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Text of report by Kelvin Ebiri entitled “Mosop warns Shell” published by Nigerian newspaper The Guardian website on 16 April read more Like this:Like Loading... This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website,
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are owned by John Donovan. There is also a Wikipedia segment.
An energy industry sapped of manpower
By Carl Mortished
A staffing crisis is crippling the oil and gas sector
AN ACUTE shortage of skills in the oil and gas industry has become a crisis, a problem as serious as the shortage of rigs and equipment and one that is forcing companies to absorb huge salary increases to keep projects running.
The dearth of qualified professionals — reservoir engineers, geophysicists and project designers — is so acute that oil and gas projects are being delayed, putting at risk expectations of future production and delivery of fuel.
Alarm bells are ringing in the United States, where contractors working on major liquefied natural gas (LNG) projects are complaining of labour and equipment shortages. According to Wood Mackenzie, a six-month delay to all the LNG projects under construction would leave the US with a potential gas shortfall of two billion cubic feet per day in the winter of 2008-09.
“The industry is in a people crisis,” said Dennis Proctor, chief executive of Hunting, a British oil services company that sells drilling and well technology to leading oil companies. “I have seen salaries double in a year.”
read more Like this:Like Loading... This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, and shellnews.net,
are owned by John Donovan. There is also a Wikipedia segment.
BP set to pay record price for drillship
By Carl Mortished |
BP HAS agreed to pay more than $500,000 a day to secure the continued use of a drillship in the Gulf of Mexico. The price, a record rate for an oceangoing rig, shows how rapidly oil exploration costs are rising as the search for new fields hots up.
From December next year, BP will pay a day rate of $520,000 (£297,000) to charter the Discoverer Enterprise, almost three times more than it pays at present for the use of the ship.
The surge in price reflects a desperation among oil explorers to retain control of scarce resources, essential if the companies are to meet their own oil production targets. A shortage of drilling rigs is delaying exploration programmes in the North Sea while a surge in drilling activity in the Middle East is driving up the costs offshore of Texas and Louisiana as the newly rich state-owned oil companies of the Gulf compete with US multinationals for the latest technology.
Shortages in labour and equipment are causing concern that the scheduling of major projects will be affected and badly needed additions to global hydrocarbon output will be delayed, further increasing the upward pressure on oil and gas prices.
read more Like this:Like Loading... This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, and shellnews.net,
are owned by John Donovan. There is also a Wikipedia segment.
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