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What's happening where you are?
Starting to hear of agency workers having suggested notice periods of 1 week to them but they are expected to give 4 weeks plus some folks on zero hours contracts.
Seems some more majors starting to view Europe and N Sea as non strategic and asset sales ongoing, inc some fairly large potentials West Of Shetland.
Thanks.
Well I'm still on an international contract despite working in the ukcs which I know is not right .... But currently putting up with it as it's Good money but zero rights.
Reason I'm putting up with it is my international post project has come to an end and there is a hiring freeze in UK despite being busy as hell and several men down.. The alternative to putting up with doing my.own tax return is unemployment.
Equally the music has started and lots of good guys are moving.
Next management monkey that comes out with "your lucky to have a job " is getting nutted . Times are moving on
only if you can catch them fatty
Benz, as with everything it depends what trade, line of work you are in. I'm a contractor and that's the way I like it. I have as much work as I can deal with and nobody bothers if I turn jobs down. Long term I'll be reet but in all honesty I'm sure I'll get very bored of the North sea before it all comes crashing down.
Well it's a huge industry and improvements in one area don't necessarily translate to others. A couple of points though Asset sales are nothing new and have been going on for decades in the North Sea and are a very good thing for the industry as a whole. Following on from the downturn, which was brutal, things seem to be picking up a bit which is overall good news. As for agency worker and zero hrs contracts, it depends on what you are talking about. If you are talking about say catering staff offshore or in offices then that is a bit shit. If you mean folk who set up Ltd companies and milk the system for all they could for twenty years; I'm less sympathetic.
North Sea is dead... well compared to what it was. We are in a period of adjustment and the oil money in the towns that made it needs to be smartly re invested to keep them alive or they will turn into hell holes. Scottish government needs to be putting the billions in too. There is a reason why even pre 2010 crash Houston’s main industry was medical not oilfield.
much of the project work for Africa is being run remotely to keep costs down.
unless you are in Norway the ideal situation for a company is to get you on an international contract with no rights or relocate the job to a location where you have no rights. For the most part the industry has always had this undercurrent it’s just a bit more exposed now.
We are in a period of adjustment and the oil money in the towns that made it needs to be smartly re invested to keep them alive or they will turn into hell holes. Scottish government needs to be putting the billions in too.
That, isn't going to happen.
Was coal money reinvested in South Wales?
Was industry money reinvested in the The North and the Midlands?
The money individuals made is probably spent, the money the UK made is certainly spent.
Construction vessel rates are still pretty low. Generally a good indication of activity. Although part of the issue is the over supply from the amount of new builds during the boom.
I know a lot of divers and ROV operators who are busy but on reduced T&Cs, competition is fierce though. There has also been a lot of move over to offshore renewables.
No UK government of industry has ever had a plan. All we do is take in cash then panic and flap when something disturbs this as there is never a back up plan
i was told if you work in the oil industry to make sure you had a second income or plan for one.
The money individuals made is probably spent, the money the UK made is certainly spent.
It's even worse than that. As the tax rate paid by fields that were subject to PRT was in the region of 70-80% the UK tax payer is on the hook for that same percentage of the decommissioning costs.
"was told if you work in the oil industry to make sure you had a second income or plan for one".
Best bit of "training" Ron gave me right at the start of my career that was.
You'll earn good money. Spend wisely , don't be a champagne Charlie.
Oilfield has a high turn over of people and you don't want to to be trapped here by your range rover.