Amec KL office closed I heard for upstream.

Many projects with good prospects also been shelved...

Yeap Amec downstream is strong.. Downstream also has big big jobs..Upstream no EPC contracts now

When market becomes stable it will be hard to secure a job..As those who have jumped into Construction/downstream/other industries would return for the $$$$$

It WI stabilize In 1 year. Petronas anticipates until 2018...

Yes, it will take 1 year to fully recover

Petronas has entered into a sale and purchase agreement with JX Nippon Oil & Energy (JX NOE) to sell 10 percent of equity stake in Petronas LNG 9 Sdn Bhd (PL9SB), its wholly-owned subsidiary.

In a statement today, Petronas said JX NOE’s entry into PL9SB marked its second participation in Petronas’ liquefied natural gas (LNG) projects, in addition to its existing 10 percent equity interest in MLNG Tiga Sdn Bhd.

“PL9SB owns the ninth LNG liquefaction train within the Petronas LNG Complex in Bintulu, Sarawak with a production capacity of 3.6 million tonnes per annum and is expected to commence commercial operations in first quarter of 2017,” it said.

Petronas president and group chief executive officer Wan Zulkiflee Wan Ariffin said the sale demonstrated Petronas’ ongoing commitment to grow its LNG business with the support of trusted partners.

“JX NOE has played a key role in the development of MLNG Tiga and we look forward to their similar contribution to PL9SB,” he added.

Why would shell be involved in the JV Project with Petronas? Hasn't the JV been disbanded already for Baram field?

They have a big development.

Just changed this Monday I believe.

Not good..some of their ex staff back but on consultant/on call basis..

Repsol job by Oceanmight, hope for more WHP's in the near future..

They don't pay all their sub-cons it seems LOL

Sad news, worst hit operators are PMY and MOS

Petronas officials had said previously that with crude oil prices still far below the US$100 per barrel seen during the industry’s heyday several years ago, the development of marginal oilfields no longer made economic sense, given its high breakeven cost of production.

“The breakeven price was just above US$60 for the marginal oilfields to be economically viable,” said an industry official.

In a statement yesterday, Petronas said the cessation of the RSC would allow it to minimise the project’s long-term value erosion and optimise the development and production activities in Malaysia in line with efforts to reduce costs and increase efficiency.

Yes, heard some of my colleagues are at a very bad state now..
Former colleagues

Vestigo future projects still will be ON?

H*SS job? Yes, during fabrication.....

I confirm KL office is doing this job..Surely a big job when it comes to EPCIC!!

its over 2 years.