Steppenpig Posted January 21, 2016 Share Posted January 21, 2016 http://www.dailymail.co.uk/news/article-3410415/The-oil-rig-graveyard-dozen-thousand-tonne-structures-parked-unused-Scottish-firth-market-swamped-cheap-crude-demand-drilling-drops.html Oooh, now I've got a reason to go visit the folks, I'm looking forward to seeing that. (If it's the bit I'm thinking, there's usually a few rigs there even in normal times. But not more than half a dozen) Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted January 21, 2016 Share Posted January 21, 2016 I don't think anybody who visits here is enjoying the fact that oil workers are losing jobs though. But think of these cold stacked rigs like skyscrapers. You know, the ones that pop up just before a big recession. Drilling is just about 100% speculation, and if there's no punters, they will cold stack. It will come back, but most of these rigs will be scrapped, with new ones built abroad. Its the engineering of them. I know. I've been on 100's of rigs/vessels all over. Once you lose the capital components to corrosion and abandonment, it is usually cheaper to buy new. Might take a few million squid to drill a well, and you may only get a small weather or political window to do so, and being in refit for donkeys years isn't going to get you the prized day rates of £250k or more. Well I'm certainly not happy. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 21, 2016 Author Share Posted January 21, 2016 I don't think anybody who visits here is enjoying the fact that oil workers are losing jobs though. Definitely not. It the spivs, middlemen, speculators and financiers I have the gripes with. Actual wealth generators are 100% fine by me, Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted January 22, 2016 Share Posted January 22, 2016 http://www.dailymail.co.uk/news/article-3410415/The-oil-rig-graveyard-dozen-thousand-tonne-structures-parked-unused-Scottish-firth-market-swamped-cheap-crude-demand-drilling-drops.html "House prices have also plummeted. The period July to September was down 13.5 per cent on the year, with the value of properties dropping by 16.6 per cent" Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted January 22, 2016 Share Posted January 22, 2016 https://www.energyvoice.com/other-news/99586/aberdeen-hit-by-largest-hotel-occupancy-drop-in-uk/ Aberdeen had the largest fall in hotel occupancy and revenue of anywhere in the UK, new figures have shown. The latest report by accountants and business advisers, BDO LLP, showed occupancy in the Granite City fell by 19.7% compared with 2014. Meanwhile revenue fell by 45.7% from £79 to £43 in 2015. The figures were for the month of October in 2015. Wow. For those that aren't aware of the Aberdeen area, its been subjected to massive VC speculation in commercial ventures in the past few years; office spaces, hotel complexes, retail spaces. So many of these office spaces are sitting empty, or occupied by skeleton crews, or a security guards. Examples ; A specialist vessel contractor has a massive presence just west of Aberdeen city, and now they've moved all the staff into one of the complexes. There are commercial 'to let' signs in all the once busy industrial estates around Aberdeen city; Tullos, Westhill, Altens, Wellheads, Pitmedden, Kirkhill, Bridge of Don, etc. The hotels were built on the idea that oil workers need digs during their mob/demob days and their parent company/client will be paying top rate for rooms, often fleecing folk out to 100's of pounds. And then there are the several big industry shows per year that pack the place. So basically, many of these hotels are sitting empty and awaiting the return of an economic model that will likely never return. Same goes for all the office space. Quote Link to comment Share on other sites More sharing options...
workingpoor Posted January 22, 2016 Share Posted January 22, 2016 (edited) Sturgeon begs for "City Deal" for Aberdeen https://www.holyrood.com/articles/news/nicola-sturgeon-urges-prime-minister-confirm-city-deal-aberdeen--matter-urgency Looks like those £200 minimum withdrawal cashpoints could be a thing of the past, do the taxi drivers still drive AMG Mercs? What about the nightclub with £1000 minimum spend tables? I wish they had got Independance. Edited January 22, 2016 by workingpoor Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted January 22, 2016 Share Posted January 22, 2016 (edited) Looks like those £200 minimum withdrawal cashpoints could be a thing of the past <-- eh? What's this? Never heard of it. do the taxi drivers still drive AMG Mercs? <-- yep, but not so many now What about the nightclub with £1000 minimum spend tables? <-- went bust about a month later I think, lol, it was a dump too. The proprietor obviously never tried overcharging a teuchter for a pint Edited January 22, 2016 by cashinmattress Quote Link to comment Share on other sites More sharing options...
workingpoor Posted January 22, 2016 Share Posted January 22, 2016 Looks like those £200 minimum withdrawal cashpoints could be a thing of the past <-- eh? What's this? Never heard of it. do the taxi drivers still drive AMG Mercs? <-- yep, but not so many now What about the nightclub with £1000 minimum spend tables? <-- went bust about a month later I think, lol, it was a dump too. The proprietor obviously never tried overcharging a teuchter for a pint Cashpoints at the arrivals hall: http://www.telegraph.co.uk/finance/oilprices/11397855/Aberdeen-is-paying-the-price-for-oils-decline.html Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted January 22, 2016 Share Posted January 22, 2016 Cashpoints at the arrivals hall: http://www.telegraph.co.uk/finance/oilprices/11397855/Aberdeen-is-paying-the-price-for-oils-decline.html Hmm. I was in a shopping centre in Poland recently, and it was 'calibrated' to dole me out 1000 zlotys (£100). I just pressed 'other amount'. Also happened in Croatia last year, offered me 1000 kunas (£100) or other amount. What are the cash points offering at Heathrow as a first choice? I don't see how that is news. Quote Link to comment Share on other sites More sharing options...
