Recruitment positions for the Oil and Gas industry
Latest jobs >>>
Reservoir Engineering

The Global Information Services Department in Maersk Oil is seeking a manager for its Collaboration Centre, called M-PACT which stands for Maersk - Planning, Advisory, Collaboration and Team

Maersk Oil
Manager of Reserves and Economics

As a leader in the UK energy market, Centrica supplies gas and electricity to a vast range of residential and commercial customers under the British Gas brand. The company’s strategy is based around sourcing an increasing amount of its gas supplies from its own sources.

Centrica Energy (CE) is the division responsible for maximising these supplies. The Exploration & Development department of CE now requires a Manager of Reserves & Economics.

Centrica
Subsea Project Managers

CSL has a track record of managing subsea developments from concept to completion for oil and gas companies worldwide.

CSL
Senior Subsea Engineers

CSL has a track record of managing subsea developments from concept to completion for oil and gas companies worldwide.

CSL
Director Sales
Abbon AS
Managing Director
Mercuri Urval
3 Senior Project Managers
SLP Group
Senior Geoscientists
Gaffney, Cline and Associates
Collaboration Centre Manager for Maersk Oil Information Services, Copenhagen
Maersk Oil
Senior Reservoir / Petroleum Engineers
Gaffney, Cline and Associates
Principal Deepwater Riser and Pipeline Engineer
Brunel
Senior Subsea Engineers
CSL
Marketing Manager
Master Marine
Project Execution
FLEX LNG
Partner & Bid Manager
Master Marine
Senior Auditor
Brunel
Country Manager - China
SVITZER
Head of Production Office
Brunel
Senior Pipeline Maintenance Engineer
Nord Stream
Drilling Technical Assistant
Brunel
Senior Pipeline Operation Engineer
Nord Stream
Deep Water Drilling and Completion Superintendent
Eni International Resources Limited
DCC Lead
Brunel
Senior Geoscientists
Gaffney, Cline and Associates
Structural Engineer
Master Marine
Project Managers
Master Marine
Senior Pipeline Process Engineer
Nord Stream
Senior Permitting Manager Russia
Nord Stream
Senior Reservoir / Petroleum Engineers
Gaffney, Cline and Associates
More jobs >>>

LIVE

Sunday, 12 October, 2008, 12:20 GMT | more prices >>

Argentina tax plan slugs Petrolifera stock

By Upstream staff

Petrolifera Petroleum shares plunged nearly 17% today as the company said an export tax on its crude oil production in Argentina would cut its cash flow by about 8%.

Shares in the company were down C$2.16 (US$2.22) at C$10.80 late in the morning on the Toronto Stock Exchange. Almost 250,000 shares changed hands, almost 40% more than the usual daily average.

Including the drop today, the shares have fallen 49% over the past 12 months.

The company, which is based in Calgary but produces oil and gas in Argentina, said in a statement it is rethinking its C$76 million 2008 capital spending plan in the South American country after the government "introduced an increase in the export tax for crude oil and refined products".

Petrolifera said the change appeared to set a $42 a barrel ceiling price on oil in Argentina, which is currently selling for about $93.50 a barrel on the New York Mercantile Exchange.

The company said that on assumed sales of 10,000 barrels of oil per day, the company's cash flow from operations would drop 8% because of the changes.

Petrolifera's cash flow for the first nine months of this year, the money used for new projects and drilling, was C$57.7 million, or C$1.13 a share.

Petrolifera said it was still examining the full impact of the tax change but it is looking at what projects in the Argentina it would defer or abandon due to the extra costs.

($1=$0.98 Canadian)