The oil and gas industry is arguably the top sector in relation to GDP contribution to global economies and we have witnessed considerable change in the industry. This change has been driven by a number of things - technological advancement, rising oil prices, reserve issues, and conflict and political uncertainty where hydrocarbon extraction and distribution of resources are concerned; not to mention the issues of global climate change which is with us now and not a thing of the future.

Expanding economies in India and China has seen a massive growth in oil demand to service these business economies. the growth in demand for cars and other transport is also fuelling demand. in the UK they have over 25 million cars in a population of 58 million this is almost two cars per household and is set to grow further (Europe is also experiencing a growth bonanza where the car is concerned)..

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Oil

Global Talent Management Crisis Most of the Oil sector is now under considerable pressure as an upwardly mobile workforce moves between companies and countries. Global mobility is completely changing the landscape of recruitment, training and retention; while companies are investing millions of $ in training and educating of their workforce only to find that as fast as they invest the staff are moving on, and the crisis just self perpetuates creating yet another crisis for them. How do you stand back from what you have done in the past (un-learn the old and learn something new)? This requires a whole new mind set on how you manage your human capital, train it and then even more important hold onto it. Jasper International have been working in this field for a long time deploying some of the latest technologies and know-how on how to strategically manage a fickle workforce looking for the best opportunities. Companies are now fishing for their talent in the same pool with an ever decreasing fishing stock and even actively poaching staff from each other (this can not continue). Do you need help for the long term? This short term fix will back fire unless you can deal with the problems rather than fix the symptoms!

(Kuwait) Arab Times Kuwait 15th April. Kuwait publishes its 2006 / 07 economic surplus of $54 billion. This is up 40% on 2005 / 0.

(Saudi Arabia) TOKYO/SINGAPORE - Saudi Arabia raised its June official selling prices (OSPs) to Asia to levels unseen for at least 10 months, pushing the premium of its Super Light grade to a new record, reflecting firmer demand, traders said on Monday. News Link

(General) The outlook indicated that going by the recent increases in world oil prices, global oil consumption is projected to grow by 1.5-million barrels per day in 2007 and 1.6-million bpd in 2008. "About one-half of the projected growth in world oil consumption (World Oil Consumption Growth) would come from China and the United States.