Exxonmobil Argentina Overview
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Climate and Energy Benchmark in Oil and Gas Insights Report
Climate and Energy Benchmark in Oil and Gas Insights Report Partners XxxxContents Introduction 3 Five key findings 5 Key finding 1: Staying within 1.5°C means companies must 6 keep oil and gas in the ground Key finding 2: Smoke and mirrors: companies are deflecting 8 attention from their inaction and ineffective climate strategies Key finding 3: Greatest contributors to climate change show 11 limited recognition of emissions responsibility through targets and planning Key finding 4: Empty promises: companies’ capital 12 expenditure in low-carbon technologies not nearly enough Key finding 5:National oil companies: big emissions, 16 little transparency, virtually no accountability Ranking 19 Module Summaries 25 Module 1: Targets 25 Module 2: Material Investment 28 Module 3: Intangible Investment 31 Module 4: Sold Products 32 Module 5: Management 34 Module 6: Supplier Engagement 37 Module 7: Client Engagement 39 Module 8: Policy Engagement 41 Module 9: Business Model 43 CLIMATE AND ENERGY BENCHMARK IN OIL AND GAS - INSIGHTS REPORT 2 Introduction Our world needs a major decarbonisation and energy transformation to WBA’s Climate and Energy Benchmark measures and ranks the world’s prevent the climate crisis we’re facing and meet the Paris Agreement goal 100 most influential oil and gas companies on their low-carbon transition. of limiting global warming to 1.5°C. Without urgent climate action, we will The Oil and Gas Benchmark is the first comprehensive assessment experience more extreme weather events, rising sea levels and immense of companies in the oil and gas sector using the International Energy negative impacts on ecosystems. -
National Oil Companies: Business Models, Challenges, and Emerging Trends
Corporate Ownership & Control / Volume 11, Issue 1, 2013, Continued - 8 NATIONAL OIL COMPANIES: BUSINESS MODELS, CHALLENGES, AND EMERGING TRENDS Saud M. Al-Fattah* Abstract This paper provides an assessment and a review of the national oil companies' (NOCs) business models, challenges and opportunities, their strategies and emerging trends. The role of the national oil company (NOC) continues to evolve as the global energy landscape changes to reflect variations in demand, discovery of new ultra-deep water oil deposits, and national and geopolitical developments. NOCs, traditionally viewed as the custodians of their country's natural resources, have generally owned and managed the complete national oil and gas supply chain from upstream to downstream activities. In recent years, NOCs have emerged not only as joint venture partners globally with the major oil companies, but increasingly as competitors to the International Oil Companies (IOCs). Many NOCs are now more active in mergers and acquisitions (M&A), thereby increasing the number of NOCs seeking international upstream and downstream acquisition and asset targets. Keywords: National Oil Companies, Petroleum, Business and Operating Models * Saudi Aramco, and King Abdullah Petroleum Studies and Research Center (KAPSARC) E-mail: [email protected] Introduction historically have mainly operated in their home countries, although the evolving trend is that they are National oil companies (NOCs) are defined as those going international. Examples of NOCs include Saudi oil companies that have significant shares owned by Aramco (the largest integrated oil and gas company in their parent government, and whose missions are to the world), Kuwait Petroleum Corporation (KPC), work toward the interest of their country. -
New Minimum Capital for Commercial Companies
