Geomatics in PETRONAS
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Recent Crude Oil Price Dynamics, PETRONAS and Malaysia
Recent crude oil price dynamics, PETRONAS and Malaysia Lim Kim-Hwa [email protected] Tim Niklas Schoepp [email protected] 23 January 2015 Executive Summary Since PETRONAS contributed RM73.4 billion (30% of the Malaysian government’s expenditure) in 2013, the recent crude oil price fall has profound implications. The commodity effect will mean lower revenue and profits. However, this effect is cushioned by the depreciating USDMYR. This report aims to evaluate the likely price range of crude oil in 2015 and shows the possible impact on PETRONAS under different circumstances. With contained geo-political risks, global crude oil oversupply, slower global economic growth and cost factors that favour continuous production rather than cuts, crude oil is likely to trade between USD40 – 70 per barrel. Using the Annual Reports of PETRONAS, we estimated that: • If USDMYR depreciates slightly to 3.75 and crude oil trades at USD55 per barrel in 2015, PETRONAS’ profitability (as measured EBITDA) might fall to RM72 billion; and dividends might fall to RM19 billion (vs. RM123 billion and RM27 billion respectively in 2013); • In a rosy case (where crude oil trades at USD70 per barrel and USDMYR trades at 4), PETRONAS’ EBITDA would fall to RM98 billion but RM26 billion dividends payment might be possible; • In a bad case (where crude oil trades at USD40 per barrel and USDMYR trades at 3.5), PETRONAS’ EBITDA would fall to RM49 billion and dividends might fall by half to RM13 billion. • Some PETRONAS assets might be impaired, in particular those that were purchased when crude oil price was trading at over USD100 per barrel. -
Murphy-Oil-Corp-4Q-2020-Earnings
2020 FOURTH QUARTER EARNINGS CONFERENCE CALL & WEBCAST JANUARY 28, 2021 ROGER W. JENKINS PRESIDENT & CHIEF EXECUTIVE OFFICER www.murphyoilcorp.com NYSE: MUR 0 Cautionary Statement & Investor Relations Contacts Cautionary Note to US Investors – The United States Securities and Exchange Commission (SEC) requires oil and natural gas companies, in their filings with the SEC, to disclose proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We may use certain terms in this presentation, such as “resource”, “gross resource”, “recoverable resource”, “net risked PMEAN resource”, “recoverable oil”, “resource base”, “EUR” or “estimated ultimate recovery” and similar terms that the SEC’s rules prohibit us from including in filings with the SEC. The SEC permits the optional disclosure of probable and possible reserves in our filings with the SEC. Investors are urged to consider closely the disclosures and risk factors in our most recent Annual Report on Form 10-K filed with the SEC and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC’s website. Forward-Looking Statements – This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as “aim”, “anticipate”, “believe”, “drive”, “estimate”, “expect”, “expressed confidence”, “forecast”, “future”, “goal”, “guidance”, “intend”, “may”, “objective”, “outlook”, “plan”, “position”, “potential”, “project”, “seek”, “should”, “strategy”, “target”, “will” or variations of such words and other similar expressions. -
LNG Review February 2020 - Recent Issues and Events - Hiroshi Hashimoto∗
IEEJ:March 2020 © IEEJ2020 LNG Review February 2020 - Recent issues and events - Hiroshi Hashimoto∗ Introduction Signs of bearishness in the LNG industry were observed on February 2020. The new coronavirus is expected to slash gas demand in China and then Japan. The author estimates that the cumulative demand reduction in China would be more than 3 million tonnes of LNG equivalent for the first three months of the year. It is still too early to assess the quantitative impact the Japanese market. But even before the coronavirus crisis, Japan's LNG import in January 2020 was 7.513 million tonnes, smaller than the same month in 2012 for thirteen straight months and smaller than the same month one year earlier for four straight months. The five biggest international upstream - also the biggest in the LNG industry - majors reported their respective 2019 