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 Oil & Gas Careers V10, Upstream & Downstream, Market slump ahead

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Stamp
post Jul 13 2016, 11:31 AM

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QUOTE(meonkutu11 @ Jul 13 2016, 10:20 AM)
What is the different with VSS and MSS?
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I think, VSS comes first. And after VSS and if there's still a need to let go people, then company offer MSS pulak.

Usually VSS's terms are better than MSS. Usually the good ones and long-term service staff will take up VSS.
meonkutu11
post Jul 13 2016, 11:38 AM

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QUOTE(Stamp @ Jul 13 2016, 11:31 AM)
I think, VSS comes first. And after VSS and if there's still a need to let go people, then company offer MSS pulak.

Usually VSS's terms are better than MSS. Usually the good ones and long-term service staff will take up VSS.
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Yes, and SVS? fancy new name with the not so good 'thing'.
sukhoi35mk
post Jul 13 2016, 11:43 AM

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QUOTE(meonkutu11 @ Jul 13 2016, 10:20 AM)
What is the different with VSS and MSS?
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Voluntary Separate Scheme/severance = everyone can apply but subject to management approval...
SVS = VSS - selective because u apply doesnt mean mgnt will approve..
Mutual Separate Scheme = jackpot or lucky draw...randomly select..... downsizing the work force where everyone is not willing to go.
retrenchment = company tutup semua must go...
redundancy = your service / expertise no longer needed...thank you...take the token of appreciation and head to the main door.

either VSS is better or MSS is better.... it's depend on that particular companies....

if u take any options above...HR will put a clause that u cannot join the company or any of the subsidiaries anymore.

This post has been edited by sukhoi35mk: Jul 13 2016, 11:47 AM
sukhoi35mk
post Jul 13 2016, 11:44 AM

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QUOTE(nash9701 @ Jul 13 2016, 10:22 AM)
I thought different company, not Petronas
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that's shell term for VSS wor... biggrin.gif
echobrainproject
post Jul 13 2016, 01:06 PM

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QUOTE(sukhoi35mk @ Jul 13 2016, 11:43 AM)
Voluntary Separate Scheme/severance = everyone can apply but subject to management approval...
SVS = VSS  - selective because u apply doesnt mean mgnt will approve..
Mutual Separate Scheme = jackpot or lucky draw...randomly select..... downsizing the work force where everyone is not willing to go.
retrenchment = company tutup semua must go...
redundancy    = your service / expertise no longer needed...thank you...take the token of appreciation and head to the main door.

either VSS is better or MSS is better.... it's depend on that particular companies.... 

if u take any options above...HR will put a clause that u cannot join the company or any of the subsidiaries anymore.
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since we are at this topic, what industries have your unfortunate friends have ventured into? I see mostl grab, uber, etc
TSmohdyakup
post Jul 13 2016, 01:20 PM

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QUOTE(echobrainproject @ Jul 13 2016, 01:06 PM)
since we are at this topic, what industries have your unfortunate friends have ventured into? I see mostl grab, uber, etc
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One of my friend who being retrenched from SLB are currently running food catering business at Kuching, and he make fortunes during Sarawak state election hehe
ZZMsia
post Jul 13 2016, 01:21 PM

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QUOTE(mohdyakup @ Jul 12 2016, 09:18 PM)
Aker recently won a front end job awarded from Idemitsu for gas field project at Vietnam.

http://www.ogj.com/articles/2016/07/idemit...ff-vietnam.html

I wonder if the execution will be done at KL or Norway office?
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I confirm KL office is doing this job..Surely a big job when it comes to EPCIC!!


TSmohdyakup
post Jul 13 2016, 01:23 PM

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QUOTE(ZZMsia @ Jul 13 2016, 01:21 PM)
I confirm KL office is doing this job..Surely a big job when it comes to EPCIC!!
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Thats good to hear. I sense recruitment will kickstart again soon *updating my CV profile*
prophetjul
post Jul 13 2016, 02:59 PM

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QUOTE(azraeil @ Jul 12 2016, 05:48 PM)
1st October, banyak kontrak nak kena terminate ni. The Opex is ridiculously high. I was told that even FPSO to Platform they use Chopper service. Seriously??? What gold plated nonsense is this. First thing to go.
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Gold plated contract. Risk ALL taken up by Petronas.
So cheaper to exercise buy option instaed of paying high charter rates
noiseemunkee
post Jul 13 2016, 03:02 PM

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ssb still undergoing retenchment? petronas heard from frens a few of the colleagues still kena vss recently.
ZZMsia
post Jul 13 2016, 03:31 PM

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QUOTE(noiseemunkee @ Jul 13 2016, 03:02 AM)
ssb still undergoing retenchment? petronas heard from frens a few of the colleagues still kena vss recently.
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its over 2 years.

nash9701
post Jul 13 2016, 04:09 PM

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QUOTE(sukhoi35mk @ Jul 13 2016, 11:44 AM)
that's shell term for VSS wor...  biggrin.gif
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Haha, i know, saw the mail,
hassan_hussein
post Jul 13 2016, 05:44 PM

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is it shell in miri? one more thing, does anyone who is working in shell knows the graduate shell program for engineering still ongoing or not?
mhyug
post Jul 13 2016, 06:25 PM

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QUOTE(LOOLYAT @ Jul 13 2016, 09:21 AM)
Bergading CPP? Yup still, and delayyy
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bergading A and satellite done and installed. recently they installed the kesumba satellite topside.
LOOLYAT
post Jul 13 2016, 08:21 PM

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QUOTE(mhyug @ Jul 13 2016, 06:25 PM)
bergading A and satellite done and installed. recently they installed the kesumba satellite topside.
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Yup. for satellite platform seems going smoothly. The CPP constructed in Hyundai yard in Korea. They delayed more than 40% I heard. But there also one project construct locally also delayed quite bad I heard brows.gif
azraeil
post Jul 13 2016, 08:40 PM

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Now SLB got SUE programme. Suspended Employment fro August to January 2017. No pay. Dasat
TSmohdyakup
post Jul 13 2016, 08:53 PM

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QUOTE(azraeil @ Jul 13 2016, 08:40 PM)
Now SLB got SUE programme. Suspended Employment fro August to January 2017. No pay. Dasat
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sweat.gif sweat.gif sweat.gif sweat.gif sweat.gif
BaRT
post Jul 13 2016, 10:09 PM

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THHE will let go the KNPG-P2 & FPSO contract to others.
But still not tutup kedai, katanya nak buat vessel plak...wakakaka
shaunkL
post Jul 13 2016, 10:23 PM

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Anyone working in SINOPEC Malaysia?
How the working environment?
TSmohdyakup
post Jul 13 2016, 10:23 PM

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QUOTE(BaRT @ Jul 13 2016, 10:09 PM)
THHE will let go the KNPG-P2 & FPSO contract to others.
But still not tutup kedai, katanya nak buat vessel plak...wakakaka
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Naval combat vessel and commercial freighter... Tapi... even newbuild ship construction pun slow sekarang... Takde demand in the market... Hehehehe

Unless its for our royal navy

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