Word: oilfields
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...house is suffering from unemployment," says Umm Mohammed, 65, who lives in nearby Alsabah village. "This is what disgusts me and my children." She and her neighbors say local investment and jobs were promised but not delivered and farmland was damaged by oilfield equipment and compensation was never provided. (See pictures of President Obama's visit to Iraq...
...just minerals Beijing is now frantic to buy. On March 3, China National Petroleum Corp. agreed to buy Calgary based Verenex Energy, which has a 50% stake in a huge Libyan oilfield, for $390 million. The China Development Bank and China Petroleum & Oil Corp. last month invested $10 billion in Petrobras, Brazil's state-owned oil company and the prime operator in one of the most promising new offshore fields in the world. The deal gives Petrobras capital to further develop the fields. In return, China will get 100,000 to 160,000 barrels of oil a day over...
...even fields once thought tapped out are getting attention. Sites like oilfieldworkers. com are touting jobs for $100 a day, with no experience needed. Is gushing oil too icky for you? Hate living in camps outdoors? Oil companies are looking for cooks and medics too, say the ads. At oilfield jobs ok.com the come-on is for 700 jobs in Oklahoma, paying $20,000 to $60,000, with benefits, flex hours and job training. "Great opportunities for hardworking guys like you!" says...
...Transportation has issued a "corrective action order" to BP to repair a leaky pipeline and improve corrosion inspections in its Prudhoe Bay oil field, the nation's largest. The order, first obtained by the Anchorage Daily News, reveals alarming details about the deteriorated condition of the pipeline, a major oilfield artery that leaked more than 200,000 gallons of oil onto the fragile tundra on Alaska's North Slope...
...Develop a better plan to reduce internal corrosion inside the failed pipe, as well as other major oilfield lines...