Heard that Petronas has plans to cut another 5000 staff early next year!
Oil & Gas Careers V12 - Upstream & Downstream, Market still slump, slow, snail pace...
Oil & Gas Careers V12 - Upstream & Downstream, Market still slump, slow, snail pace...
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Sep 18 2017, 09:51 AM
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#21
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Heard that Petronas has plans to cut another 5000 staff early next year!
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Sep 18 2017, 04:32 PM
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#22
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QUOTE(feekle @ Sep 18 2017, 02:50 PM) http://syedsoutsidethebox.blogspot.my/Friday, September 15, 2017 Petronas To Lay Off Another 5000 Staff, Taxpayers Will Become 2.1 Million Less 5000 People in the know (in this case they work with Petronas) say that Petronas is planning another round of staff reduction early next year. Petronas meaning the group. Its a cost cutting exercise to save Petronas plenty money. First to go will be about 1000 contract staff, including contractors. Then that will be followed by up to another 4000 staff at Petronas and its subsidiaries. Talk is staff who have worked 5 - 10 years (middle management level?) will be let go. These will be folks in the (up to) RM10,000 salary per month category. If we take RM10,000 as the average, this exercise will save Petronas over RM40 million per month !! Or RM480 million a year. Including savings in EPF contributions , staff insurance etc the savings could be RM500 million a year. That is a lot of money. This post has been edited by Stamp: Sep 18 2017, 04:39 PM Attached thumbnail(s) |
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Sep 19 2017, 05:46 PM
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#23
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Sep 19 2017, 05:48 PM
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#24
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Sep 21 2017, 08:31 AM
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#25
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Sep 21 2017, 12:57 PM
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#26
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Sep 23 2017, 01:15 PM
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#27
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QUOTE(meonkutu11 @ Sep 23 2017, 12:24 PM) WOW!!!CHEAP2😱😱😱 The power of competitive bidding! 👍Petronas hires ultra-deepwater drillship at $170k per day Pacific Drilling has reportedly found work for its Pacific Santa Ana drillship which has been out of work since January. According to VesselsValue, the contract for the 2011-built drillship is with the Malaysian oil and gas giant Petronas. The contract is for six months, and is expected to start late in November 2017, ending late in May 2018. The marine intel information website has informed that the dayrate for the contract has been set at $170,000. For comparison, in its previous long term contract with Chevron, which ended in January 2017, the rig had a dayrate of more than $ Petronas hires ultra-deepwater drillship at $170k per dayCash-strapped Pacific Drilling has reportedly found work for its Pacific Santa Ana drillship which has been out of work since January According to VesselsValue, the contract for the 2011-built drillship is with the Malaysian oil and gas giant Petronas. The contract is for six months, and is expected to start late in November 2017, ending late in May 2018. The marine intel information website has informed that the dayrate for the contract has been set at $170,000. For comparison, in its previous long term contract with Chevron, which ended in January 2017, the rig had a dayrate of more than $480.000.😭😭😭 |
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Sep 24 2017, 12:16 PM
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#28
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Oct 4 2017, 08:14 AM
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#29
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QUOTE(sangarjuna @ Oct 3 2017, 05:13 PM) now they already technipFMC. last time bid and won quite nmber of offshore projects. now they bid onshore project as well. heard they got LOI for the big long son project in vietnam. good to keep them alive probably technip bid for ALL engineering projects, whether on land or offshore. even at one time, kilang papan turnkey pun they bidded. This post has been edited by Stamp: Oct 4 2017, 08:14 AM |
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Oct 9 2017, 10:12 AM
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#30
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QUOTE(mohdyakup @ Oct 8 2017, 07:20 AM) And what happen to Petronas shale gas venture at Argentina via JV with YPF? Anyone can shade some light? I pray that the Argentinian govt will not repeat to Petronas what it did to REPSOL's JV with YPF a few years back (nationalise REPSOL's asset in Argentina).http://www.bbc.com/news/world-latin-america-27549309 |
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Oct 12 2017, 08:32 AM
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#31
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QUOTE(ZZMsia @ Oct 11 2017, 06:03 PM) Sometime back, when we were doing pre-bid clarifications for all the EPC bidders, I found THHE's representatives to be quite arrogant. The irony was the bigger fabricators were more subdued and composed. Oh boy, were we glad that THHE did not win the bid. |
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Oct 16 2017, 03:02 PM
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#32
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Mubadala Petroleum is actively recruiting now.
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Oct 17 2017, 11:03 AM
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#33
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QUOTE(hakim1994 @ Oct 17 2017, 10:58 AM) http://www.mubadalapetroleum.com/next time google ler.... good thing im in a charitable mood this morning. |
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Oct 18 2017, 09:52 AM
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#34
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QUOTE(mohdyakup @ Oct 18 2017, 07:58 AM) Somet, being Sarawak based company, ada advantage in the manpower bid for Pegaga (in SK waters)?It’s an open secret that Malaya fabricators nowadays can only gigit jari seeing fabrication contracts for platforms in SK waters go to “Malaysian partners” in the east. Their wish is for GE to be as early as possible. This post has been edited by Stamp: Oct 18 2017, 10:22 AM |
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Oct 23 2017, 11:19 PM
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#35
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Oct 24 2017, 09:27 AM
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#36
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QUOTE(noiseemunkee @ Oct 23 2017, 11:06 PM) but it does not commensurate with the salary. its employers' market now, sale! sale! sale! come to think of it, MubadalaP is able to tap the cream of malaysia oil & gas engineers/managers at cheaper rate now. imagine the competition, especially from malaysian oil&gas engineers who had to come back from abroad after losing their jobs, to find jobs in Malaysia. but MubadalaP might run the risk of losing those it recruits now when the market improves in a year. those engineers/managers may jump ship to join other PAC project teams with better salaries. This post has been edited by Stamp: Oct 24 2017, 09:35 AM |
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Oct 24 2017, 01:47 PM
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#37
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Oct 24 2017, 04:14 PM
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#38
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Oct 24 2017, 08:30 PM
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#39
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Oct 25 2017, 12:23 PM
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#40
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QUOTE(noiseemunkee @ Oct 24 2017, 02:57 PM) i am inclined towards being more pessimistic. recovery in my view will be in mid to longer term range, say 5 years or longer. primarily because to kick off a new project when industry began to show recovery may lag by another 1-2 years after the recovery signs and time taken for acceptance of these signs by the companies. so the momentum to recover will be rather slow at the beginning hindered by lagging effect and time taken to change the sentiment. and oh there is also the battle among the titans, opec vs shale oil may just dampen oil price recovery as in my view they will just offset each other impacts onto the market and price further in future. tepuk dada, tanyalah selera. |
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