This is an extract from http://www.dallasnews.com/sharedcontent/dws/bus/industries/energy/stories/DN-exxon_30bus.ART0.State.Edition1.3c9c0b1.html
Weak consumer demand for fuel sliced third-quarter profit for Exxon Mobil Corp. and other major oil companies.
While Exxon, with its deep pockets, plans to continue its multibillion-dollar investment projects without layoffs, other oil companies are shrinking in response to the weak market for oil, natural gas and fuels.
On Thursday, Exxon announced that third-quarter net profit dropped to $4.7 billion, or 98 cents a share, from $14.8 billion, or $2.85 a share, a year ago.
Revenue dropped 40 percent to $82.3 billion because of lower oil and natural gas prices and weak demand for fuel.
"These earnings reflect a very challenging operating business environment due to weak demand and lower business margins," said Ken Cohen, Exxon's vice president of public affairs.
For the Irving oil giant, the weakest spot was U.S. refining operations, which lost $203 million in the quarter, or $2.2 million a day.
Americans used less gasoline and diesel during the quarter because of the weak economy.
When people lose their jobs, they don't drive to work. And when people have less money, they don't buy as many goods, and stores don't need as many diesel-driven shipments.
Demand for gasoline and diesel was lower during the third quarter than last year. According to the American Petroleum Institute, gasoline demand recovered in September, up 6.6 percent from a year ago, but demand for diesel and other distillate fuel was down 1.5 percent.
Oil and natural gas prices also were lower than last year. Oil was above $100 a barrel during the third quarter of last year. On Thursday, oil prices closed at $79.87, up 3 percent from the day before.
So, even though Exxon produced 3 percent more of the commodities in the third quarter, the company made less money off that production. Profit from oil and gas production dropped 57 percent to $4 billion.
Other oil companies also are suffering. Royal Dutch Shell said Thursday that third-quarter earnings dropped 72 percent to $3 billion. The company is cutting costs and laying off 5,000 employees.
Exxon officials say they are not cutting jobs or investment. The company's investment strategy is to spend steadily during good times and bad.
"Despite the ups and downs of the business cycle, we continue to adhere to our disciplined long-term strategy," Cohen said.
Exxon officials said they will probably spend about $26 billion this year on capital expenditures, close to last year's investment but below their original estimate of $29 billion.
Cohen said the spending cut has nothing to do with the recession or lower profit, rather it's because some projects will come online later than anticipated. Also, Exxon benefited from some cost savings in those projects.
The company is building terminals to liquefy natural gas, ship it globally, and then regasify it for pipelines.
Exxon is drilling new oil and natural gas wells around the world, and it is acquiring acreage to drill for natural gas in shale fields in Europe, similar to the Barnett Shale in North Texas.
Exxon shares closed Thursday at $73.96, up 0.2 percent.
Friday, October 30, 2009
Shell culls 5,000 jobs
Oil giant Shell is slashing 5,000 jobs after profits plunged 73%.
Uk staff are among those facing the chop as new boss Peter Voser imposes savage cuts.
Voser, just 121 days into the job, has already sacked 150 managers.
Now 15,000 staff in oil fields and head offices are being forced to reapply for their jobs, with rejects getting the boot by the end of the year.
Tags : Oil and Gas Jobs
Uk staff are among those facing the chop as new boss Peter Voser imposes savage cuts.
Voser, just 121 days into the job, has already sacked 150 managers.
Now 15,000 staff in oil fields and head offices are being forced to reapply for their jobs, with rejects getting the boot by the end of the year.
