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Report on Sustainability 2020 CEO Message
Report on Sustainability 2020 CEO message As I write this, the world is contending with the health and economic effects of a global pandemic which has not only impacted lives, but has brought about disruptions to fnancial markets, businesses, and the way we work and live. Mark Little president and chief executive offcer This crisis is highlighting how interconnected environmental, social and economic systems are. Responding and recovering from the effects of the pandemic and fostering resiliency will require cooperation and collaboration among all stakeholders. Our collective actions can have an enormous impact when we work together to fnd solutions. At Suncor we use our purpose – Our purpose embodies to provide trusted energy that enhances people’s lives, while caring for each other and our commitment to the earth – to guide our decisions and actions. sustainability and is our As much as our world has changed through COVID-19, Suncor remains fully committed to our strategy, sustainability leadership and our role in the energy transition to a low-carbon future. guide in these times of Our commitment is unwavering and continues to be at the heart of everything we do. uncertainty. We all have a We continue to see outstanding progress being made on the social goal we’ve set, including role to play in our shared increasing the participation of Indigenous Peoples in energy development. In 2019, we spent more than $800 million with Indigenous businesses, representing 8% of our total supply chain energy future. spend. We have also increased the number of Petro-Canada™ stations that are Indigenous-owned Mark Little and operated. -
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. -
International Tribunal for the Law of the Sea
English Version ITLOS/PV.19/C26/1/Rev.1 INTERNATIONAL TRIBUNAL FOR THE LAW OF THE SEA 2019 Friday, 10 May 2019, at 10 a.m., at the International Tribunal for the Law of the Sea, Hamburg, President Jin-Hyun Paik presiding CASE CONCERNING THE DETENTION OF THREE UKRAINIAN NAVAL VESSELS (Ukraine v. Russian Federation) Verbatim Record Present: President Jin-Hyun Paik Vice-President David Attard Judges José Luís Jesus Jean-Pierre Cot Anthony Amos Lucky Stanislaw Pawlak Shunji Yanai James L. Kateka Albert J. Hoffmann Zhiguo Gao Boualem Bouguetaia Elsa Kelly Markiyan Kulyk Alonso Gómez-Robledo Tomas Heidar Óscar Cabello Sarubbi Neeru Chadha Kriangsak Kittichaisaree Roman Kolodkin Liesbeth Lijnzaad Registrar Philippe Gautier ITLOS/PV.19/C26/1/Rev.1 ii 10/05/2019 a.m. Ukraine is represented by: H.E. Olena Zerkal, Deputy Foreign Minister, as Agent; and Ms Marney L. Cheek, Member of the Bar of the District of Columbia; Covington & Burling LLP, Mr Jonathan Gimblett, Member of the Bar of Virginia and the District of Columbia; Covington & Burling LLP, Professor Alfred H.A. Soons, Utrecht University School of Law; Associate Member of the Institute of International Law, Professor Jean-Marc Thouvenin, University Paris Nanterre; Secretary General of the Hague Academy of International Law; Member of the Paris Bar; Sygna Partners, as Counsel and Advocates; Ms Oksana Zolotaryova, Director, International Law Department, Ministry of Foreign Affairs, Colonel Leonid Zaliubovskyi, Colonel of Justice, Naval Forces of Ukraine, Mr Nikhil V. Gore, Covington & Burling -
Added Value and Support to Due Diligence in the Area Of
