Indonesia Approves $3.6B Investments in 18 Oil, Gas Projects

The Indonesian government approved plans to invest $3.652 billion (INR 51 trillion) to develop of 18 oil and gas fields in the year to Sept. 2, the country’s upstream regulator SKK Migas announced Sunday.

These investments – proposed by local and foreign oil and gas companies since the beginning of this year – are expected to generate $10.552 billion (INR 148 trillion) in state revenue, SKK Migas Spokesman Elan Biantoro said.

Among the approved projects include Chevron Corp.’s unit Chevron Pacific Indonesia’s Sumur Gulamo North-01 well in Riau province’s Rokan Block at a cost of $1.2 million.

Pacific Oil and Gas Ltd. will proceed with its $53.5 million development of the Parit Minyak field in the Kisaran Block in North Sumatra, while PT Pertamina Hulu Energi – a subsidiary of Indonesia’s national oil company PT Pertamina – will carry out similar work at the Foxtrot field in the Offshore North West Java (ONWJ) Block for $425.5 million.

SKKMigas also granted approval for the revised plan of development for the Tiung Biru-Jambaran field in the Cepu Block, Central Java, where the investment is estimated at $2.06 billion.

“We hope for support from all parties so that the planned oil and gas field developments can work in accordance with the schedule,” Elan said, as reported by local daily Jakarta Globe.

The SKK Migas spokesman added that the upstream regulator has received Inpex Corp.’s revised plan of development for the Abadi field in the Masela Block, Arafura Sea, Indonesia last week. Inpex has indicated in the revised field development plan that it intends to build a floating facility for liquefied natural gas with processing capacity of up to 7.5 million tons per year.

“We will have intensive discussions so that the approval recommendations can be given as soon as possible to the energy minister,” Elan said.

Meanwhile, Southeast Asia’s largest country will rejoin the Organization of Petroleum Exporting Countries (OPEC) and become a full member of OPEC in December, Indonesia’s Minister for Energy and Mineral Resources Sudirman Said said Tuesday, as reported by the Jakarta Globe.

“We have received official confirmation from the Secretary General of OPEC that the all existing members welcome the reactivation of Indonesia as a full member,” Sudirman Said said ahead of OPEC’s next meeting scheduled for Dec. 4 in Vienna.

Indonesia, Asia’s only OPEC member state, suspended its participation in the oil cartel in 2009 after it became a next exporter as rising domestic consumption outstripped local production. The country aims to produce 825,000 barrels of oil per day (bopd) this year although it could miss this target as only 812,000 bopd are expected to be produced due to project delays, SKK Migas said recently.

EOG Resources CEO Expects Oil Prices To Rise In 2016

Sept 8 (Reuters) – EOG Resources Inc Chief Executive Bill Thomas expects oil prices to rise next year, telling a group of analysts on Tuesday that he is “excited about 2016.”

A jump in prices would only help EOG, one of the largest shale oil producers in the United States, as it looks to weather a more-than 50 percent drop in oil since last summer – a drop that has led to a rash of layoffs and budget cuts around the industry.

Indeed, EOG itself has slashed spending, curbing the number of drilling rigs it has used this year from 50 in January to 15.

“We think the market is rebalancing as we speak,” Thomas said at the Barclay’s Energy-Power Conference. “We think prices could be a little better next year than they are now.”

Thomas has repeatedly sought to assuage Wall Street’s worries about the health of the oil industry amidst low prices. Last month he bragged to analysts that he was “excited about the company’s continued improvement.”

The breakeven price for oil producers varies by geography, but EOG said it has lowered its own breakeven by becoming more efficient and using new technology.

In 2012, the company generated a 35 percent rate of return with oil prices at $95 per barrel. Today, it generated a 50 percent rate of return with oil prices at $55 per barrel, Thomas said.

The Houston-based company, which has seen its stock price drop about 16 percent so far this year – less than peers – is considering “tactical acquisitions” in the Delaware Basin of west Texas, Thomas said.

