Daily Archives: March 19, 2012

Vacancy – Finance Manager – Oil & Gas

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Our client is a multinational corporation with operations and subsidiaries spread across the globe in the Middle East, Europe, North Africa, Asia, Asia-Pacific, Australia and New Zealand. They have become one of the fastest growing and largest oilfield services companies in the Middle East with operations in over 20 countries.

They now require a CPA/CA Finance Manager with 3-4 years experience in the Oil and Gas industry and at least 12 years finance experience. This role will have direct reporting to the CFO and CEO.

Full Job Details: http://www.energyjobline.com/career/28131/Finance-Manager-Oil-Gas-State-Hannover

Vacancy – Pipeline Commissioning Engineer

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Are you a skilled Pipeline commissioning Engineer looking for a new challenge? Do you have the drive to work for an emerging corporation?

Our client is a leading oil and gas company based in the UK; they are currently looking to hire an experienced commissioning Engineer to join their well respected team of professionals.

The key skills required are:

- Commissioning engineer experience on PIPELINE

- Deep Water exp

- International exp

- Managerial exp

-Offshore experience

This company is offering an excellent salary with challenging job situations, career development and satisfaction. The role has the potential to lead to seniority within the company. Do you have the necessary experience and leadership qualities to succeed in this role?

 

Full Details: http://www.energyjobline.com/career/28133/Pipeline-Commissioning-Engineer-Operator-Uk-For-The-Right-Candidate-State-London

New Oil Reservoirs Discovered: Pakistan

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Islamabad—Oil and Gas Exploration companies working in different parts of the country drilled 102 wells during the last four years and discovered 38 reservoirs, taking the natural gas production from 3,973 million cubic feet per day (MMcfd) to 4,165 Mmcfd. The Ministry of Petroleum and Natural Resources awarded 47 exploration licences, from 2007 to 2011, to exploit the natural oil and gas resources.
The companies dug 102 wells and found 38 new reservoirs, which increased the gas production from 3,973 Mmcfd to 4,165 Mmcfd,” official sources in the Ministry of Petroleum and Natural Resources told reporter on Sunday while commenting on the four-year performance and achievements of the ministry. Besides, around 800 Mmcfd gas would be added in the system by August-September after producing through local reservoirs.
The sources said the ministry announced Petroleum Policy in 2009 and gave a number of incentives to oil and gas exploration companies aimed at achieving self-sufficiency in the sector. While, the Policy-2012 has been finalized, which would be announced soon, the Council of Common Interests has accorded its approval in principle, which would help attract more local and foreign investment in oil and gas sector, they added.
Apart making indigenous efforts, they said, the government is working on different plans like Iran-Pakistan (IP) gas pipeline and Turkmenistan-Afghanistan-Pakistan-India gas pipeline projects to import the commodity for meeting the growing energy demand in the country.
“Work on the I-P gas pipeline project is at a fairly advanced stage. Under the project, Pakistan will construct approximately 800 km pipeline from Iran-Pakistan border to Nawabshah. The venture has entered into the implementation phase and work on Front End Engineering and Design, Feasibility and Detailed Route Survey has already been started by the consultant which is scheduled to be completed by June,
2012,” they observed.
Bids for construction of the pipeline will be invited after completion of the survey. Pinning high hopes with the gas pipeline project, the sources termed it ‘hallmark’ of the government, which would help bridge the projected gas shortfall in the country. Pakistan and Iran had signed the Intergovernmental Framework Declaration in May, 2009 for early implementation on the project conceived in early nineties.
Subsequently, respective commercial entities Inter State Gas Systems Limited (ISGS) from Pakistan side and National Iranian Oil Company (NIOC) from Iranian side entered into the Gas Sale and Purchase Agreement (GSPA) on June 5, 2009. The pipeline of 56-inch diameter will cover around 1931- Kilometer distance starting from Iran’s South Pars gas field. The project implementation and construction is targeted in four years and the first gas flow will be available by the end of December 2014. The 750 mmcfd gas volume will help generate around 4,000 MW electricity and provide more job opportunities in backward areas of Balochistan and Sindh.
Similarly, Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project is being undertaken, which would cost around US$ 7.6 billion. All the stakeholders have achieved consensus on a number of issues and accordingly signed three agreements in December 2010. First gas flow is expected in 2016 and Pakistan will get 1325 Mmcfd of gas – almost double as compared to IP project. The sources said the ministry is formulating the low British Thermal Units (BTU) policy for power sector, according to which, low BTU gas fields and unconventional hydrocarbon reservoirs will be prepared separately to meet the rapidly increasing energy requirements.
They said Liquefied Petroleum Gas (LPG) and Liquefied Natural Gas (LNG) policies have been introduced to ensure LPG availability in every nook and corner of the country besides encouraging LNG’s import. For the first time in history of the country, the sources said, the present democratic government introduced Gas Theft Act- 2011 to stop unauthorized use of gas
“Theft of natural gas has been declared a cognizable offence.”  They said a think-tank has been established for providing expert advice on issues pertaining to oil and gas sector. A Task Force has been established for monitoring and checking compressed natural gas cylinders to avoid any untoward incident.
During last four years, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) installed 13,90,234 new domestic, commercial and industrial gas connections. Giving the break-up, the sources said the SNGPL granted 970,699 domestic, 13,379 commercial and 1,693 industrial gas connections. Whereas, the SSGCL provided the facility to 397,654 domestic, 5,944 commercial and 865 industrial consumers.

