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By 25 active operators in Southeast Asia with 46 rigs, the contracting conditions have been challenging due to the collapse in crude oil prices while exploration and production spending have pressured both utilization and day rates in the region INTRODUCTION Southeast Asia is rich with hydrocarbon resources. The region is made up of Brunei, Burma, Cambodia, Timor-Leste, Jakarta Indonesia, Laos, Malaysia, Papua New Guinea, Singapore, Thailand, and Vietnam. According to Shell, the Indonesia oil industry and what subsequently became Royal Dutch Shell are closely connected. Shell discovered commercial quantities of crude oil in Sumatra just over 100 years ago. Moreover, Shell was the first to bring a drilling rig to the region and the first to discover oil off of Brunei in 1958. Today there are about 25 operators active in Southeast Asia with 46 rigs (Jack Ups, Semis and Drillships) currently contracted. Forty one of the contracted rigs are drilling, and five are waiting on location or in shipyards. In addition to the rigs that are contracted in the region, there are eight cold stacked units, nine ready stacked units, and one unit in the shipyard without a contract for a total supply of 64 rigs. Thus, total utilization in the region is 72% and ready utilization is 84%. While indications are that Jack-Up Market fundamentals have begun to stabilize. Southeast Asia only has eight semisubmersibles actively drilling in its waters (one other is contracted but not currently working). Four are off Malaysia, two are off Vietnam, one is off the Jakarta Peninsula, and another is off Myanmar. However, the drilling Jack Up count is significantly higher at 31 (four others are contracted but not currently working). Malaysia has the highest Jack Up count at twelve, followed by Vietnam with seven, Thailand with five, Indonesia with four, Brunei Darussalam with two, and East Timor with one. There are also two Drill ships working in the region. One is off Malaysia and the other is of

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The Australian Construction Industry is expected to grow by 2.6%. It is a slow but a promising start due to the impact of the coronavirus (COVID-19) outbreak.

Performance reviews are nerve-racking for everybody concerned. Managers do not pleasure evaluating their employees, and staff members seldom relish the extra inspection. Augment into the reckoning that promotions and bonuses can center on these reviews, and it's not a shock reactions can course high when review time starts. Preparation is the secret to being successful in reviews as easy as possible and by this you can avoid complaints against yourself. Whether you're anticipating a painstakingly optimistic review or an undeniably terrible one, there are points you can do prior or while the meeting to aid it go more effortlessly and to leave with your dignity and job definitely intact. Shape a praise file from day one (or start one now) In the condition that your company does reviews only once a year, it can truly extend your recall to contemplate of all the jobs you worked on ever since your previous evaluation. Maintaining an email folder, computer file or document of all you worked on will benefit you to ensure nothing falls from the cracks. You should have a warning to yourself so that you will be always ready. "As soon as a deal or initiative is completed successfully, employees should maintain details of their contribution in a 'kudos file,'" advises Tatum Soo Kim, director of advising and student services at New York University. "The kudos file is a self-maintained record of achievements and impact. Impact should be supported with hard evidence such as quantitative data, internal reports, public record or even the boss's previous feedback." Have the right attitude Decide before your meeting that you won't just "weather the storm" and get it over with as soon as possible. Instead, you should view this as a chance to bring attention to accomplishments your boss may not have noticed, says Mat Durham, director of Skyblu, a Web design company based in Worcester, U.K. Durham says there are two other po