EOG shares rose 0.6 percent to $77.55 in early afternoon trading on Tuesday.

Work-Life Balance và Quản lý Nguồn nhân lực

Work-Life Balance và Quản lý Nguồn nhân lực

Work-Life Balance và Quản lý Nguồn nhân lực

Cá nhân phải đối mặt với nhu cầu về thời gian của họ từ công việc và cuộc sống yêu cầu. Nếu họ không thể cân bằng các yêu cầu, nó có thể có nghĩa là một cuộc sống hay thất nghiệp không lành mạnh. Cân bằng công việc-cuộc sống đã trở thành một chủ đề quan trọng của nghiên cứu và thảo luận vì tác động của nó đối với sức khỏe và kết quả kinh doanh công cộng.

Sức khỏe cộng đồng bị ảnh hưởng như nhu cầu công việc áp lực cao có thể dẫn đến các bệnh liên quan đến stress. Tình hình là trầm trọng hơn bởi vì công việc có thể ảnh hưởng đến cách người ta sống, và lựa chọn cuộc sống không lành mạnh là tất cả các quá phổ biến.

Kết quả kinh doanh bị ảnh hưởng bởi vì nhân viên nhấn mạnh là biểu diễn nghèo và lựa chọn cuộc sống không lành mạnh dẫn đến tỷ lệ lớn hơn của sự vắng mặt bệnh tật.

Với cả hai chính phủ và các doanh nghiệp quan tâm đến vấn đề này, cân bằng công việc-cuộc sống đã thực sự trở thành trung tâm của sự chú ý đáng kể.

Làm thế nào làm việc có thể ảnh hưởng đến cuộc sống

Một cuộc sống lành mạnh đòi hỏi sự chú ý đến các khu vực quan trọng như cuộc sống gia đình, con cái, bạn bè và sở thích. Một tình huống công việc áp lực cao và thời gian dành cho đi lại có thể ăn vào thời gian dành cho công nhân để tham dự vào các khu vực này. Kết quả là, những lĩnh vực quan trọng có xu hướng bị bỏ quên.

Bảo đảm công việc cũng đã phải chịu đựng với xu hướng thay đổi trong ngành công nghiệp. Công nghệ thông tin và áp lực cạnh tranh đã dẫn đến sự biến mất thực tế của hiện tượng trước đây của việc làm suốt đời với một người chủ.

Nhân viên nói chung đang tìm kiếm các cơ hội tốt hơn trong khi sử dụng lao động có thể tìm cách để giảm chi phí bằng cách thay thế nhân viên. Cả hai dẫn đến thay đổi công việc thường xuyên và thậm chí để lại địa điểm, thêm sự căng thẳng và áp lực phải đối mặt bởi các nhân viên.

Thêm vào những sự căng thẳng của thay đổi công nghệ liên tục và cần phải học hỏi những điều mới, và bạn sẽ có được một thế hệ tương lai-sốc.

Kết quả của mất cân bằng các tình huống làm việc-cuộc sống

Tăng lên trong bạo lực tại nơi làm việc, tăng nồng độ của vắng mặt và xu hướng tăng yêu cầu bồi thường của người thợ đã sử dụng lao động nhận thức sâu sắc về sự cần thiết để tham gia nhiều hơn để cân bằng công việc-cuộc sống của người lao động.

Trong cuộc sống cá nhân của người lao động, đủ thời gian cho cuộc sống gia đình và nuôi dạy con cái dẫn đến các vấn đề hôn nhân và một thế hệ trẻ em ngày càng nghiện các chất có hại và lối sống.

Áp lực tạo ra bởi tình hình công việc cũng đang ảnh hưởng đến đời sống và sức khỏe tình dục.

Đạt được cân bằng tốt hơn việc và cuộc sống

Những tham vọng cá nhân, một nền văn hóa chủ nghĩa tiêu thụ, nhấn mạnh vào “đạo đức làm việc” đến sự bỏ bê của cuộc sống cá nhân và thời gian ép gây ra bởi những đòi hỏi của công việc, đi lại và các vấn đề cá nhân đang góp phần vào sự cân bằng cuộc sống công việc khó chịu.

