Driving Businesses Forward an Introduction to the Use and Benefits of Standards in the Energy Sector

Total Page:16

File Type:pdf, Size:1020Kb

Driving Businesses Forward an Introduction to the Use and Benefits of Standards in the Energy Sector Driving businesses forward An introduction to the use and benefits of standards in the energy sector. DRIVING BUSINESSES FORWARD Foreword BSI is dedicated to promoting excellence throughout the energy sector. Working with organisations of all sizes in 172 countries worldwide, we improve performance, reduce risk and increase resilience right the way through the supply chain. Howard Kerr, Chief Executive, BSI 2 +44 845 086 9001 Introduction Contents 4 Looking back to drive forward… The benefits of The history of BSI and how standards have become an integral component in running a successful and standards in oil, accountable business. 6 Ensuring fire resilience in gas and renewable energy facilities How using Business Impact Analysis ensures resilience from fire in energy energy facilities. 8 Trading on the global stage s David Fatscher, Head of Market New trends are seeing more businesses The importance of British standards Development in Sustainability & looking to ensure organizational resilience and the benefits of working with BSI Energy at BSI, says in his article and minimise risk in the supply chain. And when trading on the global stage. on page 16, “…the UK’s energy with reputation becoming an ever-increasing Ageneration mix is changing fast,” and it is not factor in a company’s success, standards that 10 Case study: Scottish and just in the UK. The energy sector is diversifying look to improve organizational governance Southern Energy (SSE) across the globe and there are exciting are becoming increasingly important. opportunities as well as challenges in this SSE accessed over 4,000 documents rapidly changing marketplace. In this report, we have gathered together on standards via BSI’s online BSOL energy experts and key leaders in the platform in the last year, nearly double Standardization plays a vital role in the energy field to discuss why standards continue the usage from the previous year. industry. Technical standards have long to be essential to the on-going health and been essential for defining specifications development of the energy sector. And 12 Case study: Sulzer Pumps (UK) in oil and gas refining, as well as ensuring why, with so many new technologies, Sulzer Pumps (UK) Ltd is part of Sulzer, interoperability in electricity generation, standardization remains a key factor in a Swiss owned industrial engineering storage and distribution. According to our engaging all stakeholders and de-risking and manufacturing company 2014 CEBR commissioned report, over three investment. employing around 15,000 people quarters of all companies in the energy sector worldwide. are using health and safety, environmental Shirley Bailey-Wood, Director, and quality management standards. BSI Information Solutions 14 Case study: Talisman Sinopec Energy An oil and gas explorer and producer operating in the North Sea, they employ a workforce of around 3,000 in the UK. 16 Opinion: New standards for energy generation The importance of standardization in the rapidly evolving market for renewable energy. 18 The benefits of standards to the UK energy sector Standards boost UK productivity and improve performance, kick-start innovation, and support UK and domestic trade. 3 DRIVING BUSINESSES FORWARD Looking back to drive forward... Dr Scott Steedman CBE, Director of Standards at BSI, reflects on the history of BSI and shows how standards have become an integral component in running a successful and accountable business… Before the twentieth century there were no standards. 35,000 his may seem like a counter intuitive statement. After all, Convened by Sir Jon Wolfe Barry, designer of London’s Tower Bridge, society has always been awash with morals and ethics, rules on the committee published the first British Standard (BS1) in 1903. BS 1 how to behave and what to do. However, we only need to think tabulated the standard dimensions of steel angle sections, essential for of passengers and goods having to be transferred between structural engineers in sourcing from different manufacturers. 30,000 Ttrains running on different gauges in the UK to be reminded that there was often little consensus in the industrial process. This was soon followed by standards for the specification of sections and gauges of tramways, copper conductors, telegraph materials A growing recognition soon developed, that producing materials and and cement. By 1931 the Engineering Standards Committee had been components to a standard specification would lead to efficiencies that granted a Royal Charter and finally changed its name to The British 25,000 could increase competition and open up new markets. This resulted in Standards Institution (BSI). the very first meeting of the Engineering Standards Committee in 1901. 1901 Formed by Sir John Wolfe-Barry 20,000 1903 Published first British standard BS 1 1929 Granted a Royal Charter 15,000 1931 Re-named The British Standards Institution (BSI) 1942 Recognised by British Government as national standards body for the UK 1947 Founding member of International Organisation for 10,000 Standardisation (ISO) 1955 UK Government introduce compulsory BSI kitemarking on car seat belts and motorcycle helmets 5,000 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2016 4 +44 845 086 9001 DRIVING BUSINESSES FORWARD During this time, the practice of standardization was starting to spread Everyone operating in today’s global market place is governed by globally and nowhere was the need for it more apparent than in the accountability - accountability to their customers, their shareholders rapidly expanding energy sector. With oil and gas fields opening up and their employees. Standards no longer just provide a guarantee across the world, there was an immediate need for standardized of technical quality and specification, they are integral methods and procedures and this led to the establishment of several in demonstrating that a company is doing industry specific standards organizations. everything it can to operate in the best way possible. Or to put it another 2016 After the end of World War II there was renewed focus on the need way, okay is no longer an option ISO 9001 and for global standards and in 1946 the first Commonwealth Standards - excellence is expected. ISO 14001 Conference took place. This led to the International Organisation for revised Standardisation (ISO) of which BSI is a founding member. The latter half of the twentieth century saw the emergence of business 2014 process standards, as it became increasingly apparent that the quality BSI Standards of a product produced was also a result of the process that made it. 2003 Becomes a Awards Once again, BSI was at the forefront of development and many of Business established the world’s most widely used ISO standards, such as the Quality and Superbrand Environment Management series (ISO 9001 and ISO 14001), started out as original British Standards. From less than 100 in 1920, the BSI catalogue now has over 35,000 35,000 publications, covering everything from technical product and management process standards to those covering health and safety, environmental impact, leadership, governance and 1996 risk. We continue to play a leading role in developing a Published new generation of standards that ensure organisational BS8800, 30,000 resilience. We also continue to invest in new areas which goes and new partnerships and now have 58 offices onto inspire BS worldwide. OHSAS 18001 Occupational Health and Safety 25,000 1992 Management Published BS 7750, the world’s first standard for environmental 1991 Established management 20,000 BSI Americas systems 1979 Published first quality management systems standard BS 5750 which leads to 15,000 ISO 9001 10,000 5,000 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2016 BSIGROUP.COM 5 DRIVING BUSINESSES FORWARD Ensuring fire resilience in energy facilities Peter Wilkinson, trustee at the Institution of Fire Engineers (IFE) and director at Pyrology, looks at how using Business Impact Analysis ensures resilience from fire in energy facilities. Fire related standards BS 9999 Code of practice for fire safety in the design, management and use of buildings. BS EN ISO 13702 Petroleum and natural gas industries. Control and mitigation of fires and explosions on offshore production installations. Requirements and guidelines. BS 5306-0 Fire protection installations and equipment on premises. Guide for selection of installed systems and other fire equipment. BS 7974 (series) Application of fire safety engineering principles to the design of buildings. BS EN 12845 Fixed firefighting systems. Automatic sprinkler systems. Design, installation and maintenance. BS ISO 16732 Fire safety engineering. Fire risk assessment. General. BS 7273 Code of practice for the operation of fire protection methods. 6 +44 845 086 9001 DRIVING BUSINESSES FORWARD ritish and International Standards, European Norms, Codes, Using it in design is fundamental to ensuring a successful facility design ACOPs, Approved Documents and Guides. There’s a wealth that fully meets the needs of the client. It is also essential for ensuring of information available on fire safety for those responsible the continued viability and success of the client’s organisation. for designing, constructing, approving, insuring and Boperating energy facilities. The effects of fire and explosion are only some of the causes of disruptions that would be identified and managed within a holistic Fire safety information will consider everything from the provision business continuity plan. However, by identifying these fire-related of facilities for life safety, to minimizing the impact and disruption disruptions and potential consequences at the design stage of a plant, to operations should the worst happen. Experience tells me that the it is possible to incorporate design features to reduce property loss. This energy industry no longer sees value simply as the driving down of will help to ensure business continuity and provide resilience against the costs to the absolute minimum. One of the key trends in today’s energy effects of fire.
