Wood mackenzie,self storage grimsby ontario,build a building game jouer - PDF Review

01.03.2015
By browsing, you accept the use of cookies to offer you personalized content and allow you to share content on social networks in accordance with our privacy policy. 21 049: that is the number of registrations received for IFP Schoola€™s 2nd edition of its MOOC on Oil&Gas in partnership with Total. Sixteen students of the Energy and Markets program (ENM), accompanied by Professor Olivier Massol, travelled recently to London to visit several companies of the energy sector.
Wood Mackenzie’s latest analysis quantifies the possible economic impact of the Petroleum Industry Bill (PIB), the latest draft of which was put before the National Assembly in July 2012 and is currently under debate. The gas sector would experience the biggest hike in taxation.  While the inclusion of a five-year corporate income tax holiday is positive news for onshore gas suppliers to the domestic market, dry gas fields in shallow water are likely to be uneconomic. The proposed fiscal terms could have a dramatic impact on the deepwater sector: Wood Mackenzie estimates it would increase tax revenues to the government from producing deepwater fields, which will reduce the value of these projects for the contractors by 40%. No deepwater projects in West Africa have been sanctioned without delivering a 15% return on investment.  If the same criteria was applied in Nigeria with the proposed fiscal changes, up to seven projects would not proceed. However, one of the stated objectives of the PIB is to establish a progressive fiscal framework that encourages further investment while optimising revenues to the government. Posted on April 23, 2013 with tags Dry, Fields, gas, Likely, News, Nigeria, Uneconomic, Wood Mackenzie. On Monday 16th June 2014, Russia cut off gas to Ukraine, in a long running dispute over unpaid bills. Wood Mackenzie says the deepwater of the western Black Sea could provide a new source of gas for Eastern Europe. Wood Mackenzie also says heightened upstream activity has led to an increase in costs, impacting economic margins of a number of projects. Wood Mackenzie says high demand and busy development activity have driven up costs globally in recent years, but the effect was particularly prevalent in Norway in 2013. Posted on January 15, 2014 with tags 2014, Key Year, News, Norwegian Oil & Gas Sector, Sees, Wood Mackenzie. Do you attach great importance to quality and do you have an affinity with offshore projects? Maersk Drilling Norge AS was established in 1990 and employs a staff of approximately 1000 people.


Wood Mackenzie’s annual UK upstream oil and gas review concludes that 2013 was a mixed year for the industry. Wood Mackenzie estimates that 100 trillion cubic feet (tcf) of gas has been discovered in Mozambique and Tanzania to date, ranking the Rovuma Basin as one of the most prolific conventional gas plays in the world.
However, there are significant technical and commercial challenges to be overcome in order to bring the gas to market by the end of this decade. In neighbouring Tanzania, the targets are the northern extension of the Rovuma Basin and the Mafia Basin.
One of the most immediate challenges for Mozambique, is the unitisation discussions which Wood Mackenzie understands have already begun.
Although there is a risk that unitisation discussions could delay Final Investment Decision (FID) – the crucial last step before commercial development – and therefore LNG production, there are other discoveries which are wholly contained in Area 1 and Area 4 and therefore gas could come from these first.
Giles Farrer, Senior LNG research analyst for Wood Mackenzie comments: “Many challenges will need to be overcome prior to LNG project sanction. Farrer continues: “Lastly there is the question of finance, we estimate that a two train greenfield development in the region is going to cost at least US$25 billion, and for some of the players involved financing their share of this sort of development cost will certainly prove challenging and could delay development,” Farrer concludes.
The joint analysis by Wood Mackenzie’s upstream and LNG research teams stresses that these challenges are not insurmountable. Posted on August 22, 2012 with tags 100 Tcf, Date, Finds, gas, Mozambique, News, Tanzania, Wood Mackenzie. The learners come from 148 countries around the world, who despite the time differences were able to form a MOOCer community, strongly connected around the understanding of the oil and gas value chain.
Wood Mackenzie’s view is that the current version of the PIB and the proposed royalties do not fully achieve this. The Government is keen to increase its tax revenues from deepwater projects to levels that are more in line with other deepwater countries, such as Angola. In a bid to avoid the sector from overheating, the Government announced Norway’s first petroleum tax increase in 20 years.
We saw high levels of development spend, asset deals and exploration across the upstream sector in Norway last year. Wood Mackenzie estimates that the value of Norway focused deals in 2013 was NKr 15 billion (US$2.5 billion) with only one less deal done.


Capital investment levels will remain high and we estimate close to NKr 176 billion (US$30 billion) will be spent across the sector this year. The impact of the 2013 petroleum tax on marginal projects will also become clearer, with a full list of developments that qualify for transition terms expected from the Norwegian government this year,” Dickson concludes. These include: addressing issues around infrastructure, government capacity, financing and reaching a positive outcome to unitisation negotiations in Mozambique. There is clearly plenty of gas to supply the likely commercialisation route of LNG – theoretically enough to support up to 16 LNG trains. Globally in 2011, it yielded the third most hydrocarbons, and we expect it to top the list in 2012 if the first half of the year is anything to go by,” Kelly continues.
Kelly says: “Tanzania has enjoyed considerable exploration success as well, but hasn’t discovered the same scale of reserves.
Kelly explains; “Of the 85 tcf of gas discovered to date in Mozambique, around half of it is thought to be one enormous field which is in communication across the block. By reducing the capital uplift allowance the Government hopes to ensure that operators focus more on controlling costs. The average discovery size is much smaller at around 2 tcf, compared to Mozambique which is over 7 tcf.
There is virtually no existing skilled workforce and both Mozambique and Tanzania will have to build and establish deepwater ports capable of servicing the needs of the petroleum sector. The risk is that delays could lengthen development schedules and add to costs,” Farrer says in closing. IFP School would like to thank Wood Mackenzie and Total Gas & Power for their warm welcome.
On the commercial side, there is the question of government capacity – whether there is sufficient impetus and capability within the governments and national oil companies to advance the huge legislative, bureaucratic, customs and financial challenges that such a development would bring. M&A could be set to hit record levels, with the trend for larger companies to optimise their portfolios continuing, meaning there will be plenty of deal potential.




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