Oil and gas workers saw their salaries fall 1.4 percent over the past year after a sharp decline in oil prices forced their employers to trim costs, but their average global salaries remain high at more than $80,000 (£56,057) a year.

Oil and gas companies are facing a steep decline in revenues because oil prices have declined nearly 75 percent since the middle of 2014, leading to billions of dollars of budget costs.

http://www.offshoreenergytoday.com/oil-gas-salaries-fall-as-price-slump-forces-cost-cuts/?utm_source=emark&utm_medium=email&utm_campaign=daily-update-offshore-energy-today-2016-01-19&uid=217924

Only 1.4%?

The job I'm on now, as an independent contractor, my day-rate is down 30% from a year ago.

Current rate for new jobs is already more than 50% down from a year ago. In fact, it will be less than the day-rate was 10 years ago.

Frankly, I don't believe that figure of 1.4%. All the people I know that work as salaried employees for oil service companies have taken cuts much greater than 1.4%.

only 1.4% huh !! and what about all the other industries ? mining, service, retail, tourism ..... I know most of those workers have had cuts of alot more than 1.4% .... try 20-30%

where do they dream up these numbers ...

Given the decline in oil prices, if salaries have fallen only 1.4% I would question that data.

If they are looking strictly at "salaries", as opposed to hourly/contract/day-rate, then perhaps it is a correct figure.

Yes, 1.4% does seem low, we have brought down our agencies day rates to figures that I have not seen since the late 90's

More like the above guy's said. If your still lucky to be in a job, then as most of us have seen 20 - 30% is the norm as well as benefit cuts too.

It seems like another case of lying with statistics, or at least giving incomplete information.

If the average "salary" (depends upon how "salary" is defined) has dropped by 1.4%, but they have gotten rid of half of the people on "salary", then that is quite a different story.

Reading the article did not really clarify things much.

I'm down 20% on day rate... The work has also thinned out / less frequency.

I guess I'm down to 50% but feel lucky and happy and ready to work my nuts off to prove I am still worthy of being given work.

Given all those who I know in the industry who've taken large pay cuts of have lost regular work I question the figure of 1.4% drop in Salaries. I simply can't see that figure being realistic at all.

Actually, I'm more inclined to say "bugger this......give me a call when the rates go back up".

Yes, I know.......a long wait.

Actually, I'm more inclined to say "bugger this......give me a call when the rates go back up".

Yes, I know.......a long wait.

What is your prediction? when rates go back up?

Actually, I'm more inclined to say "bugger this......give me a call when the rates go back up".

Yes, I know.......a long wait.

What is your prediction? when rates go back up?

My crystal ball tells me late 2018.

For European expats I don't believe that rates will return to what they were previously, I think it's going to get even harder to compete with TCN's.

yep... got aN email few days ago re offshore client rep role.. as requested, submitted my day/rate (being generous i put in what i was actually making 8 years ago)

... came back and asked would I accept 20% less due to current climate etc.... I said, ok, ... came back and asked would i go lower as client may want to negotiate (bear in mind this is one of the oil majors)...... Replied, that I was not interested in negotiations and suggested that they look for someone less qualified /experienced if they wanted to save money..

yep... got aN email few days ago re offshore client rep role.. as requested, submitted my day/rate (being generous i put in what i was actually making 8 years ago)

... came back and asked would I accept 20% less due to current climate etc.... I said, ok, ... came back and asked would i go lower as client may want to negotiate (bear in mind this is one of the oil majors)...... Replied, that I was not interested in negotiations and suggested that they look for someone less qualified /experienced if they wanted to save money..

I think I would have done the same.

For them to come back and ask you to take 20% less is fine, that in negotiation.

But when you accepted that, then they came back and asked if you would go lower, that is chickenshit.

a Leccy Supv. mate on same barge last month accepted a large rate cut, between his rate reduction and being offered less contracted days( from 8/4 to 5/5) he will be just short of 45% down on the previous year, so far I've been lucky

I just knocked back a 4 & 4 on a Total FPSO in Nigeria. Was 60% of my salary last year in Angola, and I have been idle now for 10 months.

OK

Not in drilling,

Pipeline construction, just started in Aus after offshore for 2 years, same dayrate as was offered on the last Aus job.

Maybe different for the drilling guys, but for pipeline NDT overseas rate (AUT) are the same as in Canada (which is full on ) I'm happy for now.

But as we all know, the current job could be your last, ( 39 year veteran )

Regards

Ken