Schlumberger is closing Cameron plant at Vicksburg. All staff will be let go
Are you watching the oil price?
Who is watching the oil price falling down? Remember when Paal told you - The worst is behind us - well it shows his ignorance yet again....
Idling the Ponca City plant would be a mistake.
Those people are so fed up with SLB, they won't sit around and wait for the plant to re-open. Even if it means taking a lower paying job. And Ponca is a small town with a even smaller talent pool for that kind of work. There is also the fact that the... — read more
Will people be recalled?
Will Schlumberger call people back once market picks up?
Cramer: "The firings, the downsizing, that's what is allowing Schlumberger to make fortunes even at these prices."
http://www.cnbc.com/2016/07/26/jim-cramer-get-ready-oil-is-set-for-a-u-shaped-recovery.html Cramer puts a lot of faith in Kibsgaard's comments and is long on SLB in his charitable trust. One has to question his motives. But it does point out how SLB... — read more
Layoff Tuesday at San Felipe
2 people in software were let go today.
International Oil Companies - The Death of the Old Business Model
Read the latest report by IOC on the future of international oil companies and their old business model here: https://www.chathamhouse.org/sites/files/chathamhouse/publications/research/2016-05-05-international-oil-companies-stevens.pdf and prepare... — read more
$42 dollar Oil; good or bad for business?
Paal called bottom last week and now the bottom has deepened further? Just shows you not even the CEO's know what their talking about.
Brace yourself ... layoff week begins
You were warned, This week (starting today 25 Jul) will be week of maximum layoffs in last 2 years
Coming Back from LOA...maybe
Does anyone know what they are paying senior mud engineers in the Rockies right now? I've been asked to come back from LOA as a field mud engineer....it will be a couple steps down but could be worth it to get back to work.
165 people retrenched from Reda Production Systems - singapore
Dear all Blood blue's .. I am begging for your mercy to give your blue blood to Mr.paal to get another 180,000,000 USD as performance bonus for this year as well.....please help him.....please....please....
NOV is doing good
Heard that NOV is doing good... Time to shift if there is a openings... Long term it's always better to be in NOV rather SLB.
SLB http://www.bizjournals.com/ July 21
Here are the numbers: 2016 - 16,000 layoffs up to Q2 They have been busy! "Reached the bottom of the cycle" spoken like a true politician.....no one can foresee the future. Its a service company- you have to wait for the clients first...what the... — read more
US Abroad Severence - UTI Cash Termination Indemnity
Got terminated on IS payroll after +3 years employment. Was told I get two weeks per year severance under UTI US Abroad. It seems all other plans are one month per year severance though. Also it is final base salary but isn't including coefficient... — read more
Paal needs a raise!
Schlumberger reported a unexpected second-quarter loss of $2.16 billion, or $1.56 cents a share, compared with a profit of $1.12 billion, or 88 cents, a year earlier, according to a statement Thursday. The Houston- and Paris-based company was... — read more
CHPC laid off a bunch of employees today.
This place is not far away from closing shop for good. Hope everyone will be put out of misery soon.
WORKFORCE REDUCTION
As a result of the weakness in activity that we expect to persist through 2016, Schlumberger decided to further reduce its headcount. As a result, Schlumberger recorded a $646 million pretax charge during the second quarter associated with these... — read more
MASS LAYOFFS ON 25TH JULY
ARE THERE PLANS FOR MASS LAYOFFS ON 25TH JULY IN SUGARLAND?
Halliburton reports $3.2 billion loss in wake of failed Baker Hughes deal
will SLB buy Haliburton?
Wow I just heard that WesternGeco is to be sold next year.
This is very surprising as it is one of a very few that are actually making money. Obviously somebody knows a lot about the future of seismic exploration
Lack of communication
What is reason behind lack of communication and information? Some places are pretty bad than others
Too Close to your people
Left SLB a few years ago. Remember the Group President saying....and I quote "You are too close to the employees....they would do whatever you asked of them". In my day, this was the pinnacle of achievement for a manager. I took SLB criticism as the... — read more
How to get a job in a different industry
Considering a move. Suggestions on changing industry. I am a Mech engineer in downhole tools design.
I am still miffed
Top performer, but was let go so my manager with connections could keep his job. I have found another job since in another industry. But does not pay as much and does not have as much benefits. Anyone here feel me?
If you see something genuinely unethical with your manager or management, report it to hotline
It may protect you if you get laid off. Or not get laid off after the fact. Think about it. Cheers
Big oil is back: Chevron, BP, Exxon announce $45B in new drilling
Go check out the need. Happy days are here again.
Classes and layoffs
How can you lay off a co-worker and send the other one to class? ??????!!!!!!!!!!
Best loot
What is the best item you "borrowed" from work? Tools? Documents? Vehicles?
M-I Swaco
What about Q3, will there be more layoffs at M-I Swaco, anybody heard anything or know anything?
Q3
With revenue continuing to fall, will there be more lay offs in Q3?
Ethics Line - Post your observations about unethical moves on this forum
Ethics Line - Post your observations about unethical moves on this forum Location Person Event
lay offs in Sugar Land
I heard it happening to quite a few people this morning, maybe someone knows more
Breaking News! Halliburton Announces Intent Of Acquiring Schlumberger
Breaking News! Halliburton Announces Intent Of Acquiring Schlumberger Mr. Dave Lesar, CEO of oilfield services giant Halliburton today announced his proposed buyout of #1 oilfield services company Schlumberger, saying that "it is time to admit that... — read more
Do They get a tax break for keeping Vets?
I am not a veteran, but I was told by someone who is that the company gets tax breaks and other benefits from keeping on the vets they hired. Is this true?