Tags : Oil and Gas Jobs
Sunday, October 25, 2009
Oil and Gas Jobs | Oil & Gas Industry Jobs
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Monday, October 19, 2009
Oil & Gas Training
World Oil Casing while Drilling and Liner Drilling Conference and Master Class
Fundamentals of Oil & Gas Exploration and Drilling
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Geophysics for Non-Geophysicists & Seismic Interpretation in the Exploration Domain
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Fundamentals & Applied Reservoir Engineering
Modern Sandface Completion Practices Seminar
World Legal Systems & Contracts for Oil & Gas
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Advanced LNG
International Petroleum Joint Ventures: Strategy, Negotiation and Management
LNG Contracts - US
Oil and Gas Mini MBA
LNG: Understanding the Strategic, Commercial and Legal Fundamentals
Latin America LPG Seminar
Crude Oil & Condensate Value and Trade Workshop
Introduction to the Oil & Gas Industry
OSPAR GC-FID Method Implementation Session
Exploration & Production Accounting - Level 1
Exploration & Production Accounting - Level 2
Commercial Strategies for LNG Regas Terminals - Europe 2007
Oil & Gas Agreements: Joint Operations
FPSO Training Course
3rd Annual Offshore Pipeline Engineering Training Course
Oil in Produced Water Measurement Training Course
Oil-in-Water Monitoring Workshop 2007
Introduction to Flow Measurement Training Course
Produced Water Re-Injection (PWRI) Training Course
Produced Water - Best Management Practices Event
Production and Upstream Flow Measurement Workshop
7th South East Asia Hydrocarbon Flow Measurement Workshop 2008
Principles and Practice of Flow Measurement
Introduction to Energy Trading and Hedging
Petroleum Engineering for Non-Engineers
Introduction to the Downstream Petroleum Industry
Natural Gas Compression Using Reciprocating Compressors
Introduction to ASME Section VIII Division 1 Pressure Vessel Code
Reservoir Engineering for Other Disciplines
Basic Reservoir Engineering
Reservoir Simulation Strategies
Coring and Core Analysis
Drilling Fluids Technology
Overview of the Petroleum Industry
Gas Conditioning and Processing - G-4
Basic Geophysics
Gas Lift
Process Vessel Specification and Design - PF-42
Production Geology for Other Disciplines
Instrumentation and Controls Fundamentals for Facilities Personnel - IC-3
Basic Petroleum Geology
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Basic Drilling Technology
Advanced Underbalanced Well Design
Strategic Options for National Oil and Gas Companies
Price Risk Management in the Oil Industry
Introduction to Energy - Sustainable Growth in the 21st Century
Portfolio Management of Oil and Gas Assets
Oil and Gas Industry Fundamentals
Oil Price Risk Management and Hedging
Gas-To-Liquids
Natural Gas Processing
Basic Petroleum Engineering Practices
Applied Reservoir Engineering
Integration of Rocks, Log and Test Data
Overview of Subsea Systems - SS-2
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Introduction to Financial Reporting for the Petroleum Industry
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Evaluating Well Performance Using the Completion Efficiency Technique
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Natural Gas Reciprocating Compressors
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Introduction to the Canadian Oil Sands
Fundamentals of Oil and Gas Property Acquisition and Finance
Managing Risks and Strategic Decisions in Petroleum Exploration & Production
Introduction to ASME B31.3 Process Piping Code
Design and Fabrication Using ASME Boiler and Pressure Vessel Code, Section VIII, Division 1
Introduction to Natural Gas Gathering and Processing
Introduction to the Upstream Petroleum Industry
Geology for Non-Geologists
Applied Hydrodynamics In Exploration And Production
Geophysics for Petroleum Engineers
Well Test Analysis Workshop
Fundamentals of Reservoir Engineering
Leadership Skills for Supervisors
Sour Gas Treating
Fundamentals of Natural Gas Marketing
Fundamentals of International Petroleum Industry Joint Ventures and Alliances
Fundamentals of Hydraulic Fracturing
Introduction to Crude Oil Gathering and Processing
Acid Gas Compression and Injection
Natural Gas Dehydration
Introduction to Petroleum Refinery Processing
Fundamentals of Petroleum Refinery Economics
Introduction to Offshore Drilling
Seismic Data Ownership - Rights, Privileges, Responsibilities and Obligations
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Screw Compressors in Natural Gas Processing
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Introduction to Petroleum Refinery Processing and Bitumen Upgrading
Gasoline Blending in Refineries
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Advanced ASME B31.3 Process Piping Code
Geophysics for Geologists
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Petrophysics & Well Logs Interpretation
Integrated Petroleum Reservoir Evaluation, Field Development & Production Optimization Techniques
Oil & Gas Field Development & Production Economics
Oil & Gas Projects Management Workshop
Pipeline Design & Engineering
Geopolitics and Risk in the Oil and Gas Industry
Oil Pollution 2008
Fundamentals of Petroleum Refining Process
Negotiating Techniques for the Oil and Gas Industry
International Upstream Fiscal Terms and Contract Negotiations
Engineering Steels and Alloys
LNG/GAS Contracts & Pricing
Vessels for Offshore Field Developments and Floating Production Systems
Engineering of Subsea Production Systems
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Corrosion Control
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Well Design and Engineering
International Marine Insurance
CEE Decommissioning & Waste Cooperation
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Budgeting, Cost Control & Financial Accounting in Oil & Gas (E&P)
Supply and Distribution: Organisation, Operations and Economics
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Advanced Application of Petroleum Economics in Oil & Gas Investment Management
Oil & Gas Production Sharing Contract (PSC)
Pipeline Design, Economics & Construction Project Management
