scholarly journals Risk Allocation Provisions in Energy Industry Agreements: Are We Getting it Right?

2011 ◽  
Vol 49 (2) ◽  
pp. 339
Author(s):  
Nick Kangles ◽  
R Ben Rogers ◽  
Zahra Allidina ◽  
Chris Harris
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Energy Industry ◽  
Risk Allocation ◽  
Gas Industry ◽  
Legal Principles

After reviewing a number of Canadian legal principles relating to indemnities, this article reviews risk allocation provisions used in certain segments of the oil and gas industry in Canada with a view to exploring the rationale behind the use of different risk allocation regimes and combinations thereof, and constraints to the enforceability of such provisions. The authors then discuss select issues that should be taken into account when reviewing, negotiating, and drafting these types of provisions.

EPCM contracting: clearing the minefield

2014 ◽  
Vol 54 (1) ◽  
pp. 231
Author(s):  
Julie Whitehead ◽  
Karen Walters
Keyword(s):  
Construction Management ◽  
Oil And Gas ◽  
Standard Form ◽  
Oil And Gas Industry ◽  
Project Delivery ◽  
Risk Allocation ◽  
Infrastructure Projects ◽  
Gas Industry ◽  
Optimum Performance ◽  
The Past

The past year has seen a downturn in the number of new mining and infrastructure projects in Australia. Despite that, the authors are noticing a continuation of the trend towards a greater use of engineering, procurement and construction management (EPCM) style contracting. The increased use of EPCM contracts is in part due to projects becoming larger and more complex. As these projects can only be delivered by multiple contractors who all seek to limit their liability, the EPCM contract offers a useful framework for coordinating and managing those contractors, and maximising the owner’s recourse to them. This is particularly so in the oil and gas industry, with many projects using this form of project delivery. As there is no standard-form EPCM contract, however, and given the complex technical nature of these types of projects, negotiating an EPCM contract can be fraught with danger, especially for owners who may not have used this style of contract before. This paper discusses the unique characteristics of the EPCM contract (particularly in contrast to the engineering, procurement and construction style contract), the typical risk allocation, and the creative use of compensation and incentive regimes to drive optimum performance. The EPCM model is not suited to all projects, but if it is appropriately negotiated and drafted, and is well managed by an appropriately skilled and resourced owner’s team, it can provide a platform for excellence in project delivery.

Energy Industry Offers Limitless Opportunities for Technical Professionals

2007 ◽  
Vol 01 (01) ◽  
pp. 4-5
Author(s):  
Stuart R. McGill
Keyword(s):  
Oil And Gas ◽  
Driving Forces ◽  
Oil And Gas Industry ◽  
Active Role ◽  
Energy Industry ◽  
Gas Industry ◽  
The People ◽  
Energy Needs ◽  
Open Work ◽  
Technical Professionals

Executive Perspective - Talent and technology will be the driving forces of innovation and ingenuity that propel the oil and gas industry forward. The industry must take an active role in ensuring that organizations have access to the people and tools that can satisfy the world's energy needs. That means supporting education in the technical sciences and creating productive, open work cultures.

The Future of the Oil and Gas Industry in Venezuela in the Years to Come amidst a Challenging Environment of Economic Sanctions, World Recession, a Pandemic, and the Energy Transition

2020 ◽  
Vol 1 (2) ◽  
pp. 194-199
Author(s):  
Simon Herrera Celis ◽  
Jesús A. García-Arenas
Keyword(s):  
Oil And Gas ◽  
Energy Transition ◽  
Oil And Gas Industry ◽  
Energy Industry ◽  
Gas Industry ◽  
New Public ◽  
Private Investments ◽  
The Future ◽  
Challenging Environment ◽  
To Come

This essay concisely explains the complex condition of the Venezuelan oil and gas industry and its legal, political, and financial hurdles, exploring what has been the history and context in which the COVID-19 pandemic arrived. Building on a complicated global situation surrounded by the pandemic, it asks and gives answers to: What could be expected to recover an economy dependent on the energy industry, based on an evaluation of legislation in force, its impact on private investments and an appraisal of bills and restructuring projects. Arguments were divided into the current situation, national and international actions for restructuring the oil industry, and the future of the national oil company. The analysis suggests that great changes are necessary for the future of the Venezuelan energy industry with a new public policy agenda mainly driven by private investments, while the energy transition has already started. The conclusion indicates that it is mandatory to assume the recovery of the traditional hydrocarbons sector in Venezuela to point the industry in the transition to decarbonized energy sources, in a world that is struggling with COVID-19.

scholarly journals The Oil & (and) Gas Industry and Land Use Issues in British Columbia

1994 ◽  
pp. 203
Author(s):  
John L. Fingarson ◽  
Robert R. Shouldice
Keyword(s):  
Land Use ◽  
British Columbia ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Provincial Government ◽  
Energy Industry ◽  
Gas Industry ◽  
Policy Initiatives ◽  
The Government ◽  
The Impact

This article provides an overview of the impact of environmental, land use and project review procedures on the regulation of the oil and gas industry in British Columbia. This article discusses the uncertainty that has been created in the industry from the implementation of provincial government land use, project review and environmental policy initiatives. The authors are of the view that the energy industry must actively participate in the processes introduced by the government if it wishes to ensure that its future in British Columbia is properly looked after. The article chronicles developments up to mid-July 1993.