CHEVRON AND YPF ANNOUNCED THEIR INTENTIONS TO DISCUSS A STRATEGIC ALLIANCE FOR THE EXPLORATION OF SHALE RESOURCES IN ARGENTINA Argentina's state-controlled oil company is holding important meetings with California-based Chevron Corp. to share strategies for developing the world's third-largest unconventional oil and gas reserves. YPF CEO Miguel Galuccio is calling his talks with Chevron's Latin America chief Ali Moshiri the first step toward a strategic alliance with Chevron, Latin America's leading private energy investor. He says YPF needs partners with Chevron's power and experience to develop Argentina's shale reserves, which trail only the U.S. and China in potential. The encounter between the two executives did not lead to any specific investment news, but sets the stage for Galuccio's formal presentation next Thursday August 30 of a five-year plan for the company Argentina expropriated from Spain's Grupo Repsol. YPF said Mr Moshiri had expressed interest “in associating with YPF on an unconventional cluster … in Vaca Muerta” and the talks with Chevron were “the first concrete step towards an alliance that will be strategic along the path that YPF’s president and CEO is leading”. Chevron said it would not comment “on any confidential discussions we hold with officials”. Mr Galuccio in June unveiled a taster of his five-year strategic plan that called for investment of $7bn a year to reverse falling production. Partnerships will be key to funding what he called the “ambitious but realistic” plan, which includes drilling 1,000 wells. Argentina is believed to be home to the world’s third-biggest reserves of unconventional oil and gas, largely in the Vaca Muerta formation in the western province of Neuquén. -
2017 Corporate Responsibility Report
2017 corporate responsibility report 2017 corporate responsibility report chevron in Nigeria human energy R chevron in Nigeria 1 2017 corporate responsibility report 2 chevron in Nigeria 2017 corporate responsibility report “We are the partner of choice not only for the goals we achieve but how we achieve them” At the heart of The Chevron Way is our vision … to be the global energy company most admired for its people, partnership and performance. We make this vision a reality by consistently putting our values into practice. The Chevron Way values distinguish us and guide our actions so that we get results the right way. Our values are diversity and inclusion, high performance, integrity and trust, partnership, protecting people and the environment. Cover photo credit: Marc Marriott Produced by: Policy, Government and Public Affairs (PGPA) Department, Chevron Nigeria Limited Design and Layout : Design and Reprographics Unit, Chevron Nigeria Limited chevron in Nigeria 3 2017 corporate responsibility report the chevron way explains who we are, what we do, what we believe and what we plan to accomplish 4 chevron in Nigeria 20172017 ccorporateorpporatee resresponsibilityponssibility reportreport table of contents message from the CMD 6 about chevron in nigeria 7 social investments 8 health 9 education 12 economic development 16 partnership initiatives in the niger delta 20 engaging stakeholders 26 our people 29 operating responsibly 35 nigerian content 41 awards 48 chevron in Nigeria 5 2017 corporate responsibility report of rapid change in the oil and gas industry, our focus remains on delivering that vision in an ethical and sustainable way. Our corporate responsibility focus areas are aligned with our business strategy of delivering industry-leading returns while developing high-value resource opportunities. -
1. Argentina and Repsol Ypf
1. ARGENTINA AND REPSOL YPF 3 ARGENTINA HighlightsHighlights Form of Government: Republican, representative and federal Area: 2.8 MM km2 (continental) Population: 37 million G.N.P. (2002): us$ 101,300 million G.N.P. per head (2002): us$ 2,750 Exports (2002): us$ 25,709 million Imports (2002): us$ 8,470 million 4 Source: Ministry of Economy ARGENTINA AND REPSOL YPF S.A. MercosurMercosur:: KeyKey factorfactor forfor RegionalRegional IntegrationIntegration Formed by Argentina, Brazil, Paraguay, Uruguay Area: 11.9 MM km2 Population: 209 million GNP: us$ 633 billion 5 Source: Ministry of Economy, World Bank, Dresdner KB ARGENTINA AND REPSOL YPF, S.A. MercosurMercosur:: Key Key factorfactor forfor RegionalRegional IntegrationIntegration (cont.) (cont.) GNP 2002 (MMus$) 2000000 1800000 1600000 1400000 