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Crude Oil Marketing Mechanics & Shipping
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Budgeting, Cost Control and Financial Management For (E&P) Operations
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A to Z of Oil & Gas to Petrochemicals
Energy Risk Management
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Gas to Liquids 2008
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Middle East Power Generation Sustainability Forum
LNG & Gas - Contracts & Risk Assessment
Winning Strategies in Maintenance Planning, Estimating & Scheduling
NOCs: Key Strategies for Economic Expansion
Power Projects in the Middle East & North Africa
Leadership & Team Dynamics in Oil & Gas Projects
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World Legal Systems and Contracts for Oil and Gas
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Getenergy: Refining and Petrochemicals 2008
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Commercial Fundamentals of the Upstream Oil and Gas Industry
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Distillation: Operations, Troubleshooting, Energy Optimization
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Horizontal and Multilateral Wells : Reservoir and Production Aspects
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Naturally Fractured Reservoirs: Geologic and Engineering Analysis - FR
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Basin Analysis Workshop: An Integrated Approach - BA
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Geochemical Techniques for Solving Reservoir Management and Field Development Problems - GTS
Sequence Stratigraphy: An Applied Workshop - SQS
A - Z of LNG
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Engineered Solutions for Rotating Equipment
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Essentials of Buying & Selling Gas
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NOCs & IOCs: Selecting Appropriate Internatioanl Oil & Gas Strategies
Fundamentals of the Oil & Gas Industry & Commercial Aspects of Oil Trading & Refining
Oil, Oil Products, Natural Gas & Energy Trading
The Energy Markets: Evaluating Trends and Risks
Understanding The Natural Gas & LNG Industry
FPSO/Floating Production Technology for Offshore Oil & Gas Production
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Energy Efficiency Optimization for Processing/Power Industry
Advanced Preventive Maintenance
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Planning, Optimisation, Scheduling and Control Of Fuels Blending System
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Fundamentals of Petroleum Geology
Reservoir Geology - Integrating Data for Reservoir Modelling
Introduction to Enhanced Oil Recovery
Production Chemistry in Oil and Gas Production
Carbonate and Fracture Petrophysics
Petroleum Geomechanics
Carbonate Geology for Oil & Gas Exploration & Development
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Foundations of Petrophysics
Integrated Petrophysics for Reservoir Characterisation
Introduction to Land & Offshore Drilling
Introduction to Petroleum Engineering
Enhanced Oil Recovery - Fundamentals and Prediction Models
Streamline Simulation in Reservoir Engineering & Management
Waterflood - Fundamentals, Design and Management
Production Logging and Reservoir Monitoring
Petroleum Systems Modelling for Exploration Risk Assessments
Multiphase Flow Metering
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Petroleum Geology of North Africa
Advanced Reservoir Simulation
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Characterization of Oil and Gas Reservoirs with Neural Network Technology
Reservoir Engineering for Non-Reservoir Engineers
Wellsite and Operations Geology
Advanced Drilling Engineering
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Advanced PVT and EOS Fluid Characterization
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Advanced Health, Safety, Environmental & Quality Standards in Petroleum Industry
Petroleum E & P Economics - Module 1
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Pipeline Construction & Project Management Workshop
Basic Oil & Gas Exploration, Drilling & Production
E & P Business Management Program : Petroleum Business Management Development Program - Module 1
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Natural Gas Purchase & Sales Contract Management
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FPSO London Training Course
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Oil & Gas Contract Management Series
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Reserves Reporting and Estimation: Managing Your Business using PRMS
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Reliability & Integrated Management of Oil & Gas Assets 2009
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Gas Turbines: Remaining Life Assessment, Extension & Management
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Completion & Well Intervention
Lubrication Specialist Intensive Training Course (with optional STLE CLS certification exam)
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Machinery Lubrication for Managers (1/2-day workshop)
The Intelligent Field
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Thursday, October 15, 2009
Wednesday, October 7, 2009
Work force groups prepare for future gas drilling jobs
Work force groups prepare for future gas drilling jobs.
This is an extract from http://www.observer-reporter.com/OR/Story/09-18-WASH-CO-REDEVELOPMENT-AUTH
An entry-level training program launched in July for people looking for jobs in the natural gas drilling industry here already has graduated more than 30, officials of the course told the Redevelopment Authority of Washington County on Wednesday.
While not all of the graduates have found employment, Linda Bell, a member of the Southwest Corner Workforce Investment Board, told the authority that the Natural Gas Certified Operations Technician program offered at Western Area Career & Technology Center in Houston is an effort to train local people for emerging employment opportunities in the Marcellus Shale strata here.
