#oilandgas

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Silence

Fear of Donald is what has delayed a 20% layoff in the US. It is inevitable.

...it would be if some competitor comes to sn---h folks away from Imperial before they've had a chance to transition the work.

Anyone have an educated guess on what is going to happen to all the Denbury folks in the Plano office come November when their 2 years is up? Surely they aren't going to move them all down here when we are cutting so much.

Houston, Permian and gulf coast plants are being overrun by Indian expats. Does Canada have this same problem or are Canadian laws preventing it?

There was supposed to be some sort of big meeting or announcement 10:00 a.m. the other day. What is the news from that?

Friends,
Across forums, industry conversations, and personal exchanges, one theme keeps repeating-
Offshoring and particularly to low cost labor markets like India.

Let’s be clear:
Our operations are built on national resources—oil, gas, and energy that are the wealth of nations. These resources, while vital, come with environmental costs we all understand. And yet, instead of converting this sacrifice into livelihoods for the people of the very nations whose resources we exploit, we see record levels of offshoring.
This is not the same as IT or banking outsourcing. Natural resources are not just corporate assets, they are national wealth.
To offshore the jobs tied to them is not just cost-cutting, it is economic plunder.

The scale of this shift is hidden. Official headcount reports disguise the reality. If we include not just GCC centers but also third-party service providers, the imbalance is shocking-only a fraction of roles remain in base countries, while the majority are quietly shipped overseas.

In reality, No MC, C-suite, or shareholder vote should decide who benefits from national resources. That right belongs to the people and their governments.

The problem is, most people, even in government, don’t know the scale of what’s happening. It is happening quietly, and rapidly.

That’s why every one of us has a role to play. Even small actions matter:
• Write to your representatives.
• Raise awareness within your networks.
• Push for transparency in how resource-linked jobs are allocated.

This is not about one company or one industry. This is about ensuring our resources create futures for our people, not just cheap profits offshore.
If we don’t act now, we risk handing away not only our jobs but our children’s right to benefit from their own nation’s wealth

First of all, my heart goes out to our European, Canadian, and Singapore colleagues.
Great friends, fine professionals, and true believers in EM core values.

Across forums, industry conversations, and personal exchanges, one theme keeps repeating-
Offshoring and particularly to low cost labor markets like India.

Let’s be clear:
Our operations are built on national resources—oil, gas, and energy that are the wealth of nations. These resources, while vital, come with environmental costs we all understand. And yet, instead of converting this sacrifice into livelihoods for the people of the very nations whose resources we exploit, we see record levels of offshoring.
This is not the same as IT or banking outsourcing. Natural resources are not just corporate assets, they are national wealth.
To offshore the jobs tied to them is not just cost-cutting, it is economic plunder.

The scale of this shift is hidden. Official headcount reports disguise the reality. If we include not just GCC centers but also third-party service providers, the imbalance is shocking-only a fraction of roles remain in base countries, while the majority are quietly shipped overseas.

In reality, No MC, C-suite, or shareholder vote should decide who benefits from national resources. That right belongs to the people and their governments.

The problem is, most people, even in government, don’t know the scale of what’s happening. It is happening quietly, and rapidly.

That’s why every one of us has a role to play. Even small actions matter:
• Write to your representatives.
• Raise awareness within your networks.
• Push for transparency in how resource-linked jobs are allocated.

This is not about one company or one industry. This is about ensuring our resources create futures for our people, not just cheap profits offshore.
If we don’t act now, we risk handing away not only our jobs but our children’s right to benefit from their own nation’s wealth

Seeing a lot of Permian leadership in SUVs around Civitas field. Will this be a good purchase?

Looks like one less C producer to be sold in the Permian basin. Exxon would benefit from the uplift and diversity of locations.

Will a purchase make sense? Chevron is seeing some issues in the Permian basin. This purchase would uplift production quickly and reduce the need for drilling.

JC and crew on a reconnaissance mission spotted in black SUVs around Civitas field. Will the be a good acquisition for APA? What are the Pros and Cons?

It’s so infuriating to read in the news how the Provincial government tries to tie the layoffs to the feds, focusing solely on the pipeline or some perceived “red tape.” I’m with IRP, and there was no shortage of projects (less so now, no one knows what to do). For approvals, we asked AER or provincial bodies.

