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OilCareers.com Joins Forces With Air Energi To Announce Latest Oil & Gas Workforce Survey

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Joint report anticipates a continual rise in recruitment with a steeper salary hike in the first half of 2011 March 14, 2011: Salaries in the global oil and gas industry are to increase throughout 2011 according to a joint report from OilCareers.com, the international job board for the oil and gas industry, in association with partner Air Energi, a global provider of manpower solutions to the energy sector. Focusing on employment and salary trends in the energy sector throughout 2011 the report, entitled ‘The Global Oil & Gas Workforce Survey: Expectations for hires and pay rates in the oil and gas industry H1 2011’, addresses the issues that affected the oil and gas industry across 2010 and what they mean for the first half of 2011. The report predicts that, globally, salaries will increase throughout 2011, with the number of hires across Africa, the Americas, Asia Pacific, Australasia, Caspian, Europe and the Middle East also remaining strong. With activity set to rise in the oil and gas sector many companies are expected to focus recruitment on the individual – ensuring that the right talent is in the right place for the right price. In the North West region of the UK, drilling is due to take place to extract shale gas, while a predicted pick up in project activity worldwide will keep design firms in Aberdeen and London busy throughout 2011


Deep-Sea Robot Lost at Sea

Photo courtesy Woods Hole Oceanographic Institution

A deep-sea exploration robot — one of the first successful submersible vehicles that was both unmanned and untethered to surface ships — was lost at sea Friday, March 5, on a research expedition off the coast of Chile. The 15-year-old Autonomous Benthic Explorer, affectionately nicknamed ABE, was launched late on the night of Thursday, March 4, and had reached the seafloor to begin its 222nd research dive when, in the early hours of Friday morning


Greenpeace In Legal Battle With U.K. Over Oil Exploration

Environmentalist group Greenpeace reportedly took the UK government to court over what it sees as Britain's failure to protect coral beds, whales, dolphins and other marine life from the effects of oil and gas exploration. Greenpeace officials said the government has failed to apply the European Union Habitats Directive to oil and gas exploration in the relatively deep waters of the Atlantic Frontier, where oil companies believe large new oil reserves are waiting to be tapped.


Oil Discovery Close to Vigdis Field

StatoilHydro has struck oil during the drilling of an exploration well and a sidetrack north of the Vigdis East field in the North Sea. The proven recoverable resources are estimated at about 25 million barrels of oil. The well confirmed the existence of a 280-metre oil column in rocks with good reservoir properties. "Our exploration activities close to fields on stream are successful and the discovery again confirms that there is still a great potential in this part of the North


BOEMRE Approves GOM Deepwater Exploration Plan

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) announced the approval of a deepwater Gulf of Mexico Exploration Plan (EP) following the completion of a site-specific Environmental Assessment (SEA) for deepwater oil and gas exploration.   Shell Offshore, Inc.’s Supplemental EP includes five proposed exploratory wells in approximately 7,160 to 7,259 feet water depth, as well as three previously approved wells approximately 72 miles offshore Louisiana.


South China Sea Energy Exploration by Chevron

Chevron Corporation's China subsidiary signs production sharing contracts for exploration blocks in the Pearl River Estuary, South China Sea. Chevron's agreement is with China National Offshore Oil Corporation (CNOOC). Under the PSC agreements, Chevron China Energy Company will hold a 100 percent interest in blocks 15/10 and 15/28 in the Pearl River Mouth Basin. During the exploration phase Chevron China Energy Company will be the operator of the two shallow water blocks


Statoil Gets Norwegian Continental Shelf Licenses

Statoil has been awarded shares in eight exploration licenses on the Norwegian continental shelf. The company is operator on six of them. The award, which comprises 38 production licenses, is split between 25 for the North Sea, ten for the Norwegian Sea and three for the Barents Sea. Statoil has been awarded shares in six North Sea licenses and two Norwegian Sea licenses. The company did not apply for shares in the Barents Sea this time


Maersk to Sell Oil, Gas Exploration Licenses

Maersk Oil and Gas, a unit of Denmark's AP Moller-Maersk A/S will sell its exploration licenses in a number of countries and concentrate its activities in the Kerr McGee operations in the North Sea, a financial daily reported. The newspaper said a prospectus by investment bank Tristone Capital lists Maersk licenses in Morocco, Surinam, and the German part of the North Sea as being up for sale. It also writes Maersk is in talks to sell part of an exploration license in Turkmenistan


CNOOC Signs PSC with Primeline

CNOOC Limited (NYSE: CEO, SEHK: 00883) announced that its parent company, China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract (PSC) with Primeline Energy China Limited (PECL) and Primeline Petroleum Corporation (PPC) (jointly as "Primeline") for Block 33/07 in the East China Sea. Block 33/07 is located about 390 kilometers of Shanghai in the East China Sea. It covers a total area of 5877 square kilometers, with water depth of 90 meters.