performances, which all included decline in profits, compared to one year earlier. In terms of gas production, the Energy Information Administration (EIA) of the United States expects in its STEO (Short-term Energy Outlook) dry gas production in the country to fall from an estimated 95.4 Bcf/d in January to 92.5 Bcf/d in December 2020 and in 2021 to stabilize at an annual average of 92.6 Bcf/d (703 million tonnes per year), a 2% decline from 2020 (94.2 Bcf/d), which would be the first decline in annual average natural gas production since 2016. Some players may respond to their favourable conditions in the market. Some LNG importers in India issued a string of tenders seeking to buy tens of cargoes on the short-term basis. -
Our Activities in QATAR TOTAL in QATAR Al Fardan Towers, 61, Al Funduq Street, West Bay
Our activities in QATAR TOTAL IN QATAR Al Fardan Towers, 61, Al Funduq Street, West Bay. P.O. Box 9803, Doha, Qatar [email protected] www.total.qa TotalQatar Total_QA OUR ACTIVITIES IN QATAR 30% SHAREHOLDER SHAREHOLDER 20% SHAREHOLDER IN NORTH OIL IN QATARGAS, IN QAPCO, FORGING A PARTNERSHIP COMPANY, THE OPERATOR THE LARGEST LNG ONE OF THE OF QATAR’S LARGEST PRODUCER WORLD’S LARGEST LDPE OF OVER 80 YEARS OFFSHORE OIL FIELD IN THE WORLD PRODUCTION SITES Qatar plays an important part in Total’s Our sustainability strategy is therefore history and in our future. Our longstanding established through the active involvement presence in this country is testimony to of our stakeholders. the special partnership that we share. Total has been active in all areas of Qatar’s oil We hope to contribute to positive developments and gas sector - from exploration and in the State of Qatar, not only through our production, to refining, petrochemicals, economic activities, but also through initiatives and marketing of lubricants. that focus on the citizens and residents of the country. We work closely with all our stakeholders 2 to ensure that our activities consistently Qatar has one of the highest growth rates deliver economic growth alongside societal in the world, which has given us opportunities and environmental initiatives. We have to create and support ambitious projects, 37 placed corporate social responsibility at and this has enabled us to fulfill the commitment the heart of our business. that Total has made to the society. All our accomplishments have been achieved due to the strong dedication, and team work of our people, who embody our corporate values. -
Indonesia's Pertamina to Sign Agreement with Petronas 19:04, August 06, 2007
Indonesia's Pertamina to sign agreement with Petronas 19:04, August 06, 2007 Indonesia's state-owned oil and gas company Pertamina will likely sign a joint venture agreement with its Malaysian and Vietnamese counterparts later this month to jointly explore and develop hydrocarbon resources, local press said Monday. Pertamina and Malaysia's Petronas and PetroVietnam recently have finalized negotiations on joint exploration in Randu Gunting block in East Java, which is estimated to contain 600 million barrels of oil and 1.7 trillion cubic feet of gas, reported English daily The Jakarta Post. The three parties will establish a joint venture company, called the PCPP Joint Operating Company, to operate the block, it said. Pertamina will have a 40 percent interest in the joint venture firm, while Petronas and PetroVietnam hold a 30 percent stake each, it said, quoting Pertamina president director Ari Sumarno. In early 2002, Pertamina, Petronas and PetroVietnam signed a Tripartite Cooperation Arrangement to jointly explore oil and gas in their respective countries as part of an economic cooperation under the 10-member Association of Southeast Asian Nations. As part of the tripartite deals, the three companies had agreed to jointly develop oil blocks in Malaysia and Vietnam. An agreement signed in 2002 set up the development of Block 10 and 11.1 in offshore Vietnam and in June 2003, they signed another agreement to develop hydrocarbon resources in Block SK305 in offshore Sarawak, Malaysia and the Randu block in Indonesia. The negotiation to carry out a joint exploration in Indonesia had been stalled because of the Malaysian and Vietnamese companies ' opposition to the production sharing scheme (PSC) applied by Indonesia. -
