Originally posted by Highland
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Oil and gas sector - IR35
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Originally posted by dsc View PostI agree that if you find a fairly niche market you'd probably be on similar money. Still it was much easier to earn decent money in O&G and know / do very little, the amount of "engineers" I met over around 10 years who weren't very bright is astonishing. In the end I just got bored of projects which were all very similar and not very challenging, so I switched to defense and even though it's good money I can't believe there's an industry doing things slower than O&G.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
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Originally posted by Highland View PostUnderstanding BP's recent comms to personnel re. North Sea deferments (i.e. almost all projects / wells postponed to be re-assessed in 2021 for potential late 2021 or 2022 resumption) indicates to me that if you're not in Ops then you're about to become surplus to requirements. Some former colleagues of mine contracting at BP have recently left and the expectation within Dyce HQ is that staff cuts will be deep after Looney's protected period. This obviously has a terrible follow on impact for the engineering + installation contractors as is already starting to filter through.
More generally, after the last crash and huge cull I saw a lot of good people (30s, well educated and lots of experience) decide that it was a time for a change and they made their move into other industries (pharma, defence, manufacturing) as soon as they could. I moved out of what I did into another specialism that was more industry agnostic and have recently starting working outside of oil for the first time in a decade. The main thing the oil game had was that the money was really good, from what I'm experiencing elsewhere, you can get the same if you have the right skills or are willing to get them.
It's hard to see anything but large sustained contraction, with terrible repercussions for a lot of people and for Aberdeen's economy. Good when it lasted right enough!Public Service Posting by the BBC - Bloggs Bulls**t Corp.
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My client has now restarted offshore project work, albeit with reduced numbers.
I travelled offshore for the first time a couple of days back. Aberdeen is a weird place right now. Like most places I guess, it felt like a town in stasis.
I'm still hearing the same anecdotes of layoffs and rate cuts but nothing different from above. With brent at $40, some of the more dire predictions haven't taken hold (yet). Few are working in the offices - even the pipeline systems are being monitored from people's houses with the odd key personnel at the office panel.
The huge "trump tower" offices some of these operators and service companies built back in the good times look like edifices of a bygone era.Last edited by sludgesurfer; 6 June 2020, 09:49.Comment
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Originally posted by sludgesurfer View PostMy client has now restarted offshore project work, albeit with reduced numbers.
I travelled offshore for the first time a couple of days back. Aberdeen is a weird place right now. Like most places I guess, it felt like a town in stasis.
I'm still hearing the same anecdotes of layoffs and rate cuts but nothing different from above. With brent at $40, some of the more dire predictions haven't taken hold (yet). Few are working in the offices - even the pipeline systems are being monitored from people's houses with the odd key personnel at the office panel.
The huge "trump tower" offices some of these operators and service companies built back in the good times look like edifices of a bygone era.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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Bumping this to see if any O&G clients are taking a different approach to last year.
My main client has just provided an outside SDS. Offshore project but only likely to last for another few months. My other is considered a small company per the rules.
As for the others I'm hearing about through the grapevine (Worley, Petrofac, BP, CAN), it seems like there's little change from assessments made last year.Comment
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Shameless bump of this thread.
It's almost a year since the last post. What's the latest IR35 situation with operators and service companies? Thanks.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
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Worley - PAYE or leave by March end option given to contractors. Anyone at Worley can expand on this?Comment
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Originally posted by eazy View PostWorley - PAYE or leave by March end option given to contractors. Anyone at Worley can expand on this?
I think. Seems there's only you left. The rest of us gave up on the industry.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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