1200000 1000000 800000 600000 400000 200000 0 ARGENTINAMERCOSUR SPAIN ITALY GERMANY 6 Source:Ministry of Economy; WB; Dresdner Bank ARGENTINA ArgentinaArgentina inin thethe EnergyEnergy FieldField Proven Oil Reserves: 2,821 MM bbls (as of 12/31/2002) Proven Natural Gas Reserves: 664 billion m3 [23.3 Tcf] (as of 12/31/2002) Consumption of Primary Energy 1% 2% 5% 5% 41% Oil Oil Production: 0.75 MM bbl / d Gas Hydro Nuclear Carbon Others 46% Natural Gas Production: 125 MM m3 / d [1.6 Tcf/y] 7 Source: Secretary of Energy ARGENTINA ArgentinaArgentina inin thethe EnergyEnergy FieldField Oil Exports Year 2002: 2,156 MMus$ Exports of Hydrocarbons Gas Exports Year 2002: 264 MMus$ Oil Gas 40% Products Products Exports Year 2002: 1,610 MMus$ 53% 7% Hydrocarbon -
REPSOL YPF Argentina
Buenos Aires, 2000 XI REPSOL YPF-HARVARD SEMINAR HARVARD UNIVERSITY JOHN F. KENNEDY SCHOOL OF GOVERNMENT BUENOS AIRES, ARGENTINA DECEMBER 2000 ENERGY POLICIES AND MARKETS: NEW TRENDS OR OLD CYCLES? WILLIAM W. HOGAN BIJAN MOSSAVAR-RAHMANI EDITORS THE REPSOL YPF-HARVARD SEMINAR SERIES JOHN F. KENNEDY SCHOOL OF GOVERNMENT HARVARD UNIVERSITY 79 JFK Street Cambridge, MA 02138 USA REPSOL YPF Paseo de la Castellana 278 28046 Madrid, Spain FUNDACIÓN REPSOL Juan Bravo 3B 28006 Madrid, Spain ISBN: [TO BE ADDED] Depósito legal: [to be added] Copyright 2001© FUNDACIÓN REPSOL Servicio de Publicaciones CONTENTS FOREWORD ........................................................................................v EDITORS’ NOTE .................................................................................ix OPENING SESSION WELCOME MR. ALFONSO CORTINA ........................................................3 «ARGENTINA’S ECONOMY IN THE NEW CENTURY» THE HONORABLE JOSÉ LUIS MACHINEA ...................................11 KEYNOTE ADDRESS «LIBERALIZATION AND THE ECONOMY IN LATIN AMERICA» THE HONORABLE DOMINGO F. C AVALLO .................................17 SESSION I OIL INTRODUCTORY REMARKS MR. BIJAN MOSSAVAR-RAHMANI ..........................................29 «PERSPECTIVES ON THE INTERNATIONAL OIL MARKET» MR. ADRIÁN LAJOUS ..........................................................33 «POLITICS AND OIL» MR. RICHARD PERLE...........................................................43 «FURTHER CONSIDERATIONS ON THE PRICE OF OIL» THE HONORABLE HUMBERTO CALDERÓN -
Latin American State Oil Companies and Climate
LATIN AMERICAN STATE OIL COMPANIES AND CLIMATE CHANGE Decarbonization Strategies and Role in the Energy Transition Lisa Viscidi, Sarah Phillips, Paola Carvajal, and Carlos Sucre JUNE 2020 Authors • Lisa Viscidi, Director, Energy, Climate Change & Extractive Industries Program at the Inter-American Dialogue. • Sarah Phillips, Assistant, Energy, Climate Change & Extractive Industries Program at the Inter-American Dialogue. • Paola Carvajal, Consultant, Mining, Geothermal Energy and Hydrocarbons Cluster, Inter-American Development Bank. • Carlos Sucre, Extractives Specialist, Mining, Geothermal Energy and Hydrocarbons Cluster, Inter-American Development Bank. Acknowledgments We would like to thank Columbia University's Center on Global Energy Policy and Philippe Benoit, Adjunct Senior Research Scholar at the Center, for inviting us to participate in the workshop on engaging state-owned enterprises in climate action, a meeting which played an instrumental role in informing this report. We would also like to thank Nate Graham, Program Associate for the Inter-American Dialogue’s Energy, Climate Change & Extractive Industries Program, for his assistance. This report was made possible by support from the Inter-American Development Bank in collaboration with the Inter- American Dialogue’s Energy, Climate Change & Extractive Industries Program. The opinions expressed in this publication are those of the authors and do not necessarily reflect the views of the Inter- American Development Bank, its Board of Directors, or the countries they represent. The views contained herein also do not necessarily reflect the consensus views of the board, staff, and members of the Inter-American Dialogue or any of its partners, donors, and/or supporting institutions. First Edition Cover photo: Pxhere / CC0 Layout: Inter-American Dialogue Copyright © 2020 Inter-American Dialogue and Inter-American Development Bank. -