Recommended publications
  • Consolidated Financial Statements and Auditor's Report
    WorldReginfo - 772dcdb9-06b0-4e41-9a7e-e370402a651f WorldReginfo - 772dcdb9-06b0-4e41-9a7e-e370402a651f WorldReginfo - 772dcdb9-06b0-4e41-9a7e-e370402a651f WorldReginfo - 772dcdb9-06b0-4e41-9a7e-e370402a651f WorldReginfo - 772dcdb9-06b0-4e41-9a7e-e370402a651f WorldReginfo - 772dcdb9-06b0-4e41-9a7e-e370402a651f WorldReginfo - 772dcdb9-06b0-4e41-9a7e-e370402a651f WorldReginfo - 772dcdb9-06b0-4e41-9a7e-e370402a651f WorldReginfo - 772dcdb9-06b0-4e41-9a7e-e370402a651f WorldReginfo - 772dcdb9-06b0-4e41-9a7e-e370402a651f WorldReginfo - 772dcdb9-06b0-4e41-9a7e-e370402a651f WorldReginfo - 772dcdb9-06b0-4e41-9a7e-e370402a651f WorldReginfo - 772dcdb9-06b0-4e41-9a7e-e370402a651f REPSOL Group 2017 Consolidated financial statements Translation of a report originally issued in Spanish. In the event of a discrepancy, the Spanish language version prevails WorldReginfo - 772dcdb9-06b0-4e41-9a7e-e370402a651f Translation of a report originally issued in Spanish. In the event of a discrepancy, the Spanish language version prevails. Repsol, S.A. and investees comprising the Repsol Group Balance sheet at December 31, 2017 and 2016 € Million ASSETS Note 12/31/2017 12/31/2016 Intangible assets: 10 4,584 5,109 a) Goodwill 2,764 3,115 b) Other intangible assets 1,820 1,994 Property, plant and equipment 11 24,600 27,297 Investment property 67 66 Investments accounted for using the equity method 12 9,268 10,176 Non-current financial assets 7 2,038 1,204 Deferred tax assets 23 4,057 4,746 Other non-current assets 7 472 323 NON-CURRENT ASSETS 45,086 48,921 Non-current
    [Show full text]
  • Case M.7519 — Repsol/Talisman Energy) Candidate Case for Simplified Procedure (Text with EEA Relevance) (2015/C 93/10)
    20.3.2015 EN Official Journal of the European Union C 93/21 Prior notification of a concentration (Case M.7519 — Repsol/Talisman Energy) Candidate case for simplified procedure (Text with EEA relevance) (2015/C 93/10) 1. On 10 March 2015 the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Repsol, S.A. (‘Repsol’, Spain) acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control over Talisman Energy Inc. (‘Talisman’, Canada), by way of purchase of shares. 2. The business activities of the undertakings concerned are: — Repsol is present in all activities relating to the oil and gas industry including exploration, development and production of crude oil and natural gas; refining and marketing activities of oil products, petrochemical products, liquefied petroleum gas (LPG) as well as marketing activities relating to natural gas and liquefied natural gas (LNG), — Talisman is active in the exploration, development, production, transportation, and marketing of crude oil, natural gas and natural gas liquids. Talisman’s activities are concentrated in North America, the North Sea, and Southeast Asia. It also has assets in Latin America, Africa, the Middle East, Australia/East Timor, and Papua New Guinea. 3. On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.