Those corporations don’t care about ease of regulations - they only understand regulatory consequences and cost impacts. Right now, it’s very cheap for them to get rid of all of us with no reason given. I almost can’t blame IOL (or more so Exxon) for what they did. It aligns very well with the nonsensical decisions they were making. BTC, DTI, how is this allowed in Canada

My wife got laid off last month after eight years, we’ve got three kids, and if EM hits me with a layoff too, we’re done. I just want to keep my head down, work, and support my family but that seems impossible right now.

Doesn’t the sale make Oxy more attractive to a buyer like XOM or Chevron?

Looking to apply here. How’s the culture and management at leismere

The People of Alberta own the Oil Sands.
No one is going Edmonton !
Provincial Legislation will be passed within the year to prohibit Outsourcing of jobs that are related to the Oil Sands Industry. So not only will the large majority of the 900 jobs not go to BTC . BTC will lose their jobs which will be brought back to Alberta.
We own the product … Exxon.
You Don’t !
We need Companies that Put Alberta First. Not Companies like yours and Tim Hortons who displace Albertans from their jobs with foreign workers.
So when your Oil Leases come up for renewal, your Camp permits require approval don’t think they can’t be rejected.
Like you rejected 900 Albertans and their families.

In case people haven't noticed; this has been standard operating procedure for Imperial Oil Ltd. over the last at least 10 years, and for sure since their restructuring at FAP. Do more with less and if you buy-in we may allow you into our cliché (as they smile) and stick around to do double the work until the next time the knives come out.

Sad.......... Imperial Oil do better! When will the notification come out that Exxon has purchased the remaining 30.4% share of IOL, and then sells off the last of Imperials unwanted assets! To be continued............

Story by Katherine Hamilton

Imperial Oil plans to reduce its workforce by 20% by the end of 2027.

The job cuts, along with broader restructuring efforts, are expected to save $150 million a year by 2028, the Canadian oil company said Monday.

Imperial had 5,100 regular employees at the end of 2024, according to its annual report.

The other restructuring efforts include working more closely with its major shareholder, ExxonMobil, to drive productivity improvements, including higher production, reduced downtime, lower unit operating costs and better project planning. Imperial also said it plans to further consolidate activities to its operating sites.

The Calgary, Alberta, company expects a one-time restructuring charge of $330 million before taxes in the third quarter. Its 2025 guidance is unchanged.

https://www.msn.com/en-us/money/markets/imperial-oil-to-cut-20-of-workforce-in-next-two-years

Shell needs to lose some fat to survive. It should follow ExxonMobil owned (69.6% owned by ExxonMobil) Imperial Oil, and reduce workforce by 20%. On top of that send people to the plants, away from the relaxed life in the big cities.

Rankin is a hollow shell of what it once was.

Newfoundland boy invites you all 5PM eastern

Is announcing an Upstream move to Edmonton a way to get people to quit ?
The Oilers are offering $15 Million to McDavid and he still wants to leave Deadmonton .

What do we think about HR selections?

Very connected senior employee halfway around the world told me today Imperial was to be sold. Stopped by here to see total panic so am thinking it must be real.

What a great prank. First it was 6 AM before markets open for a big announcement, then it was in the morning when business opened, then it was afternoon so that managers get a heads up first. Now it’s end of day when markets have closed. Some are saying it’s Friday. This sounds like those rapture predictions - it’s today, no, tommorow, no, next week for sure!!! L-M-A-O is all I have to say

Stop fear mongering, nothing is happening today nor tomorrow nor any other day. Just check your senior leaders calendars there is nothing suspicious there. And kearl asset manager is on days off, don’t you think he would be working if there were layoffs. Calm tf down.

Generally speaking, most O&G companies are a mess. Changes to work from home; limited to no longer available, chaotic environments, and inconsistent leadership. I've worked at a few, and each one felt like its own kind of circus.

That said, what makes CNRL stand out (negatively) compared to peers like Cenovus or Suncor?

If you started at CNRL’s Calgary corporate office, what do you wish you’d known beforehand? Would you genuinely advise others to steer clear?