UK’s North Sea Faces Rig Shortage

The government is putting together an action plan to solve a rig shortage crisis in the North Sea, but experts claim that no new rigs are available for hire until the end of 2007, the Sunday Herald reported. Surging demand for equipment is caused by the high oil price, which has made previously abandoned discoveries economically viable again. The shortage of exploring rigs has forced the industry and the Department of Trade and Industry to come up with a plan, yet to be published


Offshore O&G: Cuts, Delays in Norway as Costs Soar

Home: http://www.npd.no/en/Publications/Facts/Facts-2012/Preface1/

More oil and gas projects in Norway could be put on hold because of rising costs, adding to a growing list of developments that have been delayed or called off, Bente Nyland, the head of the Norwegian Petroleum Directorate said on Thursday.


Norway's Oil Sector May Face More Project Cuts, Delays

Credit: Harald Pettersen - Statoil

More oil and gas projects in Norway could be put on hold because of rising costs, adding to a growing list of developments that have been delayed or called off, Bente Nyland, the head of the Norwegian Petroleum Directorate said on Thursday.  


Offshore Oil & Gas: Brazil’s Northern Frontier

Seismic Streamer MV Oceanic Endeavour. Photo: Michel Floch

In an effort to spread out oil and gas production to other parts of the country and increase overall oil production, Brazil has finally intensified hydrocarbon exploration along its northeastern and northern coasts. These are some of the poorest regions in the country and infrastructure for oil


NIS Q1 Net Profit Up 18 %

  Serbian oil company NIS , majority owned by Gazprom Neft, reported an 18 percent rise in net profit in the first quarter of 2014 on higher sales and improved production efficiency. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 15.5 billion dinars from 8


Inside Paraguay’s Oil Boom

President Energy Drilling at Puerto Guardian in Argentina and near the Paraguay border.

The Republic of Paraguay is a landlocked country in South America bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest. The Paraguay River runs through the center of the country from north to south


Noble Energy Announces Increased Quarterly Dividend

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Noble Energy, Inc. announced that its Board of Directors has approved a quarterly cash dividend of 18 cents per common share, which represents an increase of nearly 29 percent from the prior 14 cents per common share quarterly dividend. The dividend is payable on May 19, 2014


When Will Deep Sea Mining Commence? The Robot is Ready

copyright Nautilus Minerals

The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea (PNG) - when a wrangle over terms is solved.   Beyond PNG, in international waters


PetroVietNam Gas's Q1 gross profit falls 27.5%

PetroVietNam Gas's first-quarter gross profit fell 27.5 percent to 3.9 trillion dong ($185 million) from a year earlier, the Lao Dong (Labour) newspaper reported. PetroVietNam, Vietnam's largest listed company, would seek strategic shareholders in the gas exploration sector


Shell, CNPC cooperating in deep-sea exploration, shale gas

Royal Dutch Shell and the China National Petroleum Corp (CNPC) have signed a deal to boost cooperation in sectors like deep sea exploration as well as liquefied natural gas (LNG) and unconventional gas sources like shale, CNPC said on Wednesday.


South Sudan Awards Two Mineral Exploration Licences

South Sudan has awarded provisional licences to two companies for mineral exploration as it attempts to diversify the economy away from oil, a government official told Reuters on Tuesday. South Sudan is rich in gold and also probably has reserves of other minerals such as copper


WWH Increases Stake in NorSea Group

Image courtesy of NSG/WWH

Wilh. Wilhelmsen Holding Invest AS (WWHI), a fully owned subsidiary of Wilh. Wilhelmsen Holding ASA (WWH), informs it hs raised its shareholding in NorSea Group AS (NSG) from 35.4% to 40%. The share increase follows a share issue in the company whereby NSG buys Danbor AS from A.P


TGS Signs LOI for Seabird Exploration Seismic Vessel Charters

Seismic survey vessel: Image courtesy of Seabird Exploration

Norway-based TGS informs that it has signed a Letter of Intent with Seabird Exploration to charter up to four 2D seismic vessels to be used over the next 36 months.  The Letter of Intent gives TGS priority rights to the vessels subject to the issuance of seismic acquisition permits for the


Navy Research Vessel Neil Armstrong Christened

Carol Armstrong, ship sponsor for R/V Neil Armstrong, breaking the bottle across the bow.

Naval Architecture and Marine Engineering company Guido Perla & Associates, Inc. (GPA) announced that the christening ceremony for the Oceanographic Research Vessel AGOR 27, named in honor of the famed Neil Armstrong, was held at Dakota Creek Industries (DCI) in Anacortes, Wash


Statoil Wins Exploration Acreage off Myanmar

Erling Vågnes, senior vice president for Statoil’s exploration in the Eastern hemisphere. (Photo: Ole Jørgen Bratland)

Together with partner ConocoPhillips, Statoil has been awarded a deep-water exploration block in the Myanmar waters of Bay of Bengal. Block AD-10 cover more than 9,000 km2, and is located 200 km from the coast in water depths of approximately 2,000 meters


Statoil Presents 2013 Performance Reports

Chief executive Helge Lund

Statoil presented on its website the company’s annual and sustainability reports for 2013, along with the US Form 20-F report. “Our 2013 operational performance was good; with safety improvements, production as expected and strong project execution


 
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