    [Show full text]
  • ENERGY OPPORTUNITIES in QATAR: an OVERVIEW Big Power in a Small Package
    Energy QOpportunitiesatar In a special report from Oil and Gas Investor and Global Business Reports ENERGY OPPORTUNITIES IN QATAR: AN OVERVIEW Big Power in a Small Package y any standards, the state of Qatar is small. With a pop- joined Kuwait, Bahrain, Saudi Arabia, Oman and the United ulation barely over 800,000 and a land area (11,430 Arab Emirates in forming the Gulf Cooperation Council Bsquare kilometers) roughly three times smaller than (GCC) in 1981. Belgium, this barren, sandy peninsula jutting out like a raised Though Qatar was slowly finding its place in the world, thumb into the Persian Gulf, north of Saudi Arabia, would development was being gravely hampered by the continuous still be hidden in the shadows of anonymity if it were not for diversion of the country’s oil revenues into the personal its immense hydrocarbon reserves. coffers of the ruling emir. In a move to change this, the Despite its reduced size and ungrateful topography, Qatar current emir, Sheikh Hamad bin Khalifa Al-Thani, took is currently making a big splash due to a combination of over the reins of power from his father in a bloodless easily accessible gas reservoirs and visionary leadership. This overthrow in 1995 that won the support of the ruling family, young nation is rubbing shoulders with the big boys of the the Qatari armed forces and Qatar’s international allies, hydrocarbon world and this has bought a taste for ambition. Qatar became independent on September 1, 1971, following a period of British protectorate status that began in 51”00’ 51”30’ 1916, after the Ottomans pulled out.
    [Show full text]
  • Crudemonitor.Ca Western Canadian Select (WCS)
    CrudeMonitor.ca - Canadian Crude Quality Monitoring Program Page 1 of 2 crudemonitor.ca Home Monthly Reports Tools Library Industry Resources Contact Us Western Canadian Select (WCS) What is Western Canadian Select crude? Western Canadian Select is a Hardisty based blend Canada of conventional and oilsands production managed by Liberia Canadian Natural Resources, Cenovus Energy, Manilol Suncor Energy, and Talisman Energy. Argus has sti. launched daily volume-weighted average price ibia Saskalchewan Edmon-i t indexes for Western Canadian Select (WCS) and will publish this index in the daily Argus Crude and Argus Americas Crude publications. Calgary Winnipt Map data ©2013 Google Most Recent Sample Comments: Light Ends Summary Last 6 Samples WCS-807, Sep 17, 2013 Most Property 6 Month 1 Year 5 Year Recent The September 17th sample of Western Canadian ( vol% ) Average Average Average Select contained slightly elevated density, Sample sulphur, MCR, BTEX and C7 x C10 concentrations, C3- 0.04 0.05 0.06 0.06 while butanes and pentanes were slightly Butanes 1.04 1.68 1.82 2.02 decreased. Simulated distillation results indicate Pentanes 3.56 4.76 4.87 4.44 an increase in the residue fraction. Hexanes 3.86 4.10 4.21 3.94 Monthly Reports Heptanes 3.70 3.00 2.96 2.82 Octanes 3.08 2.27 2.14 2.12 Basic Analysis Nonanes 2.36 1.72 1.57 1.50 Decanes 1.27 0.89 0.82 0.72 Most 6 Month 1 Year 5 Year Property Recent Average Average Average Sample BTEX H Density (kg/m3) 934.5 929.6 928.3 929.2 Most 6 Gravity (oAPI) 19.8 20.6 20.8 20.7 Property 1 Year 5 Year Recent Month 0 (vol%) Average Average Sulphur ( wt o) 3.71 3.53 3.51 3.52 Sample Average MCR (wt%) 10.20 10.02 9.84 9.71 Benzene 0.18 0.17 0.18 0.16 Sediment (ppmw) 305 302 296 329 Toluene 0.41 0.33 0.32 0.30 TAN (mgKOH/g) 0.94 0.91 0.93 0.94 • Ethyl Benzene 0.09 0.07 0.06 0.06 Salt (ptb) 28.0 30.9 46.4 Xyl enes 0.45 0.33 0.30 0.29 Nickel (mg/L) 62.7 60.7 59.0 Vanadium (mg/L) 147.0 143.7 141.8 Olefins (wt%) ND ND Distillation *ND indicates a tested value below the instrument threshold.
