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Started By
Message
re: Oil and Gas Industry Layoffs Accelerate with Lower Prices
Posted on 10/24/25 at 6:44 pm to GREENHEAD22
Posted on 10/24/25 at 6:44 pm to GREENHEAD22
A guy I know was a week a away from 35 years with baker and they showed him the door. Can pay younger guys cheaper. It’s gonna get worse before it gets better. We need stable $75 oil
This post was edited on 10/24/25 at 11:39 pm
0
Posted on 10/24/25 at 7:06 pm to ragincajun03
Condolences to anyone who gets cut having been there myself. But this isn’t unique or unusual. There isn’t an industry around that doesn’t seek to maximize profits by operating as lean as they can. And we all
Know one or two people who aren’t worth their salary. You better be damn good at your job or awfully eager in today’s job market. And neither is a guarantee you won’t get axed.
Know one or two people who aren’t worth their salary. You better be damn good at your job or awfully eager in today’s job market. And neither is a guarantee you won’t get axed.
Posted on 10/24/25 at 7:22 pm to ragincajun03
I left a major about 6 months ago and got out of O&G altogether, I had been through rough patches but the tone on this one was different. I think the exec level is being sold something of a bill of goods on what AI is going to do for them, but won’t realize it for a few more years.
Posted on 10/24/25 at 7:30 pm to TheDrunkenTigah
I am in Oil and Gas, it doesnt look too promising right now, even on a Rig with a contract, they are already asking every contractor to send them reports on how they can cut staff.
"Remote in to work on the rig basically"
Its crazy.
"Remote in to work on the rig basically"
Its crazy.
Posted on 10/24/25 at 7:31 pm to TBoy
Trumps economic policies continue to destroy our economy
Is any industry doing good? Besides cattle
Is any industry doing good? Besides cattle
Posted on 10/24/25 at 7:57 pm to deltaland
quote:
Is any industry doing good? Besides cattle
Got that Argentina beef going to take care of that.
Refining side of O&G is actually doing pretty good. Look at pure refiners for Q3 and Q4. 2026 Q1 isn't looking as bleak either.
Posted on 10/24/25 at 7:59 pm to ragincajun03
They are shipping all of their jobs overseas, just like the engineering companies.
Exxon, BP, and Shell to India. Chevron to Columbia
Exxon, BP, and Shell to India. Chevron to Columbia
Posted on 10/24/25 at 8:13 pm to TheDrunkenTigah
Unless new areas offshore are opened, the US oil industry will be in decline in the next ten years. Their not replacing reserves fast enough.
The CEOs are chasing stock price. They are doing this by shifting work to the third world, firing US workers, squeezing vendors, travel and anything else that will make you job harder or less satisfying.
They have poisoned the well of employees giving a shite about the company.
The CEOs are chasing stock price. They are doing this by shifting work to the third world, firing US workers, squeezing vendors, travel and anything else that will make you job harder or less satisfying.
They have poisoned the well of employees giving a shite about the company.
Posted on 10/24/25 at 8:16 pm to ragincajun03
We have 100+ rigs working in the south and west Texas area. We hiring right now but it's based on who you know.
Posted on 10/24/25 at 8:20 pm to LSU4lyfe
quote:
Shell to India
They also have a large workforce in the Philippines. The last five years they have also started moving jobs to Poland as well.
Posted on 10/24/25 at 8:21 pm to LSU4lyfe
Chevron is going the India route as well. It’s all just a dry run for AI doing all the engineering and troubleshooting. The lesson they’re going to learn the hard way is that sometimes flow picked up cause T-Roy left a bleeder open completely unrelated to what he was supposed to be working on, and no AI model looking at trend data is going to be able to make heads or tails of it.
Posted on 10/24/25 at 8:25 pm to FOBW
quote:
They have poisoned the well of employees giving a shite about the company.
The pool of interns tells the tale. Everyone who can stay out of O&G is doing so now. Jobs that used to have a dozen qualified applicants are taking months to fill.
Posted on 10/24/25 at 8:46 pm to Motownsix
quote:
God give me one more oil boom and I promise I won’t piss it away this time.
Been there, done that. 8 years of it and I got a job with DoD shortly after my first kid was born. Figured stability was much more important for my family.
Posted on 10/24/25 at 9:47 pm to ragincajun03
Get in on the offshore operations side and perform well at your job and you will have a stable job as long as you want. Stay as close to the wellhead as possible and you will never anything to worry about.
AI can’t work a pipe wrench and is nowhere close to being able to having the level of complex thinking that can operate a process system.
AI can’t work a pipe wrench and is nowhere close to being able to having the level of complex thinking that can operate a process system.
Posted on 10/24/25 at 10:05 pm to ragincajun03
Most all of these cuts were already announced, some last year and even 2023, and mostly all due to acquisitions and redundant roles.
Service companies would be the first ones to start making new cuts given the price environment.
Service companies would be the first ones to start making new cuts given the price environment.
Posted on 10/24/25 at 11:09 pm to ragincajun03
Ok but cheaper fuel means goods are cheaper. Factories can run more efficiently. Industrial processes don’t have as much costly input.
This is key to reshoring and lowering inflation.
This is key to reshoring and lowering inflation.
Posted on 10/25/25 at 8:56 am to jcaz
quote:
cheaper fuel means goods are cheaper. Factories can run more efficiently. Industrial processes don’t have as much costly input
Oh....you don't want to look at nat gas futures if you have this view.
Posted on 10/25/25 at 9:20 am to Motownsix
quote:
When was the last time something like this happened? What’s the thing in common?
Republican President lowering energy prices for the good of Americans?
Posted on 10/25/25 at 12:12 pm to ragincajun03
The cure for low oil prices, is low oil prices.
This post was edited on 10/25/25 at 12:29 pm
Posted on 10/25/25 at 12:43 pm to Spankum
quote:same here. I did Chem-E as oil was $10/bbl when I entered LSU.
Petroleum is the most interesting of all disciplines in my opinion. I just couldn’t stand the cyclical nature of it. As a result, I majored in ME and I am damn glad that I made that choice.
In fact, when I was applying to universities (and noting that I was interested in many engineering disciplines, including Petroleum) , I got a letter from Stanford stating they would grant me an automatic partial scholarship if I went petroleum engineering there (as they were having a hard time finding students to fill the department), didn’t do it, looking back , well maybe I should have ; then go get a masters degree in another discipline, and I would’ve had a degree from Stanford. Oh well.
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