- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: U.S. Oil Majors cutting jobs despite pro-oil & gas policy changes
Posted on 9/15/25 at 12:40 pm to Pfft
Posted on 9/15/25 at 12:40 pm to Pfft
quote:
They do that shite every few years.
I hope the cost savings out weigh the loss of technical knowledge they loose.
Seems like a 10-12 year cycle.
Shell's cycle on offshoring/reshoring seemed to happen about every 7 years when ex-wife had them as a client. A new CIO necessitates change for the sake of change.
The BP jobs in IT I get mailed every day are almost exclusively in Pune. The rest of our jobs go to H1Bs being paid 30% of what citizens make.
0
Posted on 9/15/25 at 1:03 pm to Powerman
quote:
Drill baby drill is one of the dumbest
“Drill baby, drill” has helped to stabilize the oil industry. The saudis can still easily flex their muscle but they’re not the only big kid in the playground anymore.
Posted on 9/15/25 at 1:24 pm to Big Scrub TX
quote:
It will happen in spite of what oil majors may or may not want.
No, it’s not.
Posted on 9/15/25 at 1:27 pm to boogiewoogie1978
Upstream is one slice of the pie. Why are downstream, midstream, and refining excluded?
Posted on 9/15/25 at 1:30 pm to boogiewoogie1978
quote:
Oil & Gas (Upstream) 10–30%
Technology (Software) 20–35%
Pharmaceuticals 15–25%
Financial Services 10–20%
So not some huge outlyer amongst those. Then there's this ranking from Visual Capitalist:
LINK
Posted on 9/15/25 at 1:34 pm to ragincajun03
Oil is the very definition of a commodity. If you let the free market decide the price of oil... it will be lower.
When government fricks around and picks winners and losers, restricts export, restricts transport, etc... then the cost is artificially high and so is the selling price.
The problem with artificially high costs is the impact it has on land drilling. It's a killer. Trump removed the bullshite and it is back to acting like a commodity product.
When government fricks around and picks winners and losers, restricts export, restricts transport, etc... then the cost is artificially high and so is the selling price.
The problem with artificially high costs is the impact it has on land drilling. It's a killer. Trump removed the bullshite and it is back to acting like a commodity product.
Posted on 9/15/25 at 1:45 pm to ragincajun03
My dad worked in the oilfield. He got laid off twice before he retired and they were both during Republican administrations.
Posted on 9/15/25 at 2:18 pm to ragincajun03
quote:
25 percent of its global staff
Posted on 9/15/25 at 2:19 pm to ragincajun03
Welp, I guess I’m screwed
(ELM major)
(ELM major)
Posted on 9/15/25 at 2:53 pm to ragincajun03
This downsizing was planned and started under Biden.
Posted on 9/15/25 at 2:59 pm to JellyRoll
Ahhh ok Biden did it.. no worries we just lost 300 million citizens from drugs.. plenty of oil for all.
Posted on 9/15/25 at 4:15 pm to Pfft
quote:
I hope the cost savings out weigh the loss of technical knowledge they loose.
What technical knowledge do they have that hasn't already been documented and will become part of the knowledge base for an AI app?
Posted on 9/15/25 at 4:47 pm to TexasTiger89
quote:
Chevron bought Hess which the purchase was just approved by the Feds. This is the main reason they are letting people go. Consolidation.
Chevron announced these cuts long before the Hess merger was final and months before the results of the arbitration with Exxon came out. These cuts were occurring with or without the Hess merger.
Posted on 9/15/25 at 6:30 pm to justaniceguy
In my experience, the oil companies will need and want to have human eyes and hands on location. Especially when any type of anomaly is occurring. They have had electronic monitoring for many years in most places but when oil or water or gas gets flowing faster than normal, they want a human to check and report measurements.
One way to get banished for life from the state of Texas is to accidentally kill a cow. The other is to cause a pump to need to be shut down.
One way to get banished for life from the state of Texas is to accidentally kill a cow. The other is to cause a pump to need to be shut down.
Posted on 9/15/25 at 8:10 pm to ragincajun03
I’m going through one now. It’s sad to see people lose their job but amazing how much fat there is to trim at these majors. I’ll be looking elsewhere, I just can’t deal with the bureaucracy and corporate politics.
Posted on 9/15/25 at 11:30 pm to tigerdup07
quote:
it's the same as last time he was in office. it was the worst turn in the drilling industry ever. we had so many layoffs. you can't promote both lower energy costs and drill baby drill. the two are total opposites.
It’s almost as if he doesn’t really understand what’s going on, and just says whatever someone tells him that his audience wants to hear - knowing that he can later claim he didn’t say what he said. And his minions label it 6-D chess.
Posted on 9/16/25 at 4:44 am to ragincajun03
quote:
Since 2023, Chevron, Exxon, ConocoPhillips, and Occidental have all acquired smaller fossil fuel companies to increase their production capacity. However, in recent months, many of these oil giants have been forced to lay off thousands of workers in the face of lower oil prices to cut costs.
Well, some of them have also been offshoring jobs to India.
Posted on 9/16/25 at 4:48 am to The Third Leg
quote:
Nobody had a gun to their head, sure. But their primarily obligation is to act in the best financial interests of the shareholders.
Ohhhh noooo, we only made $2B instead of $2.35B!! Time to put thousands of normal, hardworking people on the streets. Pieces of shite
Posted on 9/16/25 at 5:40 am to ragincajun03
quote:When Trump was chanting “drill baby drill” to a cheering audience, I said: “watch us drill less under Trump than Biden”.
The number of U.S. rigs in operation has fallen this year, by around 69 to 414, according to Baker Hughes.
I’m not being a Trump hater. It’s just one of those ironies that are much easier to see as I get older.
Posted on 9/16/25 at 8:20 am to Tiger Ryno
quote:
Yes. The tech now is insane. You could drill a well from the home office if you wanted to with nobody at the site.
Head count on location/on the rig can be lowered - but we are not even close to completely remote ops.
We still haven’t figured out how to dope the box end with a robot.
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News