    [Show full text]
  • Talisman's Sudanese Oil Investment: the Historical Context Surrounding
    Talisman’s Sudanese Oil Investment: The Historical Context Surrounding Its Entry, Departure, and Controversial Tenure By, Jennifer C. Leary Submitted for Honors to the History Department Trinity College, Duke University Durham, North Carolina 16 April 2007 2 Table of Contents I. Acknowledgements 3 II. Introduction 6 III. Chapter I: 23 Talisman’s Impact on Sudan’s Second Civil War, 1998-2003 IV. Chapter II: 47 Providing a Framework: International Oil Industry and Other Players in Sudan, c. 1945-2002 V. Chapter III: 73 Talisman’s Divestment: How the Presbyterian Church, NGOs, and Political Activists Forced Talisman out of Sudan VI. Conclusion 103 VII. Appendix A: Maps 108 VIII. Works Cited 114 3 Acknowledgements At the beginning of this school year, I sat with Professor Ewald in her office for one of our first thesis advising meetings. Many great ambitions and ideas came out of that first meeting. Indeed, it was that time of the school year when classes are still interesting and homework has not yet become an unbearable burden. Specifically, I remember talking to Professor Ewald about my motivations for writing a thesis. I explained to her that although many of my friends were basking in the free time of a light senior year course schedule, I wanted to do something important in my final months in college. “I didn’t come to Duke to sit on the couch and watch TV,” I told her. Almost nine months later, I only vaguely remember desiring such lofty goals. Stressed out and sleep deprived, I’ve hit the point that most of my friends had already reached at the beginning of the year.
    [Show full text]
  • The Future of the Canadian Energy Industry in a Low Price Commodity Environment
    LSU Journal of Energy Law and Resources Volume 5 Issue 2 Journal of Energy Law & Resources -- Spring 2017 11-20-2017 The Future of the Canadian Energy Industry in a Low Price Commodity Environment Monika U. Ehrman Repository Citation Monika U. Ehrman, The Future of the Canadian Energy Industry in a Low Price Commodity Environment, 5 LSU J. of Energy L. & Resources (2017) Available at: https://digitalcommons.law.lsu.edu/jelr/vol5/iss2/5 This Article is brought to you for free and open access by the Law Reviews and Journals at LSU Law Digital Commons. It has been accepted for inclusion in LSU Journal of Energy Law and Resources by an authorized editor of LSU Law Digital Commons. For more information, please contact [email protected]. The Future of the Canadian Energy Industry in a Low Price Commodity Environment Monika U. Ehrman* INTRODUCTION As wildfires raced across Northern Alberta in May and June 2016, they consumed over 1,930 square miles—almost the size of the State of Delaware or the Canadian province of Prince Edward Island—and displaced over 80,000 residents, mainly in the oilfield town of Fort McMurray. The City of Fort McMurray, Alberta, was once a small community known primarily for its rich natural resources, including fish, rock salt, and timber. In the early 1900s, Canada’s Federal Department of Mines, in conjunction with the University of Alberta, performed separation experiments to extract bitumen1 from the oil-rich sands.2 Decades later, in 1967, the Great Canadian Oil Sands—now Suncor— “proved that bitumen could successfully be removed [from] the oil sand and upgraded the crude oil on a large scale.”3 The commercialization and reserve recognition of the oil sands transformed Canada into the sixth largest oil producer in the world4 and the third largest holder of petroleum reserves, after Venezuela and Saudi Arabia.5 The massive fires, visible even in satellite photos, not only endangered lives and personal property, but also threatened to consume certain oil sands project infrastructure.
