http://www.upstreamonline.com/live/1385420...seismic-vessels


Leading oilfield services player Schlumberger said it will retire several of its marine seismic vessels and take a substantial impairment charge as a result.

-I still remember when my friend (with westerngeco, 7-8 yrs ago) was layoff just with a phone call..

This post has been edited by meonkutu11: Dec 3 2014, 11:01 PM

With another company in Brunei that doing laser scanning, dimensional survey etc.

SBM to Shed 1,200 Positions in Restructuring Moveby Jon Mainwaring|Rigzone Staff|Thursday, December 11, 2014

Dutch oilfield services firm SBM Offshore announced Thursday that it will cut 1,200 positions out of the 10,500 people it employs worldwide by the end of 2015 as it seeks to reduce costs in a tough market environment.

The news comes less than a month after the firm settled a bribery case with Dutch prosecutors for $240 million following a two-year inquiry into improper payments to government officials in Angola, Brazil and Equatorial Guinea by sales agents between 2007 and 2011.

SBM said it would cut 600 contractor staff and a similar number of permanent employees in order to optimize its cost base. The cuts will vary by country, depending on local legal requirements, it added.

The firm believes that the restructuring of its business will generate annualized savings of approximately $40 million, with total redundancy costs amounting to $25 million – of which $17 million will be recorded in 2014.

SBM CEO Bruno Chabas commented in a company statement:

"Although we regret losing some of our colleagues, we believe these steps are necessary to deliver value to our stakeholders and drive profitable growth over time."

SBM also announced a plan to relocate its corporate headquarters from Schiedeam, Netherlands, to Amsterdam during the third quarter of 2015.

The firm provides floating production solutions to the offshore energy industry, with its main activities being the design, supply, installation, operation and life extension of FPSO (floating production, storage and offloading) vessels.

dont forget to try local company like dimension bid...

happy new year to all grease monkeys!!! be safe!

Another story...

http://oilpro.com/post/9507/now-ultra-deep...tm_medium=email

one more...


Attached thumbnail(s)

I believed there is a reason why they are called "SapuKencang".
they are an operating company, drilling contractor, services providers incl. marine n subsea inspection n maintenance, and drilling rig, production platform builder and conversion, repairs....

bro, i wonder where is your alumni, seniors or friends...you said you like to talk, i bet you must have a lot of friends...

some words from me in case you work with contractor or services company (in drilling) and in your learning phase, JOIN them and work with them especially those deckhands, floorhands...you'll get a priceless knowledge...
i have a friend like you, in fact your senior and have that kind of 'client' attitude...keep questioning why he has to do this and that, n etc...of course it didnt went well with him...talk too much and bossy...ppl dont like that!

This post has been edited by meonkutu11: Jan 19 2015, 10:37 PM

Good morning guys...

http://www.rigzone.com/news/oil_gas/a/1368..._and_Inaccurate

http://www.rigzone.com/news/oil_gas/a/1368...s_As_Oil_Slumps

hurm...


Attached thumbnail(s)

My friends in BV & Petronas Maritime still busy going survey here and there.

i guess all the operators start spending back again, rigs easy to get contracts and demand high dayrate....kekekeke...

Hurmm...


Attached thumbnail(s)

hurm...


Attached thumbnail(s)

Weatherford to Cut 5,000 Jobs as It Fights Oil Slump


Feb 5 (Reuters) - Weatherford International Plc plans to cut 5,000 jobs, or about 9 percent of its workforce, by the end of the first quarter as the oil services company tries to save costs amid sinking oil prices and budget cuts.
The job cuts will focus on both operating and support positions and a majority of the reductions will be in the Western Hemisphere, the company said in a statement.
Weatherford, which currently employs about 56,000 people across the world, expects the job cuts to result in annualized savings of over $350 million.
"Due to the quickly changing market conditions, we are aligning and reducing our cost as well as organizational structures to match the new environment," the company said.
Weatherford said it expects its cost actions, a reduction in capital expenditure by $550 million to $900 million in 2015 and a positive contribution from working capital balances, to offset any reduction in earnings.
Last month, the company said it would eliminate the position of chief operating officer as it copes with a 60 percent slide in global crude oil prices.
Global oversupply and tepid demand growth have sent crude prices to five-year lows, prompting oil producers to trim their budgets.
Oil companies have responded to the lower spending levels by cutting thousands of jobs and also salaries.
Schlumberger NV, the world's largest oilfield services provider, is laying off 9,000 employees, while Baker Hughes Inc is reducing its headcount by 7,000.
Oil major BP Plc said it last month that it would freeze base pay across the company this year, while Resolute Energy Corp said it would slash its CEO's base pay by 96 percent.
(Reporting by Supriya Kurane in Bengaluru; Editing by Gopakumar Warrier)


Article Date: Thursday, February 05, 2015

steady lah senior..

another day, another dollar bro...