2013 Financial and Operating Review
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Billing Code: 4310-MR
This document is scheduled to be published in the Federal Register on 02/21/2013 and available online at http://federalregister.gov/a/2013-03994, and on FDsys.gov Billing Code: 4310-MR DEPARTMENT OF THE INTERIOR Bureau of Ocean Energy Management Environmental Documents Prepared for Oil, Gas, and Mineral Operations by the Gulf of Mexico Outer Continental Shelf (OCS) Region AGENCY: Bureau of Ocean Energy Management (BOEM), Interior. ACTION: Notice of the Availability of Environmental Documents Prepared for OCS Mineral Proposals by the Gulf of Mexico OCS Region. SUMMARY: BOEM, in accordance with Federal regulations that implement the National Environmental Policy Act (NEPA), announces the availability of NEPA-related Site-Specific Environmental Assessments (SEAs) and Findings of No Significant Impact (FONSIs). These documents were prepared during the period October 1, 2012, through December 31, 2012, for oil, gas, and mineral-related activities that were proposed in the Gulf of Mexico, and are more specifically described in the Supplementary Information Section of this notice. FOR FURTHER INFORMATION CONTACT: Bureau of Ocean Energy Management, Gulf of Mexico OCS Region, Attention: Public Information Office (GM 250E), 1201 Elmwood Park Boulevard, Room 250, New Orleans, Louisiana 70123-2394, or by calling 1- 800-200-GULF. SUPPLEMENTARY INFORMATION: BOEM prepares SEAs and FONSIs for certain proposals that relate to exploration, development, production, and transport of oil, gas, and mineral resources on the Federal OCS. These SEAs examine the potential environmental effects of proposed activities and present BOEM conclusions regarding the significance of those effects. The SEAs are used as a basis for determining whether or not approval of the proposals constitutes a major Federal action that significantly affects the quality of the human environment in accordance with NEPA Section 102(2)(C). -
Offshore Wind and Hydrogen: Solving the Integration Challenge
OFFSHORE WIND AND HYDROGEN SOLVING THE INTEGRATION CHALLENGE OSW-H2: SOLVING THE INTEGRATION CHALLENGE 1 ACKNOWLEDGMENTS The study was jointly supported by the Offshore Wind Industry Council (OWIC) and Offshore Renewable Energy (ORE) Catapult, and delivered by ORE Catapult. The Offshore Wind Industry Council is a senior Government and industry forum established in 2013 to drive the development of the UK’s world- leading offshore wind sector. OWIC is responsible for overseeing implementation of the UK Offshore Wind Industrial Strategy. ORE Catapult is a not-for-profit research organisation, established in 2013 by the UK Government as one of a network of Catapults in high growth industries. It is the UK’s leading innovation centre for offshore renewable energy and helps to create UK economic benefit in the sector by helping to reduce the cost of offshore renewable energy, and support the growth of the industry. AUTHORS: ANGELIKI SPYROUDI KACPER STEFANIAK DAVID WALLACE STEPHANIE MANN GAVIN SMART ZEYNEP KURBAN The authors would like to thank a number of organisations and stakeholders for their support through Steering Committee and Expert Group meetings or individually. They include, in alphabetical order: Atkins (David Cole), BEIS (Tasnim Choudhury, Simone Cooper Searle, David Curran, Rose Galloway – Green, Fiona Mettam, Alan Morgan, Allan Taylor, Mark Taylor, Rita Wadey, Alex Weir) Committee on Climate Change (Mike Hemsley, David Joffe, Julia King), Crown Estate Scotland (Mark McKean), EDF Energy (David Acres), Energy Systems Catapult (Nick -
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. -
Notice of Application Application No. 1583822