    [Show full text]
  • Bilag 3. Negativlister I Relation Til Producenter Af Fossile Brændstoffer M.V. Københavns Kommunes Finansielle Strategi Og Risikopolitik
    Bilag 3. Negativlister i relation til producenter af fossile brændstoffer m.v. Københavns Kommunes finansielle strategi og risikopolitik D. 8. juni 2016 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 Moderselskab / øverste ejer – udstedende selskab 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 Afren PLC Afren PLC Africa Oil Corp Africa Oil Corp AGL Energy Ltd AGL Electricity VIC Pty Ltd AGL Energy Ltd AGL Sales Pty Ltd Victorian Energy Pty Ltd Aker Solutions ASA Akastor ASA Aker Solutions Holding ASA Aker Solutions ASA Alliant Energy Corp Alliant Energy Corp Alliant Energy Resources LLC Interstate Power & Light Co Wisconsin Power & Light Co 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
    [Show full text]
  • The World Oil Market and OPEC: a Structural Econometric Model*
    The World Oil Market and OPEC: A Structural Econometric Model* Khaled H. Kheiravar, C.-Y. Cynthia Lin Lawell, and Amy Myers Jaffe Abstract We develop and estimate a structural econometric model of the dynamic game among petroleum-producing firms making production and investment decisions in the world oil market. Our parsimonious model of the notoriously complex world oil market fares fairly well in assessments of model validity and model fit, particularly for oil producers; and also generates results that align with economic theory and previous assessments of the industry. To further gauge the validity of our parsimonious model and its plausibility for use in approximating the effects of counterfactual scenarios on the short-run evolution of industry, and also to enhance our understanding of OPEC behavior, we use the structural econometric model to analyze the effects of a hypothetical change in OPEC membership on the petroleum industry. Although we do not assume or impose that OPEC producers collude to maximize joint profits, but instead infer the strategy and payoffs for OPEC firms from the data, results show that OPEC behaves in such a way that is consistent with its mission and also with cartel behavior. We find evidence of cost synergies between oil and natural gas production. Our results also suggest that the high fossil fuel subsidies observed in many oil-rich countries may result from state-owned firms maximizing profits and then redistributing some of the profits that they have maximized, rather than from state-owned firms maximizing a weighted sum of profits and consumer surplus in a mixed oligopolistic setting.
    [Show full text]
  • CONSOLIDATED MANAGEMENT REPORT for the Financial Year 2015
    CONSOLIDATED MANAGEMENT REPORT For the financial year 2015 REPSOL S.A. and Investees comprising the Repsol Group Translation of a report originally issued in Spanish. In the event of a discrepancy, the Spanish language version prevails. APPENDIX 1. MAIN EVENTS DURING THE PERIOD....................................................................................................... 3 2. OUR COMPANY............................................................................................................................................... 8 2.1. BUSINESS MODEL ................................................................................................................................. 8 2.2. CORPORATE GOVERNANCE ............................................................................................................. 13 2.3. STRATEGIC PLAN 2016-2020 ............................................................................................................. 16 3. MACROECONOMIC ENVIRONMENT ..................................................................................................... 20 4. RESULTS, FINANCIAL OVERVIEW, AND SHAREHOLDER REMUNERATION ............................. 24 4.1 RESULTS ............................................................................................................................................... 24 4.2. FINANCIAL OVERVIEW ..................................................................................................................... 30 4.3. SHAREHOLDER REMUNERATION ..................................................................................................
    [Show full text]
  • Abstract Registry System Interest Number: SDL042
    Abstract Interest Number: SDL042 Registry System Effective Date: September 24, 1987 Issue Date: September 24, 1987 Previous Interest: EL304 (2,024 hectares, more or less) Significant Discovery Licence Pattern 1 (2,024 hectares, more or less) SDL042 Latitude Longitude Portion Strata: N/A 67° 10' N 125° 45' W Section(s) 51, 61, 71-72 Company Percent 67° 10' N 126° 00' W Section(s) 1-2, 11-12 COLUMBIA GAS DEVELOPMENT OF CANADA 0.56992000 LTD. DOME PETROLEUM LIMITED 26.50934000 GULF CANADA RESOURCES LIMITED 2.20289000 Maligne Resources, a Division of DCP 4.73387000 Canada Inc. Petro-Canada Inc. 56.60868000 Placer Dome Inc. 1.51482000 Sigma Mines (Quebec) Limited 0.37870000 TEXACO CANADA RESOURCES LTD. 2.10061000 TCPL Resources Ltd. 4.73387000 WESTCOAST PETROLEUM LTD. 0.64730000 Prepared July 2, 2020 Page 1 of 3 Abstract Interest Number: SDL042 Registry System Notations Date Registry # Particulars July 20, 1988 880090 Registration of SDL042 May 1, 1989 Amalgamation - Dome & HBOG to Amoco Canada Resources Ltd. August 1, 1989 Name Change - Texaco Canada Resources Ltd. to Esso Resources (1989) Limited February 27, 1991 Name Change - Petro-Canada Inc. to Petro-Canada April 14, 1992 Name Change - Columbia Gas to Anderson Oil & Gas Inc. July 2, 1992 Name Change - Esso Resources Canada Limited to Imperial Oil Resources Limited July 16, 1992 Name Change - Esso Resources (1989) Limited to Imperial Oil Resources Production Limited March 29, 1993 Amalgamation - Imperial Oil Resources Limited & Imperial Oil Resources Production Limited to Imperial Oil Resources Limited September 13, 1993 Amalgamation - Talisman Acquisition Inc., Encor Energy Corporation Inc.