"We have local residents available to fill emerging jobs," Bell said, explaining that the 160-hour certification course was designed after she and other work force officials met with representatives of local natural gas drilling companies to learn what types of training people would need to find jobs in the oilfield.
According to Bell, in addition to ensuring that local residents can qualify for job opportunities that arise here, a larger goal is to standardize training courses across the state. She said the work force board has asked the Allegheny Conference to apply for a federal grant of between $2 million and $5 million to make a standardized statewide training program possible.
"We don't know all of the training needs of the industry, but we will create a standard curriculum for all of Pennsylvania," Bell said, adding that while 10 work force boards around the state are involved in the planning, the statewide program would be administered by the local board.
"Wherever drilling occurs in the Marcellus, there will be a standard curriculum that the industry has put its stamp on," she said, adding that the entry-level course is designed to enable graduates to eventually return for more advanced training courses.
Nancy Lohr, WACTC's adult education supervisor, and Dave Adamson, cooperative education coordinator at the school, said they have graduated two classes, or a total of 33 people, since starting the course in mid-July.
While many graduates have not received jobs, Adamson and Lohr noted that the long-term view of industry officials is that drilling will increase as the price of gas rises. They noted that many of the participants in the new program are displaced workers from other industries.
"Drilling has slowed down, but as we're making contact with companies, the expectation is very high," Bell said.
"Some in the industry are not going to drill until the price gets back to $6," Adamson said, adding that other companies have continued to drill locally, despite the lower prices. He said entry-level drilling workers here are earning between $12 and $15 per hour, adding that in some cases, workers are earning more with overtime.
Natural gas on the New York Mercantile Exchange lost 25.2 cents Thursday to settle at $3.458 per 1,000 cubic feet. Natural gas prices have been spiking all week and remain well above Monday's opening.
This is an extract from http://www.observer-reporter.com/OR/Story/09-18-WASH-CO-REDEVELOPMENT-AUTH
An entry-level training program launched in July for people looking for jobs in the natural gas drilling industry here already has graduated more than 30, officials of the course told the Redevelopment Authority of Washington County on Wednesday.
While not all of the graduates have found employment, Linda Bell, a member of the Southwest Corner Workforce Investment Board, told the authority that the Natural Gas Certified Operations Technician program offered at Western Area Career & Technology Center in Houston is an effort to train local people for emerging employment opportunities in the Marcellus Shale strata here.
"We have local residents available to fill emerging jobs," Bell said, explaining that the 160-hour certification course was designed after she and other work force officials met with representatives of local natural gas drilling companies to learn what types of training people would need to find jobs in the oilfield.
According to Bell, in addition to ensuring that local residents can qualify for job opportunities that arise here, a larger goal is to standardize training courses across the state. She said the work force board has asked the Allegheny Conference to apply for a federal grant of between $2 million and $5 million to make a standardized statewide training program possible.
"We don't know all of the training needs of the industry, but we will create a standard curriculum for all of Pennsylvania," Bell said, adding that while 10 work force boards around the state are involved in the planning, the statewide program would be administered by the local board.
"Wherever drilling occurs in the Marcellus, there will be a standard curriculum that the industry has put its stamp on," she said, adding that the entry-level course is designed to enable graduates to eventually return for more advanced training courses.
Nancy Lohr, WACTC's adult education supervisor, and Dave Adamson, cooperative education coordinator at the school, said they have graduated two classes, or a total of 33 people, since starting the course in mid-July.
While many graduates have not received jobs, Adamson and Lohr noted that the long-term view of industry officials is that drilling will increase as the price of gas rises. They noted that many of the participants in the new program are displaced workers from other industries.
"Drilling has slowed down, but as we're making contact with companies, the expectation is very high," Bell said.
"Some in the industry are not going to drill until the price gets back to $6," Adamson said, adding that other companies have continued to drill locally, despite the lower prices. He said entry-level drilling workers here are earning between $12 and $15 per hour, adding that in some cases, workers are earning more with overtime.
Natural gas on the New York Mercantile Exchange lost 25.2 cents Thursday to settle at $3.458 per 1,000 cubic feet. Natural gas prices have been spiking all week and remain well above Monday's opening.
Saturday, October 3, 2009
Availability of Land Rigs
Availability of New & Used Land Rigs :
New Land Drilling Rigs
Used Jackup Drilling Rigs
Used Workover Rigs
Barge Rigs for Sale
New Land Drilling Rigs
Used Jackup Drilling Rigs
Used Workover Rigs
Barge Rigs for Sale
Thousand of jobs from the Gas boom
This is an extract from "The Bulletin" at http://www.themorningbulletin.com.au/story/2009/09/17/18000-jobs-gas-boom/ dated 17th September 2009
PREMIER Anna Bligh this morning released the government's "Blueprint for Queensland’s Liquefied Natural Gas Industry ''.
