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News Archive for: December 2013

Australian gas skills shortage could spark emigration boom for UK oil workers:

The rapid growth of Australia’s natural gas industry could offer a new home for expat oil workers, migration experts have warned.

Queensland’s natural gas resources has sparked an LNG boom in the region, with the chief executive of Energy Skills Queensland warning that the industry faces the same skills shortage…

Marathon Oil set to accelerate U.S. resource play activity and market North Sea assets:

Marathon Oil Corporation (NYSE: MRO), at its Analyst Day in New York today, is providing investors with a comprehensive report on the Company’s global operations, including a review of strategic plans to achieve profitable growth and competitive returns for shareholders.

“When you look at the three priorities for our 2014…

Chevron announces $39.8 billion capital and exploratory budget for 2014:

Chevron Corporation (NYSE: CVX) announced a $39.8 billion capital and exploratory investment program for 2014. Included in the 2014 program are $4.8 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron.

The 2014 budget is approximately $2 billion lower than expected total investments for 2013….

New shale gas drilling areas to be revealed as communities promised £100,000 benefits for fracking:

Large swathes of Britain will be opened up for shale gas drilling under plans due to be announced next week, with local communities promised £100,000 in benefits for every well subjected to fracking – even if no gas is produced.

Ministers are preparing to identify thousands of square miles of…

New gas rush for Tanzania after fifth major find made offshore:

A fifth major gas discovery has been made off the coast of Tanzania.

ExxonMobil and Statoil confirmed the new find, of around 2-3trillion cubic feet of gas, in the Mronge well off the coast of the East African country.

The latest find alone would be equivalent to the whole UK gas…

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