Exploration
UK Government to Cut Tax for Ultra High Pressure, High Temperature Fields
Amidst a number of recent announcements regarding the taxation of the North Sea oil & gas industry, the UK government has launched a consultation on a new ‘cluster area allowance’ for firms investing in ultra-high pressure, high temperature oil and gas fields, as reported by RigZone. The allowance would reduce tax from 62% to 30%. […]
The Next Arctic Oil and Gas Frontier: The Barents Sea
Lundin’s chief executive Ashley Heppenstall has said that “Norway has been an extremely succesful oil province and I think the next frontier is the Barents Sea”, as reported in the Financial Times. What more could be clearer than that – Norway is a key area for Arctic E&P operations. The Arctic region has been estimated […]
Gas
Report: Shale Gas Development in Argentina – A Change to the Traditional E&P Business Strategy
The report “Shale Gas Development in Argentina. A Change to the Traditional E&P Business Strategy” was written by Gustavo Fabian Acosta and Noelia Denisse Chimale from the Instituto Tecnológico of Buenos Aires. Download the report here. In this paper an analysis will be presented of the level of unconventional resources, specifically shale gas, in the […]
Where Are We Heading? National Grid Report Explores UK Energy Future Scenarios
As shown in the Future Energy Scenarios report by the National Grid, the power supply landscape is expected to change dramatically in the next 20 years. This report examines four possible scenarios for UK’s energy future, taking into account the political, economic, technological and social factors that will shape the UK’s energy landscape over the next […]
National Companies
EOC to Acquire Offshore Support Fleet from Ezra
Ezra and EOC to create one of Asia Pacific’s largest offshore players EOC Limited earlier today entered into an agreement with its largest shareholder Ezra Holdings Limited as they plan to consolidate the EMAS offshore support fleet. Ezra Holdings Ltd will sell its offshore marine supporting operations to Oslo-listed affiliate EOC Ltd for $520 million […]
Economic Sanctions to Russia Could Challenge Yamal LNG Project
Economic sanctions to Russia could compromise Russia’s Yamal liquefied natural gas project, a senior executive at France’s Total told the Financial Times. Yves-Louis Darricarrere, head of Exploration and Production at Total, said sanctions on Western technology exports could represent a serious challenge, as Russia is dependent on Western technology for LNG liquefaction. Following Russia’s […]
Independent
Greenpeace: “Stop Playing with Shell”
Greenpeace wants LEGO to break its relationship with Shell, which sees the toy company distributing 16m Ferrari-branded toy cars at Shell petrol stations. Activists believe LEGO should commit to the environment and do not cooperate with Shell, due to its drilling operations in the Arctic. Ian Duff, Greenpeace’s Arctic campaign team leader, said: “Climate change […]
What are the Prospects for the North Sea’s Midstream Sector?
Investment in infrastructure in the North Sea is beginning to attract interest from infrastructure specialists and pension funds, as reported by Reuters. This investment in the midstream sector will be seen by many as a positive development towards securing the North Sea’s future. This year’s Wood Review also stressed the importance of attracting midstream partners […]
Mexico
Download: Mexico’s Energy Reform – How to Participate in the Tendering Process
David Jiménez, Partner, Corporate Finance and Infrastructure at KPMG in Mexico spoke at the Mexico Oil and Gas Briefing. Download his white paper and find out: General overview of the energy reform The role of PEMEX The basic contractual models to conduct E&P activities in Mexico How to participate in the tendering process The key […]
Download: “Mexico O&G – Making Sense of the New Legislation: A Roadmap Forward”
Herbert Smith Freehills participated at the Mexico Oil and Gas Briefing in London. Download the presentation “Mexico Oil and Gas – Making Sense of the New Legislation: A Roadmap Forward” and find out: The most relevant aspects of the energy reform What the main effects of the reform are What it is going to happen […]
Downloads
Download: How Big Data Technologies Are Revolutionising the Oil & Gas Industry – Tom O’Reilly, Maersk Oil Qatar
Tom O’Reilly, Senior Manager –IT Infrastructure, Maersk Oil Qatar, shares his knowledge on the digital oilfield and the technologies that are revolutionising the oil and gas industry. Download a copy here With technology driving data growth at an exponential rate, the need to gather data into a format for analysis is one of the biggest infrastructure problems the […]
Download “Special Report: Russian Energy”
Petroleum Economist – To complement our annual surveys of the refining, petrochemicals and oil storage sectors, Petroleum Economist recently launched a series of in-depth special reports covering specific segments of the energy industry. The latest is our Russia survey, which examines: the economics and politics of the country’s vast energy sector its prospects for the years […]
Iran
Iran Offers Europe “Big Volumes” as Russia Threatens to Cut Supply
This weekend, Iran’s oil minister Bijan Namdar Zanganeh has announced the Islamic republic’s willingness to supply natural gas to Europe and help the continent diversify its energy supply away from Russian gas. Iran has the world’s second largest natural gas reserves, and this announcement is most welcome at a time when Europe’s energy security is […]
60 Seconds with Thorsten Ploss from EY on Iran’s Oil & Gas Industry
At the Iran Oil & Gas Briefing in London on the 25th of March Thorsten Ploss from EY Bahrain spoke about financing Iranian oil and gas as well as technology transfer and local content. During a break, we asked Mr Ploss for his thoughts on Iran’s oil and gas sector. What do EY see as […]
Videos
What Is the Future of Natural Gas?
