Falling oil prices hit O&G players

Title says O&G player, article focuses on bashing RNZ Petrofac. First, there must have been a whistleblower (good play, sir). Second, follow the money trail, which companies and Da… individuals make money out of this revelation? Third, will they pay my invoices?

At press time, calls went unanswered… huh, do you know that RNZ offices are closed Friday afternoon?

Dateline 2015-05-18, Daily Express:

Industry players are starting to feel the impact of the drop in global crude oil prices, which led oil and gas giant Petroliam Nasional Bhd (Petronas) to defer capital expenditure and reduce operational spending.

One such player, Petrofac-RNZ, has implemented a voluntary separation scheme (VSS) for its employees based in its Kuala Lumpur head office, sources say.

The VSS was offered last month to its permanent employees based in its Kuala Lumpur head office with Job Grade 19 and below only. Petrofac-RNZ also has offices in Sabah and Sarawak.

Petrofac-RNZ is a member of Petrofac Group. It provides engineering and consulting services to the offshore oil and gas sector, including oilfield services to the international oil and gas industry.

A check on its website showed that a big portion of its jobs in Malaysia were for Petronas’ exploration and production arm, Petronas Carigali Sdn Bhd.


One Response to Falling oil prices hit O&G players

  1. jambang says:

    Dengarnya Scomi Oiltools pun sama, bagi vss kat 70 orang lagi 2 hari sebelum puasa.

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