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Global and Regional Markets

Short-term approach to personnel development is a growing concern, DNV GL survey finds

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A report published by DNV GL reveals that skills shortages are seen as a barrier to growth and an increasing concern throughout the US. More than half of respondents believe organizations are taking a short-term approach to skills and career development. “A New Reality: The Outlook for the Oil and Gas Industry in 2016” is based on a global survey of 921 senior professionals in the sector. It shows that an increased portion of US respondents see cost management as the top priority in 2016 – 38% compared with 25% in 2015.

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Analysis finds infrastructure is required to realize potential, drive exploration in East Africa

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With recoverable oil reserve estimates of approximately 750 and 600 million bbl in Uganda and Kenya respectively, and with government share of the reserves expected to be about 30–50%, the potential impact on economic development in these countries could be great. However, new infrastructure, including an export pipeline, is required to enable commercialization of these discoveries, says an analyst with research and consulting firm GlobalData.

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