Since the oil price crash in 2014 there have been massive layoffs throughout the oil industry and its supply chain. Worldwide estimates of job losses indicate that up to 30% of oil and gas industry professionals have been made redundant, pushed to early retirement, or jumped to industries with better prospects. The oil and gas industry is however starting to turn around, and with oil prices stabilising and even climbing, more oil and gas projects are being sanctioned and industry confidence is higher than it has been for years.
A number of people are now looking to get back into the industry, but times have changed since 2014 and finding a well-paid oil and gas engineering job will be different in the future. This is part 1 of our 4 part discussion on how engineering specialists can succeed with their oil and gas job search in the digital age.
Part 1 – Online Presence
Whether you are of the opinion that social media is a source of enlightenment, or you feel it is pure evil and has corrupted the minds of a generation, nobody can deny that it has changed the way we interact with each other and that the modern day job search has changed forever. A good linkedin profile can mean oil and gas recruitment agencies come to you when roles are available, and a recruitment agent can find out a lot more about you than they could with just a CV.
Recruitment agents typically spend 10 seconds initially reviewing a CV for a freelance position, then progress to your linkedin profile as a second step. 90% of hiring managers also admit to searching for a candidate online, with inappropriate facebook posts resulting in many a potential offer never being made. Our online presence is therefore important when searching for a new role, and should be given attention before a job search starts.
For engineering specialist roles in the oil and gas industry, the two most important things that are looked at are:
Maintaining a good online presence is therefore essential, and should be the number 1 priority for anyone looking to get back into the oil and gas industry.
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Already, lubricant players have established their footholds here in Bangladesh, with international brands.
However, the situation is being tough as too many brands entered in this market. So, it is clear, the lubricants brands are struggling to sustain their market shares.
For this reason, we recommend an impression of “Lubricants shelf” to evaluate your brand visibility, which can a key indicator of the market shares of the existing brands.
Every retailer shop has different display shelves and the sellers place different product cans for the end-users. By nature, the sellers have the sole control of those shelves for the preferred product cans.The idea of “Lubricants shelf” may give the marketer an impression, how to penetrate in this competitive market.
The well-known lubricants brands automatically seized the product shelves because of the user demand. But for the struggling brands, this idea can be a key identifier of the business strategy to take over other brands.
The key objective of this impression of “Lubricants shelf” is to create an overview of your brand positioning in this competitive market.
A discussion on Lubricants Shelves; from the evaluation perspective, a discussion ground has been created to solely represent this trade, as well as its other stakeholders.Why “Lubricants shelf” is key to monitor engine oil market?
The lubricants shelves of the overall market have already placed more than 100 brands altogether and the number of brands is increasing day by day.
And the situation is being worsened while so many by name products are taking the different shelves of different clusters. This market has become more overstated in terms of brand names and local products.
You may argue with us; lubricants shelves have no more space to place your new brands. You might get surprised by hearing such a statement. For your information, it’s not a surprising one.
Regularly, lubricants retailers have to welcome the representatives of newly entered brands.
And, business Insiders has depicted this lubricants market as a silent trade with a lot of floating traders.
On an assumption, the annual domestic demand for lubricants oils is around 100 million litres, whereas base oil demand around 140 million litres.
However, the lack of market monitoring and the least reporting makes the lubricants trade unnoticeable to the public.
Headline crude prices for the week beginning 11 February 2019 – Brent: US$61/b; WTI: US$52/b
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