It is estimated that Queensland’s booming LNG industry could offer as many as 18,000 direct and indirect jobs, many of them in Central Queensland.
The premier's statement to parliament follows:
"Liquefied Natural Gas - LNG - is an exciting new industry offering Queensland first rate job-creating and regional development opportunities.
It is estimated that Queensland’s growing LNG industry could offer as many as 18,000 direct and indirect jobs – including over 4,300 in the Darling Downs – South West Region alone.
Much of the nation’s LNG attention has been on West Australia’s Gorgon project – but the contracts already signed for QLD LNG out of the Surat Basin are more than that of Gorgon.
If all our projects were to materialise we have the potential to export in excess of 50 million tonnes of LNG per annum.
Today – to support this potential and this exciting new industry - my Government is releasing our Blueprint for Queensland’s LNG Industry.
The Blueprint provides industry - and the community - with a clear understanding of our plans to develop the world’s first coal seam gas to LNG export industry.
There are currently eight projects – while not all will be successful – we are talking about an industry worth more than $40 billion - looking to make Queensland home.
We estimate that a local LNG industry exporting at 28 million tonnes a year could add more than $3 billion - or around one per cent to Gross State Product - and offer us around $850 million a year in royalties. That’s $850 million a year for more roads, schools and hospitals.
This is a once in a lifetime opportunity. It is akin to what coal did to the Bowen Basin and to Queensland in the 1970s and 1980s and beyond.
DOMESTIC GAS
It is clear that before we set about exporting we must secure our own gas needs.
Based on known gas reserves there is enough to supply our own power stations and a medium-scale LNG export industry for at least the next 50 years.
Today we will formally issue a Regulatory Impact Statement on whether producers give us the per centage of produced gas or whether we set aside the known gas-production land.
Two options in the RIS on how to meet our own future domestic needs are currently being considered by industry and broader community and feedback is required by us by 15 October.
The options are:
A) Gas Reservation Policy where producers will be required to sell or make available to the domestic market the equivalent of between 10 per cent and 20 per cent of gas production
B) or a Prospective Gas Production Land Reserve, which would include quarantining prospective gas production areas in order to secure areas for future domestic use.
Both are on websites from today and advertised nationally this weekend.
WATER
We are also addressing the industry’s impacts on water resources – both produced water and the protection of groundwater.
Coal Seam Gas producers will be responsible for the treatment and disposal of the water they create.
To address the possible impact of Coal Seam Gas developments the government will fully implement groundwater monitoring.
This will be funded via an industry levy on producers and over sighted by an independent monitoring body.
REGIONAL OPPORTUNITIES
Mr Speaker the Treasurer will soon detail the specifics of the eight LNG projects, and royalty charging.
Mr Speaker the Surat Basin and the Gladstone region particularly are set to be pivotal in this industry’s success.
Our responses to ensure their regional successes includes:
• the facilitation of industry planning, land tenure, pipeline corridors and common user infrastructure;
• developing a strategic 30-year Master Plan for the Western Basin of the Port of Gladstone – with the final to be released later this year;
• assisting individual projects with approvals and infrastructure negotiations;
• providing of a forum for the identification and resolution of issues between industry, community and government;
• and a mechanism for the regular reporting to government on the status of the emerging industry.
As well there has been the extension of the Gladstone State Development Area to include part of Curtis Island as an LNG precinct and the planning of a dedicated pipeline corridor between Gladstone and the Callide Range.
Mr Speaker we will also establish the Surat Basin Cumulative Impacts Working Group (SBCIWG), chaired by the Department of Employment, Economic Development and Innovation. The SBCIWG will include the Departments of Premier and Cabinet; Treasury; Infrastructure and Planning; Environment and Resource Management; Education and Training; Health; Communities; Transport and Main Roads.
This is to ensure the considerable expansion we expect will be carefully managed.
ENVIRONMENT
Queenslander can be assured – that each proposal will have to undergo extensive environmental scrutiny and address community concerns.
The community will have every opportunity to provide input into each proposal. As I have said this is an exciting new era for Queensland and we want to ensure that we get it right and we all benefit.
GETTING THE BALANCE RIGHT
I believe our Blueprint balances domestic energy needs and environmental considerations against economic benefits, extra jobs and a much-needed new export.
Mr Speaker … this comes just days after Waratah Coal declared intentions for the $7.5 billion Galilee Power project.
These are all indications of returning confidence to our resources sector and the overall well-being of the State’s economy.