Qatar Petroleum
Qatar Petroleum 1. Strategy: Strategy is the direction and scope of an organization over the long-term: which achieves advantage for the organization through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfill stakeholder expectations. And Strategic Management can be defined as (1) the art and science of formulating, (2) implementing, and (3) evaluating cross-functional decisions that enable an organization to achieve its objectives. 2. Most Strategic Management Model: 1. PEST analysis 2. STEER Analysis 3. Five Forces Model 4. Strategic Group Map 5. SWOT analysis 6. Blue Ocean Strategies 7. Open innovation 8. seven S model 1) PEST Analysis: PEST analysis stands for "Political, Economic, Social, and Technological analysis" and describes a framework of macro-environmental factors used in the environmental scanning component of strategic management. 2. STEER Analysis: STEER analysis systematically considers Socio-cultural, Technological, Economic, Ecological, and Regulatory factors. Qatar Petroleum | 1 3. Five Forces Model: a) Supplier Power: b) Buyer Power: c) New Market Entrants: d) Product and Technology Development: e) Competitive Rivalry: 4) Strategic Group Map: 1. Extent of product (or service) diversity. 2. Extent of geographic coverage. 3. Number of market segments served. 4. Distribution channels used. 5. Extent of branding. 6. Marketing effort. 7. Product (or service) quality. 8. Pricing policy. 5) SWOT Analysis • Strengths: characteristics of the business or team that give it an advantage over others in the industry. • Weaknesses: are characteristics that place the firm at a disadvantage relative to others. • Opportunities: external chances to make greater sales or profits in the environment. -
Royal Dutch Shell Report on Payments to Governments for the Year 2018
ROYAL DUTCH SHELL REPORT ON PAYMENTS TO GOVERNMENTS FOR THE YEAR 2018 This Report provides a consolidated overview of the payments to governments made by Royal Dutch Shell plc and its subsidiary undertakings (hereinafter refer to as “Shell”) for the year 2018 as required under the UK’s Report on Payments to Governments Regulations 2014 (as amended in December 2015). These UK Regulations enact domestic rules in line with Directive 2013/34/EU (the EU Accounting Directive (2013)) and apply to large UK incorporated companies like Shell that are involved in the exploration, prospection, discovery, development and extraction of minerals, oil, natural gas deposits or other materials. This Report is also filed with the National Storage Mechanism (http://www.morningstar.co.uk/uk/nsm) intended to satisfy the requirements of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority in the United Kingdom This Report is available for download from www.shell.com/payments BASIS FOR PREPARATION - REPORT ON PAYMENTS TO GOVERNMENTS FOR THE YEAR 2018 Legislation This Report is prepared in accordance with The Reports on Payments to Governments Regulations 2014 as enacted in the UK in December 2014 and as amended in December 2015. Reporting entities This Report includes payments to governments made by Royal Dutch Shell plc and its subsidiary undertakings (Shell). Payments made by entities over which Shell has joint control are excluded from this Report. Activities Payments made by Shell to governments arising from activities involving the exploration, prospection, discovery, development and extraction of minerals, oil and natural gas deposits or other materials (extractive activities) are disclosed in this Report. -
Sustainability Report 2011.Pdf