YPF S.A. Consolidated Results Q1 2020
YPF S.A. Consolidated Results Q1 2020 41899.00900 Consolidated Results Q1 2020 CONTENT 1. MAIN MILESTONES AND ECONOMIC MAGNITUDES FOR Q1 2020 .............................................................. 3 2. ANALYSIS OF RESULTS FOR Q1 2020 ............................................................................................................. 4 3. ANALYSIS OF OPERATING RESULTS BY BUSINESS SEGMENT FOR Q1 2020 .......................................... 7 3.1 UPSTREAM ......................................................................................................................................................... 7 3.2 DOWNSTREAM ................................................................................................................................................ 11 3.3 GAS AND ENERGY .......................................................................................................................................... 14 3.4 CORPORATE AND OTHERS ........................................................................................................................... 15 4. LIQUIDITY AND SOURCES OF CAPITAL ................................................................................................ 16 5. TABLES AND NOTES ........................................................................................................................................ 17 5.1 CONSOLIDATED STATEMENT OF INCOME .................................................................................................. 18 5.2 CONSOLIDATED -
Drilling the Monterey Shale
A New California Oil Boom? Drilling the Monterey Shale By Robert Collier December 2013 Table of Contents Table of Contents 2 Part 1: Distracted by Fracking? 3 Part 2: The Most dangerous chemical you’ve never heard of 6 Part 3: The Climate conundrum 9 Part 4: Monterey Shale: Twice as polluting as Keystone XL? 13 Part 5: Is California really like North Dakota? 18 Part 6: Keeping the story straight: industry reports at odds on California oil 24 Notes 27 Page 2 | Drilling the Monterey Shale Part 1: Distracted by Fracking? Over the past few years, the United States has found the more likely candidate for tapping the Monterey itself in the midst of a major boom in oil and gas Shale: A technique, already widely in use in the oil production. Rapid expansion in the use of a drilling industry, known as “acidizing.” technique called hydraulic fracturing, or “fracking,” has opened up previously unreachable pockets of oil It’s not widely discussed in publicly, but for some and gas, and returned the U.S. to its historic position time oil companies have found acidizing more as a major global producer of these fossil fuels. effective in the Monterey Shale than fracking. And it seems the boom may be coming to Acidizing typically involves the injection of high California. Once a leading producer of oil in the U.S., volumes of hydrofluoric acid, a powerful solvent, California’s production has fallen off dramatically (abbreviated as “HF”) into the oil well to dissolve over the years as oil fields age and are depleted. -
Pride Drillships Awarded Contracts by BP, Petrobras
D EPARTMENTS DRILLING & COMPLETION N EWS BP makes 15th discovery in ultra-deepwater Angola block Rowan jackup moving SONANGOL AND BP have announced west of Luanda, and reached 5,678 m TVD to Middle East to drill the Portia oil discovery in ultra-deepwater below sea level. This is the fourth discovery offshore Saudi Arabia Block 31, offshore Angola. Portia is the 15th in Block 31 where the exploration well has discovery that BP has drilled in Block 31. been drilled through salt to access the oil- ROWAN COMPANIES ’ Bob The well is approximately 7 km north of the bearing sandstone reservoir beneath. W ell Keller jackup has been awarded