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The Project Financing of Cross-Border Pipelines a Presentation to the Energy Charter Workshop Brussels
The Project Financing of Cross-Border Pipelines a presentation to the Energy Charter Workshop Brussels by Rubin Weston Chadbourne & Parke 17 October 2006 Regis House, 45 King William Street London EC4R 9AN Tel: +44 (0) 20 7337 8031 [email protected] © 2006, CHADBOURNE & PARKE All Rights Reserved Chadbourne & Parke: Legal Leaders in Energy Representing EBRD on the $180 million and $170 million financings of LUKoil’s and SOCAR’s respective investments in the Shah Deniz gas field and the South Caucasus Gas Pipeline Representing SOCAR on a $750 million loan facility in respect of the repayment of carry financing provided by TPAO and Exxon in respect of the ACG oil field and the financing of future cash calls Representing IFC on a $82 million loan to SC Petrotel-Lukoil SA to finance the modernisation of its refinery in Ploesti, Romania Represented Black Sea Trade and Development Bank and IFC on the financing of the Galata Gas Field, located offshore of Varna, Bulgaria in the Black Sea, the first limited recourse upstream project financing in the Black Sea Represented Transneft on a US $150 million syndicated receivable based financing facility arranged by Raiffeisen, Transneft’s first syndicated loan Represented IFC on the financing for a portion of LUKoil’s share of development of the Karachaganak field, the largest limited recourse petroleum project financing in Kazakhstan Represented Nations Energy on a US $150 million syndicated financing arranged by CSFB for the development of the Karazhanbas oil field in Kazakhstan and the -
Advice to Inform Post-War Listing in Wales
ADVICE TO INFORM POST-WAR LISTING IN WALES Report for Cadw by Edward Holland and Julian Holder March 2019 CONTACT: Edward Holland Holland Heritage 12 Maes y Llarwydd Abergavenny NP7 5LQ 07786 954027 www.hollandheritage.co.uk front cover images: Cae Bricks (now known as Maes Hyfryd), Beaumaris Bangor University, Zoology Building 1 CONTENTS Section Page Part 1 3 Introduction 1.0 Background to the Study 2.0 Authorship 3.0 Research Methodology, Scope & Structure of the report 4.0 Statutory Listing Part 2 11 Background to Post-War Architecture in Wales 5.0 Economic, social and political context 6.0 Pre-war legacy and its influence on post-war architecture Part 3 16 Principal Building Types & architectural ideas 7.0 Public Housing 8.0 Private Housing 9.0 Schools 10.0 Colleges of Art, Technology and Further Education 11.0 Universities 12.0 Libraries 13.0 Major Public Buildings Part 4 61 Overview of Post-war Architects in Wales Part 5 69 Summary Appendices 82 Appendix A - Bibliography Appendix B - Compiled table of Post-war buildings in Wales sourced from the Buildings of Wales volumes – the ‘Pevsners’ Appendix C - National Eisteddfod Gold Medal for Architecture Appendix D - Civic Trust Awards in Wales post-war Appendix E - RIBA Architecture Awards in Wales 1945-85 2 PART 1 - Introduction 1.0 Background to the Study 1.1 Holland Heritage was commissioned by Cadw in December 2017 to carry out research on post-war buildings in Wales. 1.2 The aim is to provide a research base that deepens the understanding of the buildings of Wales across the whole post-war period 1945 to 1985. -
Making Energy More – Sustainability Report 2005
beyond petroleum® ABOUT THIS REPORT For BP, ‘sustainability’ means the capacity to 1 Group chief executive’s introduction endure as a group: by renewing assets; creating and delivering 3 Achievements and challenges better products and services that meet the evolving needs 4 Industry in context of society; attracting successive generations of employees; 6 BP at a glance contributing to a sustainable environment; and retaining the trust 8 Energy for tomorrow and support of our customers, shareholders and the communities in which we operate. 10 CHAPTER 1 – RESPOnSIBlE OPERATIOnS Each year we aim to improve our sustainability reporting 12 The way we work to reflect the concerns of our readers more closely and the 16 Dialogue and engagement Making energy more BP Sustainability Report 2005 priorities of the business more clearly. This year, we are giving 18 Safety and operational integrity more emphasis to the business case for activities that benefit 22 Environmental management society and promote environmental sustainability. For the second 30 Our people year, we have used in-depth analysis to define the non-financial issues material to our reporting. We have further developed this 36 BP worldwide ‘materiality’ process by categorizing issues according to the level of public exposure and awareness they have received, and by Making energy more taking into account the source of the interest – for example, the 38 CHAPTER 2 – BP And ClImATE CHAngE Sustainability Report 2005 media, regulatory organizations or engagements with NGOs or 40 Climate change socially responsible investors. 42 BP Alternative Energy This year’s report is entitled ‘Making energy more’ because it 45 Sustainable transportation focuses on improvement – whether to the quality of our products, the way we manage environmental issues or the influence we have on the communities around us. -