South Africa aims for Green Jobs

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The South African government concluded its second round of bidding to develop renewable energy projects the first week of March. While final results have yet to be disclosed, Standard Bank Group (SBK), the largest lender on the African continent, agreed to provide financing for 31 renewable energy projects worth as much as 19 billion South African rand (SAR) (~$2.5 billion). This adds to the SAR8.2 billion ($1.08 billion) it agreed to finance in a first round of bidding, which took place last November, according to a Bloomberg News report.

A total of 79 bids were received in the second round of renewable energy project bidding. The Dept. of Energy expects to finish evaluating them on May 11. Standard Bank South Africa agreed to provide senior debt underwriting wind and solar photovoltaic (PV) projects with a total generating capacity of 1,454 MW, SBK’s head of power finance Alastair Campbell told Bloomberg News. The second round was more competitive than the first, squeezing everyone’s margins, which bodes well for electricity consumers in South Africa, he added.

“The second bidding window has resulted in a lot of bidders being aggressive in the pricing of their bids. We expect to see those bidders that secure preferred bidder status, coming in materially below the tariff caps that were set,” Campbell was quoted as saying in BusinessDay South Africa.

South Africa’s Drive for Independent Renewable Power Drive

The South African government’s Independent Power Producers (IPP) Procurement Program is the centerpiece of its drive to stimulate renewable energy and environmentally sustainable economic development and jobs growth in South Africa as per its national Integrated Resource Plan, which was enacted by the South African Parliament this past summer.

The 20-year Integrated Resource Plan calls for 42% (~17,800 MW) of South Africa’s electricity supply to come from renewable sources by 2030 and be developed in a way that contributes constructively towards socio-economic and environmentally sustainable growth. In submitting proposals during a planned five rounds of IPP project bidding, developers are “required to bid on tariff and identified socio-economic development objectives” of the South African Dept. of Energy.

The SA Dept. of Energy received more than 270 renewable energy project development bids in the IPP program’s first round, under which the government expects the first 3,725 MW of renewable energy capacity to be built by 2016. Between $10 billion-$12 billion is expected to be invested in the first round projects.

Contracts for an initial 28 renewable energy projects with a capacity of 1,416 MW were awarded in the first round of IPP bidding, the results of which were announced at the UN International Panel on Climate Change (IPCC) conference in Durban last December. Accepted were bids to develop onshore wind (1,850 MW), solar photovoltaic (PV) (1,450 MW), concentrating solar power (CSP) (200 MW), biomass (12.5 MW), biogas (12.5 MW), landfill gas (25 MW), small hydro (75 MW) and other small projects of less than 5 MW (100 MW), according to a report from Creamer Media’s Engineering News. The projects are required to close financing by June.

Job Creation and Diversifying South Africa’s Energy Sector

Looking to liberalize and diversify its power industry, state-owned utility Eskom, which supplies some 95% of the nation’s electricity, has been limited to participating in the IPP program as a buyer and to making grid interconnections. Preferred bidders selected by the SA Dept. of Energy in November need to conclude a power purchase agreement with Eskom, as well as a grid interconnection agreement with them or a municipality, as well as sign an implementation agreement with the department.

South African electricity prices have trebled in the last four years as Eskom, which generates more than 90% of its electricity from thermal coal plants, has raised prices and has been forced to shut down and ration electricity supply persistently in recent years.

The South African government is looking to the IRP and IPP program to address another chronic domestic issue besides the high and rising cost of fossil fuel energy: job creation. The SA government increased the percentage of local content required to develop renewable energy projects following the second round of IPP program bidding.

The amount of local content “was a major factor in the evaluation of the [second round] bids,” SBK’s head of power and infrastructure advisory Ntlai Mosiah, told BusinessDay. “The challenge that most of our developers have is that when they become operational … they are creating social upliftment and jobs in the area,” he said.

Two preferred IPP bidders, Gestamp Wind and India’s Suzlon Energy Ltd., are planning to establish manufacturing facilities in South Africa, according to Bloomberg News’ report.

Spain’s Abengoa won contracts to develop two CSP projects in South Africa’s Northern Cape province. Abengoa will employ solar tower technology at the 50-MW Khi Solar One plant and solar parabolic trough technology at the 100 MW KaXu Solar plant. Abengoa projects that some 1,400 construction jobs and around 70 permanent, full-time, local jobs will be created as a result.

Source: Clean Technica