Mr Speaker - the regions are powering ahead!"
PREMIER Anna Bligh this morning released the government's "Blueprint for Queensland’s Liquefied Natural Gas Industry ''.
It is estimated that Queensland’s booming LNG industry could offer as many as 18,000 direct and indirect jobs, many of them in Central Queensland.
The premier's statement to parliament follows:
"Liquefied Natural Gas - LNG - is an exciting new industry offering Queensland first rate job-creating and regional development opportunities.
It is estimated that Queensland’s growing LNG industry could offer as many as 18,000 direct and indirect jobs – including over 4,300 in the Darling Downs – South West Region alone.
Much of the nation’s LNG attention has been on West Australia’s Gorgon project – but the contracts already signed for QLD LNG out of the Surat Basin are more than that of Gorgon.
If all our projects were to materialise we have the potential to export in excess of 50 million tonnes of LNG per annum.
Today – to support this potential and this exciting new industry - my Government is releasing our Blueprint for Queensland’s LNG Industry.
The Blueprint provides industry - and the community - with a clear understanding of our plans to develop the world’s first coal seam gas to LNG export industry.
There are currently eight projects – while not all will be successful – we are talking about an industry worth more than $40 billion - looking to make Queensland home.
We estimate that a local LNG industry exporting at 28 million tonnes a year could add more than $3 billion - or around one per cent to Gross State Product - and offer us around $850 million a year in royalties. That’s $850 million a year for more roads, schools and hospitals.
This is a once in a lifetime opportunity. It is akin to what coal did to the Bowen Basin and to Queensland in the 1970s and 1980s and beyond.
DOMESTIC GAS
It is clear that before we set about exporting we must secure our own gas needs.
Based on known gas reserves there is enough to supply our own power stations and a medium-scale LNG export industry for at least the next 50 years.
Today we will formally issue a Regulatory Impact Statement on whether producers give us the per centage of produced gas or whether we set aside the known gas-production land.
Two options in the RIS on how to meet our own future domestic needs are currently being considered by industry and broader community and feedback is required by us by 15 October.
The options are:
A) Gas Reservation Policy where producers will be required to sell or make available to the domestic market the equivalent of between 10 per cent and 20 per cent of gas production
B) or a Prospective Gas Production Land Reserve, which would include quarantining prospective gas production areas in order to secure areas for future domestic use.
Both are on websites from today and advertised nationally this weekend.
WATER
We are also addressing the industry’s impacts on water resources – both produced water and the protection of groundwater.
Coal Seam Gas producers will be responsible for the treatment and disposal of the water they create.
To address the possible impact of Coal Seam Gas developments the government will fully implement groundwater monitoring.
This will be funded via an industry levy on producers and over sighted by an independent monitoring body.
REGIONAL OPPORTUNITIES
Mr Speaker the Treasurer will soon detail the specifics of the eight LNG projects, and royalty charging.
Mr Speaker the Surat Basin and the Gladstone region particularly are set to be pivotal in this industry’s success.
Our responses to ensure their regional successes includes:
• the facilitation of industry planning, land tenure, pipeline corridors and common user infrastructure;
• developing a strategic 30-year Master Plan for the Western Basin of the Port of Gladstone – with the final to be released later this year;
• assisting individual projects with approvals and infrastructure negotiations;
• providing of a forum for the identification and resolution of issues between industry, community and government;
• and a mechanism for the regular reporting to government on the status of the emerging industry.
As well there has been the extension of the Gladstone State Development Area to include part of Curtis Island as an LNG precinct and the planning of a dedicated pipeline corridor between Gladstone and the Callide Range.
Mr Speaker we will also establish the Surat Basin Cumulative Impacts Working Group (SBCIWG), chaired by the Department of Employment, Economic Development and Innovation. The SBCIWG will include the Departments of Premier and Cabinet; Treasury; Infrastructure and Planning; Environment and Resource Management; Education and Training; Health; Communities; Transport and Main Roads.
This is to ensure the considerable expansion we expect will be carefully managed.
ENVIRONMENT
Queenslander can be assured – that each proposal will have to undergo extensive environmental scrutiny and address community concerns.
The community will have every opportunity to provide input into each proposal. As I have said this is an exciting new era for Queensland and we want to ensure that we get it right and we all benefit.
GETTING THE BALANCE RIGHT
I believe our Blueprint balances domestic energy needs and environmental considerations against economic benefits, extra jobs and a much-needed new export.
Mr Speaker … this comes just days after Waratah Coal declared intentions for the $7.5 billion Galilee Power project.
These are all indications of returning confidence to our resources sector and the overall well-being of the State’s economy.