Fifth Avenue Place #400, 425 – 1 Street SW Calgary, Alberta T2P 3L8 Canada NOTICE OF APPLICATION APPLICATION NO. 1583822 IMPERIAL OIL RESOURCES VENTURES LIMITED TRANSMISSION FACILITIES TO SERVE THE KEARL OIL SANDS PROJECT TAKE NOTICE that Imperial Oil Resources Ventures Limited (IORVL) filed an application with the Alberta Utilities Commission (AUC or the Commission) on August 20, 2008 respecting permits and licenses to construct and operate transmission facilities to serve the Kearl Oil Sands Project. Any party having concerns with Application No. 1583822 (the Application) should file an intervention letter with the AUC by 2:30 p.m. on November 17, 2008. If no bona fide objections are received by the above date, the AUC will process the application in accordance with sections 14 and 15 of the Hydro and Electric Energy Act (the Act) without a hearing or other proceeding. Nature of the Application The Kearl Oil Sands Project will be located in the Athabasca oil sands area approximately 70 km north of Fort McMurray. There will be a raw water intake (RWI) station on the Athabasca River banks, approximately 29 kilometres northwest of the main lease area, that will supply water for the Kearl project via a pipeline connecting the RWI and the project’s main plant. This project was the subject of public hearings and subsequently approved by the regulator in 2007. This application is for permits and licenses, pursuant to sections 14 and 15 of the Act, to construct and operate the following transmission facilities to serve the Kearl Oil Sands Project: • The Kearl Main Substation housing 240/72-kV step down transformers; • The Kearl Facility Substation housing 72-kV switchgear; • The Raw Water Intake Substation containing a 72/13.8-kV step down transformer; • A 240-kV transmission line between the Fort Hills Substation and the Kearl Main Substation; • A 72-kV transmission line from the Kearl Main Substation to the Raw Water Intake Substation; and • A 72-kV transmission line from the Kearl Main Substation to the Kearl Facility Substation. -
PUBLICATIONS SPP Briefing Paper
PUBLICATIONS SPP Briefing Paper Volume 11:18 June 2018 THE NORTH WEST REDWATER STURGEON REFINERY: WHAT ARE THE NUMBERS FOR ALBERTA’S INVESTMENT? Brian Livingston SUMMARY Since 2006, the government of Alberta has tried to increase the volume of raw bitumen upgraded and refined in the province. More specifically, the Alberta Petroleum Marketing Commission (APMC) and Canadian Natural Resources Ltd. (CNRL) have entered into agreements with a facility northeast of Edmonton called the North West Redwater (NWR) Sturgeon Refinery. The NWR Sturgeon Refinery is designed to process 79,000 barrels per day (bpd) of feedstock, consisting of 50,000 bpd of bitumen and 29,000 bpd of diluent (referred to as dilbit). The refinery will produce petroleum products consisting of approximately 40,000 bpd of low sulphur diesel, 28,000 bpd of diluent and 13,000 bpd of other lighter petroleum products. It will also be able to capture 1.2 million tonnes per year of carbon dioxide emitted from the refinery’s operations. This captured carbon dioxide will be compressed, put into a pipeline and then injected into an existing oil field in order to achieve increased production of crude oil (referred to as enhanced oil recovery or EOR). It is the first refinery built in Canada since 1984, and the first one in Canada to refine bitumen into petroleum products such as diesel fuel. It differs from the upgrader built in Lloydminster which only upgrades bitumen into synthetic crude oil that requires further refining at a conventional refinery in order to produce petroleum products. This paper gives a description of the structure of this support by APMC and CNRL using a mechanism whereby those two parties agree to enter into tolling agreements to process the diluted bitumen feedstock into refined petroleum products for sale. -
UK Offshore Oil and Gas
