Halliburton Planning To Hire 11,000 In 2011

- Halliburton Planning To Hire 11,000 In 2011



Aug 25, 2011

Halliburton (NYSE:HAL) plans to hire 11,000 workers in North America in 2011, according to a top executive who told Jim Cramer on CNBC's Mad Money on Wednesday.

The president of the Western Hemisphere, Jim Brown said many of the new hires will be sent to North Dakota's oil-rich Bakken shale, which is one of the largest oil finds in the U.S.

Brown commented, "If you have a willingness to work and an aptitude to learn with a high school education, within a year-and-a-half to two years, you can become a front-line supervisor. That job will pay $125,000 to $130,000 a year. It's a tremendous opportunity. You gotta come to North Dakota, but what we're doing here, we're replicating across the nation."

Halliburton (NYSE:HAL) has a potential upside of 79.6% based on a current price of $40.27 and an average consensus analyst price target of $72.31.

Oil & Gas Post

Promote Your Page Too
LINK

Minor to Lead Ops at Far East Energy

Minor to Lead Ops at Far East Energy

Monday, May 09, 2011
Far East Energy Corp.

Far East Energy Corp. announced Monday that the Company welcomes David J. Minor as Executive Director of Operations reporting directly to Michael R. McElwrath, CEO and President.

"We are very pleased to have Dave Minor join our team," said Michael McElwrath. He continued, "With his excellent credentials, Dave brings extensive coalbed methane experience to the table, with direct and comprehensive involvement in Alabama's Black Warrior Basin. As we move into the development stage of our operations at Shouyang, it is appropriate that we add advanced skill sets to our management capacity and Dave certainly advances our collective competencies for our CBM projects in China."

In his role as Executive Director of Operations for the Company, Minor will utilize his expertise to provide guidance and advice on all operational aspects of its Coalbed Methane Projects in China. His near term goals are to implement a series of operations objectives aimed at increasing the CBM production for currently existing wells and maximizing production for newly drilled wells.

With over thirty years of engineering and management experience, including project planning, drilling, completion and production, Minor has spent the majority of his career in management and technical supervisory roles; and most recently, a transition role as President and General Manager of Walter Black Warrior Basin LLC, a Walter Energy subsidiary, operator of approximately 1,400 coalbed methane wells in Alabama's Black Warrior Basin.

Minor served as Chairman of the Coalbed Methane Association of Alabama (CMAA) from 1996-1997 and again from 1999-2002. He has also served on the Environmental, Tax and Safety Committees. Minor is a member of the Society of Petroleum Engineers and served on numerous Committees. Other professional affiliations include the National Society of Professional Engineers, The University of Alabama Capstone Engineering Society, and The Order of the Engineer. He is a Registered Professional Engineer in Alabama, Mississippi, Oklahoma, Arkansas and Texas. Minor graduated from the University of Alabama with a BS Biology; a BS Civil Engineering; and, a MS Mineral Engineering (Petroleum).

"We look forward to the technical focus that Dave will bring to Far East," said Donald A. Juckett, Chairman of Far East. "We anticipate excellent results from his tenure at Far East as he brings a wide range of technical experience to bear on the exciting Shouyang Block."

Based in Houston, Texas, with offices in Beijing, Kunming, and Taiyuan City, China, Far East Energy Corp. is focused on coalbed methane exploration and development in China.

Oil & Gas Post

Promote Your Page Too

Chariot O&G In Talks to Farm-Out Blocks Offshore Namibia

Chariot O&G In Talks to Farm-Out Blocks Offshore Namibia

Thursday, March 31, 2011
Chariot O&G Ltd.

Chariot O&G provided an update on the farm-out process and progress with regard to drilling plans and further exploration work achieved across its license acreage offshore Namibia.

Chariot has been very encouraged with the offers that have been received to date and reported that it is at the advanced negotiation stage on several blocks in the farm-out process. Discussions continue and the Company looks forward to updating the market with further information shortly.

Chariot remains committed to drilling its first well in 4Q 2011 and is pleased to report that a contract has been signed with Senergy (GB) Ltd to provide drilling and support services for its planned wells on the Tapir North (Northern License) and Nimrod (Southern License) prospects. Chariot management and a team from Senergy recently visited Namibia as part of this process, meeting with government officials and local contractors. As previously stated, Chariot is planning to drill one well in 4Q 2011 with a second in 1Q 2012.

Chariot also reports that additional attribute analysis and mapping work has continued on the 3D seismic acquired in the Southern blocks. As a result it expects to release a further resource update following the completion of this work in the early part of the second quarter.

Paul Welch, CEO of Chariot commented, "Our farm-out efforts continue to be our main focus of activity and these discussions are progressing very well. Concurrent to these negotiations, we are very pleased with our developments in regard to moving our drilling efforts forward. This year is going to be one of significant progress for the Company and I look forward to providing updates in due course."

Statoil Preps NCS Fast-Track Projects for Production

Statoil Preps NCS Fast-Track Projects for Production

Tuesday, March 29, 2011

Statoil

 

This will be the year Statoil is planning and realizing several fast-track developments on the Norwegian continental shelf (NCS). Two new projects are being launched these days, namely Gamma/Harepus and Snorre B template.

A plan for development and operation (PDO) of Gamma/Harepus is to be submitted in first quarter 2012, allowing production start-up in the fourth quarter of 2013, at the same time as the Snorre B template.

"The time has really come to industrialize the NCS by moving faster from concept to development," said Ivar Aasheim, head of the field development cluster of Development and Production Norway (DPN).

An active year

"We have come a long way in one year," he said.
"The concept has been established, deliveries with long delivery time have been secured for the first projects, construction of modules has started, and new candidates are continuously being included in our portfolio. We aim to have close to five fields in operation at the turn of the year 2012/2013 and to maintain this level in the years ahead."

After submitting the PDO for Visund South in January the list of planned fast-track projects is as follows: Visund South, Katla, Vigdis North-East, Gygrid, Fossekall and Dompap, Vilje South, Visund North, Gamma/Harepus and Snorre B template.

Unique position

"We have a unique position on the NCS as operator of a large part of the infrastructure in the established areas, allowing us to establish robust and profitable solutions for marginal fields that would otherwise not have been developed," underlined Aasheim. “But this requires greater awareness of costs and standardized solutions."

"This is the beginning of a new era on the NCS, as we move from large and tailored solutions to standardized solutions and work processes to achieve economies of scale," maintained Aasheim.