Mr Speaker - the regions are powering ahead!"
Raising oil-industry taxes would cost jobs in Texas
This is an extract from www.Chron.com at http://www.chron.com/disp/story.mpl/editorial/outlook/6643881.html
The oil-and-gas industry helps power the U.S. economy, especially here in Texas. More than 300,000 Texans work in the industry. They generate nearly 7 percent of the wages in our state, despite being only a little more than 3 percent of our workforce.
More than 90 percent of the wells in our country are operated by small and independent businesses, and even the major energy companies rely on small businesses as suppliers and contractors. Together these workers and businesses help reduce our dependence on foreign oil and contribute to the diversity of energy resources that we will need for decades to come.
Domestic oil and gas production is part of America's energy solution, but many in Washington see the industry as part of the problem. As a member of the Senate Finance Committee, I heard the Obama administration testify this month that our domestic oil-and-gas industry actually reduces our long-term energy security. In their view, our industry is guilty of overproduction, at a time when 60 percent of our oil comes from foreign sources.
To attack overproduction, the White House wants to repeal nine oil and gas incentives that encourage our entrepreneurs to develop America's natural resources and create new jobs. By doing so, the administration would impose more than $30 billion in new taxes over 10 years.
Texans would pay the biggest share of that bill, and some might pay by going out of business. For example, independent refineries must make the same large capital investments as their global competitors, while operating on much thinner profit margins. Raising taxes now could end their ability to compete and send more Texans to the unemployment line.
Higher taxes would cost jobs here in Texas and weaken our nation's strategic position overseas. The less oil and gas we produce here, the more dependent we are on foreign suppliers. And no matter which suppliers we choose, unfriendly regimes like Iran and Venezuela would claim a larger share of the global energy market.
In addition, U.S. private businesses would be further disadvantaged compared to their state-owned competitors, such as Russia's Gazprom and Brazil's Petrobras.
The White House has ignored strategic and economic reality and elevated liberal ideology. Despite identifying a goal we all share — the diversification of America's energy supplies — they have pursued a more statist agenda in pursuit of “the greatest social return.” But raising taxes on our oil and gas producers won't produce the return we want. Instead, we would only weaken our energy security, force many businesses to close or lay off workers and lengthen the longest and deepest recession in a generation.
Texans understand that we must develop all potential sources of energy, and we also understand the right way to do it. Thanks to economic incentives and private investment, Texas now has more than 8,000 megawatts of installed wind capacity, more than twice that of any other state.
We've also strongly supported the construction of new nuclear power plants, which emit zero greenhouse gases into our atmosphere. The entrepreneurial spirit, rather than government command and control, remains the key to technological innovation, as well as greater job growth for all of us.
The oil-and-gas industry helps power the U.S. economy, especially here in Texas. More than 300,000 Texans work in the industry. They generate nearly 7 percent of the wages in our state, despite being only a little more than 3 percent of our workforce.
More than 90 percent of the wells in our country are operated by small and independent businesses, and even the major energy companies rely on small businesses as suppliers and contractors. Together these workers and businesses help reduce our dependence on foreign oil and contribute to the diversity of energy resources that we will need for decades to come.
Domestic oil and gas production is part of America's energy solution, but many in Washington see the industry as part of the problem. As a member of the Senate Finance Committee, I heard the Obama administration testify this month that our domestic oil-and-gas industry actually reduces our long-term energy security. In their view, our industry is guilty of overproduction, at a time when 60 percent of our oil comes from foreign sources.
To attack overproduction, the White House wants to repeal nine oil and gas incentives that encourage our entrepreneurs to develop America's natural resources and create new jobs. By doing so, the administration would impose more than $30 billion in new taxes over 10 years.
Texans would pay the biggest share of that bill, and some might pay by going out of business. For example, independent refineries must make the same large capital investments as their global competitors, while operating on much thinner profit margins. Raising taxes now could end their ability to compete and send more Texans to the unemployment line.
Higher taxes would cost jobs here in Texas and weaken our nation's strategic position overseas. The less oil and gas we produce here, the more dependent we are on foreign suppliers. And no matter which suppliers we choose, unfriendly regimes like Iran and Venezuela would claim a larger share of the global energy market.
In addition, U.S. private businesses would be further disadvantaged compared to their state-owned competitors, such as Russia's Gazprom and Brazil's Petrobras.
The White House has ignored strategic and economic reality and elevated liberal ideology. Despite identifying a goal we all share — the diversification of America's energy supplies — they have pursued a more statist agenda in pursuit of “the greatest social return.” But raising taxes on our oil and gas producers won't produce the return we want. Instead, we would only weaken our energy security, force many businesses to close or lay off workers and lengthen the longest and deepest recession in a generation.