Michale Stoppard from IHS Energy discusses the future of natural gas. Watch the video and find out: Where the growth prospects for natural gas are What the future production centers for natural gas are What role LNG will play in the future global gas market What the prospects for unconventional gas beyond North America are […]
Expert Views on the Future of Shale Gas
The future of shale: Lessons from abroad – What can the UK shale industry learn from other countries? We asked: Fivos Spathopoulos, Lecturer in Petroleum Geology, Imperial College Alex Fraser, CFO, Legs Resources Paul Stevens, Senior Research Fellow Energy, Chatham House David Messina, Executive Director, Hutton Energy Chris Shannon, CEO, Fotech Solutions Keep up to […]
Financing
UK Treasury Announces Review of North Sea Oil Tax Regime
In a move seen by many as a crucial step towards securing the North Sea’s future, the UK Treasury has announced a full review of the North Sea tax regime, as reported by the Financial Times. The review will consist of 12 weeks of discussion about the future of the tax regime with the industry […]
What Are the Key Elements to Attract Capital to the O&G Industry?
During a high-level panel discussion at the WPC, the audience was told that a strong geopolitical cooperation is necessary to ensure long-term energy sustainability. Moderated by Renato Bertani, President of the World Petroleum Council, the panel included Mr Alexander Novak, Minister of Energy of the Russian Federation, Besim Şişman, CEO of Turkish Petroleum Corporation and Hosnia […]
Human Resources
People Killed in an Explosion at GAIL India site
It has been reported that a gas pipeline of the state-run company GAIL India exploded in Andhra Pradesh killing 15 people and injuring 10 more. Investigations have been opened to understand what caused the blast. Prime Minister Narendra Modi has recently expressed his intention to accelerate the development of major energy projects in India. But, […]
Increasing Visibility of Risk in Operations with Big Data
How to improve health, safety, and environmental impact of oil and gas operations? That is the question Australian oil and gas operators are now trying to answer by investing in big data technologies. For large oil and gas operations such as LNG production, numerous control systems are required to control well-flows, liquefaction process, storage, loading, […]
Other Recent Posts
Ineos, the Swiss owner of the Falkirk-based petrochemical plant, won a £230m loan under the UK government Guarantee Scheme. This will allow it to raise funds and invest in a new terminal at Grangemouth, to import, store, and process ethane from American shale gas. Just two months before the Scottish independence referendum, the UK government […]
Chevron’s Global Technology Center in Perth, Australia collaborates with the Western Australian Energy Research Alliance to research, develop and deploy technology from the exploration to the production of liquid natural gas. Learn how the Center partners with CSIRO’s Petroleum Division, Curtin University and The University of Western Australia (UWA) to develop solutions that minimize risk […]
The UK government’s taxation regime for oil and gas activities has recently attracted significant debate. Last week, the US Energy Department published severe criticism of the UK government’s tax hikes on North Sea oil and gas revenues, as reported by The Telegraph. Washington’s report warned that these high taxes have contributed to the decline in exploration […]
