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The Japan Bank for International Cooperation will offer financing for construction of an offshore hydrocarbon processing facility in Australia’s Taranabula Basin, said Nobuyuki Sakakibara, the chairman of JBIC. Check out more details here oil and gas recruitment agencies uk.

Offshore plants are considered an important part of a growing pipeline of projects being discussed by Exxon Mobil Corp., Chevron Corp. and other energy firms in Australia, where exploration is progressing into deeper waters. The Japanese banks will seek a similar project in Papua New Guinea, he said in an interview in Tokyo.

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The PNG project will be owned by a consortium that includes the international oil companies, Australian companies and investors from Indonesia and the Philippines, according to a PNG official. The Papua New Guinea facility will be used for offshore gas production, a gas importation facility and potentially a liquefied natural gas export facility, according to people familiar with the discussions.

LNG Markets.

A number of export projects aimed at bringing energy to China have faced delays and rising costs over the past year, as slowing economic growth and global oversupplies undermine the idea of investing in a new market. The smaller pool of export projects will help reduce the risks associated with LNG markets in Asia, which will help spur “greater participation by investors in offshore gas projects,” according to Connor.

Papua New Guinea and the Philippines are seeking funds to develop off-shore projects, including for liquefaction terminals and LNG. The Asia-Pacific will account for 55 percent of the world’s LNG demand growth over the next few years, according to consultants Wood Mackenzie Ltd.

New Guinea and the Philippines are seeking funds to develop off-shore projects, including for liquefaction terminals and LNG. The Japan Bank for International Cooperation will offer financing for construction of an offshore hydrocarbon processing facility in Australia’s Taranabula Basin, said Nobuyuki Sakakibara, the chairman of JBIC.

Offshore plants are considered an important part of a growing pipeline of projects being discussed by Exxon Mobil Corp., Chevron Corp. and other energy firms in Australia, where exploration is progressing into deeper waters. The Japanese banks will seek a similar project in Papua New Guinea, he said in an interview in Tokyo.The PNG project will be owned by a consortium that includes the international oil companies, Australian companies and investors from Indonesia and the Philippines, according to a PNG official.

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Back in my profession, I worked in financial accounting, which was not my first choice. I liked the human element too much and in my profession the human element is, in fact, the only element: setting things up to work well and make money.

I did get into financial accounting. But my first two jobs did not give me much of an opportunity to engage with financial systems, and one did not even have a computer: if the client lost their homework, or money came in without anyone noticing, or prices changed unexpectedly, or calculations did not run smoothly, there was not much I could do about it.

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Yet in the U.S. the industry’s growth is outpacing offshore. The Energy Information Administration says the offshore market for oil and gas is expanding by 19 per cent annually, outpacing the offshore’s increase by 2 per cent per year.

“More than 35,000 jobs will be created by 2025 and more than 9,000 jobs will be created by 2025 alone” in the U.S., said Mike Monroe, senior offshore energy consultant with Endeavor Energy Resources LLC.

Canada is still expecting at least $10 billion of revenue from its offshore energy industry over the next decade, according to Alberta’s Energy Minister.

The industry is working to open access to some relatively new technology — particularly offshore oil drilling and gas production — to new markets, whether in the U.S. or Asia.

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