Well we will see the Grim reaper here in Houston again in April. We all know this, but it's now official. Before we even got this ROM out of the way plan two has started. AMBU and Canada whacked again in January. The number for AMBU that I saw was 400-450 employees. It was the only The rest of the plan did not give specific numbers but was tied to another billion is savings? I am puzzled as to the AMBU number. Are they dumping the asset for cash flow? In Houston in April UGH! and the rest of the BU's are then staggered in 2 week increments. It said this current ROM was tied to a billion in savings dependent on oil price? It was not clear to me what the price they were using for the second ROM? But I guess the message is there is more pain.
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If ambu became nojv, what would that mean? Would any jobs remain?
If ambu was absorbed by mcbu, would jobs remain in pa?
636, it is no secret they are selling assets in ambu so I don't know what you're talking about.. They have published weekly progress reports available on the company intranet that pretty much anyone can see, that note that last month's earnings were low because of the write down of Michigan.
It probably cost some money to move to a new building as their chevronized each floor; however, they've combined all employees from 2 buildings into 1. Now they pay rent for 1 building instead of 2. So again, while AMBU seems to be going towards an NOJV, I don't know what you mean by all these "secret activities" when things seem pretty obvious here.
AMBU should cease to be an independent BU and rolled into one of the existing onshore North America BUs (may be MCBU) to save some overheads.
I live in Pennsylvania and its is true about the Chevron selling off their assets.. Although the employees are blinded by the BS their supervisors/managers/VP and of course their fantastic incompetent HR Department. Everyone in the industry knows that Chevron is selling their assets little at a time until they are all depleted... Yes, AMBU, selling assets not employees! They are keeping these deals quiet so they don't create a massive panic... All the local private companies are picking up these assets at a good price. Now is the time to prepare for the future, because the smaller companies don't have 16 engineers, they work leaner and smarter and with a lot less overhead.
The best is that AMBU just moved people in another building, therefore, they paid to remodel another building chevron style. Really, losing hundreds of millions of dollars per quarter and moved into a newer building!
Anonymous131813 you are correct on all aspects. Unocal could crank out drilling wells. You do know David Payne was not the first or second choice. They quit. David has the proud honor of graduating last in his class at PSU for his PE. That being said he is competent. I do not blame any of the drilling engineers what so ever. Shit they can blame me as I am redundant in my discipline. We are all victims of this mess. LOL at selling safety moments. They suck ass. hat and a $1.50 would get you a slurpee. Nothing is ever relevant and its just repeated. In three months it will be winter driving and then winter driving and then winter driving. Also WTF does Buzz "Totally clues on Safety" Morris do? I know more about HES than he does. I took the CSP (Safety Pros professional license) because of all the bone head safety snatch's in this place. They can't complete a Safe Work Permit. Or you could go out and see 100 imminent hazards and they ask about a first aid kit, sharps containers, food safety....some bizarre shit.When they start on the OSHA blah blah blah I can play that game just as well. I am really embarrassed to admit this but I left Exxon to come here. I was working on the Papua New Guinea project. The safety pro's at Exxon are just that pro's. Is there any department worse the Buzz "oompa loompa" Morris band of Tards? HR maybe? Ommpa Loompa takes the cake for me.
Because of this, that, and the other, drilling engineers won't take on any risk anymore. Can't really blame them. That leads to double well costs or worse. Much of that and there is no business left. It's our demise. If you can't drill, no grease. That was in the noise when oil was $100/bbl. So much for buying Unocal for their Drilling knowledge. If we could somehow start selling diversity moments and safety moments for fat stacks, dayum Gina, we would be rich.
AMBU is already slated for a NOJV. That is common knowledge but the chevonoids do not understand Non Operating means your job is gone. Now Canada is also up for an NOJV. If the small well program for the Duvernay Shale does not produce at cost they won't ramp up and they don't need that head count and that work will be out sourced. I find it comical that Chevron can't drill and complete a f***ing gas well. Isn't that our business. That would be like McDonalds asking Burger King to make their hamburgers because they can't!. CBU and AMBU are not performing enough work for a BU. For Christ sake AMBU has 15 completions engineers for one frac crew and a dozen drilling engineers for 1 rig......Oh and don't even get me started on MCBU! I will barf up the dinner I just ate.
Second ROM will be screened at then-current prices.