NICOLINO MODE 6332 NW 104 Path, Medley, FL 33178 MEMBER OF THE SPE Email: [email protected] Mob: +1 (786) 9718778 WORK PERMIT IN THE USA Objective: Added Value and Support to Due Diligence in the area of Engineering, Procurement, Construction, Business Development, Project Financing, Financial Plan Design and Strategic Planning, GENERAL SUMMARY PROFILE Summary Qualifications • Bright Professional with 33 years of experience in the Oil and Gas Industry of Venezuela, PETROLEOS DE VENEZUELA, S.A. (PDVSA), with excellent technical training in the development of Oil & Gas projects throughout the value chain: Exploitation, Production, Transportation, Storage, Upgrading, Refining and Ma rketing. • Qualified and proven experience in designing strategies and building business models for the development of new projects of Oil & Gas from the exploitation to final market, including financing strategies as demonstrated in the creation of 6 new joint ventures for the development of heavy crude from the Orinoco Belt with potential output of more than two million barrels per day (2 mbd), which reached 3.5 Billion USD bond and implementation plans of project execution of more than 60 billion USD. • Qualified and proven Technical expertise skilled in the design and development Studies, Project Definition and Engineering, Procurement, Construction, Pre‐Start, Start‐up of Projects Executions of Oil and Gas as demonstrated in projects Petrozuata (120 kbd) and Sincor (200 kbd) among others. • Qualified and proven experience skilled in the knowledge and development of oil strategy planning for small and large dimension integrated projects such as the Orinoco Oil Belt and their interaction in the development of maximizing national and international plans, interaction with private and public companies. -
Transportation and Storage
TRANSPORTATION AND STORAGE Baker & O'Brien consultants have considerable experience in the transportation, storage, and distribution of energy raw materials and finished products. We are RELATED SERVICES frequently called upon to analyze the costs associated with truck, rail, pipeline, and/or marine transportation of crude oil, petroleum products, and chemical feedstocks. We Accident/Incident Investigation undertake feasibility studies associated with pipelines and petroleum storage facilities. Asset Valuations We investigate the source and implications of leaks, fires, explosions, and other Due Diligence and Advisor to operating incidents that periodically occur during the operation of such facilities. Our Lenders and Investors consultants have provided evidence and expert testimony regarding proper Engineering, Procurement, and maintenance and safe operating practices for all types of transportation systems. Construction (EPC) Markets and Strategy Merger and Acquisition Support PRIMARY CONTACTS Property Damage and Business Interruption Insurance Claims Technology Assessment Robert L. Beck Consultant Houston William D. Jackson, Ph.D. Consultant Dallas Amy L. Kalt Consultant, Manager of Analytical Services Houston © 2021 Baker & O'Brien, Inc. All rights reserved. 1 of 22 TRANSPORTATION AND STORAGE Charles G. Kemp Vice President, Business Development Manager Dallas RELATED EXPERIENCE Bankruptcy Reorganization Developed, in conjunction with senior management, reorganization plans for various operating segments of a major trading and transport company. The resulting business plan formed the foundation of the company's successful reorganization and emergence from bankruptcy. Bitumen Valuation Study Developed a methodology using a marker crude oil to value bitumen at the production site. Methodology addressed differences in qualities (sulfur, acid number) and refining yields. Transportation costs from the valuation hub to the production site were developed. -
America's Energy Corridor Year Event 1868 Louisiana's First Well, an Exploratory Well Near Bayou Choupique, Hackberry, LA Was a Dry Hole
