scholarly journals Securities Aspects of Specialized Financing

1981 ◽  
Vol 19 (1) ◽  
pp. 43
Author(s):  
Bruce R. Libin
Keyword(s):  
Joint Ventures ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Securities Law ◽  
Flow Through ◽  
Limited Partnerships ◽  
Capital Intensive ◽  
Equity Securities

This paper reviews the securities aspects of specialized financing that is, increasingly, required to mount the capital-intensive projects being un dertaken by the oil and gas industry. It reviews selected aspects of securities law, and factors to consider in the utilization of the "quasi-equity' securities of joint ventures, 'deduction flow-through* share offerings, and limited partnerships.

scholarly journals An Overview of the New Competition Law: Issues for the Oil and Gas Industry

1987 ◽  
Vol 26 (1) ◽  
pp. 59
Author(s):  
Lawson A. W. Hunter ◽  
John F. Blakney
Keyword(s):  
Joint Ventures ◽  
Oil And Gas ◽  
Competition Law ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Dominant Position ◽  
Abuse Of Dominant Position ◽  
Restraint Of Trade

This paper reviews the major changes to Canada's competition law enacted in 1986, including new merger and abuse of dominant position provisions, the establishment of a Competition Tribunal, mandatory pre-notification of certain transactions, and revisions of the prohibition against agreements in restraint of trade. Special attention is given to joint ventures, export agreements and vertically integrated resource companies.

How to avoid aches and pains in your joint ventures

2016 ◽  
Vol 56 (2) ◽  
pp. 559
Author(s):  
Brent Steedman
Keyword(s):  
Joint Ventures ◽  
Joint Venture ◽  
Oil And Gas ◽  
Cost Savings ◽  
Oil And Gas Industry ◽  
Capital Allocation ◽  
Operating Efficiency ◽  
Global Business ◽  
Gas Industry ◽  
The Right

The Australian oil and gas industry is in a period of substantial challenges, including a significant decline in oil prices, fluctuating spot gas prices, a relentless drive for operating efficiency, and tight capital allocation, together with increased regulatory scrutiny and a reputation for below-standards productivity. On the upside, these market challenges provide significant opportunities for companies to bring in new investors, implement new operating models, apply innovation to update processes and practices, and restructure activities. Making material step-changes, requires companies to review, amend, and update joint venture operating agreements (JVOAs). KPMG has worked with many of Australia’s leading oil and gas companies on a range of joint venture engagements. This extended abstract outlines why JVOAs need to be reviewed with respect to the following key opportunities and challenges: Fast-changing global business operating models. Available cost savings by eliminating inconsistent management and operating models between joint ventures. Planning for potential restructuring, including separation of infrastructure (e.g. plants, pipelines, support) from reserve ownership. Sharing of services (e.g. maintenance and logistics) between unrelated joint ventures. Transparency of costs and asset performance. Improved joint venture governance (not more or over-governance) between participants to attract investment. Effective resourcing, noting the right transition of capabilities between deal-makers and joint venture operators. With this extended abstract the authors aim to provide ideas for consideration. Each of these ideas will impact JVOAs. The authors’ proposition is that now is the right time to complete a comprehensive review of JVOAs to enable organisations to move fast as new and innovative opportunities arise.

Numerical Analysis of Flare Gas Recovery Ejector

2014 ◽  
Author(s):  
Arihant Sonawat ◽  
Abdus Samad ◽  
Afshin Goharzadeh
Keyword(s):  
Fluid Flow ◽  
Flow Rate ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Gas Recovery ◽  
System A ◽  
Primary Fluid ◽  
Recovery System ◽  
Flow Through

Flaring and venting contributes significantly to greenhouse gas emissions and environmental pollution in the upstream oil and gas industry. Present work focuses on a horizontal flow, multiphase ejector used for recovery of these flared gases. The ejector typically handles these gases being entrained by high pressure well head fluid and a comprehensive understanding is necessary to design and operate such recovery system. A CFD based analysis of the flow through the ejector has been reported in this paper. The flow domain was meshed and the mass and momentum equations for fluid flow were solved using commercial software CFX (v14.5). Euler-Euler multiphase approach was used to model different phases. The entrainment behavior of the ejector was investigated and compared for different fluid flow conditions. It was observed that for a fixed primary fluid flow rate, the entrained or secondary flow rate decreased linearly with an increase in pressure difference between exit and suction pressure. The higher was primary flow rate, the greater was the suction created ahead of the primary nozzle and greater was the amount of energy added to the entrained fluid.

scholarly journals KAZAKH-TURKISH RELATIONS: TRADE AND ECONOMIC ASPECT

2021 ◽  
Vol 68 (1) ◽  
Author(s):  
А.Е. Ibrayeva ◽  
Keyword(s):  
Central Asia ◽  
Joint Ventures ◽  
Soft Power ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Legal Framework ◽  
International Markets ◽  
Present Stage ◽  
Gas Industry ◽  
Solid Foundation

The article examines the trade and economic cooperation between the two countries at the present stage. Given the fact that Turkey is actively expanding its presence not only in Kazakhstan, but also in Central Asia, this issue is of urgent importance.Turkish business is represented in various sectors of the Kazakh economy: construction, transport, and communications. At the same time, we note that Turkey invests in the strategic sectors of our economy. Joint-stock companies and joint ventures have been established that produce products for domestic and international markets. Over the years, a legislative and legal framework has been formed in all areas of cooperation. The Turkish presence is noticeable not only in Kazakhstan, but also in Central Asia. Ankara has managed to put economic and humanitarian cooperation between our countries on a solid foundation. Among the priorities of Turkey's "soft power" are joint projects in the oil and gas industry, education and culture

Experimental Characterization of Particle-Laden Air Flow in a Horizontal Pipe

2015 ◽  
Author(s):  
Y. Dai ◽  
T. S. Khan ◽  
M. S. Alshehhi ◽  
L. Khezzar
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Solid Particles ◽  
Horizontal Pipe ◽  
Gas Industry ◽  
Black Powder ◽  
Powder Samples ◽  
Flow Through

In many engineering applications, movement of micron and submicron size solid particles with compressed air or gas causes major engineering problems as in the case of black powder in oil and gas industry. Therefore, understanding its physical and flow dynamics characteristics inside a pipeline can be very useful to efficiently manage pipelines contamination issues. This paper presents an experimental study carried out to simulate characteristics of air-sand particles flow through a transparent horizontal pipe with various flow conditions. Experimental analysis focuses on determination of critical pickup velocity of the solid particles and measurement of pressure drop across the sand bed of various blockage ratios. Results have been compared with previous studies in literature. Limited experiments are conducted using black powder samples as well. Comparison of results shows vast deviation between sand and black powder behavior.

scholarly journals Fiduciary Relationships in Oil and Gas Joint Ventures

1970 ◽  
Vol 8 (2) ◽  
pp. 233 ◽  
Author(s):  
D. A. MacWilliam
Keyword(s):  
Joint Ventures ◽  
Joint Venture ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Fiduciary Duty ◽  
The Other ◽  
Gas Industry ◽  
Full Disclosure ◽  
Fiduciary Relationships ◽  
The Many

A party to a joint venture agreement in the oil and gas industry is often faced with the problem of determining whether or not he owes a fiduciary duty to his joint venturer. This article examines the many factual situations in oil and gas joint ventures which, could give rise to a fiduciary duty and concludes that the extent to which the fiduciary principle is applicable to various relationships involving interests in oil and gas has not yet been determined by the courts. As such, the author suggests that in addition to attempting to provide in the agreement for those circumstances which could give rise to a fiduciary duty, a party to a joint venture who desires to avoid a breach of a fiduciary duty should make full disclosure to and attempt to get the consent of the other contracting party.

scholarly journals Limited Partnerships in the Alberta Oil and Gas Industry

1978 ◽  
Vol 16 (2) ◽  
pp. 153
Author(s):  
R. G. Powers
Keyword(s):  
Joint Venture ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Limited Partnership ◽  
The Law ◽  
Partnership Agreement ◽  
Limited Partnerships

Limited partnerships, as financing vehicle in the oil and gas industry, are gaining popularity. This paper reviews the law relating to limited partnerships in Alberta, emphasizing those problems of particular significance in the formation of such partnership for participation in the oil and gas business. Relevant provincial and federal statutory provisions are considered, and draft Partnership Agreement is set out. The author also highlights the distinctions between the limited partnership, joint venture, and operating agreement.

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