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Australia needs more people, and it's not hard to see why. A tight market for skilled labor is causing problems for oil and gas companies, with strikes halting work on Woodside's Pluto LNG project, and one offshore contractor caving in to staff demands for a 30% pay rise earlier this month. Such developments threaten timetables and budgets for the country's...
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Top articles from all Energy Intelligence Publications:
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Ecuador Could See Exodus of Foreign Oil Firms
Oil Daily (Tuesday, February 9, 2010)
US major ConocoPhillips and Argentina-based CGC are seeking to exit their production contracts in Ecuador, while several other producers may soon take similar steps. |
Iraq Urges Cooperation on Water Injection
International Oil Daily (Tuesday, February 9, 2010)
Iraq is hoping to overcome a major challenge to its oil expansion plans -- the need for water injection -- by urging international oil companies to join forces and pipe water in from the Mideast Gulf to increase pressure and boost output from its southern fields. |
Effort to Rein in Energy Market Speculation Shifting Worldwide
Natural Gas Week (Monday, February 8, 2010)
Last month, the US Commodity Futures Trading Commission released plans to increase energy futures market oversight and position limits in order rein in speculators. Now, other countries have joined that initiative to standardize controls worldwide. |
Shell Official: Perdido Platform Built on Courage, New Technology
Natural Gas Week (Monday, February 8, 2010)
Shell's Perdido platform in the deepwater Gulf of Mexico is easy enough to describe -- gigantic in every sense of the word. But there's more to the story than the black-and-white statistics about the deepest drilling and production facility on the planet. It's a story of courage and pushing the boundries of technology. |
Russia Delays Shtokman by Three Years
International Oil Daily (Monday, February 8, 2010)
Russia has decided to push back the start of production from its giant Shtokman gas development by three years because of what it calls "changes in the market situation." |
Obama Oil Tax Hike Runs Into Resistance
Oil Daily (Monday, February 8, 2010)
President Barack Obama's plans to scrap a host of tax breaks for oil and gas producers are already facing strong resistance from several Democratic and Republican lawmakers in Congress. |
US, Saudis Adjust as More Oil Moves East
Petroleum Intelligence Weekly (Monday, February 8, 2010)
Global oil flows are changing. For several years now, Mideast oil producers have been adjusting to new market realities and shipping more crude to Asia. But this trend has been accelerated by the 2008-09 recession, which hurt oil consumption much less in Asia's two main economic growth engines of China and India than it did in the more mature markets of Europe and North America. |
Caracas Keen to Accentuate the Positive
Petroleum Intelligence Weekly (Monday, February 8, 2010)
After all the delays and prevarications, Venezuela's Carabobo licensing round scarcely seemed worth the wait. On the plus side, there were bids for all three projects on offer, which could ultimately provide a total of $5.5 billion in signature bonuses to the government and loans to state Petroleos de Venezuela . But those bids came from just two consortiums, indicating that despite negotiations with likely bidders and multiple revisions, the tender's fiscal terms were not attractive enough. |
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