Long-Term Prospects for Northwest European Refining
LONG-TERM PROSPECTS FOR NORTHWEST EUROPEAN REFINING ASYMMETRIC CHANGE: A LOOMING GOVERNMENT DILEMMA? ROBBERT VAN DEN BERGH MICHIEL NIVARD MAURITS KREIJKES CIEP PAPER 2016 | 01 CIEP is affiliated to the Netherlands Institute of International Relations ‘Clingendael’. CIEP acts as an independent forum for governments, non-governmental organizations, the private sector, media, politicians and all others interested in changes and developments in the energy sector. CIEP organizes lectures, seminars, conferences and roundtable discussions. In addition, CIEP members of staff lecture in a variety of courses and training programmes. CIEP’s research, training and activities focus on two themes: • European energy market developments and policy-making; • Geopolitics of energy policy-making and energy markets CIEP is endorsed by the Dutch Ministry of Economic Affairs, the Dutch Ministry of Foreign Affairs, the Dutch Ministry of Infrastructure and the Environment, BP Europe SE- BP Nederland, Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. ('Rabobank'), Delta N.V., ENGIE Energie Nederland N.V., ENGIE E&P Nederland B.V., Eneco Holding N.V., EBN B.V., Essent N.V., Esso Nederland B.V., GasTerra B.V., N.V. Nederlandse Gasunie, Heerema Marine Contractors Nederland B.V., ING Commercial Banking, Nederlandse Aardolie Maatschappij B.V., N.V. NUON Energy, TenneT TSO B.V., Oranje-Nassau Energie B.V., Havenbedrijf Rotterdam N.V., Shell Nederland B.V., TAQA Energy B.V.,Total E&P Nederland B.V., Koninklijke Vopak N.V. and Wintershall Nederland B.V. CIEP Energy -
Xerox University Microfilms
INFORMATION TO USERS This material was produced from a microfilm copy of the original document. While the most advanced technological means to photograph and reproduce this document have been used, the quality is heavily dependent upon the quality of the original submitted. The following explanation of techniques is provided to help you understand markings or patterns which may appear on this reproduction. 1. The sign or "target" for pages apparently lacking from the document photographed is "Missing Page(s)". If it was possible to obtain the missing page(s) or section, they are spliced into the film along with adjacent pages. This may have necessitated cutting thru an image and duplicating adjacent pages to insure you complete continuity. 2. When an image on the film is obliterated with a large round black mark, it is an indication that the photographer suspected that the copy may have moved during exposure and thus cause a blurred image. You will find a good image of the page in the adjacent frame. 3. When a map, drawing or chart, etc., was part of the material being photographed the photographer followed a definite method in "sectioning" the material. It is customary to begin photoing at the upper left hand corner of a large sheet and to continue photoing from left to right in equal sections with a small overlap. If necessary, sectioning is continued again — beginning below the first row and continuing on until complete. 4. The majority of users indicate that the textual content is of greatest value, however, a somewhat higher quality reproduction could be made from "photographs" if essential to the understanding of the dissertation. -
The Struggle for Democratic Environmental Governance Around
The struggle for democratic environmental governance around energy projects in post-communist countries: the role of civil society groups and multilateral development banks by Alda Kokallaj A thesis submitted to the Faculty of Graduate and Postdoctoral Affairs in partial fulfillment of the requirements for the degree of Doctor of Philosophy in Political Science Carleton University Ottawa, Ontario © 2014 Alda Kokallaj Abstract This dissertation focuses on the struggle for democratic environmental governance around energy projects in post-communist countries. What do conflicts over environmental implications of these projects and inclusiveness reveal about the prospects for democratic environmental governance in this region? This work is centred on two case studies, the Baku-Tbilisi-Ceyhan oil pipeline and the Vlora Industrial and Energy Park. These are large energy projects supported by the governments of Azerbaijan, Georgia and Albania, and by powerful international players such as oil businesses, multilateral development banks (MDBs), the European Union and the United States. Analysis of these cases is based on interviews with representatives of these actors and civil society groups, narratives by investigative journalists, as well as the relevant academic literature. I argue that the environmental governance of energy projects in the post-communist context is conditioned by the interplay of actors with divergent visions about what constitutes progressive development. Those actors initiating energy projects are shown to generally have the upper hand in defining environmental governance outcomes which align with their material interests. However, the cases also reveal that the interaction between civil society and MDBs creates opportunities for society at large, and for non-government organizations who seek to represent them, to have a greater say in governance outcomes – even to the point of stopping some elements of proposed projects. -
Azerbaijan 2021 Energy Policy Review Co-Funded by the European Union
Co-funded by the European Union Azerbaijan 2021 Energy Policy Review Co-funded by the European Union Azerbaijan 2021 Energy Policy Review INTERNATIONAL ENERGY AGENCY The IEA examines IEA member IEA association the full spectrum countries: countries: of energy issues including oil, gas Australia Brazil and coal supply and Austria China demand, renewable Belgium India energy technologies, Canada Indonesia electricity markets, Czech Republic Morocco energy efficiency, Denmark Singapore access to energy, Estonia South Africa demand side Finland Thailand management and France much more. Through Germany its work, the IEA Greece advocates policies Hungary that will enhance Ireland the reliability, Italy affordability and Japan sustainability of Korea energy in its 30 Luxembourg member countries, Mexico 8 association Netherlands countries and New Zealand beyond. Norway Poland Portugal Slovak Republic Spain Sweden Switzerland Turkey United Kingdom United States The European Commission also participates in the work of the IEA Please note that this publication is subject to specific restrictions that limit its use and distribution. The terms and conditions are available online at www.iea.org/t&c/ Source: IEA. All rights reserved. International Energy Agency Website: www.iea.org Foreword The International Energy Agency (IEA) has been conducting in-depth peer reviews of the energy policies of its member countries – and of other countries – since 1976, and it recently modernised these reviews to focus on some of the countries’ key energy transition and security challenges. FOREWORD Azerbaijan is one of the focus countries of the EU4Energy programme, which is carried out by the IEA and the European Union along with the Energy Community Secretariat and the Energy Charter Secretariat. -
Caspian Oil and Gas Complements Other IEA Studies of Major Supply Regions, Such As Middle East Oil and Gas and North African Oil and Gas
3 FOREWORD The Caspian region contains some of the largest undeveloped oil and gas reserves in the world. The intense interest shown by the major international oil and gas companies testifies to its potential. Although the area is unlikely to become “another Middle East”, it could become a major oil supplier at the margin, much as the North Sea is today. As such it could help increase world energy security by diversifying global sources of supply. Development of the region’s resources still faces considerable obstacles. These include lack of export pipelines and the fact that most new pipeline proposals face routing difficulties due to security of supply considerations,transit complications and market uncertainties. There are also questions regarding ownership of resources, as well as incomplete and often contradictory investment regimes. This study is an independent review of the major issues facing oil and gas sector developments in the countries along the southern rim of the former Soviet Union that are endowed with significant petroleum resources: Azerbaijan, Kazakstan,Turkmenistan and Uzbekistan. Caspian Oil and Gas complements other IEA studies of major supply regions, such as Middle East Oil and Gas and North African Oil and Gas. It also expands on other IEA studies of the area, including Energy Policies of the Russian Federation and Energy Policies of Ukraine. The study was undertaken with the co-operation of the Energy Charter Secretariat, for which I would like to thank its Secretary General, Mr. Peter Schütterle. Robert Priddle Executive Director 5 ACKNOWLEDGEMENTS The IEA wishes to acknowledge the very helpful co-operation of the Energy Charter Secretariat, with special thanks to Marat Malataev, Temuri Japaridze, Khamidulah Shamsiev and Galina Romanova. -
Annual Report and Accounts 2014
Qe = % Y J p A 3 4. BP International Limited . ANNUAL REPORT AND ACCOUNTS 2014 MM| FRIDAY 4GONC LD9 25/09/2015 $332 | COMPANIES HOUSE Board ofDireciors: RC Haminston B Gilvary DJ Becknall JH Bartlett. AH Haywood The directors present the Strategic report, their report and the financial statements for theyear ended 31 December 2014. * STRATEGIC REPORT Results The loss for the year after taxation was $2.045 million which, when deducted from the retamed profit brought forward at 1 January 2014 of $6,559 million together with exchange adjustments taken directly to reserves of $3 million gives a total retained profit carried forward at 31 December 2014 of $4,511 million. _ Principal activities and review of the business The company, which is based inthe UK, is engaged intemationally in oil, petrochemicals andrelated financial activities. It also provides services to other group undertakings and holds investments in subsidiary and associated undertakings engagedin similar activities. Refining and Marketing activities include theresults of certam international business sectors with head offices in the United Kingdom. These businesses showed an operating loss for the year of $997 million (2013: loss of $52 million). The operating profit from corporate and other activities of $8,509 million (2013: $16,797 million) . includes dividends from subsidiary and associated undertakingsof $7,816 million (2013: $41.690 million). During the year, $9,739 million (2013: $24,754 million) was provided against the cost of investments. BPINTERNATIONAL STRATEGIC -
BP Sustainability Report 2006 to Provide Assurance on the Information Reported
Sustainability Report 2006 About this report In BP we define ‘sustainability’ as the capacity 1 Group chief executive’s introduction to endure as a group: by renewing assets; creating and delivering 3 Achievements and challenges better products and services that meet the evolving needs 4 Industry in context of society; attracting successive generations of employees; 6 The way we work contributing to a sustainable environment; and retaining the trust and support of our customers, shareholders and the communities 8 Chapter 1: Responsible operations in which we operate. 9 Safety Each year we aim to improve our sustainability reporting to 10 The Texas City incident and initial responses reflect the concerns of our readers more closely and the priorities 12 Improving process safety management of the business more clearly. 16 Operational integrity This year, BP’s performance on key sustainability issues related to 18 Environmental management our operations has been under intense scrutiny from governments, 22 Decommissioning and remediation investors, civil society and the media. Our intention in producing 23 Security 24 Engaging with communities this report has been to provide a clear and concise account of these 26 Our people issues and how we are responding to them. To achieve this, we 30 Compliance and ethics have produced a shorter, more focused printed report, with heavier weighting to the chapter on responsible operations. The printed report covers the issues that we have identified as most important for our audiences, while our online reporting covers 32 Chapter 2: BP and climate change a wider set of issues and reports on them in more depth. -
BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components
Financial 114 Consolidated financial statements of the BP group Independent auditor’s reports 114 Group statement of statements Group income statement 129 changes in equity 131 Group statement of Group balance sheet 132 comprehensive income 130 Group cash flow statement 133 134 Notes on financial statements 1. Significant accounting 22. Trade and other payables 172 policies 134 23. Provisions 172 2. Significant event – Gulf of 24. Pensions and other post- Mexico oil spill 151 retirement benefits 172 3. Business combinations and 25. Cash and cash equivalents 179 other significant transactions 153 26. Finance debt 179 4. Disposals and impairment 154 27. Capital disclosures and 5. Segmental analysis 156 analysis of changes in 6. Revenue from contracts net debt 180 with customers 159 28. Operating leases 180 7. Income statement analysis 159 29. Financial instruments and 8. Exploration expenditure 160 financial risk factors 181 9. Taxation 160 30. Derivative financial 10. Dividends 163 instruments 185 11. Earnings per share 163 31. Called-up share capital 192 12. Property, plant and 32. Capital and reserves 194 equipment 165 33. Contingent liabilities 197 13. Capital commitments 165 34. Remuneration of senior 14. Goodwill 166 management and non- 15. Intangible assets 167 executive directors 198 16. Investments in joint ventures 168 35. Employee costs and 17. Investments in associates 168 numbers 199 18. Other investments 170 36. Auditor’s remuneration 199 Financial statements 19. Inventories 170 37. Subsidiaries, joint 20. Trade and other arrangements -
The Role of Greece in Europe's Southern Gas Corridor Strategy
Policy Paper / Κείμεμο Πολιτικής No 17 / February 2012 A Strategic Challenge: The role of Greece in Europe’s Southern Gas Corridor Strategy Dr. Thanos Dokos / Director General, ELIAMEP Dr. Theodoros Tsakiris / ELIAMEP Coordinator Geopolitics of Energy Programme 1 PP No 17 | February 2012 A Strategic Challenge: The role of Greece in Europe’s Southern Gas Corridor Strategy Thanos Dokos, Theodoros Tsakiris Copyright © 2012 Hellenic Foundation for European & Foreign Policy (ELIAMEP) 49, Vas. Sofias Ave, 106 76 Athens, Greece Tel.: +30 210 7257 110 | Fax: +30 210 7257 114 | www.eliamep.gr | [email protected] All Rights Reserved A Strategic Challenge: The role of Greece in Europe’s Southern Gas Corridor Strategy by Dr. Thanos Dokos / Director General, ELIAMEP Dr. Theodoros Tsakiris / Coordinator ELIAMEP Geopolitics of Energy Programme with the contribution of Dr. Ioannis Armakolas, “STAVROS COSTOPOULOS” Research Fellow ELIAMEP offers a forum for debate on international and European issues. Its non-partisan character supports the right to free and well documented discourse. ELIAMEP publications aim to contribute to scholarly knowledge and to provide policy relevant analyses. As such, they solely represent the views of the author(s) and not necessarily those of the Foundation. 2 Table of Contents Executive Summary .......................................................................................................................................5 Main conclusions ...........................................................................................................................................5