I heard about the latest round of layoffs from Hess. Good luck guys/gals out there, at least the market is picking up so getting another job might not be as tough.

Hess cuts 300 jobs worldwide

This post has been edited by tishaban: Jan 26 2018, 09:46 AM

Yes from what I've heard.

Yes I leave it blank. They can ask me and I will usually say that I don't discuss that in the first interview. If insisted I will give a range.

I guess that's the followup after their EPCIC warranty period is over.
Good news for Barakah.

WSJ was saying that at current production rates, there'll be an oil surplus by 2019. Look for crude prices to go lower Unfortunately not great news for retrenched people like me looking to get back into the industry though

I recall about 1+ years ago, the strategy for the company that I worked at was based on US$50 oil. If a company cannot be profitable with $60+ oil after so many years of severe cost cutting it really shouldn't be in the oil and gas industry.

I was that client last 1-2 years. We had to work with the subcontractor directly as the offshore installation was already behind schedule and having an extra layer between us and the subcontractor would've made communications far more difficult. Yes I did keep the EPCIC in the loop in all communications, legality is one thing, but we kept reminding all the stakeholders involved that the main objective for everyone is to finish the project on time so that everyone can get paid. If me contacting the subcontractor directly would get work done on time and under budget, then that's what we would do. On the subcon side, they dutifully reported back to the EPCIC all they did.

There were tense situations, EPCIC wanted to overcharge us a few million USD for work that was actually done without adding man days to the already packed schedule. Happily nobody was offended for long and I enjoyed eating kimchi

DJIA, Nasdaq, commodities, BTC all are falling in tandem. It's not specific to crude. Not great for the global economy in general.

If I recall it's 3 WHP, should be larger than phase 2

Where I was before, the pressure was from US based investors wanting Hess to focus on US based assets instead
Can't comment on the Petronas factor though

I think it's more of a derogatory description. Kalau kat US they use FOB = fresh of the boat

Lower for longer looks like much much longer now...
Best of luck everyone

If you have symptoms don't travel offshore. The OIM will understand, it's part of EHS/HSE/SHE
Get well soon!

I suggest that you check with your safety officer.
If you're the only person who can do that role then someone needs to have a long talk with planning/ops.

Yep. We're facing the double whammy of low Brent/WTI price plus low demand for oil/gas over the next few quarters... Not looking good.

Wow, all the best to the Sapura Energy people

Weak sector + weak economy = more job rejections. Most recently by a PSC yesterday. Oh well, have to continue looking for opportunities.

Where did you graduate from? Most universities have career services that can you put you in touch with recruiters in your chosen field. Sometimes they have university alumni helping out too. This should be your first step.

But I'm going to echo what someone already said, bad timing and it's not getting better for some years to come. All the best!

This post has been edited by tishaban: Oct 22 2020, 12:23 PM

MITI has announced that oil and gas is an essential industry and allowed to continue. Hopefully the confirmed projects will continue
But yes, local demand will drop, I expect the MCO will be lifted sooner rather than later

I'm still hoping to get a job soon

This post has been edited by tishaban: Jan 13 2021, 10:37 AM

Certainly not a stupid question.

Where I was before we did hire analysts (junior positions) for analysis. I worked for one of the upstream operators but we were lean so data analysis wasn't a standalone role and was parked either under economics or sometimes production systems.