Biện pháp khắc phục hậu quả cần phải tập trung vào các lĩnh vực trọng điểm nhất định, bao gồm đặc biệt:

  • Tập huấn cá nhân để tập trung sự chú ý của nhân viên về những điều quan trọng cho một cuộc sống lành mạnh của các mối quan hệ hoàn thành
  • Sử dụng lao động nhận ra lợi ích của việc giúp nhân viên của họ tìm một sự cân bằng công việc-cuộc sống, thông qua các chương trình đào tạo, giờ làm việc linh hoạt, và các biện pháp khác

Các nghiên cứu đã chỉ ra rằng bằng cách cho phép một mức độ kiểm soát cho người lao động để lựa chọn khi, ở đâu và làm thế nào họ làm việc, sử dụng lao động có thể nhận ra lợi ích kinh doanh quan trọng.

Phần kết luận

Khi nhu cầu của công việc lại ít thời gian cho các khu vực quan trọng của cuộc sống như gia đình, con cái, bạn bè và sở thích, cân bằng công việc-cuộc sống bị đảo lộn. Kết quả có thể được cảm nhận sức khỏe người lao động, mức độ stress, hôn nhân, vấn đề trẻ em, hiệu suất làm việc thấp, vắng mặt và vv.

Đạt được cân bằng cuộc sống công việc tốt hơn đòi hỏi cả nhân viên đào tạo và sử dụng lao động thay đổi định hướng.

6 Things Terrible Bosses Do That Make Their Talented Employees Quit

6 Things Terrible Bosses Do That Make Their Talented Employees Quit

6 Things Terrible Bosses Do That Make Their Talented Employees Quit

According to a Gallup study, many working adults left their jobs because of a bad boss. In a study of 7,200 adults, goal setting and managing priorities were two of the most important factors for workers to be satisfied with their managers.

It can be bemusing when you listen to managers or bosses complain that their best employees are leaving. The thing is, we don’t leave our jobs – we leave our bosses. No employee wants to be in a stiff and tense environment where there is no room to achieve one’s career goals. It is important for bosses to recognize our needs and fulfill our desires. Here are some things bosses do that make us leave.

1. They don’t trust us

We live in a world where trust is a scarce commodity, but employing someone means that you have a certain amount of belief in the person’s abilities. There is no point in always looking over your shoulder. When a boss continually questions every action or decision we make, we will become frustrated. We need the opportunity to prove our worth.

2. They don’t reward us for our good work

We are not expecting an instant promotion for making the company better and achieving a part of the company’s objectives. Yet there is nothing wrong in offering us a pat on the back. There is no one who doesn’t like a thumb up for their hard work. When we work our butts off to meet deadlines and reach goals, we should be rewarded for a job well done. We won’t leave the company if we are being rewarded for our efforts.

3. They are dishonest

Every employee values truth and honesty. It is important for bosses to possess character. There really is no excuse for a manager to be dishonest and lie to their employees. When we catch the boss lying, it becomes difficult for us to believe in what the company stands for. We want our bosses to have integrity and solid character.

4. They are difficult

How much opportunity are we given to express our thoughts and offer our ideas? Bosses who let their employees leave could have this know-it-all persona that scares us and our wonderful ideas away. Just as much as bosses are full of great ideas, we also have great ideas of our own. Try and prompt us to be expressive rather than stifle us with authority.

5. They overwork us

According to a study, overworking employees more than 50 hours diminishes their productivity. No employee wants to be burnt out. Rather than try to break us down with more work, appreciate and value our effort by rewarding us with a better status for our hard work. Even when we are talented and resourceful at our job, we can’t keep producing good work if we’re burnt out. Increasing our workload means the boss should also be willing to offer us a better status, a better paycheck and a better work environment. If they want to turn us into a slave without offering us more rewards, walking out the door seems to be a better deal.

