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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

Australian businesses predicts 2014 to be a good year for growth, expecting that sales, profits, investment and employment will increase to their highest level in 12 months. Dun and Bradstreet's latest Business Expectations Survey shows capital investment and employment intentions have rebounded from negative territory in the previous quarter to sit above their 10-year average levels. Dun and Bradstreet's economics adviser, Stephen Koukoulas, says expectations for employment are particularly encouraging and should allay some people's concerns about job security. "While we're still not quite at the very strong levels for employment and hiring intentions just yet, it's clearly lifted over the last 9-12 months or so," he said. "And it's suggesting to us anyway that employment will start to lift to a more sustainable pace in the first half of 2014." The survey also explains a quarter of firms designed to raise the cost of their products and services throughout the first three months of this year 2014, a move that may prompt the Reserve Bank to lift interest rates. "It would require a global negative shock to cut rates again in our view," Mr Koukoulas said. "But more likely if the economy is stronger, if we do get a pick-up in selling prices showing up in higher inflation in the next quarter or two, then I think not only do we not have interest rate cuts coming through but the focus of the market will be more on when will the RBA start lifting interest rates and how aggressively will they do it." According to the survey, optimism among Australian businesses is also on the rise, with two-thirds of firms feeling more positive about growth prospects this year compared to last year. Employment objectives have recovered from an interpretation of -1.1 in the last quarter to 8.8 in the present quarter, the highest level in three years, at the same time as the outlook for capital spending was back from -0.4 to 7.2.

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TEFL Job Opportunities http://www.westhillconsulting-career.com/blog/2014/03/31/tefl-job-opportunities/ Your employment opportunities are excellent Travel the world; experience a foreign culture; learn a new language; and improve the futures of many. This is your chance to make a difference. WesthillConsulting & Employment Australia would like to give a warning that the following information though interesting may be illegal. Please watch out for scams. EFL/ESL teachers are in high demand world-wide. You have peace of mind in knowing that if you are a native English speaker and hold a degree we can offer you a Guaranteed Teaching Position after successful completion of both our 4-week TEFL training course and a subsquent one month volunteer teaching assignment (Package B). If you don't have a degree and whether you opt for Package A or Package B your job prospects are still excellent. A TEFL (Teaching English as a Foreign Language) certificate is one of the main qualifications required by learning institutions to teach EFL in a non-English speaking country, or ESL in an English speaking country. Wherever you decide to teach, your internationally recognised Island TEFL certificate will provide you with the credentials required to work as a TEFL teacher abroad or at home. It is worth keeping in mind that many schools are now not accepting online TEFL/TESL qualifications (unless there has been a practical teaching component included), or certificates from TEFL/TESL courses of less than 4 weeks duration. Some schools/institutes will also require a degree. TEFL teaching positions are available in government and public schools, colleges, universities, language schools, kindergartens, businesses, the tourism industry, as well as volunteering and one-to-one tutoring opportunities. Here is a list of some of the countries where your internationally recognised TEFL certificate can assist you to find TEFL teaching employment. (Please note we have tried to be as accurat

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