Any Oil and Gas Casualties so far?
Any Oil and Gas Casualties so far?
(OP)
Apparently I'm being demobbed from my project at the end of the month and will have to go back to the UK. I thought this project would see me through 2016 so I'm a bit disappointed. To top it all off my line manager has told me I will be under consultation when I get back with a view to being made redundant. Has anybody here been made redundant from an O&G job, or fear they may be soon? What will you do?





RE: Any Oil and Gas Casualties so far?
David Simpson, PE
MuleShoe Engineering
In questions of science, the authority of a thousand is not worth the humble reasoning of a single individual. Galileo Galilei, Italian Physicist
RE: Any Oil and Gas Casualties so far?
Times are a bit better in Refining and Petrochemicals (and Downstream in general) but this mostly applies to small independent producers. For integrated majors, the situation is basically the same.
I don't know what I would do if I were in your place, but sitting and waiting for the storm to pass does not sound like a viable solution, because it may last for quite a while. Looking for alternative industries and getting some qualifications during your idle time might be the best option.
I said to my wife I don't mind selling hamburgers, as long as the job is an honest job - if the same Oil storm hits me at the end. At least I can throw some mayonnaise and ketchup in the face of those who annoy me, which I couldn't do with project managers or supervisors. In Oil & Gas industry you never find mayo and ketchup when you need them.
Dejan IVANOVIC
Process Engineer, MSChE
RE: Any Oil and Gas Casualties so far?
RE: Any Oil and Gas Casualties so far?
"Formal education is a weapon, whose effect depends on who holds it in his hands and at whom it is aimed." ~ Joseph Stalin
RE: Any Oil and Gas Casualties so far?
TTFN
I can do absolutely anything. I'm an expert!
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RE: Any Oil and Gas Casualties so far?
Dan - Owner
http://www.Hi-TecDesigns.com
RE: Any Oil and Gas Casualties so far?
TTFN
I can do absolutely anything. I'm an expert!
homework forum: //www.engineering.com/AskForum/aff/32.aspx
FAQ731-376: Eng-Tips.com Forum Policies forum1529: Translation Assistance for Engineers
RE: Any Oil and Gas Casualties so far?
David Simpson, PE
MuleShoe Engineering
In questions of science, the authority of a thousand is not worth the humble reasoning of a single individual. Galileo Galilei, Italian Physicist
RE: Any Oil and Gas Casualties so far?
Not a big trend, but........
RE: Any Oil and Gas Casualties so far?
We had a competition for a non-technical engineering position at work and got ~80 resumes of O&G engineers with phds and other advanced degrees who were obviously just looking for anything.
RE: Any Oil and Gas Casualties so far?
http://money.cnn.com/2016/01/18/investing/oil-cras...
RE: Any Oil and Gas Casualties so far?
http://money.cnn.com/2016/01/14/investing/oil-bail...
RE: Any Oil and Gas Casualties so far?
Dejan IVANOVIC
Process Engineer, MSChE
RE: Any Oil and Gas Casualties so far?
This is my first ride through a big dip on the O&G rollercoaster - I think I preferred the relative stability of the power generation industry!
RE: Any Oil and Gas Casualties so far?
There is never a good time to bail out any industry, let alone Oil & Gas. It would be nice if the EPA, MMS, and BLM would all schedule a team building outing on the Titanic, but relaxing the worst of the burdonsome regulation would be enough without any bailout.
David Simpson, PE
MuleShoe Engineering
In questions of science, the authority of a thousand is not worth the humble reasoning of a single individual. Galileo Galilei, Italian Physicist
RE: Any Oil and Gas Casualties so far?
RE: Any Oil and Gas Casualties so far?
Future PE Engineer
Pet project I am working on to help other engineers, not much yet hoping to get it grow as I learn more
http://www.peexamquestions.com
RE: Any Oil and Gas Casualties so far?
RE: Any Oil and Gas Casualties so far?
I build the Offshore Rigs, we went from turning down work with a backlog of 6+ years to, crap we only have enough work through 2016. I have seen our craft go from 4,000 to 1,000 and staff from 500 to 300.
Many of my friends are ME's working for the oil field service companies (Shlumberger, Baker Hughes, Haliburton). They have taken the hardest hit, and I have seen several friends lose their jobs and transition to a much lower paying job. Interestingly enough, I had turned down a job offer from one of these companies just 2 years ago, they were offering 26% above what I was making but I wanted to be able to do design work.
I have friends that are exploration geologists, or just good ole fashioned roughnecks that have lost their jobs.
Sad thing is, it will get worse before it gets better.
RE: Any Oil and Gas Casualties so far?
RE: Any Oil and Gas Casualties so far?