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re: Shell to ax thousands of Jobs
Posted on 7/30/15 at 9:51 pm to LasVegasTiger
Posted on 7/30/15 at 9:51 pm to LasVegasTiger
Our company has a pretty substantial portion of our revenue tied up with Shell / Motiva and our contract is up for renewal at the end of the year. Probably gonna be rough. 
1
Posted on 7/30/15 at 10:13 pm to BobRoss
Nobody likes the safety guys either. They come around and spew some nonsense about how you should wear the proper PPE when you take a shite and then they leave and you go back to work
Posted on 7/30/15 at 10:24 pm to bcoop199
quote:
I find it hilarious that oil is the only product that has incredible demand around the world but people EXPECT to not just stay at the same price
Technology - primarily hardware. You have to reinvent and revaluate and adjust every 2-3 years. Your balls are always being squeezed in that industry. And software is not exempt either.
Posted on 7/30/15 at 10:25 pm to Dire Wolf
This sucks
Posted on 7/30/15 at 10:38 pm to fisherbm1112
Posted on 7/30/15 at 11:01 pm to MNCscripper
Chevron Lafayette office is closing, pretty soon I think, before end of the year for sure.
Posted on 7/31/15 at 4:56 am to malvin
Newsflash: Conoco, Exxon and a host of smaller operators are all planning layoffs.
A few companies will go bankrupt. Petroleum engineering enrollment will drop off a cliff and the cycle will repeat.
A few companies will go bankrupt. Petroleum engineering enrollment will drop off a cliff and the cycle will repeat.
Posted on 7/31/15 at 6:38 am to LSUJML
quote:
by LSUJML Chevron Lafayette office is closing, pretty soon I think, before end of the year for sure.
By the end of 2016 is what I heard
Posted on 7/31/15 at 6:40 am to MikeD
quote:
Our company has a pretty substantial portion of our revenue tied up with Shell / Motiva and our contract is up for renewal at the end of the year. Probably gonna be rough.
We just renewed a contract with Motiva
What kind of business you do with them?
Posted on 7/31/15 at 6:49 am to jlu03
No but my dad retired from them and my brother and sister in law work there.
I fit in much better with smaller companies with less corporate BS
I fit in much better with smaller companies with less corporate BS
Posted on 7/31/15 at 7:20 am to snake23
quote:
Nobody likes the safety guys either. They come around and spew some nonsense about how you should wear the proper PPE when you take a shite and then they leave and you go back to work
They are trying to prevent people from getting hurt. Besides at my plant, if you don't follow the safety rules they will throw you out real quick.
Safety issues raise costs and delay work significantly.
Posted on 7/31/15 at 7:25 am to yellowfin
I work for Major oil....no talks of cuts, cut some project work for expansion is all. made almost 4 billion this quarter profit. You also have to see the other side, our company is using this downturn to buy other companies that cant make it at a low cost and will reap benefits when prices go back up. Plus alot of the cuts come from selling off smaller owned ventures that may have a thousand employees, now you just cut 1000 employees when you sell. they still have jobs, just not with your company. invest and divest when it counts and do it at right time.
Posted on 7/31/15 at 7:29 am to michaeldmzscout
But what was your profit in last year's Q2?
I work in Capital Goods (equipment) and we made a good bit this Q, but b/c it's off YoY, everyone is cutting.
I work in Capital Goods (equipment) and we made a good bit this Q, but b/c it's off YoY, everyone is cutting.
This post was edited on 7/31/15 at 7:30 am
Posted on 7/31/15 at 7:34 am to subMOA
since I work in downstream we are a little different.....our last year was 1.4 billion profit i believe. tripled it this quarter. yes company is laying off peopel but most production units dont see that, this is where the money comes from!
Posted on 7/31/15 at 7:48 am to RedRifle
quote:
You'll have a good time. Full of French expats.
Looks similar to Akwa Palace here in Douala. It looks like a dump outside but the pool area inside is shockingly nice with a surprise amount of "window dressing".
Posted on 7/31/15 at 7:53 am to michaeldmzscout
quote:
cut some project work for expansion is all
This leads to layoffs elsewhere...
quote:
using this downturn to buy other companies
This typically leads to cuts on the overhead side of the purchased company.
quote:
selling off smaller owned ventures that may have a thousand employees, now you just cut 1000 employees when you sell. they still have jobs,
See above.
When the oil companies start letting people go the contractors that work for said oil companies tend to suffer way worse. This includes construction, maintenance, engineering etc.
Posted on 7/31/15 at 8:00 am to redstick13
quote:
You'll have a good time. Full of French expats.
Since you guys are still here- I'll add....
I started my career there in 1999. Lugging my bags up 14 flights of stairs when the power was off was no picnic. The bar at the top is gold- as is the pool.
Have a Gold Harp- remember...
Government Officials Like Drinking Heavy After Receiving Payment
Posted on 7/31/15 at 8:01 am to CocomoLSU
quote:
Such bullshite. O&G have been turning record profits basically every quarter for over a decade, yet they can't afford to keep their workers on payroll?
Sucks for those workers, and they should be livid at Shell.
Previous profits don't factor into the equation, only future profits. When industry activity drops by over 50% you have to make cuts. Personnel costs are one of the biggest and easiest to control.
Posted on 7/31/15 at 8:05 am to subMOA
quote:
I started my career there in 1999. Lugging my bags up 14 flights of stairs when the power was off was no picnic
It beats getting stuck in the elevator. This is why my apartment is on the 1st floor (2nd floor in the US). I can take the stairs.
Posted on 7/31/15 at 8:15 am to dpd901
quote:
My son is about to start a Petroleum Safety program
When layoffs and cutbacks begin, safety is among the first groups to go. I actually made it through several layoffs, but they finally got me last month. Fortunately, my experience in another field allowed me to go back to work the next week, although with less pay. Instead of just petroleum safety, he should get all the safety, health and environmental education he can...general induatry, construction and etc to be marketable in other industries.
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