House of Commons Energy and Climate Change Committee UK offshore oil and gas First Report of Session 2008–09 Volume II Oral and written evidence Ordered by The House of Commons to be printed date 17 June 2009 HC 341-II Published on date 30 June 2009 by authority of the House of Commons London: The Stationery Office Limited £16.50 The Committee Name The Energy and Climate Change Committee is appointed by the House of Commons to examine the expenditure, administration, and policy of the Department of Energy and Climate Change and associated public bodies. Current membership Mr Elliot Morley MP (Labour, Scunthorpe) (Chairman) Mr David Anderson MP (Labour, Blaydon) Colin Challen MP (Labour, Morley and Rothwell) Nadine Dorries MP (Conservative, Mid Bedfordshire) Charles Hendry MP (Conservative, Wealden) Miss Julie Kirkbride MP (Conservative, Bromsgrove) Anne Main MP (Conservative, St Albans) Judy Mallaber MP (Labour, Amber Valley) John Robertson MP (Labour, Glasgow North West) Sir Robert Smith MP (Liberal Democrats, West Aberdeenshire and Kincardine) Paddy Tipping MP (Labour, Sherwood) Dr Desmond Turner MP (Labour, Brighton Kemptown) Mr Mike Weir MP (Scottish National Party, Angus) Dr Alan Whitehead MP (Labour, Southampton Test) Powers The committee is one of the departmental select committees, the powers of which are set out in House of Commons Standing Orders, principally in SO No 152. These are available on the Internet via www.parliament.uk. Publication The Reports and evidence of the Committee are published by The Stationery Office by Order of the House. All publications of the Committee (including press notices) are on the Internet at www.parliament.uk/parliamentary_committees/ecc.cfm. -
First Pipe Arrives for Nord Stream 2
ISSUE 32 | JUNE 2017 Cover story: First pipe arrives for North Sea resources Interview with SPX Nord Stream 2 update Flow’s Jose Larios Page 20 Page 44 Page 28 CONTENTS STATS GROUP Managing Pressure, Minimising Risk Issue 32 | June 2017 REGULARS INTEGRITY From the editor 4 Best practices in pipeline integrity for gas World wrap 6 pipelines 34 Accurate fatigue assessment for gas Tecno Plug™ News in brief 8 pipeline systems Events update 54 36 Pipelines International is Advertisers’ index 56 SECURITY a proud media partner of Features and deadlines 2017‒18 56 Non-intrusive Inline Isolation Atmos International’s Theft Net IPLOCA NEWS technology 40 Transneft and Technical Productions to RISK MANAGEMENT produce pipeline journal 10 Exciting times for pipeline risk Taper Lock Grips Mitigating the risk of ‘pipe walking’ 12 Self-Energisation management 42 UNPIGGABLE PIPELINES INTERVIEW Unpiggable Pipeline Solutions Forum 14 Pipeline people: Jose Larios 44 Using MFL-equipped robotic unit to Five minutes with NDT Global’s assess an unpiggable pipeline 16 John Fallon 45 REGION IN FOCUS COMPANY NEWS The North Sea 20 ISSUE 32 | JUNE 2017 Clock Spring’s new look and management team PIGGING & ILI 46 POSCO and ExxonMobil pipeline Impact of crack profiles on production partnership 48 pipeline integrity 22 Isolating and pigging a 36 inch trunkline 26 EVENTS PPIM marks 29th year with biggest Cover story: First pipe arrives for North Sea resources Nord Stream 2 Interview with SPX update PROJECTS Page 28 Flow’s Jose Larios Page 20 show to date 50 Page 44 Nord -
UNITED STATES DISTRICT COURT NORTHERN DISTRICT of TEXAS DALLAS DIVISION SARAH VON COLDITZ, Derivatively on Behalf of EXXON MOBIL
Case 3:19-cv-01067 Document 1 Filed 05/02/19 Page 1 of 142 PageID 1 UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF TEXAS DALLAS DIVISION SARAH VON COLDITZ, Derivatively on ) Case No. Behalf of EXXON MOBIL ) CORPORATION, ) ) VERIFIED SHAREHOLDER Plaintiff, ) DERIVATIVE COMPLAINT FOR v. ) VIOLATIONS OF THE FEDERAL ) SECURITIES LAWS, BREACH OF DARREN W. WOODS, ANDREW P. ) FIDUCIARY DUTY, WASTE OF SWIGER, DAVID S. ROSENTHAL, ) CORPORATE ASSETS, AND UNJUST JEFFREY J. WOODBURY, STEVEN S. ) ENRICHMENT REINEMUND, MICHAEL J. BOSKIN, ) SAMUEL J. PALMISANO, KENNETH C. ) FRAZIER, URSULA M. BURNS, ) HENRIETTA H. FORE, WILLIAM C. ) WELDON, REX W. TILLERSON, ) WILLIAM W. GEORGE, LARRY R. ) FAULKNER, DOUGLAS R. ) OBERHELMAN, and PETER BRABECK- ) LETMATHE, ) ) Defendants, ) -and- ) ) EXXON MOBIL CORPORATION, a New ) Jersey corporation, ) ) Nominal Defendant. ) ) ) ) ) DEMAND FOR JURY TRIAL Case 3:19-cv-01067 Document 1 Filed 05/02/19 Page 2 of 142 PageID 2 TABLE OF CONTENTS Page I. NATURE AND SUMMARY OF THE ACTION ...............................................................1 II. JURISDICTION AND VENUE ........................................................................................10 III. THE PARTIES...................................................................................................................11 A. Plaintiff ..................................................................................................................11 B. Nominal Defendant ................................................................................................11 -
