The OGM: Cougar Says Layoffs Won't Affect NL | Oil & Gas Industry Pays 3x National Average | Petroleum Policy Attracted $2.02bn Investment in 3 Years

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Cougar says layoffs won't affect Newfoundland offshore

Cougar Helicopters confirmed on Friday that it laid off six search and rescue technicians, but said the layoffs won't affect operations in Newfoundland and Labrador.

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Oil and gas industry pay three times national average

Oil and gas workers earn three times the national average, with salaries in the UK energy industry averaging £80,960. The business also enjoyed inflation-busting pay rises last year, with earnings rising by 6.5pc on 2012 levels, equal to three times the rate of inflation.

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Oil and gas exploration : Petroleum policy attracted $2.02bn investment in 3 years

ISLAMABAD: The government has promulgated investor-friendly petroleum policy, attracting investment of about $2.02 billion for oil and gas exploration in the country during the last three years. The policy envisages incentives which include better gas price, windfall levy reduced from 50 percent to 40 percent, base price for crude oil and condensate increased from $30 per barrel to $40 per barrel, says official sources.

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Oil and Gas Sustainability Spending to Reach $6.5bn in 2017

Sustainable business spending in the oil and gas industry will grow from $5.4 billion in 2012 to $6.5 billion in 2017 at a CAGR of 4 percent, Verdantix reports.

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