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...and gas powerhouse Russia....
...They also require high greenhouse gas-emitting fuel oil to operate due to their outsized dimensions....
...The contract with Zallaf, a subsidiary of Libya’s National Oil Corporation, also includes a transport pipeline....
...The chairman of Indian Oil Corporation, the country’s biggest refiner, predicted demand would begin to rebound only by year-end as the coronavirus pandemic hits one of the world’s largest energy markets....
...In the end, the medium term outlook for oil & gas prices is deeply uncertain at the moment, and in combination with the ‘net zero’ ambition, provides a real challenge to Europe’s oil majors, including BP...
...Its most famous case was when shareholders of the former oil and gas giant Yukos won a $50bn settlement against Russia for expropriating their investments, an action that continues to rumble on....
...There will be no fast, perfect, V-shaped recovery for economies given the substantial areas that remain damaged....
...On Friday 5th June Premier announced revised terms for the acquisition of two producing North Sea oil & gas assets from BP....
...US oil and gas producers are among companies hit hardest by new restrictions on tax relief for interest payments, an analysis of the impact of the reforms has shown....
...In several landmark cases over the past decade, judges sided with the oil companies, including one key ruling that corporations cannot be held liable for their greenhouse gas emissions in federal court....
...& Gas and petrochem/refining etc; and FX risk in emerging markets....
...Neptune has established itself as one of the largest independent European oil and gas companies with financial backing from Carlyle Group, CVC Capital Partners and China Investment Corporation (CIC), Beijing...
...The Thatcher-Reagan era of deregulation and globalisation — the free movement of goods, capital, labour and services — unleashed the global corporation....
...“These national oil companies are at the very early stages of this process,” says Roland Rechtsteiner, head of global risk and trading at consultancy Oliver Wyman....
...The company’s pipelines and containers can accommodate crude oil, cooking gas and jet fuel. Imported oil destined for refineries in Ashdod and Haifa also pass through its facilities....
...Another drilling vessel, Noble Corporation’s Noble Discoverer, is in position nine miles away from the Polar Pioneer at the Burger V prospect, waiting for the other rig to finish, although it will also need...
...Oil explorer Afren slipped 14.1 per cent awaiting details of a debt-for-equity swap, which were released after Friday’s close of trade....
...But the oil price has continued to fall. So we need to act now for the long term. I am today cutting in half the Supplementary Charge on oil and gas from 20% to 10%....
...The marginal rate on older fields will thus fall from 80 per cent to 67.5 per cent, according to Oil & Gas UK, a trade body....
...That is Act V, and we are not there yet. For now we are still very definitely in the age of hydrocarbons....
...I’ve already announced a reduction in our corporation tax rate to 18%....
...Sinopec’s oil production accounts for > 50% of its EBIT and is declining at an underlying rate of between 10-20%. Major gas projects (e.g....
...Related reading: Xi’s gas diplomacy: good for China, less good for Gazprom, beyondbrics Russian gas: Gazprom v upstarts, beyondbrics Gazprom: feeling the squeeze, beyondbrics...
...Producer prices rose 1 per cent from July to August this year because of higher prices in oil and natural gas extraction and mining support service activities....
...The UK government is facing pressure from human rights activists about why it has chosen to intervene in a US court case connected to oil major Royal Dutch Shell....
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