Peter Bremmer

offshore

The Plight of Australian Offshore Workers

By Peter Bremmer 2016-11-04 18:29:58

Offshore petroleum exploration in Australia has plummeted. The driver of the decline in offshore exploration is of course the 70 percent decline in the price of oil, and the impact on the offshore industry has been the deepest and most sustained ever experienced in Australia.  Industry sources report that more than 1,000 seafarers have lost jobs in the downturn. Mermaid Marine Offshore, an ASX listed operator and probably the largest in the local camp, has reduced its headcount by 50...

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