a Titania discovery . Portia was drilled in a test results confirmed the capacity of the three-year drilling contract, which water depth of 2,012 m, some 386 km north- reservoir to flow in excess of 5,000 bbl/day . includes an option for a fourth year, for work offshore Saudi Arabia. The Bob Keller recently concluded work Pride drillships in the Gulf of Mexico and is en route to the Middle East. It is expected awarded contracts to commence drilling operations during Q2 2008. Rowan re-entered by BP, Petrobras the Middle East market two years ago after a 25-year absence. This PRIDE INTERNATIONAL HAS contract expands its presence in the announced two multi-year contracts for area to nine jackups. two ultra-deepwater drillships. First, a five-year contract with a BP subsidiary Rowan also has announced a multi- will allow Pride to expand its deepwater well contract with McMoRan Oil & drilling operations and geographic reach Gas Corp that includes re-entering in deepwater drilling basins to the US the Blackbeard Prospect. -
EXXONMOBIL DEVELOPMENT § COMPANY; and EXXONMOBIL § OIL CORPORATION, § § Plaintiffs, § § V
Case 3:17-cv-01930-B Document 110 Filed 12/31/19 Page 1 of 35 PageID <pageID> UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF TEXAS DALLAS DIVISION EXXON MOBIL CORPORATION; § EXXONMOBIL DEVELOPMENT § COMPANY; and EXXONMOBIL § OIL CORPORATION, § § Plaintiffs, § § v. § CIVIL ACTION NO. 3:17-CV-1930-B § STEVEN MNUCHIN, in his official § capacity as Secretary of the U.S. § Department of the Treasury; § ANDREA M. GACKI, in her official § capacity as the Director of the U.S. § Department of the Treasury’s Office § of Foreign Assets Control; and the U.S. § DEPARTMENT OF THE TREASURY’S § OFFICE OF FOREIGN ASSETS § CONTROL, § § Defendants. § MEMORANDUM OPINION AND ORDER Before the Court is Plaintiffs Exxon Mobil Corporation, ExxonMobil Development Company, and ExxonMobil Oil Corporation’s Motion for Summary Judgment (Doc. 92), as well as Defendants Steven Mnuchin, Andrea Gacki, and the Office of Foreign Assets Control’s Cross-Motion for Summary Judgment (Doc. 95). The parties dispute whether the Office of Foreign Assets Control’s imposition of a two-million-dollar fine upon Plaintiffs for alleged violations of Ukraine-related sanctions regulations was lawful. Because the Court concludes that Plaintiffs lacked fair notice that their conduct was prohibited, the Court GRANTS Plaintiffs’ motion (Doc. 92) and DENIES Defendants’ cross-motion (Doc. 95). Further, the Court VACATES the Office of Foreign Asset - 1 - Case 3:17-cv-01930-B Document 110 Filed 12/31/19 Page 2 of 35 PageID <pageID> Control’s Penalty Notice. I. BACKGROUND1 This is an administrative case prompting the Court to determine which party receives the benefit of having its cake and eating it, too—the regulating agency that failed to clarify, or the regulated party that failed to ask. -
Shell in Brazil: Prospecting for the Future
100 YEARS OF SHELL IN BRAZIL: PROSPECTING FOR THE FUTURE Presentation at the British Consulate in Rio de Janeiro March 11th Flavio Rodrigues Shell Brasil Petróleo Ltda. Copyright of INSERT COMPANY NAME HERE January 2013 1 DEFINITIONS AND CAUTIONARY NOTE The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this presentation “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. “Shell Brasil Petróleo Ltda”, ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this presentation refer to companies in which Royal Dutch Shell either directly or indirectly has control, by having either a majority of the voting rights or the right to exercise a controlling influence. The companies in which Shell has significant influence but not control are referred to as “associated companies” or “associates” and companies in which Shell has joint control are referred to as “jointly controlled entities”. In this presentation, associates and jointly controlled entities are also referred to as “equity- accounted investments”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest. This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell.