Thread regarding Baker Hughes layoffs

Oil Services Should Get Ready for a Recession, Rystad Warns By Simon Casey September 11, 2019, 8:16 AM EDT

Oil Services Should Get Ready for a Recession, Rystad Warns
By Simon Casey
September 11, 2019, 8:16 AM EDT
Oil Drops as Escalating Trade War Stokes Global Demand Concerns
Photographer: Martin Divisek/Bloomberg
The oil services sector will contract in 2020 as producers cut spending in response to lower crude prices, ending three years of growth, according to Rystad Energy.

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Post ID: @10Zn3Py1

4 replies (most recent on top)

Bhge has no staff left , 6 in our department that once had 24 ,
Well done bhge got rid of 5000 years of experience and kept 2 trainess and 2 graduates who have lost use 5 contracts in 3 years.
Bhge winning big time. Place is a joke these days.

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Post ID: @10Zn3Py1-1arj

The first task was to fire the old school management who gave us this mess.

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Post ID: @10Zn3Py1-1cot

The oil price is 3 dollars more than 2 years ago the industry is still no better.
You can make far more money now working onshore away from the industry.
I still know people getting paid off , losing there homes, cars lifestyles trying to keep up with other people in Aberdeen just a total joke.
Some of the day rates low are such a joke why dose anyone leave family and miss everything to do a sxxt job just shows you how desperate people are.
Face facts the industry has had its day and you missed your chance move on and find something better or be happy being treated like a dog and working for sc-aps.

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Post ID: @10Zn3Py1-1oco

Funny watching all the recession deniers getting proven wrong and a– t u p i d as the rest of us always knew they were.
I guess when you're up to your ears in debt and have a 7 yr truck payment, you have to lie to yourself about how "great" things are.
Funny thing about sticking your head in the sand, it generally doesn't stop the tidal wave.

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Post ID: @10Zn3Py1-huj

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