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

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

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Abbon AS is a Norwegian company founded in 2005, providing well surveillance solutions for production optimization in the petroleum industry. Abbon AS is facing strong international growth in the Middle East, Russia and the North Sea. We are opening for a management position: Director Sales

Abbon AS controls a share majority in Optimum Production AS. Abbon AS and Optimum Production AS provide a unique value proposition to our customers with a combination of hardware, software and services. Our customers are international petroleum operators. Currently we are represented in Oslo, Stavanger and the Middle East. We plan to establish an office in Russia in summer 2009.

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Thome Offshore Management Pte Ltd offers an exciting and challenging position in an international company with great growth potential.

The MD will be responsible for management and development of the company’s business in Singapore and internationally. This will encompass dedication to daily operations, financial management, customer relations and strategic development of the company. It is crucial that you are capable of combining the strategic and operational aspects of the role. We seek an outgoing and structured person, with strong communication skills and ability to build relations at all levels of the organisation.

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The SLP Group is a long established, privately owned company with revenues of c.£120m and rising.

SLP is a turnkey solutions provider with diverse interests in the energy and infrastructure sectors and is one of the leading global providers of oil and gas platforms and renewable energy developments.

With a head office and fabrication yard in Suffolk, engineering, design and consultancy facilities in Surrey and manufacturing yards in the UK and the Middle East, the Group has direct access to domestic and export markets and a proven track record in the successful completion of EPC/EPIC contracts. SLP is regarded as a preferred supplier by a growing number of international clients and has a number of successful Partnerships, Alliances and Joint Ventures.

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LIVE

Tuesday, 07 October, 2008, 08:00 GMT | more prices >>

Venezuela rejigs oil supply pact terms

News wires

Member countries of Petrocaribe, the Caribbean energy integration organisation that Venezuela began in 2005, agreed to adjust the terms of financing for the purchase of Venezuelan oil in order to lower the impact of soaring oil prices on Caribbean countries.

Venezuelan President Hugo Chavez said that as long as Venezuelan oil costs $100 per barrel or more, Petrocaribe members will pay only 40% of their oil imports from Venezuela within 90 days, instead of 50%, as agreed upon previously.

The remaining 60% would be paid over 25 years at a fixed interest rate of 1%, in accordance with changes ratified Sunday during the Fifth Petrocaribe Summit held in Maracaibo, Venezuela.

If the price of Venezuelan oil surpasses $200 per barrel, member countries will pay 30% within 90 days, and 70% over 25 years, said the Associated Press.

Petrocaribe countries have received a total of 58.9 million barrels of Venezuelan oil, about 56,000 barrels per day.

Chavez encouraged countries to pay part of their debt in “goods and services,” assuring that “a distinct market will be born in Petrocaribe” which creates “opportunities for integral development.”

Chavez also proposed that Petrocaribe nations create mixed enterprises with the Venezuelan state oil company PDVSA to extract oil from the Orinoco Oil Belt. This way, each country in Petrocaribe would produce its own oil supply, strengthen its economy, and be less affected by the soaring oil prices, Chavez explained.

So far, Petrocaribe participants have constituted 8 mixed enterprises to make joint investments in oil refining and distribution in the region, according to Venezuela’s Energy and Petroleum Minister, Rafael Ramirez.

Petrocaribe nations also agreed to start a special fund in the Bank of ALBA (Bolivarian Alternative for the Americas), to boost food production and combat food shortages. ALBA is another regional integration initiative based on cooperative, fair trade principles as an alternative to global capitalism, whose members are Venezuela, Cuba, Nicaragua, and Bolivia, said Venezuela Analysis newspaper.

Venezuelan opposition leaders have criticised Petrocaribe and ALBA for being examples of the “diplomacy of bribery,” and accused the Chavez administration of attempting to buy support for the Venezuelan government.

Petrocaribe is now composed of 18 Caribbean countries, including Guatemala, which joined the group Sunday. Costa Rica, which is still considering membership, sent a representative to observe the summit.

Venezuela is also currently discussing plans to build an oil pipeline through Suriname and Guyana, and President Chavez discussed the construction of a transnational railway with Colombian President Alvaro Uribe during their meeting last Friday.