Thread regarding ExxonMobil Corp. layoffs

Which low value asset will be the next to get disposed?

  1. EMTECh(R)
  2. Canadian assets (upstream and downstream)
  3. Fawley
  4. Nigeria

by
| 1 view | | 18 replies (last 18 minutes ago) | Reply
Post ID: @OP+1m1b1d178

18 replies (most recent on top)

Just look at what is being chased for the Horizon challenge. Projects that have failed to launch after being discovered decades ago and worked many many times already.

the truth is this thanks @fq

clueless downstream management excited at any BS thrown their by sycophant upstream managers, who know these are valueless opportunities. and not suprised if they don’t know as well given gross incompetence in L3 L4 levels

by
| | Reply
Post ID: @h3+1m1b1d178

@gx no ! we keep you for now

by
| | Reply
Post ID: @h1+1m1b1d178

Me

by
| | Reply
Post ID: @gx+1m1b1d178

Fawley maybe

by
| | Reply
Post ID: @gp+1m1b1d178

@ds at some point all the high value projects will be developed, and the industry will have to pivot to lower value / lower return projects just to satisfy demand. At this point the market will have to adjust (higher oil prices) or there will be a significant supply shortage until that adjustment. Get ready for higher than ever oil/gas prices, the only question is when.

by
| | Reply
Post ID: @g9+1m1b1d178

Hopefully DW

by
| | Reply
Post ID: @g5+1m1b1d178

@OP ask DW at the next employee forum

by
| | Reply
Post ID: @ft+1m1b1d178

Just look at what is being chased for the Horizon challenge. Projects that have failed to launch after being discovered decades ago and worked many many times already.

by
| | Reply
Post ID: @fq+1m1b1d178

Ventures or vultures?

by
| | Reply
Post ID: @fp+1m1b1d178

There are a few in uncon that has a lot of people STH. Spending money like dr sailors .ventures or adventures ?

by
| | Reply
Post ID: @ea+1m1b1d178

@bc people in the BP and Shell boards are saying they only have low-value assets too. Is the industry dying?

by
| | Reply
Post ID: @ds+1m1b1d178

EMTEC isn't low value, it's no value.

by
| | Reply
Post ID: @de+1m1b1d178

Definitely EMTech. The new support model does not call for their services anymore. If you’re not supporting asset, then you’re just overhead.

by
| | Reply
Post ID: @d0+1m1b1d178

All we have left are low value assets

by
| | Reply
Post ID: @bc+1m1b1d178

You want EMTech on the wall! You need EMTech on the wall! Without EMTech, who would solve all your engineering needs?

by
| | Reply
Post ID: @az+1m1b1d178

All Canadian sites are making good money inspite of paying through the nose for ever degrading support from emtec and .....as always emit

by
| | Reply
Post ID: @a9+1m1b1d178

@OP EMTEC

by
| | Reply
Post ID: @a4+1m1b1d178

May be one of the ventures?

by
| | Reply
Post ID: @a3+1m1b1d178

Post a reply

: