D and D Standard Oil and Gas Abbreviator (6Th Edition)
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Erg S.P.A. Annual Report As at 31 December 2018 2 Annual Report 2018
ERG S.P.A. ANNUAL REPORT AS AT 31 DECEMBER 2018 2 ANNUAL REPORT 2018 CONTENTS 1 DIRECTOR’S REPORT Statement of Financial position ............................... 103 Introduction ................................................................... 5 Alternative performance indicators ........................ 109 Corporate bodies ......................................................... 8 Financial Statements of ERG S.p.A. ........................ 115 Business description .................................................. 9 Treasury shares ........................................................... 125 Organisational model ................................................. 14 Branch offices .............................................................. 125 Strategy .......................................................................... 16 Transactions with related parties ............................ 125 Change in business scope in 2018 .......................... 19 Significant events after the balance ERG’s stock market performance ........................... 24 sheet date ...................................................................... 127 Significant events during the year ........................... 26 Business outlook ......................................................... 128 Performance highlights ............................................. 29 Performance by sector .............................................. 30 REPORT ON CORPORATE GOVERNANCE Comments on the year’s performance .................. 31 AND OWNERSHIP ............................................... -
Algeria Upstream OG Report.Pub
ALGERIA UPSTREAM OIL & GAS REPORT Completed by: M. Smith, Sr. Commercial Officer, K. Achab, Sr. Commercial Specialist, and B. Olinger, Research Assistant Introduction Regulatory Environment Current Market Trends Technical Barriers to Trade and More Competitive Landscape Upcoming Events Best Prospects for U.S. Exporters Industry Resources Introduction Oil and gas have long been the backbone of the Algerian economy thanks to its vast oil and gas reserves, favorable geology, and new opportunities for both conventional and unconventional discovery/production. Unfortunately, the collapse in oil prices beginning in 2014 and the transition to spot market pricing for natural gas over the last three years revealed the weaknesses of this economic model. Because Algeria has not meaningfully diversified its economy since 2014, oil and gas production is even more essential than ever before to the government’s revenue base and political stability. Today’s conjoined global health and economic crises, coupled with persistent declining production levels, have therefore placed Algeria’s oil and gas industry, and the country, at a critical juncture where it requires ample foreign investment and effective technology transfer. One path to the future includes undertaking new oil and gas projects in partnership with international companies (large and small) to revitalize production. The other path, marked by inertia and institutional resistance to change, leads to oil and gas production levels in ten years that will be half of today's production levels. After two decades of autocracy, Algeria’s recent passage of a New Hydrocarbons Law seems to indicate that the country may choose the path of partnership by profoundly changing its tax and investment laws in the hydrocarbons sector to re-attract international oil companies. -
04.Petroleum Exploration and Production Research in the Middle East.Pdf
Journal of Petroleum Science and Engineering Volume 42, Pages 73 – 78, 2004 Petroleum exploration and production research in the Middle East M.R. Riazi, R.C. Merrill, G.A. Mansoori (Authors addresses at the end of this paper) 1. A brief history of petroleum exploration and UAE with a combined production of approximately production 18 million barrels per day. National Oil Companies play an important role in the mapping of strategy The major oil-producing countries in the Middle and the production of petroleum. East include Saudi Arabia, United Arab Emirates Saudi Arabia produced 8.6 million barrels per (UAE), Iran, Iraq, Kuwait, Oman, Qatar and Bahrain. day (mmstb/d) in 2002, down from a peak of 9.4 Geographical location of these countries in the Persian mmstb/d in 1998. Saudi Aramco, the national com- Gulf area is shown in Fig. 1. pany for Saudi Arabia, has its roots in an explora- Proved oil reserves in the Middle East total 685 tion concession in the eastern part of the country billion barrels which represents approximately 65% of whichwasformedin1933byasubsidiaryof proved oil reserves in the world (Oil and Gas Journal Standard Oil of California (now Chevron Texaco). Data Book, 2002; BP Statistical Review of Energy, Texaco acquired 50% of the company in 1936. Both 2003). Daily production in 2002 for the Middle East Socony and Standard Oil of New Jersey (both now stood at almost 21 million barrels, representing over Exxon Mobil) acquired a share in the company in 28% of global production. Saudi Arabia has the 1948. The Saudi Arabian government acquired a largest production capacity and produced 8.7 million 25% share of Aramco in 1973; by 1980, the bbl/day (mmstb/d) throughout 2002. -
Assignment and Bill of Sale
lNST N0.519-42 FILED FOR P.ECO .. D DiMMIT COUNTY1 TEX • c· D~~ 20, 2019 at 09:38:00 A Execution Version ASSIGNMENT, BILL OF SALE AND CONVEYANCE THE STATE OF TEXAS § V § KNOW ALL BY THESE PRESENTS: a COUNTY OF DII\1MIT § l This Assignment, Bill of Sale and Conveyance (this "Assignment") is made to be effective as Df 7:00 a.m., Central Time, on October 1, 2019 (the "Effective Time"), by and 0 between Equinor Texas Onshore Properties LLC, a Delaware limited liability company ("ETOP"), Equinor Pipelines LLC, a Delaware liinited liability company ("EPL"), Equinor Natural Gas LLC, a Delaware limited liability company ("ENG"), and Equinor Marketing & 4 Trading (US) Inc., a Delaware corporation ("EMT" and together with ETOP, EPL and ENG, 8 each, an "Assignor" and, collectively, the "Assignors"), and Repsol Oil & Gas USA, LLC, a Texas limited liability company ("Assignee"). Assignors and Assignee are sometimes referred to herein individually as a "Party" and collectively as the "Parties." Capitalized terms used but not defined herein shall have the respective meanings set forth in the Purchase and Sale Agreement (the "Purchase Agreement"), dated as of November 7, 2019, p by and between Assignors and Assignee. ARTICLE 1 ASSIGNMENT OF ASSETS 0 Section 1.1 Assignment of Assets. Subject to the terms and conditions hereof, 6 Assignors, for and in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration, in hand paid, the receipt and sufficiency of which are hereby acknowledged, hereby sell, transfer, assign, deliver -
A CITIZEN's GUIDE to NATIONAL OIL COMPANIES Part a Technical Report
A CITIZEN’S GUIDE TO NATIONAL OIL COMPANIES Part A Technical Report October 2008 Copyright © 2008 The International Bank for Reconstruction and Development/The World Bank 1818 H Street, NW Washington, DC 20433 and The Center for Energy Economics/Bureau of Economic Geology Jackson School of Geosciences, The University of Texas at Austin 1801 Allen Parkway Houston, TX 77019 All rights reserved. This paper is an informal document intended to provide input for the selection of a sample of representative national oil companies to be analyzed within the context of the Study on National Oil Companies and Value Creation launched in March 2008 by the Oil, Gas, and Mining Policy Division of The World Bank. The manuscript of this paper has not been prepared in accordance with the procedures appropriate to formally edited texts. Some sources cited in this paper may be informal documents that are not readily available. The findings, interpretations, and conclusions expressed herein are those of the author(s) and do not necessarily reflect the views of the International Bank for Reconstruction and Development/The World Bank and its affiliated organizations, or those of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. This report may not be resold, reprinted, or redistributed for compensation of any kind without prior written permission. For free downloads of this paper or to make inquiries, please contact: Oil, Gas, and Mining Policy Division Center for Energy Economics The World Bank Bureau of Economic Geology 2121 Pennsylvania Avenue, NW Jackson School of Geosciences Washington DC, 20433 The University of Texas at Austin Telephone: 202-473-6990 Telephone: +1 281-313-9753 Fax: 202-522 0395 Fax: +1 281-340-3482 Email: [email protected] E-mail: [email protected] Web: http://www.worldbank.org/noc. -
Annual Report 2018
Annual Report 2018 @UPetrolifera unionepetrolifera.it 2018 06.542.3651 Piazzale Luigi Sturzo, 31 00144 Roma - Fax 06 596.029.25 [email protected] REPOT ANNUAL D D A A A A I I 7 L 7 L 0 A 0 A A IT A IT N Lʼ N Lʼ N E N E I F ER I F ER AC OV AC OV CIAMO MU CIAMO MU Annual Report 2018 D A A I 7 L 0 A A IT N Lʼ N E I F ER AC OV CIAMO MU ANNUAL REPORT 2018 ORGANIZATIONAL STRUCTURE (May 30, 2018) President Guido OTTOLENGHI Claudio SPINACI Giorgio PROFUMO Dario SCAFFARDI Vice Presidents Gian Luigi TRIBOLDI Daniele BANDIERA Alessandro GILOTTI Board of Auditors Paolo GROSSI Antonio PALUMBIERI (President) Gianni MURANO Giuseppe CEMBROLA Fabrizio GRANDINETTI General Council Orazio DRISALDI (Substitute) Italo BELLOTTO Emanuele MURIANNI (Substitute) Ugo BRACHETTI PERETTI Giuseppe BUONERBA Arbitrators Claudio COVINI Carlo CITTADINI Nello D’ALESIO Getulio CURZI Oleg DUROV Alessandro GARRONE Pio MIRGONE Antonio LAZZARINETTI Massimo QUADRELLI Luca LUTEROTTI Carlo RANESI Maurizio MIGLIAROTTI Piero NERI General Manager Alessandro ORSINI Marina BARBANTI ° D 70 A 7 0 A N IA N L I TA FA ʼI C L CI RE AMO MUOVE ANNUAL REPORT 2018 MEMBER COMPANIES (May 30, 2018) ALMA PETROLI LA PETROLIFERA ITALO-RUMENA API - ANONIMA PETROLI ITALIANA LUKOIL ITALIA API RAFFINERIA DI ANCONA NERI DEPOSITI COSTIERI ATTILIO CARMAGNANI “AC” PETRA BP ITALIA PETRONAS LUBRICANTS ITALY CARBOIL PETROVEN COSTIERI D’ALESIO RAFFINERIA DI GELA DECAL RAFFINERIA DI MILAZZO DEPOSITI COSTIERI DEL TIRRENO RAFFINERIA DI ROMA DISMA SARAS ENI REFINING & MARKETING S.A.R.P.O.M. -
UKCS Technology Insights
UKCS Technology Insights April 2019 Unless identified elsewhere, all data is from the OGA UKSS 2017 and 2018 Cover photos: High frequency FWI image – courtesy of DownUnder Geosolutions using Capreolus 3D data from TGS Ocean bottom nodes – courtesy of Magseis Fairfield Riserless mud recovery – courtesy of Enhanced Drilling Carbon composite pipe – courtesy of Magma Global Contents Foreword 5 1. Seismic and exploration 22 Executive summary 6 2. Well drilling and completions 28 Operators’ technology plans 8 3. Subsea systems 34 Existing technologies for MER UK 12 4. Installations and topsides 40 Emerging technologies – MER UK priorities 14 5. Reservoir and well management 46 OGA’s technology stewardship 16 6. Facilities management 52 The Oil & Gas Technology Centre (OGTC) 18 7. Well plugging and abandonment 58 Technology plan feedback 21 8. Facilities decommissioning 64 Conclusions 70 Appendix - Technology spend 72 Image courtesy of Airbourne Oil & Gas Foreword I am pleased to see constant progress in the way our industry is OGTC, MER UK Taskforces and industry sponsors. A small maturing and deploying new technologies for the UK Continental technical team will be established to measure progress on all key Shelf (UKCS). This important effort is being supported by the objectives. Ultimately, these objectives will be followed up and coordinated work of the Oil and Gas Authority (OGA), the monitored through the OGA stewardship to further encourage Technology Leadership Board (TLB) and the Oil & Gas Technology uptake and share best practice. Centre (OGTC). There are huge prizes in reserves growth, production value and, This year’s Technology Insights summarises the rich content of most importantly, safe asset operation and life extension from the UKCS operators’ technology plans, submitted through the OGA use of current and new technologies. -
Lift IQ Production Life Cycle Management Service Lift IQ Transforming Artificial Lift Operations
Lift IQ Production life cycle management service Lift IQ Transforming artificial lift operations Monitoring and surveillance is proven to minimize downtime, maximize production, and reduce total operating cost. High-value offshore wells have Monitoring Optimization historically been monitored; however, large brownfields are now being connected to further optimize production and enable remote operations. Analytics The Lift IQ* production life cycle management Surveillance service is the premiere monitoring and surveillance platform for artificial lift systems. It provides real-time analytics and optimization with four convenient levels of coverage. From operations in a single ■ Reduce total cost of ownership well to an entire field, the Lift IQ service taps into ■ Mitigate risk of deferred production and workover costs the renowned engineering, manufacturing, and ■ Minimize downtime and achieve higher operational reliability surveillance expertise of Schlumberger with access ■ Increase production through optimization and enhancement techniques to service centers 24 hours a day and convenient locations across the globe. ■ Eliminate risk of early failure ■ Extend ESP run life Diagnostics Schlumberger is redefining artificial lift excellence with ■ Optimize power consumption the Lift IQ production life cycle management service. ■ Obtain valuable well and reservoir diagnostics 01 02 Convenient Service Levels Advantages Performance Indicators Deliverables Level 4—Field optimization ■ Increase production ■ Incremental production ■ Network analysis -
Obligationsliste Eng.Pdf
Corporate, financial and foreign government bonds, end-June 2021 Market value, million ISIN Issuer Security Description Country Sector EUR IE00BD6G9P01 BLK HY S COR-A USD FOUND Blackstone High Yield Systemat Multinational Funds 127.0 LU0772946512 NORDEA 1-EUROP FIN DEBT-XEUR Nordea 1 - European Financial Multinational Funds 69.5 XS1217882171 KOMMUNAL LANDSPENSJONSKA KOMLAN 4 1/4 06/10/45 Norway Financial 24.9 XS1117286580 DANICA PENSION DANPEN 4 3/8 09/29/45 Denmark Financial 24.1 DK0030386610 DANSKE BANK A/S DANBNK Float PERP Denmark Financial 16.0 DK0030352471 NYKREDIT REALKREDIT AS NYKRE 4 1/8 PERP Denmark Financial 15.2 CH0271428309 UBS GROUP AG UBS 5 3/4 PERP Switzerland Financial 14.7 XS1886605333 BENWB FINANCE SA BENWBF 2.092 11/19/30 Luxembourg Financial 14.4 BRSTNCLTN7S1 LETRA TESOURO NACIONAL BLTN 0 01/01/24 Brazil Sovereign 12.3 DK0030420492 VELLIV PENSION & LIV NLPNDK Float 06/08/28 Denmark Financial 12.3 XS1299724911 KUNTARAHOITUS OYJ KUNTA 4 1/2 PERP Finland Regional Agencies 11.7 BRSTNCNTF170 NOTA DO TESOURO NACIONAL BNTNF 10 01/01/25 Brazil Sovereign 11.6 BRSTNCNTF1P8 NOTA DO TESOURO NACIONAL BNTNF 10 01/01/27 Brazil Sovereign 11.3 ZAG000106998 REPUBLIC OF SOUTH AFRICA SAGB 8 01/31/30 South Africa Sovereign 10.4 DK0030487996 NYKREDIT REALKREDIT AS NYKRE 0 7/8 07/28/31 Denmark Financial 10.0 MX0MGO0000D8 MEX BONOS DESARR FIX RT MBONO 7 1/2 06/03/27 Mexico Sovereign 9.9 XS1591694481 TENNET HOLDING BV TENN 2.995 PERP Netherlands Utilities 9.8 XS1190987427 DANSKE BANK A/S DANBNK 5 7/8 PERP Denmark Financial 8.9 IDG000010802 -
Trends in U.S. Oil and Natural Gas Upstream Costs
Trends in U.S. Oil and Natural Gas Upstream Costs March 2016 Independent Statistics & Analysis U.S. Department of Energy www.eia.gov Washington, DC 20585 This report was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analyses, and forecasts are independent of approval by any other officer or employee of the United States Government. The views in this report therefore should not be construed as representing those of the Department of Energy or other federal agencies. U.S. Energy Information Administration | Trends in U.S. Oil and Natural Gas Upstream Costs i March 2016 Contents Summary .................................................................................................................................................. 1 Onshore costs .......................................................................................................................................... 2 Offshore costs .......................................................................................................................................... 5 Approach .................................................................................................................................................. 6 Appendix ‐ IHS Oil and Gas Upstream Cost Study (Commission by EIA) ................................................. 7 I. Introduction……………..………………….……………………….…………………..……………………….. IHS‐3 II. Summary of Results and Conclusions – Onshore Basins/Plays…..………………..…….… -
Bangladesh Investigation (IR)BG-6 BG-6
BG-6 UNITED STATES DEPARTMENT OF THE INTERIOR GEOLOGICAL SURVEY PROJECT REPORT Bangladesh Investigation (IR)BG-6 GEOLOGIC ASSESSMENT OF THE FOSSIL ENERGY POTENTIAL OF BANGLADESH By Mahlon Ball Edwin R. Landis Philip R. Woodside U.S. Geological Survey U.S. Geological Survey Open-File Report 83- ^ 0O Report prepared in cooperation with the Agency for International Developme U.S. Department of State. This report is preliminary and has not been reviewed for conformity with U.S. Geological Survey editorial standards. CONTENTS INTPDDUCTION...................................................... 1 REGIONAL GEOLOGY AND STRUCTURAL FRAMEWORK......................... 3 Bengal Basin................................................. 11 Bogra Slope.................................................. 12 Offshore..................................................... 16 ENERGY RESOURCE IDENTIFICATION............................."....... 16 Petroleum.................................................... 16 History of exploration.................................. 17 Reserves and production................................. 28 Natural gas........................................ 30 Recent developments................................ 34 Coal......................................................... 35 Exploration and Character................................ 37 Jamalganj area..................................... 38 Lamakata-^hangarghat area.......................... 40 Other areas........................................ 41 Resources and reserves.................................. -
Massive and Misunderstood Data-Driven Insights Into National Oil Companies
Massive and Misunderstood Data-Driven Insights into National Oil Companies Patrick R. P. Heller and David Mihalyi APRIL 2019 Contents EXECUTIVE SUMMARY ............................................................................................................................... 1 I. UNDER-ANALYZED BEHEMOTHS ......................................................................................................... 6 II. THE NATIONAL OIL COMPANY DATABASE .....................................................................................10 III. SIZE AND IMPACT OF NATIONAL OIL COMPANIES .....................................................................15 IV. BENCHMARKING NATIONAL OIL COMPANIES BY VALUE ADDITION .....................................29 V. TRANSPARENCY AND NATIONAL OIL COMPANY REPORTING .................................................54 VI. CONCLUSIONS AND STEPS FOR FURTHER RESEARCH ............................................................61 APPENDIX 1. NOCs IN NRGI’S NATIONAL OIL COMPANY DATABASE ..........................................62 APPENDIX 2. CHANGES IN NOC ECONOMIC DATA AS REVENUES CHANGED..........................66 Key messages • National oil companies (NOCs) produce the majority of the world’s oil and gas. They dominate the production landscape in some of the world’s most oil-rich countries, including Saudi Arabia, Mexico, Venezuela and Iran, and play a central role in the oil and gas sector in many emerging producers. In 2017, NOCs that published data on their assets reported combined assets of $3.1 trillion.