The writing is on the wall. Pips are getting harder to pass. Employees in thier 40s and 50s are being pushed out. It's a huge toliet bowl that is on constant flush. I along with others are having our work outsourced. Most of the work is going to india and we just review it. We are all being systematically pushed out. All work groups are being gutted. I feel sorry for the new hires that are told the lies about a job for life. They are not told of the constant piping and cutthroat ranking system.
OP: @ag+1k687ancz

This is the gist of it. How it will all play out for regions or orgs, doesn’t really matter.

Occidental Petroleum in talks to sell OxyChem chemical unit for at least $10 billion

Occidental Petroleum has announced that it is in advanced talks to sell its chemical division, OxyChem, for at least $10 billion. The announcement sent Occidental's stock rising over 1% in premarket trading. The potential sale is expected to accelerate the company’s efforts to reduce debt and improve shareholder returns, according to Barclays. An announcement could come in the next few weeks, marking a strategic shift for Occidental as it focuses more on financial strengthening and streamlining operations.

OxyChem is a major global producer of chlor-alkali, PVC and caustic potash, with strong cash flow and links to Occidental’s Direct Air Capture initiatives. Despite its operational value—evident in Barclays’ projected EBITDA growth from $1.24 billion in 2025 to $1.46 billion in 2027—Occidental appears willing to divest the unit to boost balance sheet health. The $10 billion price tag reflects a roughly 7x EBITDA multiple for 2026–2027, higher than the company’s current valuation multiples. Even after taxes, the deal is expected to be slightly accretive, further reinforcing positive investor sentiment.

https://www.hydrocarbonprocessing.com/news/2025/09/occidental-petroleum-in-talks-to-sell-oxychem-chemical-unit-for-at-least-10-billion/?oly_enc_id=7798E9325367A8R

Apparently, management and leadership are attending a forum, which may or may not mean anything. If anyone has updates, please share. I really hope all of this turns out to be just unsubstantiated rumors - not because I’m invested in this company, but because I need this job, like the vast majority of us do.

I’m not sure if it’s happening today or later this week, but I know it’s not related to this place or trolling. People who had no idea what this site was when I mentioned it are on edge because they’ve heard the same rumors we have here.

Who else is “glad to be here”? Has it came to your refinery yet?

Apache has several headwinds ahead that could alter the company’s outlook and trajectory.
Abandonment liabilities increasing into the +4 billion dollar range as North Sea and Fieldwood combine to create a very significant financial drag.
Permian basin starting to show signs off deliverability well issues as wells enter the post flush phase…that long runway is looking less attractive.
Gran Morgu…aka Deepwater Alpine High…something is off here…like a purposeful delay and concern from project manager…that the promised 250,000 bopd peak may actually be closer to half advertised and with high decline rates

Had 3 lay off is in my department over the last week and was told we were done with so called lay offs for the rest of the year. However I am seeing the forecast of $50 a barrel by January so I’m sure our jobs will be sent oversees again and I will be back on unemployment in the new year.

ST. JOHN’S, NL, CANADA, September 24, 2025 – North Atlantic France SAS (“North Atlantic”) announced on May 28, 2025, that it had entered into exclusive negotiations with ExxonMobil France Holding SAS (“ExxonMobil”) for the acquisition of ExxonMobil’s entire stake in Esso Société Anonyme Française SA (“Esso S.A.F.”) and ExxonMobil Chemical France SAS by signing a put option agreement. Following the information and consultation process of employees’ representative bodies, North Atlantic today announces that it has entered into an agreement with ExxonMobil to acquire ExxonMobil’s entire stake in Esso S.A.F. (the “Controlling Block”) and EMCF.

This marks an important step in North Atlantic’s project to establish a long-term presence in France, contributing to European energy security, industrial resilience, and energy transition.

The completion of the project remains subject to customary regulatory conditions applicable to this type of operation, including foreign direct investment control in France, and finalization of certain financing arrangements.

Ted Lomond, President and CEO of North Atlantic, President of North Atlantic France stated: “Our commitment to France is long-term. By building on Gravenchon’s record of industrial excellence, we aim to strengthen energy security and resilience while accelerating the transition to lower-carbon solutions. This project reflects our ambition to grow North Atlantic into a premier transatlantic energy company, with strong foundations on both sides of the Atlantic.”

