Has your office / company laid people off or are you expecting layoffs? PART 8

[killramos]

Except that any young professionals with O&G in their resume will get automatically tossed out of consideration for work in any other industries.

[sabad66]

I'm actually pretty curious on enrollment for the different engineering disciplines at the U of C. My understanding is:
- early 90s it was an even mix
- mid-late 90s during dot-com boom Zoo (software/computer/electrical) were most desired
- 2000-2014 Zoo was generally least desired with chem/o&g/mech as the most desired

Anyone have any insight on what it's like today? Are Chem and O&G still the hardest to get into or people shifting back towards Zoo?

[RX_EVOLV]

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Except that any young professionals with O&G in their resume will get automatically tossed out of consideration for work in any other industries.

Yep. We (Non-O&G) do this when we go through resumes.

[bjstare]

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Yep. We (Non-O&G) do this when we go through resumes.

Interesting. Mind sharing what industry you're in?

I'm out of O&G, but our company employs a bunch of people that have prior experience there. I don't toss resumes based on that criteria.

[RX_EVOLV]

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Interesting. Mind sharing what industry you're in?

I'm out of O&G, but our company employs a bunch of people that have prior experience there. I don't toss resumes based on that criteria.

I guess I should've been more specific. We are in Healthcare, specifically medical devices. When we were hiring sales during the O&G downturn, we got alot of resume from O&G. We know they are essentially taking a 25%+ (or even 50%) pay cut to work for us, and that the moment things pick up again in O&G they would be gone in an instant. Ultimately those guys are living the kind of life style (e.g living in $800K+ inner city duplex) that our industry can't support. We just avoid hiring them all together.

[Mitsu3000gt]

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I guess I should've been more specific. We are in Healthcare, specifically medical devices. When we were hiring sales during the O&G downturn, we got alot of resume from O&G. We know they are essentially taking a 25%+ (or even 50%) pay cut to work for us, and that the moment things pick up again in O&G they would be gone in an instant. Ultimately those guys are living the kind of life style (e.g living in $800K+ inner city duplex) that our industry can't support. We just avoid hiring them all together.

This is my biggest fear if I ever have to fully switch industries, or even have to find interim work during an extended layoff. Nobody will hire me because they will just assume I will quit the instant I can get back into O&G, but I probably wouldn't be in a rush to go back if I found decent work outside the roller coaster of O&G. There's probably a good number of people who would be willing to abandon the industry entirely for more stable work and a 25% pay cut, but that is just me assuming.

[Mogg]

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Except that any young professionals with O&G in their resume will get automatically tossed out of consideration for work in any other industries.

I do not agree with this. I have had a lot of friends jump over into "business" from O&G here in Calgary. Banking is a big one.

[killramos]

Yes, Banking in Calgary. Providing Banking services to Oil & Gas companies, where their previous experience in Oil & Gas is an asset to the bank. The majority of the lions share of the finance business in this city. That's a very natural transition.

Making a clean break into an entirely new industry? VERY rare.

But hey my anecdotal evidence is as useless as any, in my opinion O&G resumes being blacklisted is far from a fairy tale.

[Sugarphreak]

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[Tik-Tok]

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There is a lot of chatter from people I know right now in O+G engineering; apparently things in Calgary are really not good right now.

Yet it still takes an hour to get into a decent restaurant here. When I can walk into a steak place at 7pm on a saturday and be seated right away, then I'll believe you.

[mr2mike]

Millennial debt/buying power knows no bounds.

[Sugarphreak]

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[RT16V]

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Yep. We (Non-O&G) do this when we go through resumes.

Agree. Young or old. It’s actually become really difficult for me, because I know how hard it is these days for people and I grew up here in the ‘80s. It’s just never worked out, for us, because salary expectations and capability never come close to aligning.

[never]

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Half the Calgary O&G engineering firms supports major oilsands expansions, which are never coming back. A lot less manpower required for the smaller day to day engineering work, and minor facility projects.

There are at least 2-3 big oil sands projects that’ll be kicking off work for regulatory submissions this year.

[nicknolte]

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Agree. Young or old. It’s actually become really difficult for me, because I know how hard it is these days for people and I grew up here in the ‘80s. It’s just never worked out, for us, because salary expectations and capability never come close to aligning.

My company hired 6-7 people from O&G in 2016. All were from major producers. One was fired (poor performance) and three quit after 1-1.5 years to back to oil and gas.

Our hiring managers learned their lesson. Just hired four new people last fall to replace the ones that departed... none of the new hires are from O&G because of the flight risk.

[ExtraSlow]

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There are at least 2-3 big oil sands projects that’ll be kicking off work for regulatory submissions this year.

Really? That's news to me.

[Sugarphreak]

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[never]

These are in the Athabasca oil sands area...nothing publically disclosed though.

[ExtraSlow]

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These are in the Athabasca oil sands area...nothing publically disclosed though.

Well, if they are not just photocopies of previous projects and require serious engineering work, that's great news for that sector. Those projects can really eat up the billable hours.

[Darkane]

One is suncors big SAGD project. Meadow creek I believe. After that’s complete, a huge 160,000 bbl SAGD (Lewis) will be running 2027.

In the hangingstone area.

The other was an open pit I thought. Sask keeps steam rolling as well.

EDIT: and Aspen oil’s SAGD project.

There is stuff happening. I can see an additional 500,000 barrels in the next 8 years for western Canada.

EDIT 2: TECK partial owner or fort hills is looking a building a quarter million barrel mine also. It would be huge they say, half of the size of Edmonton.