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re: I heard layoffs happened at Schlumberger today
Posted on 1/13/15 at 6:04 pm to REB BEER
Posted on 1/13/15 at 6:04 pm to REB BEER
quote:drilling contractors are slashing rates in half from what I hear
I work for a company that services O&G platforms and we have received letters from 2 companies stating that they expect to see decreases in our rates so they can keep their profit margins where they need to be.
0
Posted on 1/13/15 at 6:05 pm to glassman
Really the only aspect of my business that will be effected is the offshore, the inland market shall remain steady enough to weather the storm. Lower fuel cost is actually a benefit to the transportation side of my business, not so good on the O&G side.
Posted on 1/13/15 at 6:06 pm to saintforlife1
Do you mean Halliburton?
Posted on 1/13/15 at 6:07 pm to tgrbaitn08
quote:I'm not so sure. I hope so, but we've been monitoring activity in south Louisiana for the last few months and drilling activity has really tapered off
Really the only aspect of my business that will be effected is the offshore, the inland market shall remain steady enough to weather the storm.
Posted on 1/13/15 at 6:07 pm to glassman
quote:
Their profit margins need to go up with declining revenues, or they will be out of business if this doesn't turn around.
I am not shutting down any business that is making a profit
Posted on 1/13/15 at 6:07 pm to tgrbaitn08
Yep. Lower fuel prices have the shrimp boat market on fire. Setting up to be the best spring for us in a long time. It will be a bit diminished with the offshore housing and marble/construction problems coming for Lafayette/New Iberia/Morgan City.
Posted on 1/13/15 at 6:08 pm to glassman
You know I'm bullet proof when it comes to jobs
Though I did tell my older sister I was taking her room at my dad's since she's been staying at her mom's and I want to live on dad's dime too. Lazy fricks
Funny aside. My younger sister texted me this today
/hijack
Though I did tell my older sister I was taking her room at my dad's since she's been staying at her mom's and I want to live on dad's dime too. Lazy fricks
Funny aside. My younger sister texted me this today
quote:
Dad told me this morning if I get pregnant again im out of the house...... who does that????
/hijack
Posted on 1/13/15 at 6:08 pm to REB BEER
Everyone is getting beat up on price
Posted on 1/13/15 at 6:10 pm to glassman
Offshore housing is transitioning to aluminum anyway
Posted on 1/13/15 at 6:10 pm to ForeverLSU02
Wow. Holy shite. Rethink your future?
I heard cimarex just laid down all their permian rigs
I heard cimarex just laid down all their permian rigs
Posted on 1/13/15 at 6:10 pm to lsu480
quote:
I am not shutting down any business that is making a profit
The problem is will they be able to grab the higher margins? My industry has been hurt pretty badly since 2008. We had to respond by raising prices on certain items to keep our margins where they have to be to sustain profitability. Lower sales means higher margins are vital to staying afloat.
Posted on 1/13/15 at 6:12 pm to Paige
quote:
Dad told me this morning if I get pregnant again im out of the house...... who does that????
Birth control?
Posted on 1/13/15 at 6:13 pm to glassman
She said she needs to get back on the shot
She needs to get on condoms. I wonder if my dad knows she has herpes
She needs to get on condoms. I wonder if my dad knows she has herpes
Posted on 1/13/15 at 6:13 pm to yellowfin
quote:
Offshore housing is transitioning to aluminum anyway
In some ways. X-ray testing isn't. My biggest offshore housing guy still has a lot of work to do. But, that could just be cancelled with an accountant's pen.
Posted on 1/13/15 at 6:14 pm to Paige
TMI, Paige...
Posted on 1/13/15 at 6:15 pm to ForeverLSU02
The company I work for now has so many jobs for people from here to Australia. If you are ever are looking for something let me know and I will be glad to direct you to people who can hook you up.
Like I tell my friends, pipe is pipe and it doesn't care if it's carrying oil or LNG.
Like I tell my friends, pipe is pipe and it doesn't care if it's carrying oil or LNG.
Posted on 1/13/15 at 6:16 pm to Paige
Had a meeting today and we cut back from 6 drilling rigs on the shelf to 2. This is not a good sign for me. 
Posted on 1/13/15 at 6:16 pm to tgrbaitn08
quote:
If saving $30 a month is that big of a deal then I feel sorry for you.
And what if ALL of our employers each had he ability to raise every consumers expenses by $x amount while taking in record setting profits? What if we all did it at same time as oil?
O&G employment isn't some charity that the American public is obligated to fund. Equilibrium dictates fewer jobs in that market.
If I work for a pet food company and I tell you guys to pay $100/big bag of dog food do you give a frick if I lose my job when you choose not to?
Posted on 1/13/15 at 6:18 pm to Paige
What if a black knocks her up?
Posted on 1/13/15 at 6:19 pm to Bushmaster
quote:
Bushmaster
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