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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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According to allegation, Robert Rizzo, the former city administrator of Bell, Calif., could have been the king of swindling public sector employees not so long ago. Today, Rizzo just pleaded no contest to 69 counts in his corruption trial, according to a Los Angeles County District Attorney's office press release. And he's likely to get the "the longest prison term for public corruption" - the judge says 10 to 12 years - in the area since 2000. Came in no more than a week before a jury was to be chosen, Rizzo's plea was a surprise to everyone counting the DA. "An open plea", this is what the DA's office calls the move to the presiding judge and was not a negotiated settlement. According to the DA's statement Rizzo was part of an alleged corruption ring that reportedly included his one-time deputy and co-defendant, former assistant city manager Angela Spaccia. On Monday, her trial is scheduled to start. Furthermore, five former Bell elected officials - including a mayor, vice-mayor, and three council members - were already found guilty in March. The reports say the ring was as brazen as it was large. The five ex-officials paid themselves salaries topping off at $100,000 yearly in a city of 35,000 people, 25 percent of whom lived underneath the poverty line. An audit had found that the officials unlawfully raised local taxes and fees to fund their salaries. They were pikers as compared to what allegedly went on somewhere else. According to the report, Rizzo's paycheck reached a $1.5 million peak in a year when he had 107 vacation days and 36 sick days. His salary before he resigned in July 2010 was just under what must have seemed in comparison a paltry $800,000, according to the DA's office. Putting it into context, that's about twice what the President of the United States makes. According to television station KTLA, Rizzo was charged with a variety of schemes that cost the city millions of dollars, including writi

Base from official figures, Britain is finally "on track" to recover from the economic crisis with employment back at the same level as in 2008. The economy grew by 0.6 per cent between April and June despite earlier speculation that there may have been a renewed recession. This has been followed by another rise earlier in the year. There are optimistic signs of growth with employment and the number of hours worked returning to pre-crisis levels, ending a five-year slump. But, in totality the size of the economy is still way smaller than previous to the crisis and politicians were last night eager to stress that Britain still faces years of austerity and improbability before it will have fully recovered. George Osborne, the Chancellor, said that the country was "on the mend" as he prepared to make improving the economy his key message at the next general election. "The figures are better than forecast," Mr Osborne said. "Britain is holding its nerve. We are sticking to our economic plan. "Britain is on the mend, but we've got to stick with the plan because there's still a long way to go." David Cameron, who went on his annual summer holiday, added: "We are on the right track - building an economy for hard-working people." Nonetheless, senior politicians also gave warning to people "not to get carried away"and stressed that ministers were not complacent. Vince Cable, the Business Secretary, said that he would not be prepared to declare that the economy had recovered before there had been another "two or three years" of strong growth. Neil Bentley, the deputy director-general of the CBI, said that the figures confirmed that Britain was on the road to recovery although there were likely to be "a few bumps ahead". "Underlying conditions are quite weak as consumers are still saddled with debt and despite the global economy picking up, the potential for getting knocked off course remains," he said. According to the O

Half of the companies said they were already planning to use their expertise by investing abroad Companies in the UK oil and gas sector expect to create up to 39,000 jobs over the next two years. A survey of 100 companies, commissioned by the Bank of Scotland, found expectations of employment growth had increased since last year. A clear majority (69%) of executives in the companies were optimistic about their growth prospects in 2014/2015. A total of 38% of those responding said a shortage of skilled workers would be their greatest challenge. Continue reading the main story "Start Quote Scotland should reap the largest share of these new jobs, however other parts of the UK will benefit from expansion plans" Stuart White Bank of Scotland International expansion was cited as a priority by 64% of those taking part. Key areas for investment were Africa, North America and the Middle East. 'Expand internationally' The survey found 46% of companies were already planning further growth in foreign markets over the next 24 months. The research was carried out by BDRC Continental and companies were chosen to reflect a range of size, location and service type. A similar study carried out last year indicated companies in the sector would recruit an additional 34,000 people over two years. Bank of Scotland commercial area director Stuart White, said: "The findings of this report are excellent news for the economy, demonstrating the employment-generating nature of the oil and gas industry now and in the future. "With most of the UK's oil and gas firms clustered in Aberdeen and the north-east, Scotland should reap the largest share of these new jobs, however other parts of the UK will benefit from expansion plans. "The report also highlights the growing challenges posed by the lack of a skilled workforce." For more information: https://forum.lowyat.net/index.php?showtopic=3200182 http://forums.moneysavingexpert.com/showthread.php?p=65310369#post65310369

