More jobs down...

More jobs down...

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Discussion

jshell

Original Poster:

11,039 posts

206 months

Thursday 26th March 2015
quotequote all
http://www.bbc.co.uk/news/uk-scotland-north-east-o...

250 Shell, 100 Taqa. Once the oil proce recovers there'll be a recruitment scramble if the past is anything to go by!

jshell

Original Poster:

11,039 posts

206 months

Thursday 26th March 2015
quotequote all
This is when we should be hiring every rig available, if we have the targets!

jshell

Original Poster:

11,039 posts

206 months

Friday 27th March 2015
quotequote all
ALBA MELV said:
Aye, Lucas. We saw the begging letters on the Freight Forwarding side too. Hell, if we had a 20% margin to offer as a reduction I'd have been a happy boy!

I guess some were ust throwing those figues around in the hope that somethign would stick! Damn sure if the $/BBL improves that the big boys will be reluctant to accept price increases to support investment in the supply chain.
2 sides to this though! Suppliers and manufactureres, the larger ones, have been tracking oil price rather than inflation with their prices. The result is that I personally know of 3 HUGE projects that would have been sanctioned if they hadn't been priced out of the stratosphere. The oil majors have a strict cost screening process that they have to adhere to and if the tool says 'no', then the axe falls. The margin is smaller than people woud believe.