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sfr

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  1. sfr

    Aberdeen, Aspc Stats

    https://www.bbc.co.uk/news/uk-scotland-scotland-business-46370504 I personally have seen a huge uptick in agency emails, adverts and talk amongst people looking for new starts.
  2. sfr

    Aberdeen, Aspc Stats

    Sounds like loads of contractors closed their Ltd Co’s.... as states it was professional, technical sector.
  3. sfr

    Aberdeen, Aspc Stats

    Correlation with contractor rates? Employment? FRom the latest movers and info i have, there is some investment happening. The Finlaggan project which Worleys have, PDMS have won work from KCA in Baku (ok not north sea but work happening in ABZ), Woodies have won some more work and i know friends who are back there. From what Ive also seen, in the Aberdeen area, if your a driller, a structural engineer or piper, there are quite a few more jobs around to be had. OK, not the same in the heyday, but rates are creeping back up. Anecdotally, i know Lead Pipers rates have been moving upward. Also know a process engineer in a smaller operator, recently moved, commanding upwards of £80+ per hour and rising. Will this save the house prices from falling further, probably not, but the rates are rising, and the jobs are filtering through. Back to houses, i know someone who works on oil trying to sell a house in Kemnay, the one of 7 on the street, Stuart Crescent. Not going to say which one but go see ASPC to see them all. Been on the market for a long time. No bites at all. But there have been some distressed sales https://www.zoopla.co.uk/property/15-stuart-crescent/kemnay/inverurie/ab51-5rz/31021761 Sold in 2013 for £399k, 2018 sold for £296k.... ouch. This has inadvertently dropped the valuations while these languish. If they dont get the price they want, they will just keep it, as they arent giving it away.....
  4. sfr

    Aberdeen, Aspc Stats

    I’m hearing lots of tendering going on and should come to fruition end Q1 and in Q2 for the big EPCs. Lots of short term ‘bed hopping’ work for contractors. But not the big numbers as seen before and now deign long termed coming back into the fold. interestingly. An EPC which sounds like it rivals Ikea have given a juicy 3-4% pay rise for staff in already overpriced and overpaid Melbourne office...
  5. Particleman on the money as usual http://www.news.com.au/finance/economy/australian-economy/australias-economy-is-built-on-shaky-foundations-and-its-about-to-collapse/news-story/d924ef058941e0df3b8e4896e38db882
  6. sfr

    Aberdeen, Aspc Stats

    I just had a quick look on ASPC at 2 bedroom flat prices in town. I'm not looking for a flat BTW but know quite a few folks who have them and rent them out. i saw prices in the selection I saw range from £92k to £280k! £280k for a 2 bedroom flat??? anecdotally one of them I know just managed to get the flat rented out again. Down from £950 at peak to £650 per month a few weeks ago. Flat in a reasonable new build. Ground floor top of Holborn area. Like so many others they bought a flat before, price skyrocketed from £40k to £100k. Sold that then fed that gain forward to the current place. Who on earth is going to buy these 2 bedroom flats. All 1093 of them sitting on the market? 1 bedroom flats. 660 of them all look like they're averaging the £100k to £120k.... highest i saw in my selection was £220k... WTF?? still madness...
  7. sfr

    Aberdeen, Aspc Stats

    It all seems to have went flatline in the O&G game just now. From what I'm seeing and hearing the big EPCs have stopped haemorrhaging jobs. Wood Group are obviously buying Amec. Amec have won a Buzzard Phase 2 FEED and are manning up for that (or redeploying existing peeps). Petrofac seem to be recruiting too. Its the smaller companies who are cleaning up with the work. Companies like Apollo and PD&MS are recruiting. The latter for quite a few bodies lately. it seems that if you have a job now. The general feeling is that you're safe now and past the worst. Not saying it's on the up. But it's not getting worse. Some might say slightly getting better. How will this translate into the housing market tho, well that's a different story. Still lots of people out of work who did let go. I have heard quite a few anecdotal of offshore workers being out over a year and their parents are paying their mortgages! Another anecdotal is a friend has put his house up for sale on north side of Inverurie. Not looking good. In NE, on market for a while and competing with the new builds. Apparently there's another 416? New builds going up round the new school on the oldmeldrum road at Inverurie. More oversupply. Another anecdotal with a friend few days ago and a conversation with his daughter. House in Cove. Up in arms as the house was 'undervalued' by surveyor. Dad told them to challenge that. It's worth much more! They're not giving it away.... The mindset remains....
  8. sfr

    Aberdeen, Aspc Stats

    AMEC town hall this week they were told it'll be done n dusted by November this year..... watch this space. WG confirmed their HQ will be the one staying.
  9. sfr

    Aberdeen, Aspc Stats

    Yes. It's true. There is discrimination as the recruiting companies want stability as the spend a lot of money. Time. Effort. In looking for candidates. The positions are normally staff they are applying for (in non O&G). Not many contract roles out there. Try converting a contractor into a staffy.... These guys are normally jump ship for an extra 2p types. Their CVs probably littered with contract to contract short term roles. Add in their previous high salary and lifestyle (and expectations) it's probable an evens bet they will jump! The chickens have come home to roost. I don't like seeing guys suffering but some types. Oil types. Just bring (brought) it on themselves. So normal selective recruitment process being rebadged as discrimination....
  10. sfr

    Aberdeen, Aspc Stats

    http://www.bbc.com/news/uk-scotland-north-east-orkney-shetland-38875517 Marischal Square. Only 10% office space uptake so far!
  11. sfr

    Aberdeen, Aspc Stats

    Haha. So much for BP blah blah we are committed to the North Sea blah blah. Enquest. There's an interesting sale. They aren't exactly in the best of financial health are they? Also more interestingly, BP were (are near the end) of an 18 week EOR project for Magnus. AmecFW are doing it... Spose that's now off the cards?
  12. sfr

    Aberdeen, Aspc Stats

    So did Dolphin Drilling too it would seem. The contractors don't make the news. Staffies make a wee bit of a headline. Still bleeding people nonetheless.
  13. sfr

    Aberdeen, Aspc Stats

    It's the P&J. It's not likely they were going to talk the 'market' down was it.
  14. sfr

    Aberdeen, Aspc Stats

    House sales down 24% in 2 years https://www.pressandjournal.co.uk/fp/news/aberdeen/1092808/undefined-headline-2207/
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