Most people would not take an offer of a traditional job at a major package goods company to a millennial, says Westhill Consulting Career and Employment, Australia. Starting a career may seem like a painstakingly trek up a corporate ladder for nowadays upstart professional. They rather work at Google, Twitter, and Facebook. As well as working at smaller companies like Snapchat that just turned down a multi-billion offer to be sold. In fact, most people would choose to start up a career at start-up. This is not to say that a great company like S.C. Johnson that owns the Drano brand can't attract great people. But, it does mean that the competition to attract the best and the brightest for traditional brand name companies is tougher. And, part of that challenge is an incredible difference between the generations on what constitutes success. As a board member of a few young fast start-ups, I see this first hand. The majority of talented students are not targeting the Fortune 500 as a place to work - or even Wall Street. And the reason? That target is off the radar of the lifestyle they want to lead. Before, when I noted these great young minds want to start at a startup - the driver is not money. Although, money is nice, lifestyle is more compelling. For millennials, titles like CEO, COO, and CFO have little cache. These bright people are just fine if their next job is sideways and even down the organization. I noted that they are not climbing a corporate ladder; they are playing on a jungle gym. In swinging from job to job, or project to project, millennials are really seeking a career track where they can make a difference. They ask, "Am I growing professionally and personally." Plus, they manage their personal off hours to fit their lifestyle and budget. Think about how money is not a driver for them. When I w

http://www.westhillconsulting-career.com/blog/2014/05/07/answer-question-whats-salary-requirement/ You may find yourself trapped whenever asked the question about compensation. It is supposed to be a general warning not to answer the question since it is the biggest scam question a company do for their own benefit. Giving too high amount may lead you to not land on the job, but too low then you just labeled yourself. And if ever you take the job, make sure to make up for this salary setback the next time you're negotiating your salary. Almost all job applications require to state the desired salary of the applicant. This is for their own benefit because they now gain the total control. Kip Kipley, director of human resources for WorldatWork, an association for HR professionals said human-resources executives believe that requesting salary information in advance helps them find the best candidates for openings. This is the reason why hiring managers and HR reps want to name your price so do not fall for it and instead there is a way around the dreaded salary requirement question. Westhill Consulting Career and Employment, Australia provides you the following tips in answering the said question. Understand Your True Value Get a better understanding of how much you should be making based on your expertise and skills by doing a research beforehand. "It's a strength of a candidate to have a solid market understanding of their salary value," says Megan Zengerle, VP of People Operations at Creative Live. "This can be achieved by understanding what other companies are offering or paying for the role and I always encourage candidates to talk to their peers to ascertain this information." Don't Leave the Salary Requirement Blank Don't skip the salary requirement if you

The total of Americans filing new requests for unemployment assistances fell more than anticipated, signifying that a severe stoppage in job progress last month was perhaps a deviation. Initial claims for state unemployment benefits dropped 36,000 to a seasonally adjusted 280,000 for the week ended Sept. 13, the Labor Department said last Sept. 11. It was the lowermost level ever since July. Claims for the previous week were studied to show 1,000 more applications received than formerly reported. Economists polled by Reuters had forecast claims falling to only 305,000 last week. Westhill Consulting Career and Employment, Australia is also feeling the growth since last year, an example were the upsurge in the economy in Indonesia which eventually paved the way of many job openings in Jakarta. Since then, lesser complaints were reported. The four-week moving average of claims, measured a better amount of labor market drifts as it irons out week-to-week instability, fell 4,750 to 299,500. A Labor Department analyst said there were no special factors influencing the state level data. This month's data covered the period during which employers were charted for September's non-farm payrolls. Claims drop 19,000 between the August and September survey times. That proposes payrolls growth bounce back from August's eight-month low, which most economists terminated as a fluke, noting that payroll improvements tend to be lesser in August for the reason that of problems regulating the data for seasonal variations in hiring. Employers appended only 142,000 jobs to their payrolls in August, breaking six consecutive months of job upsurges above 200,000. The jobless claims report displayed the number of people still getting benefits after an early week of aid dropped