Texans understand that we must develop all potential sources of energy, and we also understand the right way to do it. Thanks to economic incentives and private investment, Texas now has more than 8,000 megawatts of installed wind capacity, more than twice that of any other state.
We've also strongly supported the construction of new nuclear power plants, which emit zero greenhouse gases into our atmosphere. The entrepreneurial spirit, rather than government command and control, remains the key to technological innovation, as well as greater job growth for all of us.
Friday, October 2, 2009
Maritime Jobs Online
Maritime Jobs Online
The following is an extract from Bernama.com
KUALA LUMPUR, Oct 2 (Bernama) -- More jobs in the oil and gas industry will resurface in the second half of this year as oil price has started to stabilise, coupled with improving demand for exploration and production activities recover, says MIDF Research.
"For the year todate, about RM4 billion worth of contracts have been awarded to local oil and gas players. We believe the amount will continue to rise in the fourth quarter of this year," it said in a research note Friday.
Some of the expected key projects that may be awarded to local players are Sabah Oil and Gas Terminal, proposed refineries in Yan, Kedah, Manjong, Perak, Asian Petroleum Hub at the Port of Tanjung Pelepas in Johor and Petronas' shallow water offshore installation umbrella expected to be announced in the fourth quarter of this year.
Moving forward, MIDF expects fourth quarter earnings to improve on the back of rising exploration and production activities as oil price had started to stabilise at US$60-US$70 per barrel.
Despite reports of national oil companies and oil majors reducing their capex budgets, MIDF said most oil players are committed to their budgets.
"Nevertheless, those who have reduced their budgets, spending are still at the least, about 50 per cent from their original budget. Therefore, jobs are still available but not as aplenty as before," MIDF said.
It said hard hit leading segments in the oil and gas industry are shipbuilders, refineries, fabricators, engineering, procurement, construction and commissioning players.
MIDF also estimated Malaysian consumption demand was growing at four per cent whilst production growth was about 2.7 per cent.
"It is therefore vital for Petronas to continue developing the domestic oil and gas segment to maintain the nation's strategic reserve replenishment ratio," it said.
Malaysia's current reserve replenishment ratio stands at 1.80 times for 2009, with current reserves of 20.18 billion barrels of oil equivalent.
MIDF said most key players in the oil and gas sector such as Dialog, Sapura Crest and Kencana are shifting their reliance to foreign revenue.
"They're driven by more job opportunities, lucrative margins, opportunity for technology tie-ups and expansion of regional presence," it added.
-- BERNAMA
The following is an extract from Bernama.com
KUALA LUMPUR, Oct 2 (Bernama) -- More jobs in the oil and gas industry will resurface in the second half of this year as oil price has started to stabilise, coupled with improving demand for exploration and production activities recover, says MIDF Research.
"For the year todate, about RM4 billion worth of contracts have been awarded to local oil and gas players. We believe the amount will continue to rise in the fourth quarter of this year," it said in a research note Friday.
Some of the expected key projects that may be awarded to local players are Sabah Oil and Gas Terminal, proposed refineries in Yan, Kedah, Manjong, Perak, Asian Petroleum Hub at the Port of Tanjung Pelepas in Johor and Petronas' shallow water offshore installation umbrella expected to be announced in the fourth quarter of this year.
Moving forward, MIDF expects fourth quarter earnings to improve on the back of rising exploration and production activities as oil price had started to stabilise at US$60-US$70 per barrel.
Despite reports of national oil companies and oil majors reducing their capex budgets, MIDF said most oil players are committed to their budgets.
"Nevertheless, those who have reduced their budgets, spending are still at the least, about 50 per cent from their original budget. Therefore, jobs are still available but not as aplenty as before," MIDF said.
It said hard hit leading segments in the oil and gas industry are shipbuilders, refineries, fabricators, engineering, procurement, construction and commissioning players.
MIDF also estimated Malaysian consumption demand was growing at four per cent whilst production growth was about 2.7 per cent.
"It is therefore vital for Petronas to continue developing the domestic oil and gas segment to maintain the nation's strategic reserve replenishment ratio," it said.
Malaysia's current reserve replenishment ratio stands at 1.80 times for 2009, with current reserves of 20.18 billion barrels of oil equivalent.
MIDF said most key players in the oil and gas sector such as Dialog, Sapura Crest and Kencana are shifting their reliance to foreign revenue.
"They're driven by more job opportunities, lucrative margins, opportunity for technology tie-ups and expansion of regional presence," it added.
-- BERNAMA
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