AAmmeerriiccaa’’ss EEnneerrggyy CCoorrrriiddoorr LOUISIANA Serving the Nation’s Energy Needs LOUISIANA DEPARTMENT OF NATURAL RESOURCES SECRETARY SCOTT A. ANGELLE A state agency report on the economic impacts of the network of energy facilities and energy supply of America’s Wetland. www.dnr.state.la.us America’s Energy Corridor LOUISIANA Serving the Nation’s Energy Needs Prepared by: Louisiana Department of Natural Resources (DNR) Office of the Secretary, Scott A. Angelle Technology Assessment Division T. Michael French, P.E., Director William J. Delmar, Jr., P.E., Assistant Director Paul R. Sprehe, Energy Economist (Primary Author) Acknowledgements: The following individuals and groups have contributed to the research and compilation of this report. Collaborators in this project are experts in their field of work and are greatly appreciated for their time and assistance. State Library of Louisiana, Research Librarians U.S. Department of Energy (DOE) Richard Furiga (Ret.) Dave Johnson Ann Rochon Nabil Shourbaji Robert Meyers New Orleans Region Office Louisiana Offshore Oil Port (LOOP) Louisiana Offshore Terminal Authority (LOTA) La. Department of Transportation and Development (DOTD) Louisiana Oil Spill Coordinator’s Office, Dr. Karolien Debusschere ChevronTexaco and Sabine Pipeline, LLC Port Fourchon Executive Director Ted Falgout Louisiana I Coalition Executive Director Roy Martin Booklet preparation: DNR Public Information Director Phyllis F. Darensbourg Public Information Assistant Charity Glaser For copies of this report, contact the DNR Public Information Office at 225-342-0556 or email request to [email protected]. -i- CONTENTS America’s Energy Corridor LOUISIANA Serving the Nation’s Energy Needs……………………………………………... i Contents…………………………………………………………………………………………………………………………………………….. ii Introduction………………………………………………………………………………………………………………………………………… iii Fact Sheet…………………………………………………………………………………………………………………………………………. -
Large Floating Structure with Free-Floating, Self-Stabilizing Tanks for Hydrocarbon Storage
energies Article Large Floating Structure with Free-Floating, Self-Stabilizing Tanks for Hydrocarbon Storage Jian Dai 1,* , Kok Keng Ang 2,*, Jingzhe Jin 3, Chien Ming Wang 4 , Øyvind Hellan 3 and Arnstein Watn 5 1 Department of Marine Technology, Norwegian University of Science and Technology, 7491 Trondheim, Norway 2 Department of Civil and Environmental Engineering, National University of Singapore, Singapore 117576, Singapore 3 SINTEF Ocean, 7052 Trondheim, Norway 4 School of Civil Engineering, University of Queensland, St Lucia, QLD 4072, Australia 5 SINTEF, 7465 Trondheim, Norway * Correspondence: [email protected] (J.D.); [email protected] (K.K.A.) Received: 30 July 2019; Accepted: 6 September 2019; Published: 10 September 2019 Abstract: Hydrocarbon is a major source of energy for sustainable development. Storage of hydrocarbon products, however, requires a significant amount of land space to land-scarce countries like Singapore. This paper presents an alternative way of storing hydrocarbon in Singapore coastal waters through the innovative design of a floating hydrocarbon storage facility. The design comprises free-floating and self-stabilizing tanks enclosed by barges that form a floating hydrocarbon storage facility. The tanks are made of prestressed concrete and they are designed to be self-stabilized when floating in the sea water. Owing to the lack of available design guidelines, design requirements on the stability and motion criteria for floating storage tanks are developed based on a review of existing codes of practice and design specifications for both onshore tanks and offshore vessels. A comprehensive study on the hydrostatic performance of various proposed floating tank design concepts with different storage capacities is carried out. -
A Comparative History of Oil and Gas Markets and Prices: Is 2020 Just an Extreme Cyclical Event Or an Acceleration of the Energy Transition?
April 2020 A Comparative History of Oil and Gas Markets and Prices: is 2020 just an extreme cyclical event or an acceleration of the energy transition? Introduction Natural gas markets have gone through an unprecedented transformation. Demand growth for this relatively clean, plentiful, versatile and now relatively cheap fuel has been increasing faster than for other fossil fuels.1 Historically a `poor relation’ of oil, gas is now taking centre stage. New markets, pricing mechanisms and benchmarks are being developed, and it is only natural to be curious about the direction these developments are taking. The oil industry has had a particularly rich and well recorded history, making it potentially useful for comparison. However, oil and gas are very different fuels and compete in different markets. Their paths of evolution will very much depend on what happens in the markets for energy sources with which they compete. Their history is rich with dominant companies, government intervention and cycles of boom and bust. A common denominator of virtually all energy industries is a tendency towards natural monopoly because they have characteristics that make such monopolies common. 2 Energy projects tend to require multibillion – often tens of billions of - investments with long gestation periods, with assets that can only be used for very specific purposes and usually, for very long-time periods. Natural monopolies are generally resolved either by new entrants breaking their integrated market structures or by government regulation. Historically, both have occurred in oil and gas markets.3 As we shall show, new entrants into the oil market in the 1960s led to increased supply at lower prices, and higher royalties, resulting in the collapse of control by the major oil companies. -
Petronor Annual Report 2020
PETRONOR E&P LIMITED (ABN 87 125 419 730) Annual Report and Financial Statements For the year ended 31 December 2020 Annual Report 31 December 2020 PetroNor E&P Limited CONTENTS Group at a glance statement 2 Chairman’s statement 3 Chief Executive Officer Strategic Review 4 Annual statement of reserves 6 Directors’ report 10 Auditor’s independence declaration 20 Consolidated statement of profit or loss and other comprehensive income 21 Consolidated statement of financial position 22 Consolidated statement of changes in equity 23 Consolidated statement of cash flows 24 Notes to the consolidated financial statements 25 Directors’ declaration and statement of responsibility 51 Independent Auditor’s report to the members 52 Glossary and Definitions 55 Corporate directory 55 Page | 1 Annual Report 31 December 2020 PetroNor E&P Limited GROUP AT A GLANCE STATEMENT KEY FIGURES 2020 2019 EBITDA (USD mill) 33.97 49.00 EBIT (USD mill) 29.33 45.77 Net profit / (loss) (USD mill) 11.15 (5.76) 2P Reserves (MMbbl) 12.62 10.76 2C Contingent Resources (MMbbl) 8.81 7.31 2020 HIGHLIGHTS AND SUBSEQUENT EVENTS Completed a capital raise of NOK 340 million in March 2021. PetroNor has increased its indirect ownership in PNGF Sud up to 16.83% through increasing is shareholding in Hemla E&P Congo and Hemla Africa Holding. The latter transaction is awaiting approval by the EGM 4th May 2021. PNGF Sud production had a 4% growth in the oil production compared to 2019 with a gross field average production of 22,713 bopd in 2020. PetroNor has re-established a highly attractive exploration portfolio in the West African margin through the entry in the Esperança and Sinapa licenses in Guinea-Bissau at highly attractive terms following the acquisition of SPE Guinea-Bissau AB from Svenska Petroleum Exploration AB. -
Novorossiysk Office03
P & I REVIEW – RUSSIAN FEDERATION Prepared by Denis Shashkin Deputy Manager of Novorossiysk Branch CIS PandI Services Ltd Novorossiysk, 2016 CONTENT: 1. General review of Taman ports and Anchorages 2. Terminals at Port of Taman 3. Ballast Change 4. Sewage, Black, Grey Water Discharging 5. Turkish Crew Problems HEAD OFFICE OFFICES : Sakhalin P.O.Box 54189. Moscow Odessa Suite 102, 118 Anexartisias Str., Novorossiysk Kiev 3040 Limassol, St.Petrsburg Izmail Cyprus Murmansk Mariupol Tel: +357 (25) 763 340 Klaipeda Tashkent Fax: +357 (25) 763 360 Tallinn Alma-Ata Email: [email protected] Vladivostok Shanghai Web: www.cispandi.com Nakhodka Phnom Penh 1. GENERAL REVIEW OF TAMAN PORTS & ANCHORAGES OF SOUTH BLACK SEA COAST (Russia) In view of the increased turnover of cargoes through the South sea gates of Russian Federation, there is a development of new ports in addition to the traditional ports such as Novorossiysk and Tuapse ports as well as limited area of Azov sea and adjacent rivers. Main area of development is Taman peninsula and adjacent anchorages. Transfers of dry bulk and liquid cargoes make this area very busy. The transhipments in these areas are mostly related to the export of cargoes, however, for some cargoes such as containers – there are also import transhipments. 3 main areas are active and busy with the cargo operations: Anchorage 451, OPL Kavkaz and Port of Taman: 2 Anchorage 451 of port of Kavkaz STS port Kavkaz at road no. 451. The cargo operations There are no authorities regulating activity in this area, so are effected on/from self-driven barges/small vessels (DW up the governing law there is that valid in the open sea. -
Negativliste. Fossil Energi
Bilag 6. Negativliste. Fossil energi Maj 2017 Læsevejledning til negativlisten: Moderselskab / øverste ejer vises med fed skrift til venstre. Med almindelig tekst, indrykket, er de underliggende selskaber, der udsteder aktier og erhvervsobligationer. Det er de underliggende, udstedende selskaber, der er omfattet af negativlisten. Rækkeetiketter Acergy SA SUBSEA 7 Inc Subsea 7 SA Adani Enterprises Ltd Adani Enterprises Ltd Adani Power Ltd Adani Power Ltd Adaro Energy Tbk PT Adaro Energy Tbk PT Adaro Indonesia PT Alam Tri Abadi PT Advantage Oil & Gas Ltd Advantage Oil & Gas Ltd Africa Oil Corp Africa Oil Corp Alpha Natural Resources Inc Alex Energy Inc Alliance Coal Corp Alpha Appalachia Holdings Inc Alpha Appalachia Services Inc Alpha Natural Resource Inc/Old Alpha Natural Resources Inc Alpha Natural Resources LLC Alpha Natural Resources LLC / Alpha Natural Resources Capital Corp Alpha NR Holding Inc Aracoma Coal Co Inc AT Massey Coal Co Inc Bandmill Coal Corp Bandytown Coal Co Belfry Coal Corp Belle Coal Co Inc Ben Creek Coal Co Big Bear Mining Co Big Laurel Mining Corp Black King Mine Development Co Black Mountain Resources LLC Bluff Spur Coal Corp Boone Energy Co Bull Mountain Mining Corp Central Penn Energy Co Inc Central West Virginia Energy Co Clear Fork Coal Co CoalSolv LLC Cobra Natural Resources LLC Crystal Fuels Co Cumberland Resources Corp Dehue Coal Co Delbarton Mining Co Douglas Pocahontas Coal Corp Duchess Coal Co Duncan Fork Coal Co Eagle Energy Inc/US Elk Run Coal Co Inc Exeter Coal Corp Foglesong Energy Co Foundation Coal -
OPEC Annual Statistical Bulletin 2019 1 Contents
2019 OPEC Annual Statistical Bulletin Organization of the Petroleum Exporting Countries 1965 – 2019 th edition 54 Team for the preparation of the OPEC Annual Statistical Bulletin Secretary General Editorial Team Chairman of the Editorial Board Head, Public Relations and Information Department Mohammad Sanusi Barkindo Hasan Hafidh Director, Research Division Editor Ayed S. Al-Qahtani Maureen MacNeill, Mathew Quinn Project Leader Coordinator, Design and Production Head, Data Services Department Carola Bayer Adedapo Odulaja Senior Production Assistant Coordinator, Statistics Team Diana Lavnick Hossein Hassani Graphic Designer Statistics Team Tara Starnegg Pantelis Christodoulides, Klaus Stöger, Mohammad Sattar, Mihni Mihnev, Justinas Pelenis, Ksenia Gutman Coordinator, IT Development Team Mohamed Mekerba IT Development Team Vedran Hrgovcic, Zairul Arifin Online Annual Statistical Bulletin 2019: asb.opec.org Download now: Smart App for OPEC Annual Statistical Bulletin iOS Android Questions on data Data queries: [email protected]. Advertising The OPEC Annual Statistical Bulletin now accepts advertising. For details, please contact the Head, PR and Information Department, at the following address: Organization of the Petroleum Exporting Countries Helferstorferstrasse 17, A-1010 Vienna, Austria Tel: +43 1 211 12/0 Fax: +43 1 216 43 20 Advertising: [email protected] Website: www.opec.org Photographs Courtesy OPEC. © 2019 Organization of the Petroleum Exporting Countries ISSN 0475-0608 Contents Foreword 5 Key messages 6 Tables Page Page Section