Simon Fenner, CEO of North Atlantic France stated: “With the signing of this agreement, North Atlantic reaffirms its ambition to consolidate the Gravenchon site and provide it with an ambitious development plan to serve the French energy and industrial sectors. We are firmly committed to completing the transaction by year-end.”

As a reminder, on May 28, 2025, North Atlantic had announced that following the acquisition of the Controlling Block in Esso S.A.F., it would file a mandatory tender offer for the remaining shares of Esso S.A.F. on the same financial terms as the acquisition of the Controlling Block.

Furthermore, it should be noted that the Board of Directors of Esso S.A.F. has convened a Shareholders Meeting on November 4, 2025 to deliberate on the proposal for a distribution of reserves, amounting to €60.21 per share, with payment scheduled for November 14, 2025.

During the discussions between ExxonMobil and North Atlantic over the past months, the two parties agreed to a downward adjustment of the purchase price for the Controlling Block, to reflect certain social liabilities. This downward adjustment will not affect the price offered to minority shareholders of Esso S.A.F. in the context of the mandatory tender offer for the remaining shares, which will be determined after taking into account the various adjustments described in the press release dated May 28, 2025, namely:

• a downward adjustment to reflect the amount of cash distributed by Esso S.A.F. prior to the date of completion of the acquisition of the Controlling Block (i.e., an amount of €113.21 per share, corresponding to a dividend of €53 per share payable on July 10, 2025, and an amount of €60.21 per share in respect of the distribution proposed by Esso S.A.F. and to be paid on November 14, 2025, subject to the approval of the Esso S.A.F. shareholders meeting);

• upward adjustment by a ticking fee mechanism corresponding to accrued interest on (i) a first base amount of €362,000,000 at the euro short-term rate plus 2% per annum between March 2, 2025 and the closing date, and (ii) a second base amount of €950,000,000 at a rate of 2.4% per annum between March 2, 2025 and the closing date;

• upward or downward adjustment to reflect the change in the euro value of Esso S.A.F.’s inventory and equal to the difference between the crude oil value of ten (10) million barrels as of December 31, 2024 and the crude oil value of the same number of barrels as of a period prior to closing that will depend on the date of the contemplated transfer of the ownership of ESAF inventory to a bank.

The final price for the acquisition of the Controlling Block will be definitively set prior to the completion of the transaction and will be communicated to the market in due course.

The completion of the transaction is still expected in Q4 2025. North Atlantic reiterates its commitment to delivering a comprehensive and well-managed transition, with the intention to maintain employment and existing compensation and benefits.

https://northatlantic.ca/media-releases/north-atlantic-france-sas-milestone-project-majority-stake-in-esso-societe-anonyme-francaise-exxonmobil-chemical-france-sas/

Well after 13.5 years of loyal service including 2 moves halfway across the United States I was unlucky this time and got left standing. I remember when I got hired I was told during on boarding that I had essentially won the lottery and that I can work 30 years and retire a millionaire. Well I've been through 4 re-orgs across 3 business units. But hey I still have a chance to land a lesser paying role during the quick PDC. I've devoted almost 25 years of my life to the oil industry and now I'm left scratching my head wondering what I'm going to do. Do I switch industries and hope that I can find a comparable paying job or do I uproot my family once again chasing the dream to remain in the industry that has blessed me beyond my wildest dreams? I have years of knowledge but can't hang a college diploma up in my office. It's sad because I feel that the company that I dreamed of working for not value on the job knowledge the way they value a college diploma. I feel like this company is turning in to a popularity contest and upper management not wanting to be challenged with new ideas or ways of doing things they seem to want yes men/women.

https://www.eia.gov/outlooks/steo/

Global oil prices. We expect the Brent crude oil price will decline significantly in the coming months, falling from $68 per barrel (b) in August to $59/b on average in the fourth quarter of 2025 (4Q25) and around $50/b in early 2026

So it's only gonna get worse in 2026 then, I guess it really is time to jump ship. There was another thread a few months ago asking where halliburton was headed and it seems to me that they want to return to a pure services company, at least stateside. This is why they're purging all manufacturing from here. Seems like the only answer if you work in the manufacturing side is to get out. There is absolutely no future and they're telling us all every time they close another building.

I was told dbs lease on the building only has 1 year left on it. somehow i don't think they will be renewing it.