I’m looking for an Ops Eng (onshore) for Drillship with more than 5 years experience working for drilling contractor especially in deepwater operations. Please send me your CV. Thanks.

If this order is continue, most likely the rig operations will be suspended.
no foreign even with work permit, long stay pass, etc allowed to enter Malaysia and was informed by our crew coordinator that Sarawakian also not allowed to travel to KLIA.

Any possibility Operating company will be using force majeure to terminate the contracts?


Oil price also doesn't seem to increase any time soon.

😱


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Shelf Drilling Rigs received early termination. 2 rigs within a week.

https://www.offshoreenergytoday.com/another...gs-jack-up-rig/

Borr Drilling also received early termination for their 3 rigs in Nigeria...

More to come....

This post has been edited by meonkutu11: Mar 23 2020, 10:49 PM

leaked video shows service company ceo discuss 200 job losses in aberdeen

https://www.energypeople.com/news/story/sho...ses-in-aberdeen

PENGUMUMAN❗❗❗

Jabatan Perangkaan Malaysia (DOSM) sedang menjalankan dua Survei Khas iaitu ‘Kesan COVID-19 Kepada Ekonomi dan Individu (Pusingan 2) dan ‘Kesan COVID-19 Kepada Ekonomi dan Syarikat/Firma Perniagaan (Pusingan 1)’ yang bermula pada 10 hingga 24 April 2020 secara atas talian.

Bagi Survei Khas ‘Kesan COVID-19 Kepada Ekonomi dan Individu (Pusingan 2), DOSM sekali lagi memohon kerjasama semua penduduk Malaysia yang berumur 15 tahun ke atas untuk menyertai survei ini melalui pautan berikut https://bit.ly/SurveiCOVID19DOSMpusingan2

Manakala bagi Survei Khas ‘Kesan COVID-19 Kepada Ekonomi dan Syarikat/Firma Perniagaan (Pusingan 1)’, semua syarikat/perusahaan di Malaysia dipelawa menyertai Survei ini melalui pautan berikut https://bit.ly/SurveiCOVID19DOSMsyarikat

Perhatian dan kerjasama semua dalam memberi respons serta menyebarluaskan pemakluman survei ini amatlah dihargai.

Sama-sama kita membantu negara menangani krisis COVID-19.

#StatsMalaysia
#StayAtHome
#PrayForMalaysiaAndAll
#MalaysiaPerangiCOVID19

https://business.financialpost.com/pmn/busi...eep-local-capex

Any local O&G companies (operators, contractors, services companies) already doing salary reduction, VSS, retrenchment, etc?

Houston-based Weatherford International laying off 6,000 workers
"This is the largest workforce cut done at one time amid the COVID-19 outbreak."
"Total headcount reductions across North American operations and the global support structure of 38 percent and 25 percent, respectively."
https://abc13.com/weatherford-weahterford-l...s-jobs/6108315/

Sapura Energy


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“The unemployment rate in March 2020 increased to 3.9 per cent, highest since June 2010 (3.6 per cent). The high unemployment rate in March 2020 reflects the negative impact of MCO on the labour market.

https://www.malaymail.com/news/malaysia/202...er-just/1864240

I guess this will be worse than last downturn. This time is combination oil price and covid19 which everyone know.

Look in LinkedIn many people lost their employments and looking for new job. Even people in Silicon Valley effected by this situation.

Pray for the best for all of us.

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Here is the link to join the Telegram group: https://lnkd.in/ge6NNmN

This post has been edited by meonkutu11: May 17 2020, 04:55 PM


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Petronas' capex cut another shock to local O&G companies


“The lower capex would translate into greater job deferments and fewer contracting opportunities, impacting fabricators (Sapura Energy Bhd as well as Malaysia Marine and Heavy Engineering Holdings Bhd), hook-up and commissioning works (Dayang Enterprise Holdings Bhd and Carimin Petroleum Bhd), drilling activities (Velesto Energy Bhd) as well as FPSO (floating production storage and offloading) activities (MISC Bhd and Yinson).

“Meanwhile, the lower opex could also exert margin and pricing pressures on local-centric contractors and services providers (Dayang and Uzma Bhd). Overall lower offshore activities could also translate into slower OSV (offshore support vessel) demand, impacting players such as Perdana Petroleum Bhd, Icon Offshore Bhd and Alam Maritim Resources Bhd.”

https://www.theedgemarkets.com/article/petr...BAzq7s.facebook

Aker S@lutions?

Closed

Good time to buy XOM or CVX stocks? 😊

Vacancy..for those who are interested


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We use Rig Medic from International SOS. Many other drilling contractors do the same. Can check website to see the qualifications.