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Impact of low oil price on oil and gas contracts.

African Aviation Regional issues that affect the numerous pilots who work in this area of the world.

Impact of low oil price on oil and gas contracts.

Old 27th Jan 2016, 06:33
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Join Date: Jan 2010
Location: South Africa
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Impact of low oil price on oil and gas contracts.

The oil price is sliding with no end in sight, how does/will this affect the Companies who rely on the Oil and Gas sector for survival ?
early riser is offline  
Old 27th Jan 2016, 13:02
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Well Bristow and CHC are having to make some dramatic (read layoff) changes
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Old 27th Jan 2016, 13:12
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Join Date: Apr 2006
Location: Nairobi
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The upside is that the airlines ferrying the public will make more profits and can afford to hire more.

But yeah, a lot of Oil and Gas contracting companies are having a really hard time.
mkenya is offline  
Old 30th Jan 2016, 09:47
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All the offshore operators are cutting costs in some form or another, usually in staff numbers.
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