Now that global rescission has become a household term and lay offs & pink slips have become a part of our daily vocabulary, you might find it odd to find large number of ads by oil rig companies on job classifieds. Oil prices are less than half of what it used to be a few months back. So, why are the oil rig companies still hiring?

Sure, the worldwide economic growth is slowing and the low crude oil price IS affecting new projects. Prospects aren’t too bright for a regular office job, be it Oil & Gas or any other sector. But if you work in the field, there are still plenty of rig jobs. Companies that have started their upstream activities will continue with their effort. Recession or not, that is still a lot of work waiting for workers to complete. In recent report on The Daily Times though a few local oil companies have stopped their hiring, larger companies continue to hire.

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