increasing the compatibility of the organization in order to face the new world’s requirements. Therefore, companies in oil and gas sector are always opting for the recruitment processes by which they can surely hire those people who can adhere to the ever changing requirements of the industry and are susceptible to change.
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