Interpreter Sam

2019 ◽  
Vol 38 (12) ◽  
pp. 980-980
Keyword(s):  
Human Resources ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Graduate Degree ◽  
Career Goal ◽  
Gas Industry ◽  
Personal Learning ◽  
To Come ◽  
A Company ◽  
Personnel Department

Sam traveled back about two-thirds of a lifetime to see a young man, the proud owner of a newly awarded graduate degree and married for only two weeks, walking into the lobby of the building where he would start his career as a geophysicist in the oil and gas industry. He carried a personalized leather briefcase, a gift from his parents which was very fashionable in those days; he doesn't remember any details of its contents. By his own estimate he was confident, but not too confident, and undoubtedly was much more nervous and apprehensive than he realized at the time. After only a few years and still on a very steep segment of his personal learning curve, he chose to take a position with a different company, necessitating relocation of his family to another state. At his new company a representative of the Personnel department (the language hadn't evolved to Human Resources yet) asked him, “What is your primary career goal?” Instinctively and without hesitation he replied, “I want to be the best geophysicist you have.” He couldn't have imagined how often the substance of his response would motivate and guide him in years to come, nor could he have known at the time that there is no such person as the “best geophysicist” in a company (see Interpreter Sam in the October 2008 issue of TLE). Certainly there is an “only geophysicist” in some companies, but …

scholarly journals The Oil and Gas ROFR: Understanding Current ROFR Issues from the Point of View of the Transactional Lawyer, the Litigator, and In-House Counsel

2017 ◽  
Author(s):  
Donald G. MacDiarmid ◽  
Sean J. Korney ◽  
Melanie Teetaert ◽  
Julie J.M. Taylor ◽  
Robert Martz ◽  
...  
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Point Of View ◽  
Economic Consequences ◽  
Complex Nature ◽  
Gas Industry ◽  
Industry Standard ◽  
The Law ◽  
To Come ◽  
Corporate Lawyers

Rights of first refusal and other preferential or pre-emptive rights (together, ROFRs, and individually a ROFR) routinely find their way into oil and gas industry agreements. Disputes often arise because of the complex nature and significant economic consequences of ROFRs. In recent years, a number of reported cases, either relating directly to ROFRs or more generally relating to contractual interpretation, have clarified (or at times muddied) the waters surrounding the use, application, and interpretation of ROFRs. However, most ROFR disputes never result in a reported decision because the parties typically negotiate solutions long before trial.The authors consider current trends involving ROFRs in oil and gas agreements, and how they believe the law and legal practice surrounding ROFRs might continue to evolve in the years to come. The authors do not attempt to rehash the fundamentals of the law surrounding ROFRs; instead, they focus on how the courts have dealt with ROFRs in recent cases as well as how corporate lawyers and in-house counsel grapple with ROFRs day-today. The authors utilize the ROFR provisions found in industry standard contracts to analyze outstanding areas of uncertainty as well as what lawyers should contemplate prior to including a ROFR in an agreement. Additionally, the article examines the implications of recent rulings on the duty of good faith that may affect ROFRs. Finally, the article considers selected subjects of topical interest, including ROFRs in the context of busted butterfly transactions, insolvency proceedings, and package deals.

scholarly journals Waste Not, Want Not: "Waste" as a Tool of Resource Conservation in the Atlantic Canadian Offshore

2018 ◽  
pp. 315
Author(s):  
Greg Moores ◽  
Mark Andrews ◽  
Amanda Whitehead
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Resource Conservation ◽  
Forced Marriage ◽  
Gas Industry ◽  
A Company

As the Atlantic Canadian oil and gas industry continues to mature, offshore regulators face new and varied issues as they work to implement the objectives of the Atlantic Accords. Laws that were largely developed before the Atlantic Canadian offshore contained producing projects are now being applied to a diverse and evolving industry. As is often the case, laws, as expressed on paper, can prove difficult to apply to each unique set of circumstances that arises in practice.Fundamentally, many of the powers of the Atlantic Canadian offshore regulators rely on the concept of “waste.” An offshore regulator can order a company to commence, continue, or increase production of petroleum where it is of the opinion that such an order “would stop waste.” Conversely, the regulators may order a decrease, cessation, or suspension of the production of petroleum for the same reason. In certain situations of “waste,” the Accord Acts provide for a “forced marriage” via compulsory unitization.While “waste” is instrumental to the authority of the offshore regulators, by necessity its definition is open to some interpretation. This article will explore various interpretations of “waste,” and examine the role of waste in the Atlantic Canadian offshore regimes.

scholarly journals Competitiveness of human resources in the oil and gas industry

2021 ◽  
Vol 7 (1) ◽  
Author(s):  
Marina R. Bogatyreva ◽  
◽  
Salavat A. Yunusov ◽  
Olga V. Tishenina ◽  
◽  
...  
Keyword(s):  
Human Resources ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry

Contemporary fiscal issues impacting M&A in the oil and gas sector

2012 ◽  
Vol 52 (1) ◽  
pp. 149
Author(s):  
Kenneth Wee
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Regular Feature ◽  
Gas Industry ◽  
Resource Rent ◽  
Petroleum Resource ◽  
Recent Developments ◽  
Australian Economy ◽  
To Come ◽  
Oil And Gas Sector