    [Show full text]
  • Fossil Fuel Exploration Subsidies: Indonesia Sam Pickard and Shakuntala Makhijani
    November 2014 Country Study Fossil fuel exploration subsidies: Indonesia Sam Pickard and Shakuntala Makhijani This country study is a background paper to the report The fossil fuel bailout: G20 subsidies for oil, gas and coal by Oil Change International (OCI) and the Overseas Development Institute (ODI). For the purpose of this report, exploration subsidies include: Argentina national subsidies (direct spending and tax expenditures), investment Australia by state-owned enterprises and public finance. The full report Brazil Canada provides a detailed discussion of technical and transparency issues China in identifying exploration subsidies, and outlines the methodology France used in this desk-based study. Germany India The authors would welcome feedback on the full report and on Indonesia Italy this country study, to improve the accuracy and transparency of Japan information on G20 government support to fossil-fuel exploration. Republic of Korea Mexico Russia Saudi Arabia South Africa Turkey United Kingdom United States priceofoil.org odi.org Figure 1. Oil and gas exploration expenditure and reserves in Kegiatan Usaha Hulu Minyak dan Gas Bumi), and coal Indonesia production overseen by the Directorate General of Mineral 2,500 15,000 and Coal. Indonesia’s extractive industries contributed 14,000 (million barrels of oil equivalent) approximately 30% to government revenue in 2011, 2,000 13,000 Oil and gas reserves 12,000 approximately three quarters of which was from exports 1,500 11,000 of oil and gas (Ministry of Energy and Mineral Resources, 10,000 2012). 1,000 9,000 8,000 The production of fossil fuels has shifted significantly 500 7,000 in recent decades in Indonesia.
    [Show full text]
  • Key Companies Active in Alberta Oil Sands
    Key Companies Active in Alberta Oil Sands Crystal Roberts / Kirill Abbakumov CS Calgary - December 2014 Alberta Oil Sands Overview The oil sands comprise more than 98% of Canada’s 173 billion barrels of proven oil reserves. According to Natural Resources Canada, oil sands reserves are spread in 3 distinct areas of northern Alberta that cover a total area of 140,200 km2. The 3 areas are: • Athabasca deposits (largest reserves) • Cold Lake deposit • Peace River deposit Alberta’s heavy oil resources contain 1.7 trillion barrels of oil in place. Some 170 billion barrels of this heavy oil, or bitumen, are rated economically recoverable – making them the world’s 3rd largest crude reserve. Only about 20% of bitumen reserves that lie within 70 m of earth’s surface are economically accessible by open-pit mining, while the remaining 80% are buried too deep be mined and must be recovered in situ (Latin for in place) by drilling wells. This involves much less surface disturbance than mining operations. In 2013, oil sands were recorded to produce 1.95 million barrels per day. According to Canadian Association of Petroleum Producers (CAPP) it is estimated that the oil sands will produce 4.8 barrels per day by 2030. The Canadian oil sands have attracted an estimated $217 billion of capital investment to date, including almost $33 billion in 2013. Currently there are 58 oil sands projects in Alberta that are valued at $5 million or greater, which account for an approximate total value of $109.3 billion. The 10 largest companies are responsible for more than half of oil and gas production in Canada.
    [Show full text]