It was announced yesterday that Monadelphous and Tempo got the maintenance and operations contract at Gorgon. Their team has asked for the usual's, Preventive maintenance schedules and requirements, operating procedure expectations, P&ID's etc. They wore given a blank look and silence. We have had so much focus on getting this project completed NO ONE HAS PUT FORTH A CONCERTED EFFORT FOR START UP! Of course everyone now knows this and morale has hit a new bottom. Strike vote to end tomorrow and ballots will be counted in the next two weeks. They have the votes!
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The line on the progress charts for our MCPs may be moving straight across the chart like a dead man's EKG, but the progress line for our company stock is likely to tick downwards a little more, like a barnstorming bi-plane.
My forecast to forecasting project completion is still the most accurate. Take the progress chart and use Microsoft Paint to extend the actual progress line with no increase in monthly progress. It was correct on EGP, ALNG, EGTL, Big Foot (until the sinking), JSM, BSM and now, it appears, Gorgon and Wheatsone. Hopefully it doesn't apply to our stock price.
From what the previous poster is saying, sounds to me like the inmates have taken over the asylum in Australia. - Lol.
— The Ugly Truth you scare me as we think alike! I to will buy the stock also. We will know when the pain is about to end. We are at least sitting in the wrecked car and can look at the gauges. Once these projects are done and I am being optimistic, Chevron will be positioned well for the long term. I also believe this mess is going to ensure a change in all of the senior leadership. On an update Chevron is actively engaged in talks over the strike, I personally asked someone who would know but this means nothing to me. We are in talks about putting in a train that we can't. Also Chevron has some how made everyone forget the scheduled on line date. It was due to begin production at the end of the third quarter of 2014, 60 months after the investment was sanctioned! Also Bechtel is now dealing with a bed shortage at the fab yard at Wheatstone, and trying to put 10 workers in a shoe box. They are much further behind Gorgon imo because of the late shipment of equipment. The unions at Wheatstone are now demanding better living conditions and demanding the right to live on Onslow. These issues are bigger than most perceive. The work force is getting ready for a mutiny. We have a bunch of pissed off, grown ass men! Chevron thought this would be on line and imo had a strategy to ignore. That has now come back in a bad way. On a great not the one thing that is consistent here is the weather. 82 and sunny every day! Good luck to all of you as we go through this major downsizing. What looks personally like a disaster today often is seen as a blessing 5 years from today.
I'm waiting around for the 3Q-2015 earnings conference call, when John Watson will have to show up this time to announce a NET LOSS for the quarter, an impending DIVIDEND CUT, and more sad stories at GORGON. Whether I hit the trifecta or not doesn't matter. I'll be snapping up some CVX stock at a bargain basement price to lower my cost basis. I'll reserve a share of my cash arsenal for year-end too, as I expect oil to be heading even lower. Thanks to 'Sitting at Gorgon' for keeping us all in the loop. Welcome back to the board.
Oh I am not sure if this made it to the news yet but the South African refinery has mechanical issues and output has been cut in half. They floated around of sending for a few volunteers. It was like Welcome Back Carter and Horshack. Everyone raised their hand, ooo ooo me me me!
I am only privy to the chatter about the engagement of Chevron leadership on negotiatioons. I will hold my tongue as I am not sure!
We have had "Operational Advisors" here since 2011. Ops is already saying the construction work has been so screwed up and so many changes not properly documented through MOC's that it is an impossible task? I am done worrying about all of this. I just can't do it anymore. We have PM's that are just quitting. What I mean by this is that they go home and never report back! Just walk away!
Welcome back Sitting on Gorgon. Has Chevron been active and engaged with talking with the workers to negotiate the 20/10?
Now the ops reps that have been on the project since phase 3 can try to explain what it is exactly that they've been doing.
oooops wear :-).