Contractor Openings Rise In Emerging Energy Markets
Despite a slowdown in some of the major global economies and growing concerns over rapidly falling oil prices, there are a number of nations whose energy markets continue to thrive. According to contracting services specialists CXC Global, Kazakhstan, Azerbaijan and Mozambique are three examples of countries where demand for specialists in the oil and gas...
With Oil Below $40 What Can Energy Workers Do?
Expats working in the oil and gas sector are enduring tough times – markets are volatile, and oil is striking seven-year lows Much has been written by learned economists, traders and strategists about the direction of oil prices, says Patrick Breen of expat financial advisers AES International. The heat and noise around the latest OPEC meeting...
Eni in Marine XII Congo Find
Italy’s Eni has encountered a new oil and condensate discovery in the Marine XII block, offshore in the Congo. The Nkala Marine prospect is located in Marine XII block, about 20km from the coast and 3km from the Nene Marine field, and is already in production. Eni expects the Nkala Marine 1 pre-salt exploration well...
UK slams Argentine bid to seize assets
Britain said that any attempt by Argentina to seize the assets of oil drillers operating in the Falkand Islands would be unlawful after Buenos Aires said it would pursue a local judge’s order against six firms. A federal judge in Tierra del Fuego ordered the seizure of $156 million in bank accounts, boats and other...
UK Supply Chain win £1bn Statoil Contracts
All the largest contracts for the operational phase on the Statoil operated Mariner offshore field have been awarded to companies in Aberdeen, Statoil revealed. Contracts awarded by Statoil Aberdeen to the UK supply chain have now surpassed GBP 1 billion. “In the tendering process for operational contract scopes we are pleased to experience excellent capacity...
Nordic Countries Head List of Job Hotspots
Norway, Sweden and Denmark are easiest places for workers to relocate, while UAE offers best growth potential for businesses Nordic countries aim to win the race for global talent by offering the easiest environments for relocation, according to research by professional services consultancy Procorre. But UAE offers the best growth prospects for the businesses...
Eni finds gas offshore Libya
Eni, the Italian energy company, has announced that it made its second discovery of the year at an exploration prospect off the coast of Libya. Eni said it made a natural gas and condensate discovery in so-called Area 3, a reserve area about 85 miles off the Libyan coast. “The well represents the second discovery...
Oil & Gas Hiring Scales Back
Current market conditions have caused global oil and gas professionals to remain cautious in the negotiating process, according to Rigzone’s latest Global Hiring Survey. More than 55% of global hiring managers reported that they have not seen an increase in the number of candidates asking for more money in the last three months. With that...
Oil discovery near Gatwick airport
Apparently there could be up to 100 billion barrels of oil onshore beneath the South of England, says exploration firm UK Oil & Gas Investments. They drilled a well at Horse Hill, near Gatwick airport last year and analysis of the well suggests the local area could hold 158 million barrels of oil per square...
Fluor PMC for OGPC Project Azerbaijan
The State Oil Company of Azerbaijan Republic (SOCAR), awarded Fluor Limited (NYSE: FLR) a contract to provide project management contractor(PMC) services for its new oil-gas processing and petrochemical complex (OGPC) in Azerbaijan. Fluor will book the contract for an undisclosed value in the first quarter of 2015. The OGPC megaproject has multiple interfaces not only...
GE Lands $850m Ghana Order
GE has secured an $850 million deal across its oil & gas business for the supply of equipment to the Offshore Cape Three Points (OCTP) block, Ghana. According to GE, this order incorporates both turbomachinery and subsea elements, with the first shipment planned for Q4 2015. Further shipments are planned in order to deliver first...
RT wins $4bn Uganda refinery contract
A consortium led by Russia’s RT Global Resources has been awarded a $4bn contract from the government of Uganda to build and operate a crude oil refinery in Uganda. RT Global Resources, which is owned by Russian defence conglomerate Rostec, leads a consortium including Russian oil producer Tatneft, VTB Capital, South Korea’s GS and Telconet...