PPRuNe Forums - Impact of low oil price on oil and gas contracts.

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- - Impact of low oil price on oil and gas contracts. (https://www.pprune.org/african-aviation/573797-impact-low-oil-price-oil-gas-contracts.html)

early riser

27th Jan 2016 05:33

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 ?

Ihadadream

27th Jan 2016 12:02

Well Bristow and CHC are having to make some dramatic (read layoff) changes

mkenya

27th Jan 2016 12:12

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.

unstable load

30th Jan 2016 08:47

All the offshore operators are cutting costs in some form or another, usually in staff numbers.

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