As one of Oil and Gas employee, I have been informed that a lot company have doing the retrenchment and worst of it. Some of them even getting fired without notice. This was unacceptable for the employee as the being treat like they have nothing to contribute to the company
To those who feel like joining, the best company is the supplier to Oil and Gas company as they actually survive but effected from the drop of oil price. But in Malaysia, Oil and Gas is a source of economy so it wont stop the exploration of the oil.
I believe right now the best industry are the one who involved in servicing.It is because they have the contract roughly around 7 to 10 years of services. So they will sustain until the end of situation and the global market inflation.