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 Oil & Gas Careers V12 - Upstream & Downstream, Market still slump, slow, snail pace...

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Stamp
post Sep 18 2017, 09:51 AM

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Heard that Petronas has plans to cut another 5000 staff early next year!


Stamp
post Sep 18 2017, 04:32 PM

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QUOTE(feekle @ Sep 18 2017, 02:50 PM)
any credible source for this ?
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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.

hmm.gif

This post has been edited by Stamp: Sep 18 2017, 04:39 PM


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Stamp
post Sep 19 2017, 05:46 PM

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QUOTE(kucinggemok @ Sep 19 2017, 01:02 PM)
Semua tengah carik kerja braderrrr.

Hari hari bukak linkedin, indeed , jobsadvertog , leap29, rigzone bla bla bla
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You hit the nail on its head! biggrin.gif
Stamp
post Sep 19 2017, 05:48 PM

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QUOTE(ZZMsia @ Sep 19 2017, 07:59 AM)
PETRONAS has denied this.

The least Syed AKbra could do is to republish their denial.
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We should wait until next year whether it becomes a reality or it was just another rumours purported by anti-BN cybertroopers in the run up to GE14.
Stamp
post Sep 21 2017, 08:31 AM

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QUOTE(jianh @ Sep 21 2017, 12:00 AM)
Petros looking for CEO

user posted image
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Strange ad.

Usually, for a top position in a company, a professional head hunter is appointed to find the right candidate for the CEO. And a professional head hunter does not normally advertise this position in media. hmm.gif
Stamp
post Sep 21 2017, 12:57 PM

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QUOTE(mohdyakup @ Sep 21 2017, 09:36 AM)
I just found out that Gmail email is own by Petros chairman, Tan Sri Hamid Bugo.

Lelz.

Pandei2 lah kitak orang berbudi bahasa bila ngantar cv. Hehe.
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seriously, Chairman got time to view the many CVs? hmm.gif
Stamp
post Sep 23 2017, 01:15 PM

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QUOTE(meonkutu11 @ Sep 23 2017, 12:24 PM)
WOW!!!CHEAP2😱😱😱

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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The power of competitive bidding! 👍

Stamp
post Sep 24 2017, 12:16 PM

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QUOTE(nakjadiDE @ Sep 21 2017, 02:43 PM)
genesis oil tu under technip is it?
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Yes. It's specialise in concept and front end engineering. I had worked with them before, they had very good process engineers.
Stamp
post Oct 4 2017, 08:14 AM

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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
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technip bid for ALL engineering projects, whether on land or offshore. even at one time, kilang papan turnkey pun they bidded. biggrin.gif

This post has been edited by Stamp: Oct 4 2017, 08:14 AM
Stamp
post Oct 9 2017, 10:12 AM

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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?
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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
Stamp
post Oct 12 2017, 08:32 AM

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QUOTE(ZZMsia @ Oct 11 2017, 06:03 PM)
Not sure boss
This article is another one reason for people to work with thhe hehehee
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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.
Stamp
post Oct 16 2017, 03:02 PM

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Mubadala Petroleum is actively recruiting now.
Stamp
post Oct 17 2017, 11:03 AM

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QUOTE(hakim1994 @ Oct 17 2017, 10:58 AM)
Ada email boss?
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http://www.mubadalapetroleum.com/

next time google ler.... good thing im in a charitable mood this morning. nod.gif
Stamp
post Oct 18 2017, 09:52 AM

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QUOTE(mohdyakup @ Oct 18 2017, 07:58 AM)
Dengan profile kau sekali aku jual kat diorang hahahaha
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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
Stamp
post Oct 23 2017, 11:19 PM

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QUOTE(Alberty787 @ Oct 19 2017, 05:59 PM)
Petroleum Eng freshie here...

Any vacancy ??
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Go look it up. No spoon feeding here.
Stamp
post Oct 24 2017, 09:27 AM

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QUOTE(noiseemunkee @ Oct 23 2017, 11:06 PM)
but a lot of contract position. requirement oso gila2 tinggi
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but it does not commensurate with the salary. its employers' market now, sale! sale! sale! biggrin.gif

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
Stamp
post Oct 24 2017, 01:47 PM

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QUOTE(DuFfz @ Oct 24 2017, 11:35 AM)
will the market improve?
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yes, i am optimistic that the market will improve. it's only a matter of time (1-2 years?).


Stamp
post Oct 24 2017, 04:14 PM

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QUOTE(syirbiznatch @ Oct 24 2017, 04:03 PM)
I got called for interview at Hibiscus Petroleum as HR. What do you think? Should I join back O&G?
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just attend the interview. a friend also just joined the company.
Stamp
post Oct 24 2017, 08:30 PM

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QUOTE(syirbiznatch @ Oct 24 2017, 04:21 PM)
Ahh.. Mind sharing what are the question? So the company is good to join is it?
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Sorry I don’t know the questions asked to my friend.

How could I know?
Stamp
post Oct 25 2017, 12:23 PM

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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.
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tepuk dada, tanyalah selera.

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