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Apprenticeship numbers hit 15-year low

Industry insiders are putting the decrease down to the struggling economy, the expiry of various government subsidies, and several years of change in training policy.

  • Apprenticeship numbers hit 15-year low at 108,315 in 2023
  • Industry decline attributed to struggling economy, subsidy expirations, policy changes
  • Water sector needs 6,000 new workers due to $48B investment plan

Chevron Bets $7 Billion on Venezuela Oil Expansion

Chevron will invest more than $7 billion in Venezuela over the next five years and more than double its oil production in the country to about 600,000 barrels per day, Reuters reported Wednesday.

  • Chevron plans $7 billion investment in Venezuela over five years.
  • Investment aims to double oil production to 600,000 barrels/day.
  • New acreage includes Carabobo-1 and Carabobo-2-South-A in Orinoco Belt.

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