Kurt Barlow Posted January 22, 2016 Share Posted January 22, 2016 Are you sure. Some of the old sh1te ive been on. Ive wondered if they'll sink before they get a chance to scrap them. Actually thinking about it, it was just one company that seemed to have all the shite. Italian. At on point on one of their vessels you had a mathematically higher chance of comming back from Afghanistan unharmed as a uk soldier than as a Phillipino deck hand from that vessel. Saipem, Bluewater by any chance? Quote Link to comment Share on other sites More sharing options...
reverand_cat Posted January 22, 2016 Share Posted January 22, 2016 Sturgeon begs for "City Deal" for Aberdeen https://www.holyrood.com/articles/news/nicola-sturgeon-urges-prime-minister-confirm-city-deal-aberdeen--matter-urgency Looks like those £200 minimum withdrawal cashpoints could be a thing of the past, do the taxi drivers still drive AMG Mercs? What about the nightclub with £1000 minimum spend tables? I wish they had got Independance. The cash machine was I think a Forex machine in the airport, so a fabrication of the truth. Also, that club as ludicrous as it was only had one minimum spend table to he booked for 12 people, so not quite how it was described. Anyway, rumour has it that club was destined to fail, as the owner tends to set up business and put them under for tax reasons. Quote Link to comment Share on other sites More sharing options...
workingpoor Posted January 22, 2016 Share Posted January 22, 2016 Well it was all indications of people living in a bubble which has now popped. Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted January 22, 2016 Share Posted January 22, 2016 Are you sure. Some of the old sh1te ive been on. Only going on what I see and hear mate. In a downturn the bean counters are front and centre and engineers put to the back or out to pasture, along with their toys. http://www.offshoreenergytoday.com/ocean-rig-could-scrap-its-semi-submersible-rigs/ http://www.offshoreenergytoday.com/more-floaters-scrapped-in-one-year-than-in-previous-two-decades/ http://www.oedigital.com/subsea/item/8637-rigs-to-be-scrapped-and-deliveries-delayed http://fuelfix.com/blog/2015/05/29/seadrill-execs-expect-scrapping-of-deep-water-rigs-to-accelerate/ http://marketrealist.com/2015/08/cost-cutting-plans-really-helping-offshore-drillers/ http://marketrealist.com/2015/09/will-rowan-continue-stack-scrap-rigs/ etc Quote Link to comment Share on other sites More sharing options...
reverand_cat Posted January 22, 2016 Share Posted January 22, 2016 LOL. https://www.cala.co.uk/homes-for-sale/north-of-scotland/parklands/phase-1/plot-21 Quote Link to comment Share on other sites More sharing options...
workingpoor Posted January 22, 2016 Share Posted January 22, 2016 (edited) she's goin down........ Aberdeen hotels have suffered a 46% one-year drop in revenue per room, as the oil industry downturn has seen business spending cut. It was the worst performing part of the UK last October, according to a regular survey of 3 and 4 star hotels by accountants BDO. http://www.bbc.co.uk/news/uk-scotland-scotland-business-35387418 Edited January 22, 2016 by workingpoor Quote Link to comment Share on other sites More sharing options...
Neptune Posted January 22, 2016 Share Posted January 22, 2016 Only going on what I see and hear mate. In a downturn the bean counters are front and centre and engineers put to the back or out to pasture, along with their toys. http://www.offshoreenergytoday.com/ocean-rig-could-scrap-its-semi-submersible-rigs/ http://www.offshoreenergytoday.com/more-floaters-scrapped-in-one-year-than-in-previous-two-decades/ http://www.oedigital.com/subsea/item/8637-rigs-to-be-scrapped-and-deliveries-delayed http://fuelfix.com/blog/2015/05/29/seadrill-execs-expect-scrapping-of-deep-water-rigs-to-accelerate/ http://marketrealist.com/2015/08/cost-cutting-plans-really-helping-offshore-drillers/ http://marketrealist.com/2015/09/will-rowan-continue-stack-scrap-rigs/ etc There seemed to be a lot of old crap floati g around in the late 90s early 2000s. 2005 onwards seen a lot of new stuff coming on line, still a lot being built in yards. They carried on using the old stuff due to sheer demand. But i reckon youre right theyll use this downturn to get rid of a much old rigs And vessels as they can. Quote Link to comment Share on other sites More sharing options...
fluteroop Posted January 23, 2016 Share Posted January 23, 2016 The knock-on effect to all those lucrative employment agencies will be real, too. Seems to be an agency for every job advertised. Quote Link to comment Share on other sites More sharing options...
Neptune Posted January 23, 2016 Share Posted January 23, 2016 Saipem, Bluewater by any chance? Saipem. Horibble working conditions. Quote Link to comment Share on other sites More sharing options...
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