A tax increase on UK oil and gas producers might be said to fit a pattern if the existence of a pattern didn't imply predictability. If the latest tax hike was, in theory, predictable, it surely wasn't predicted.
Barclays Capital in London expects oil prices to average $106/bbl for West Texas Intermediate and $112/bbl for North Sea Brent this year, up from a December forecast of $91/bbl each, and climb to $185/bbl and $184/bbl, respectively, in 2020.
The Dodd-Frank financial reform law was enacted late in 2010. Much of the oil and gas industry has been working ever since to make certain that its implementation doesn't do unintentional harm to oil and gas companies.
A provision of the Dodd-Frank financial reform law that imposes a requirement for publicly traded US oil and gas companies to disclose payments to foreign governments could actually give their overseas competitors a significant competitive advantage, an American Petroleum Institute official suggested.
Local Utah political leaders formally challenged US Interior Sec. Ken Salazar's decision to reestablish the so-called "wild lands" policy at the US Bureau of Land Management with a lawsuit filed on Mar. 22 in federal district court for Utah.
Petroleos Mexicanos officially tendered in early March 2011 for the redevelopment of mature and abandoned fields in three separate blocks onshore the southern state of Tabasco under a recently approved performance incentive service contract.
This article provides the highlights of an extensive 450-page study that sets out detailed investor favorability ratings and descriptions of 188 North American oil and gas fiscal systems in 35 jurisdictions (10 Canadian provinces and 25 US states).
Statoil recently published an update to its 2009 assay of Aasgard Blend (OGJ, Jan. 18, 2010, p. 50), a commingling production from Smorbukk, Smorbukk South, Midgard, Mikkel, Kristin, Yttergryta, and Tyrihans fields in the Norwegian Sea.
By first defining the term "extremely unlikely internal corrosion threat" as 20% wall loss within 50 years, researchers developed a probabilistic model that predicts whether an IC threat, under a nominal operating condition, is extremely unlikely.
It is beneficial in the early stages of a pipeline project, particularly one involving multiple water crossings, to have a multidisciplinary team conduct an initial field assessment instead of relying on multiple teams of subject-matter specialists.