Inaugural Energy in Data event set to drive O&G digital transformation

2019 ◽  
Vol 38 (4) ◽  
pp. 306-306
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Digital Transformation ◽  
Energy Industry ◽  
Gas Industry ◽  
Professional Societies

This June, three professional societies representing three major disciplines within the oil and gas industry will come together in the Silicon Hills of Texas to adapt, adopt, and advance digital transformation in the energy industry.

Effective Taxation Mechanism and Profitability in Fuel and Energy Industry: Case Study of Selected Oil and Gas Companies in Uzbekistan

2017 ◽  
Vol 4 (1) ◽  
pp. 29-33
Author(s):  
Sherzod Jalilov
Keyword(s):  
World Economy ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Energy Industry ◽  
Gas Industry ◽  
Optimal Balance ◽  
Oil And Gas Companies ◽  
The Impact ◽  
Model Based Analysis

Fuel and energy industry rules one of the well-positioned markets in the world economy which supplies planet’s most needed and limited resources with evergrowing demands. Being a marketable supplier and leading movement of large flows of capital requires being surely treated as a leading investor, employer, and taxpayer. Taxation of fuel and energy industry, especially oil and gas industry has been an irreplaceable source of revenue for oil and gas exporting economies. New taxation rules, methods, and types have been regularly introduced to keep an optimal balance between government and company to keep both fiscal and corporate stability. However, taxation always does not stimulate corporate stability and in most cases hinders expansion. Changes in taxation directly effect in profitability and perspectives of the company. This paper examined the impact of taxation on the profitability of oil and gas companies in Uzbekistan. Model-based analysis proved that tax factors negatively influenced the profitability of selected oil and gas companies.

Application of Nanotechnology for Enhanced Oil Recovery: A Review

2016 ◽  
Vol 367 ◽  
pp. 149-156 ◽  
Author(s):  
M. Sabet ◽  
S.N. Hosseini ◽  
A. Zamani ◽  
Z. Hosseini ◽  
H. Soleimani
Keyword(s):  
Enhanced Oil Recovery ◽  
Oil Recovery ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Energy Industry ◽  
Gas Industry ◽  
Rock Types ◽  
Method Effects ◽  
Exploration Drilling ◽  
Significant Factors

Nanotechnology has significant contributions on developing modern industries, such as electronics, biomedical, materials, manufacturing, and energy industry. The changes introduced by nanotechnology, have currently extended to several areas for oil and gas industry, namely exploration, drilling, production, refining and enhanced oil recovery (EOR). This study focuses on attraction to the worldwide attention of nanotechnology and how this method effects oil breakthrough and improves EOR. This Study also implies that parameters such as rock types, crude oil types, nanoparticle types, concentrations, and sizes, have significant factors on recovery factor (RF) through improving key-parameters such as oil relative permeability, interfacial tension (IFT), wettability, transmissibility and particles retention.

Engaged and energized in the Energy industry

2016 ◽  
Vol 4 (3) ◽  
pp. 345-379 ◽  
Author(s):  
Reimara Valk ◽  
Sandra Hannon
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Energy Industry ◽  
Line Managers ◽  
Gas Industry ◽  
Content Type ◽  
Organisational Context ◽  
The Individual ◽  
Integration Stage

Purpose The purpose of this paper is to explore engagement of flexpatriates on rotational and regular field assignments in the energy industry, theoretically grounded in the “Four Fundamental Pillars of Engagement”. Design/methodology/approach In an exploratory case study within a global organisation in the energy industry, in a post-merger/acquisition integration stage, the authors interviewed 24 rotational and regular field assignees of seven different nationalities, residing at nine different global locations. Findings The results of the case study show that the following newly identified drivers within the “Four Fundamental Pillars of Engagement” are crucial for engagement of flexpatriate rotational and regular field assignees in the energy industry: information, communication and technology; training, learning and growth; support from colleagues and line managers (“capacity to engage”); job ownership/control; respect, recognition and appreciation (“reason to engage”); freedom to be creative and innovative; pride and promises; client satisfaction (“freedom to engage”); alignment between the organisation and the individual (“alignment to engage”), especially in a post-merger and acquisition (M&A) organisational context during a downturn in the oil and gas industry. Research limitations/implications The case study focused on rotational assignees from one particular organisation in the energy industry, which restricts the generalisability of the findings on engagement of rotational assignees to other organisations, industries and geographies. Practical implications Organisations in the energy industry that actively promote engagement of rotational assignees, especially during the post-M&A integration stage and economic turmoil, will strengthen their sustainable global competitive advantage. Originality/value The contribution of this paper is that it presents a refinement and expansion of the drivers of engagement within the “Four Fundamental Pillars of Engagement”, conceptualised in an international post-M&A organisational context during a downturn in the oil and gas industry.

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