SUSTAINABILITY report Home / Sustainability Sustainability Sustainability performance for Statoil means helping to meet the world's growing energy needs in economically, environmentally and socially responsible ways. Sustainability is no longer just about doing innovation and business development. One constitutes part of our licence to operate, business responsibly - it is also about of Statoil's strategic beliefs is that being an but also gives us a competitive edge in a seeing social and sustainability challenges industry leader in HSE and carbon resources-constrained world. as opportunities for efficiency not only Home / Sustainability / The context of our reporting The context of our reporting The point of departure in our sustainability reporting is our management approach and our reporting requirements. OUR MANAGEMENT APPROACH At Statoil, the way we deliver is Although we believe impact of our activities and as important as what we deliver. sustainability should be products on the environment This is the first part of company considered in its broadest People and the group - and policy a new employee is likely context, we have grouped our efforts to respect to encounter. It is a belief that is articles into sections in order to individuals, help others to reflected in our performance assist reading. The first section succeed and contribute to a management and risk describes the context of our positive working environment management systems. These reporting and the management policies serve as the framework approach and governance Society - and our efforts to act for the numerous procedures structure that relate to within the law and in and ambitions described environmental and social accordance with our own throughout this report. -
National Oil Companies... 16/17 November 2005
Global Energy, Utilities & Mining Conference National Oil Companies... 16/17 November 2005 PwC Introducing the NOCs… 8 slides, 15 minutes The resource position… The players… The trends… The challenges and issues… 2005 Global Energy, Utilities & Mining Conference Page 2 PricewaterhouseCoopers 16/ 17 November 2005 2004 Oil Reserves…who controls them? Not the 30 countries of the Organization for Economic Co-operation and Development OECD 7% State and National Oil Companies 93% From Oil & Gas Journal 2005 Global Energy, Utilities & Mining Conference Page 3 PricewaterhouseCoopers 16/ 17 November 2005 2004 Oil Reserves of Top 20 Companies… Representing nearly 90% of the world’s proven reserves ExxonMobil 1%, ChevronTexaco 1%, BP 1% Kazakhstan 1% Sonangol 1% Sonatrach 1% Yukos 1% PetroBras 1% Qatar Petroleum 1.5% Pemex 1.5% Lukoil 2% Chinese National Petroleum Corp 2% Nigerian National Petroleum Corp 4% Saudi Aramco 26% National Oil Company of Libya 4% PdVSA 8% National Iranian Oil Company 13% Abu Dhabi National Oil Company 9% Kuwait Petroleum Corporation 10% Iraq National Oil Company 11% From Oil and Gas Journal, BP Statistical Review of World Energy, OPEC Annual Statistical Bulletin 2005 Global Energy, Utilities & Mining Conference Page 4 PricewaterhouseCoopers 16/ 17 November 2005 2004 Figures for Reserves and Production… Supermajors share…oil 3%, gas 2% production 20% # Oil Reserves Gas Reserves Oil Production Billions bbls Tcf Millions bbls/yr 1 Saudi Arabia 262 Gazprom 1008 Saudi Arabia 3247 2 Iran 132 Iran 976 Iran 1399 3 Iraq 115 Qatar -
May 2, 2016 Brent J. Fields Secretary Securities and Exchange
May 2, 2016 Brent J. Fields Secretary Securities and Exchange Commission 100 F Street NE Washington, DC 20549–1090 Via Email: [email protected] Re: Royal Dutch Shell publishes payments by project in all countries of operation, and further evidence that extractive project contracts in Qatar allow disclosure (Proposed Rule, Disclosure of Payments by Resource Extraction Issuers, File Number, S7–25–15, Release No. 34-76620) Dear Chair White and Commissioners: As you work on the final rule to implement Section 1504 of the Dodd-Frank Act, we write to provide additional evidence further demonstrating that neither foreign laws nor contractual secrecy provisions prohibit issuers from making the disclosures required by Section 13(q). First, attached to this letter is a copy of Royal Dutch Shell’s (“Shell”) report on project-level payments to governments, including payments made in China and Qatar, which was published in April 2016, in compliance with the United Kingdom’s regulations implementing the European Union (EU) Accounting Directive. Second, this letter provides additional evidence that foreign extractive companies’ contracts in Qatar regularly contain carve out provisions permitting issuers to comply with their legal and regulatory obligations by disclosing