Thread regarding Chevron Corp. layoffs

Reference is made to the following post:

you don't need to convince me. Most Chevron BU's don't put much emphasis on data and files management. They seem to think it's trivial secretarial stuff. I am a former data and records professional. I retired from Chevron 3 years ago and was part of many audits and accident investigations. I've seen what has to be a total disregard for established record keeping standards. You will find no direct blame cast on anyone for the lack of basic work practices such as this. Incredible.

We are looking in to an issue with Chevron total disregard for record keeping in the context of accidents. If you would be willing to talk to us I would be a great help. Please reply here and I will provide info on how to contact us. Thank you in advance

I can assure you, because I've seen things like this before, Chevron will end up selling these assets for far less than their anticipated value. It will be at a great loss to the company and the shareholders.

2xux that's correct to the extent this deal is hinging 100% on Chevron's ability to provide the info in question requested by Cox and not finances on Cox's behalf.

If Chevron cant close this deal, we will not be able to sell any GOMBU assets shelf or otherwise. The whole tent is now propped up by a few poles that will come crashing down. Cox deal silence is deafening.

jqf - More power to you buddy. Your company doesn't have the overhead, dead weight, waste, layers and layers of management, team and team leaders, etc. You said it best, you "earn" your paycheck.

@1qin. Thanks that's exactly what I was saying. The reply back ended up misconstrued the message.

Tens of thousands more in pay, not 10xs the pay. I make almost 36k more than the CVX guys I was around. As far as the benefits they're better than CVX as well as bonus. As 1qin pointed out. For the hefty pay we are given, much is expected of us. We do everything and then some. Because there's a many that would love to have our job. There was a lot of jealousy from the CVX guys, because of what we made an hour as such. It caused a lot of animosity the few years I worked there. The biggest thing about the CVX guys there. They were scared to operate. Always had to call and drag a FC or OS into the mix. Lived in fear daily to make a decision. Which made it a pain in the ass.

Chevron got greedy and too big for it's britches...it became like JW....all about status.

Many thought Chevron offered stability. That illusion has been blown up. And yes, many of the independents that don't have stock options give away a percentage of well production. I know of one company that after several years your salary and bonus pales in comparison to your well ownership pay out. Even at these horrible prices the checks are good. They are mind blowing at last year prices.

@1zqd, don't fool yourself, buddy. The poster below didn't write that his pay is 10x more than CVX, he wrote that it is 10's more, as in tens of thousands, which is not at all a stretch, especially if he is working for an independent. Yes, every company is facing difficulties right now, but few of them are leveraged to the hilt to continue borrowing from Peter to pay Paul's quarterly dividend. As for Chevron's benefits, they are roughly in line with the industry average for the majors. Many of the minor and independent GOM operators even offer company shares and stock options as bonuses to employees who have significant contributions to successful wells, facilities, and projects. Medical, dental, 401k, pension, continual education opportunities - all of these things are offered by independents, and are on par or better than those offered by Chevron and the other majors. In fact, in terms of benefits, about the only thing Chevron can really offer that those operators cannot, and will not, is the opportunity to spend your entire career contributing very little, doing very little, and accomplishing very little beyond consistently staying in your supervisor's good graces and striving for that next PSG level, with whatever that takes. If your working career experience is limited to Chevron, then speak about that which you know.

Don't fool yourself, ALL companies are having problems and you pay isn't anywhere close to 2x's CVX pay much less 10 and you don't have a fractions of the benefits that CVX offers their employees.

To think I wanted to work at chevron when I first started offshore. I've seen first hand how shifty the operators are on shelf facilities. I figured it would be hard to get on, it's why u never tried. Holy hell im glad I didn't. My pay is 10's more than cvx guys and my company isn't having there problems.

Holy shit! The accounts describe a rig full of panic, where each morning the volume of smoke pouring out of the borehole was checked in fear of a pending blowout. A French engineer said that throughout the drilling a series of pump failures led to a huge pressure build-up, which eventually caused the explosion. Rig engineers had advised Chevron to evacuate staff whilst pressures were still manageable, but “that advice was not heeded and additional personnel were even brought aboard to get ahead of what was believed to be impending strike action.”

Another Frenchman on the platform said that every day they “saw thick smoke coming out of the open hole, and we were all scared like hell because we could see a disaster happening any moment yet they (Chevron) did not evacuate us - why, I do not know.” In fact, “this is the reason so many of us survived because we were all aware that it was going to happen, but just didn't know when.”

Omietimi Nana, a maintenance worker on the rig stated that, “about three days before the accident, the drilling company workers told us they wanted to stop drilling because of the gas pressure, but they spoke with Chevron who told them to carry on. Everyone was talking about how the mud weight had been lost but by then it was too late to stop the gas rising to the surface."

@yhu, you don't need to convince me. Most Chevron BU's don't put much emphasis on data and files management. They seem to think it's trivial secretarial stuff. I am a former data and records professional. I retired from Chevron 3 years ago and was part of many audits and accident investigations. I've seen what has to be a total disregard for established record keeping standards. You will find no direct blame cast on anyone for the lack of basic work practices such as this. Incredible.

So API has a record keeping standard. Talking, other companies have this down. It's as was stated, part of basic buisness. This was this guy's take. At one point files were good but eroded. Once eroded, they were ignored out of worry and blame. The only time this stuff gets V&V'd is when a serious accident or fatality occures. Google Nigeria well fire fatality and BOI Lanco. I was involved in thone 2 investigations. You will poop your draws when you read this stuff. Do you think a company that refuses to evacuate employees off of a smoking rig with a loss of mud weight and a company that had a food service and construction labourers overseeing production tubing installation with zero procedures or P&ID's, to have files in order? People read this stuff and think it's exaggerated because it is so bad. When in reality it's worse. Google it....read it....and watch your jaw drop. And nothing happens. Other than promotions.

zzq - That sounds like a valid and solid data point. Isn't all of the info requested filed in various places when applying for permits, etc?

Typical demonstration of Chevron's lack of importance to general & operating procedures, blatant disregard for records management, no accountability for oversight of employee's key job responsibilities, incompetent management. All this seen repeated again and again. A company does not run efficiently like this, people. Many of the people Chevron has in management positions are inept. The shareholders are the ultimate ones paying the price.

I have posted this before. This is under contractual agreement with conditional deliverables for close. Chevron can not execute this sale. The deliverables are engineering drawings, repairs and maintenance, energy shut down procedures.....there were a few dozen of these benign requests. Cox has found these to be lacking or non existant. There is a time limit to supply these deliverables or final close will not happen. This is not coming from a Chevron employee but a Cox employee. These are not an attempt to screw Chevron, as he said, "It is a fundamental failure of basic engineering requirements and safe guards." Now this is one data point. But a competent, honest data point. Not sure what Chevron does if this is true? Lower price? We are not competent to do this. Especially now, everyone is more worried about thier livelihood.

The silence is deafening. Last noise we heard was the deal is back on but that is speculation and rumor. Personally I believe Chevron made a concession at the beginning of the deal and Cox may very well have to make one now over the P&A'd wells or lack of such, unless Chevron is as desperate as we believe they are for the cash and make another deal..

If new information about shelf asset sales in the GOM is limited or very quite, that tells me there's a legal setback or a deliberate attempt by Cox to renegotiate the price. Chevron has shown its cards at this poker table and smart negotiators know how to take advantage of its weak position.