3. Energy Reserves, Pipeline Routes and the Legal Regime in the Caspian Sea
3. Energy reserves, pipeline routes and the legal regime in the Caspian Sea John Roberts I. The energy reserves and production potential of the Caspian The issue of Caspian energy development has been dominated by four factors. The first is uncertain oil prices. These pose a challenge both to oilfield devel- opers and to the promoters of pipelines. The boom prices of 2000, coupled with supply shortages within the Organization of the Petroleum Exporting Countries (OPEC), have made development of the resources of the Caspian area very attractive. By contrast, when oil prices hovered around the $10 per barrel level in late 1998 and early 1999, the price downturn threatened not only the viability of some of the more grandiose pipeline projects to carry Caspian oil to the outside world, but also the economics of basic oilfield exploration in the region. While there will be some fly-by-night operators who endeavour to secure swift returns in an era of high prices, the major energy developers, as well as the majority of smaller investors, will continue to predicate total production costs (including carriage to market) not exceeding $10–12 a barrel. The second is the geology and geography of the area. The importance of its geology was highlighted when two of the first four international consortia formed to look for oil in blocks off Azerbaijan where no wells had previously been drilled pulled out in the wake of poor results.1 The geography of the area involves the complex problem of export pipeline development and the chicken- and-egg question whether lack of pipelines is holding back oil and gas pro- duction or vice versa. -
Norwegian Petroleum Technology a Success Story ISBN 82-7719-051-4 Printing: 2005
Norwegian Academy of Technological Sciences Offshore Media Group Norwegian Petroleum Technology A success story ISBN 82-7719-051-4 Printing: 2005 Publisher: Norwegian Academy of Technological Sciences (NTVA) in co-operation with Offshore Media Group and INTSOK. Editor: Helge Keilen Journalists: Åse Pauline Thirud Stein Arve Tjelta Webproducer: Erlend Keilen Graphic production: Merkur-Trykk AS Norwegian Academy of Technological Sciences (NTVA) is an independent academy. The objectives of the academy are to: – promote research, education and development within the technological and natural sciences – stimulate international co-operation within the fields of technology and related fields – promote understanding of technology and natural sciences among authorities and the public to the benefit of the Norwegian society and industrial progress in Norway. Offshore Media Group (OMG) is an independent publishing house specialising in oil and energy. OMG was established in 1982 and publishes the magazine Offshore & Energy, two daily news services (www.offshore.no and www.oilport.net) and arranges several petro- leum and energy based conferences. The entire content of this book can be downloaded from www.oilport.net. No part of this publication may be reproduced in any form, in electronic retrieval systems or otherwise, without the prior written permission of the publisher. Publisher address: NTVA Lerchendahl gaard, NO-7491 TRONDHEIM, Norway. Tel: + (47) 73595463 Fax: + (47) 73590830 e-mail: [email protected] Front page illustration: FMC Technologies. Preface In many ways, the Norwegian petroleum industry is an eco- passing $ 160 billion, and political leaders in resource rich nomic and technological fairy tale. In the course of a little oil countries are looking to Norway for inspiration and more than 30 years Norway has developed a petroleum guidance.