information that might otherwise be considered confidential. The !merican Petroleum Institute (“!PI”) originally claimed that four countries – Cameroon, Angola, Qatar and China – might have laws prohibiting Section 13(q) disclosures, and thus OXFAM AMERICA 1100 15TH STREET, NW SUITE 600 WASHINGTON, DC 20005 TEL +1 (202) 496 1180 FAX +1 (202) 496 1190 www.oxfamamerica.org required blanket exemptions/ In denying !PI’s request for a stay of the 2012 Final Rule pending litigation, the Commission concluded that the evidence supporting those claims was “unpersuasive/”1 No additional evidence of any disclosure prohibitions has been submitted since then. -
Mexico's Deep Water Success
Energy Alert February 1, 2018 Key Points Round 2.4 exceeded expectations by awarding 18 of 29 (62 percent) of available contract areas Biggest winners were Royal Dutch Shell, with nine contract areas, and PC Carigali, with seven contract areas Investments over $100 billion in Mexico’s energy sector expected in the upcoming years Mexico’s Energy Industry Round 2.4: Mexico’s Deep Water Success On January 31, 2018, the Comisión Nacional de Hidrocarburos (“CNH”) completed the Presentation and Opening of Bid Proposals for the Fourth Tender of Round Two (“Round 2.4”), which was first announced on July 20, 2017. Round 2.4 attracted 29 oil and gas companies from around the world including Royal Dutch Shell, ExxonMobil, Chevron, Pemex, Lukoil, Qatar Petroleum, Mitsui, Repsol, Statoil and Total, among others. Round 2.4 included 60% of all acreage to be offered by Mexico under the current Five Year Plan. Blocks included 29 deep water contract areas (shown in the adjacent map) with an estimated 4.23 billion Barrel of Oil Equivalent (BOE) of crude oil, wet gas and dry gas located in the Perdido Fold Belt Area, Salinas Basin and Mexican Ridges. The blocks were offered under a license contract, similar to the deep water form used by the CNH in Round 1.4. After witnessing the success that companies like ENI, Talos Energy, Inc., Sierra and Premier have had in Mexico over the last several years, Round 2.4 was the biggest opportunity yet for the industry. Some of these deep water contract areas were particularly appealing because they share geological characteristics with some of the projects in the U.S. -
Qatar Fast Facts Occidental Petroleum
Qatar Fast Facts Occidental Petroleum Occidental’s Idd El Shargi North Dome operations, Offshore Qatar. More than Two Decades Partner of Choice® Occidental has worked with Qatar Petroleum since 1994 to Occidental is committed to providing safe, healthy and secure develop and operate offshore oil fields. Occidental also workplaces; protecting the environment; maintaining high participates in Dolphin Energy, the premier transborder natural ethical standards; upholding and promoting human rights; and gas project in the Middle East. respecting cultural norms and values, everywhere we operate. Second-Largest Offshore Oil Producer National Vision 2030 Occidental is the second-largest oil producer offshore, where Occidental is committed to the Government of Qatar’s National the company operates Idd El Shargi North Dome and Idd El Vision 2030, supporting the long-term sustainable development of the country’s economy and citizens. Shargi South Dome. EOR Leader Qatarization Commitment Occidental supports Qatari employees’ growth and Occidental is extending the life of Qatar’s oil fields with development through Qatarization and succession planning largescale waterflooding and other enhanced oil recovery (EOR) projects, combined with state-of-the-art horizontal drilling, programs, with the objective of increasing its Qatari leadership. advanced completion techniques and extensive automated In-Country Value artificial lift systems. Occidental’s In-Country Value (ICV) strategy supports 400% Production Boost employment of Qatari nationals and the development of Qatari Since beginning operations in 1994, Occidental has boosted goods and services, with the goal of strengthening the local production from the Idd El Shargi Fields by more than 400 market. percent. In 2017, Occidental lifted the one billionth barrel of oil SME Development from these fields.