Thanks bruv

Oil and gas firms 'plan more cuts', report suggests

More than four in 10 of the UK's oil and gas firms plan to cut costs further in response to the downturn in the industry, according to survey evidence.

The Bank of Scotland/Lloyds Banking Group report took industry opinion between last December and February.

It shows a third of businesses planned to cut jobs further during this year.
Of the 141 companies surveyed, 51% made redundancies in the past year. For Scottish firms, that was true of 63%.

In Scotland, 57% of companies surveyed within the industry and its supply chain said they had been severely or quite badly affected by the slump in oil prices, and 41% of firms across the UK.

For every one job created last year, they said that six had been lost.
A quarter of companies said they had grown by diversifying into other sectors. Larger firms are looking to decommissioning of North Sea equipment.
Small firms aim to gain more business from renewable energy investments. But there has been a drop in the expectations that business will come from the shale gas industry.

http://www.bbc.com/news/uk-scotland-scotla...99438558181#_=_

Murphy Malaysia is taking out their chopping knife again.

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Petronas Chemicals remains profitable and projects on track
May 28, 2016, Saturday

Read more: http://www.theborneopost.com/2016/05/28/pe.../#ixzz4ArFyGkmQ

KUALA LUMPUR: Petronas Chemicals Group Bhd (PCG) remains profitable despite the challenging environment while its projects are all progressing as planned, says Managing Director and Chief Executive Officer Datuk Sazali Hamzah.

He said plummeting crude oil price has had an impact on the group’s bottom line but business remained profitable as the company optimised and reprioritised its expenditure.

“We have intensified our focus on operational expenditure optimisation and reprioritised our capital expenditure spending in navigating through this tough time,” he said at the PCG-Media Meet & Greet 2016 Thursday night.

His speech was read, on his behalf, by the Chief Executive Office of Petronas Chemicals Marketing Labuan Sdn Bhd Akbar Md Thayoob, who is also PCG Head of Commercial.

Based on major project portfolio rationalisation and cost optimisation initiatives, he said its Sabah Ammonia Urea Project in Sipitang was on track for completion in the final quarter of this year which would propel PCG as the second largest granular urea producer in Southeast Asia.

Meantime, its three chemical specialty projects in Gebeng, Pahang, are also on track, namely the Integrated Aroma Ingredients complex, 2Ethyl Hexanoic Acid (2-EHA) and Highly Reactive Polyisobutene (HR-PIB) projects, undertaken by joint venture company BASF-Petronas Chemicals Sdn Bhd.

“I am pleased to inform you that all three projects are progressing as planned with the first plant under Integrated Aroma Ingredients Complex and 2-EHA to come on stream in 2016 while the HR-PIB plant is targetted to come on stream next year,” he said.

Sazali said the group was also excited to continue with its major investment in the Petronas Refinery and Petrochemical Integrated Development project in Pengerang, Johor, scheduled for operations in 2019.

He expressed PCG’s gratitude to the media for raising awareness about key issues surrounding the petrochemical industry, in particular.

Meanwhile, PCG recorded a pre-tax profit of RM896 million for the first quarter ended March 31, 2016 from RM843 million recorded in the same quarter of last year. — Bernama

bos, ayam noob dunno this pjt shale or what
didnt see any drilling so purely onshore refinery
epc for cfd is indonesian istana karang laut
next package nht+cru, ayam try to get cheap licensor summore
haha ayam cannot brain banggala oso

Cheap process licensor? KBR. Topsoe. UOP. JM Fomox. Too many to mention. Heyyy those licensor aint cheap bro hahahaha

yes not cheap but still have to compete.. for cru needed to pursue either wif axens or uop

Gangway Operator? For Tukau job?

Hess E&P Malaysia (HEPM)

Aku hanya mampu huhuhuhuhuhu jer tengok roles Lead Contract

UMW O&G


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Bro, check PM!

For mother Russia.

I know few Malaysian (QAQC Inspector) working in this project. Good rates, but very harsh working environment. Polar bear is your BFF


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Anyone heard about MVE Technologies sdn bhd?

PETRONAS/Conoco/Shell


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

Yet, the CEO received a huge bonus payout





sos

world is unfair, indeed

Put yourself in the CEO shoes. Will you axe the jobs?

Hi all, what does 'field specialist - handling for marine' do?