6. They hire and promote the wrong people

Nothing is as awful as a talented person working under a blockhead. You can’t get the best out of a poor structural chain. To get hard working employees to stay, bosses need to learn to have the right people in the right places. They should learn to hire other talented people, who boost the efficacy of already talented employees. When the wrong people are promoted instead of let go, bosses are only creating a platform for the right and talented employees to walk away.

Source:LifeHacker

20 Things Recruiters Do Not Want to See on Your Resume

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20 Things Recruiters Do Not Want to See on Your Resume

You never get a second chance to make a first impression.

– Unknown

Recruiters have to get through hundreds of resumes in a short time. Research suggests that the average hiring manager takes less than one minute to peruse a resume. Other studies show that they can do this initial check in six seconds. Larger companies use applicant tracking software to make the initial selection and they do that in a split second! So, what are they looking for and what should you avoid mentioning? You have to try and get inside the typical recruiter’s mindset, which will reflect what is in the job description. If you can do that, you can enormously improve your resume. Here are 20 things that will guarantee your resume ends up in the trash:

1. They do not want to see your life history.

Many applicants want to present a comprehensive resume and include all sorts of irrelevant information. For example, you might include summer jobs which are of no real interest to the recruiting manager.

The solution is to include information about experience and skills which are closely related to the job you are seeking. If the company is looking for someone with marketing skills, the manager will be looking for lots of relevant examples and successes in your marketing. If these are not prominent, then your resume is headed for the bin.

2. They do not want to see a messy and untidy resume.

This is a real turn off for recruiters because they cannot find the information they want quickly. The best approach is to be as clear and concise as possible. Mention your name, present position and then relevant experience by mentioning the posts you have held. Make sure you put in start and finishing dates and use bullet points to mention responsibilities and main achievements.

3. They do not want to see your photo or other pictures.

Generally, the photo on the resume is superfluous. Also, the hiring manager does not want to be influenced by gender issues. Why should she waste one second of those precious six viewing your stunning beauty?

As we live in such a visual age, your photo is going to pop up sooner or later, for example on your LinkedIn page. The best thing to do is to make sure that your page does actually have your photograph!

4. They do not want to see vague objective statements.

Writing about your rather vague objective of gaining more skills and experience is a real turn off for the hiring manager. A classic one which cuts no ice at all is, “Seeking a challenging position that offers professional growth.”

Focus instead on this job. Concentrate on listing your experience and skills which will help you to land the job. Read the job description again and again to make sure you have matched up the requirements with what you have to offer.

5. They do not want to see irrelevant personal details.

Let us suppose that your church and sporting activities are not applicable to the job you are seeking. If that is the case, they are superfluous and should not be on your resume. The same goes for marital status and other personal details. Most of these are, in fact, illegal for a hiring manager to ask during an interview. So why include them in the first place?

If, on the other hand, you were managing public relations for a charity in your spare time and are applying for a job with a similar profile, then by all means, mention this.

6. They do not want to see your skills that everyone else has.

When job applicants mention that they are completely at ease with the latest versions of Microsoft Office and Excel, hiring managers will yawn. Everyone working in modern offices have these skills.

If you are working on software development and applying as a software developer, then it might be relevant. If it is just part of your normal skills set for routine jobs, then do not mention this at all.

7. They do not want to see unexplained gaps in your resume.

Courses, lay offs or even getting fired can result in a gap in your resume. Maybe you went freelance for a while? Employers and managers are familiar with this and there is no problem with a gap.

When you are not prepared to explain the gaps or put a positive spin on them, then there may be an issue. If the courses or freelance jobs improved your skills in certain areas, then by all means include them and relate them to the skills required for this new position.

8. They do not want to see fancy fonts or creative formats.

Did you know that many tracking systems strip out all the fancy stuff and the actual viewing format a manager sees is in plain text? This means that, in many cases, your creative talents will go unnoticed and are a waste of time. If the manager is actually reading the hard copy or attachment, then creative formats may be a distraction and a hindrance. The solution is to keep it simple, clear and concise.

