Good luck folks

Rig Count Crashes Most In 4 Years As Oil Shock Rocks U.S. Shale By Julianne Geiger - Mar 27, 2020, 12:15 PM CDT Baker Hughes reported that the number of oil and gas rigs in the US fell again this week by 44, falling to 728, with the total oil and... —  read more 

Is Baker Hughes freezing all hiring? I have been having interviews there for the past two months. Then the double whammy of the coronavirus and the oil glut hit. My last interview was last week. I haven't heard anything either way.

Any layoffs at westway??

45% will be cut for USL. Field hands are already being cut. The office folks. Only first round. Second Round in July.

Pay cut starting in April. Grade 14 and up 26% 13 and below 20% No bonus pay out in 2020

Layoffs have started in North America.

This week alone 9 of the biggest companies in oil and gas all confirmed pay offs have started in there companies with many already cutting upto 10 to 20 percent and all said it's just the start.

K. in lockdown apart from bakers

Enquest abandons two North Sea oil fields to withstand price crash The Thistle and Heather oil fields were closed for safety reasons last year The Thistle and Heather oil fields were closed for safety reasons last year ENQUEST Emily... —  read more 

Platform drill crews today were all handed notice by Kcad. Over 500 north sea staff will go over the next few months as all decommissioning and drilling work in north sea is put on long term hold.

Search Login / RegisterMenu NEWS / SCOTLAND Offshore workers’ jobs at risk in ‘double-edged’ crisis, union warns by Press Association 19/03/2020, 10:20 am Syndicate Post image The RMT union has warned that oil price wars and the public... —  read more 

North Sea warns oil and virus crises threaten survival Trade body says sector faces sweeping cuts and is in ‘paper-thin position’ Employees attach hooks from a crane to a set of chains on the quay side, in view of the Ocean Vanguard mobile... —  read more 

All starting again. At least 2 people called yesterday to have the HR meeting only the start.

Apache Responds to Low Oil Prices by Andreas Exarheas|Rigzone Staff|Friday, March 13, 2020 email Apache Responds to Low Oil Prices Apache Corporation has announced multiple actions in response to the current oil price environment. Apache... —  read more 

Prepare For Bankruptcies, Layoffs And A Drilling Slowdown By Tom Kool - Mar 13, 2020, 2:00 PM CDT Join Our Community Drillers Bankruptcies Oil prices have fallen nearly 50 percent since the start of the year and the short-term outlook isn’t... —  read more 

I’ve heard lots of smaller operators are already planning on laying down rigs, a few have already.

Goldman Sachs: Oil prices will stay near $30 for next 6 months amid Saudi-Russia price war Daniel Roberts Daniel Roberts Yahoo Finance March 11, 2020, 4:36 pm Crude oil rebounded slightly on Tuesday after a crash on Sunday night that sent... —  read more 

Thanks

Just got a 10 liters at Asda Aberdeen Beach Superstore. Will be worth a fortune once this virus goes away.

What do you expect to happen?

Coronavirus: Biggest drop in oil price since 1991 in new market panic Brent crude tumbles below $30 a barrel at one stage while investors take a wider flight from risk amid the COVID-19 crisis. By James Sillars, Business reporter @SkyNewsBiz ... —  read more 

How are rig counts up in the Permian when crude is down 8+%.

Oil prices fall again, on track for biggest weekly drop in over 4 years PUBLISHED THU, FEB 27 2020 10:36 PM EST SHARE KEY POINTS West Texas Intermediate (WTI) crude futures fell 73 cents, or 1.6%, to $56.36 per barrel. U.S. crude has fallen about... —  read more 

Why is this happening to me and everyone I talk to?

Me and about 30-35 others just got laid off from The woodland drill bit location . Severance package was decent . Oil and gas field is on a nosedive right now in Houston smh

Goldman Slashes Oil Price Forecast By $10 By ZeroHedge - Feb 14, 2020, 3:00 PM CST Just days after OPEC slashed its oil demand forecast as a result of the slowdown in China's economy due to the Covid-19, moments ago Goldman has doubled down on its... —  read more 

Oil Sinks To Prices Not Seen Since 2018 By Julianne Geiger - Feb 10, 2020, 5:00 PM CST Market fears and weak oil demand have prompted a continued oil price slide, with both the Brent crude and WTI crude benchmarks falling on Monday to lows not seen... —  read more 

Bonus confirmed at 3.5% for shopfloor employees. Happy enough considering results were not that great.

Oil Could Drop To Mid-$40s As Demand Crumbles By ZeroHedge - Feb 10, 2020, 11:00 AM CST With WTI sliding below $50 on Sunday evening, expect even more downside according to S&P Global Platts' Claudia Carpenter, who writes that oil prices will... —  read more 

And pocket the hiring bonus too.

Maybe we need a new product line....possibly longer charge leads for the Hybrid vehicles? Or what about a better induction stove top for the California housing market since no more new homes will be built with natural gas? Here is a sure winner... —  read more