9. They do not want to see empty and poorly managed social profiles.

Yes, your social media profiles are looked at in the job hiring process. In one survey, more than one third of the recruiters are looking at these to filter candidates. Some estimates say that 92% of companies are using social media in their hiring process. If your LinkedIn or Google+ pages are not showing useful and stimulating content, nor connecting sufficiently with people in your industry, then forget it.

Always make sure that you are up to date with developments in your industry and that you are actively engaged. Show that you are a resource and help your connections solve problems.

10. They do not want to see resumes written in the first person.

Yes, they know it is YOU who is applying so there is no need to overuse the word ‘I’. Most applicants start with ’Responsible for’ which is another way of saying ‘I was responsible for’. The best approach is to make it much more action oriented and start the sentence with ‘Managed…’ ‘Co-ordinated…’, ‘Designed….’, Cut costs….’ Resolved issues……’ and ‘Led a team of 10…..’.

11. They do not want to see your duties listed.

All the day to day stuff you do to keep afloat is not necessary and nobody wants to know, least of all the hiring manager. They just assume you know how to do these! Instead, focus on results you have achieved, how you increased revenues, cut costs or how you played a key role in improving productivity.

12. They do not want vague statements of success.

When you state that you have achieved something, you need to quantify it. It is not enough to say that you completed X project within the deadline. You need to go into more detail.

A good example would be: “Played a key role in the opening of a new branch. Since inception, client numbers have tripled. There are at present 600 individual client files, with about 33% of these active at any one time.”

13. They do not want to see just a list of bullet points.

It may seem easier on the eye at first but when hiring managers are presented with only bullet points, it is actually difficult to read. The ideal resume will contain a mix of sentences interspersed with bullet points which are best for lists of figures or facts.

14. They do not want to see lies or exaggerated claims.

The hiring manager wants the whole truth and nothing but the truth. Some applicants think that a lie here or there is not going to matter one way or the other. They can also embellish their successes with exaggerated claims. Stick to the truth!

15. They do not want to see your work email address.

Hiring managers do not want to contact you at your present workplace, for obvious reasons. It is also safer and more confidential for you. Always leave a personal email address which has your real name, rather than your ‘cute’ email address.

16. They do not want to see a line about references.

Did you know that 99% of applicants write a line stating, “References are available on request”? This is a waste of a line because space is precious when you have to keep your resume to a maximum of two pages.

A much better idea is to leave that out and have a list of reference names ready, should you be asked for them at the interview. Make sure that you have already contacted them so that they are ready to give you a reference, if requested.

17. They do not want to see a one-size-fits-all resume.

You apply for lots of jobs and you always send the same resume. This is a grave error because each job is different requiring particular skill sets, experience and so on.

Remember that each recruiter is looking for a resume that matches their company profile and the skill set for a particular position. A one size fits all resume can never do that.

18. They do not want to see cover letters.

There is a fair amount of debate about this but the consensus is that a cover letter is actually clogging up vital space and time. No one reads it. Sometimes, though, a cover letter is required. It will depend on the company where you are applying. So pay attention to whether one is asked for.

The best solution is to concentrate on hard hitting statements in your resume which match the skills sets and experience and qualifications required.

19. They do not want to see your cool Word Header feature.

Many applicants want to make a good impression by using the Word header feature with their name. It looks prominent and cool. They are unaware that some scanning software cannot read this header, so your resume ends up as being from an anonymous applicant! Basically, stick to more conventional methods for displaying your name at the top.

20. They do not want to see positions dating back more than 15 years.

Did you know that ageist attitudes are still rife in the job market? By listing all the positions you have held since graduation means that you are going too far back. There is no need to put the date on things like your degree. The general rule of thumb is to cap a limit of 15 years so that it does not become a historical or autobiographical document.

As we have seen, a resume is rather like an advertisement in which you show off your main features to entice the hiring manager to actually find out more. If you avoid the 20 mitakes above, you could land that dream job. Good luck!

source: lifehacker.com

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20 Things Recruiters Do Not Want to See on Your Resume