Ongoing growth in deal activity in the oil and gas industry is one of the critical forces underpinning the sustained robustness of the Australian economy. Australian oil and gas assets continue to attract significant international interest and are actively pursued by global and domestic investors alike. On the supply side, exploration players are seeking the necessary funding and technical support to commercialise prospective oil and gas discoveries, while on the demand side, major established oil and gas companies are seeking to acquire viable targets as a means of rapidly replenishing their reserves. Consequently, merger and acquisition (M&A) deals and asset trades have become a regular feature of the corporate oil and gas scene in Australia. In time to come, a wave of industry consolidation is likely to emerge. This paper discusses key fiscal aspects of M&A transactions, as affected by recent developments in the Australian taxation landscape, and their impact on the overall economics of, and extracting value from, an investment in the oil and gas sector, including: the taxation of farm-in/farm-out arrangements, asset swaps and carry arrangements; structuring the deal consideration for fiscal efficiency; takeover and acquisition vehicle structures; the M&A issues associated with the extension of the Petroleum Resource Rent Tax (PRRT) to the onshore oil and gas industry; consideration associated with capital management, capital structure and financing trends for the industry; exit and repatriation routes—do all roads lead to tax?; managing transaction costs; and, managing tax risks in M&A deals.

On the modern trends in russian oil and gas industry companies’ branding

2021 ◽  
Vol 7 (Extra-B) ◽  
pp. 263-270
Author(s):  
Maksim Maksimov ◽  
Liudmila Chernenkaya ◽  
Yury Korechkov ◽  
Gulnar Zanguttina ◽  
Natalia Prodanova ◽  
...  
Keyword(s):  
Oil And Gas ◽  
Physical Nature ◽  
Oil And Gas Industry ◽  
Competitive Market ◽  
Brand Value ◽  
Gas Industry ◽  
Important Place ◽  
Theoretical Part ◽  
Russian Economy ◽  
A Company

The branding tool has recently become one of the most popular and dynamically developing methods of promoting a company in a competitive market. At the same time, the physical nature of markets can be quite arbitrary. Our article describes a theoretical and practical study of branding in the oil and gas industry in Russia. The oil and gas industry occupies a very important place in the Russian economy. The industry has its own unique ecosystem of businesses, from small independent operators to large oil and gas corporations. Taking this into account, the branding factor is becoming one of the most important arguments in the competition. This aspect determines the relevance of the study. The object of the research is PJSC "Gazprom". The theoretical part of the article is devoted to the study of the concept of brand and branding. While the analytical part describes the characteristics of PJSC "Gazprom" and estimates of the brand value.

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.

“Blue is the New Green”: Representational Space and the Effective Co-Optation of Environmental Justice Discourses in Pennsylvania's Unconventional Natural Gas Drilling

2014 ◽  
Vol 7 (3) ◽  
pp. 26-43 ◽  
Author(s):  
Katherine M. Cruger ◽  
Michael H. Finewood
Keyword(s):  
Environmental Justice ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Gas Drilling ◽  
Spatial Practice ◽  
Representational Space ◽  
Material Reality ◽  
To Come ◽  
Material Conditions

This paper points to the importance of studying the intersection of public policy debates, spatial practice, and land use by applying Henri Lefebvre's spatial trialectic in a critique of the ongoing debate over hydraulic fracturing in western Pennsylvania. In this case study, the oil and gas industry appropriates established environmental justice discourses to assert that (1) fracking is clean and environmentally responsible, (2) it will help sustain local families and communities for many generations to come, and (3) fracking locally results in scalar, global benefit. Furthermore, the industry employs ad-hominum attacks and debunking strategies to frame anti-fracking activists as impractical alarmists. Through this rhetorical representation of space, the industry defines the process and associated values of fracking as desirable, inevitable, and most importantly, a sustainable process with just outcomes. Ultimately, the material reality of how the risks and benefits are distributed across the local, national, and global landscape through spatial practice is masked. Focusing exclusively on discourse ignores the real material conditions that give rise to and result from that discourse. Therefore, we argue Lefebvre's (1991) trialectic offers a way to address the interplay between representations and discourses of space and material reality.

scholarly journals The Analysis of Financial Stability and Profitability of British Petroleum (BP) for the period 2014–2019

2020 ◽  
Vol 8 (1) ◽  
pp. 27-33
Author(s):  
Yu. Tumanov
Keyword(s):  
Performance Indicators ◽  
Financial Stability ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
British Petroleum ◽  
Gas Industry ◽  
Commercial Organization ◽  
The Given ◽  
A Company

Any commercial organization tends to make a profit in the course of its activity. As a result, these enterprises may be risky since they take different risks in pursuit of generating a profit and achieving other goals. Taking various risks might make a company less financially stable. In other words, the level of financial stability of a company is likely to be decreased. The importance of the given topic is that analyzing the financial stability and profitability of an entity enables us to determine how financially stable and profitable a company is. Moreover, this analysis allows finding out how particular indicators change from year to year and to prevent a decrease in financial stability and profitability indicators. This paper may be considered as an attempt to analyze the financial stability and profitability of one company from the oil and gas industry, specifically, British Petroleum (BP) for the period from 2014 to 2019. Besides, some recommendations may be developed in terms of increasing the company’s performance indicators if necessary.

Prospects for Energy Markets and Investment in Traditional Oil & Gas

2020 ◽  
Vol 1 (2) ◽  
pp. 174-178
Author(s):  
Jon Fitzpatrick ◽  
Andy Hartree
Keyword(s):  
Energy Demand ◽  
Global Economy ◽  
Oil And Gas ◽  
Current Trend ◽  
Oil And Gas Industry ◽  
The Political ◽  
Way Of Life ◽  
Gas Industry ◽  
Behavioural Patterns ◽  
To Come

The oil and gas industry is facing as hostile an environment as it ever has. Already under increasing pressure from a highly vocal environmental lobby, precious sources of capital from all angles were already turning their backs on the industry when COVID-19 struck. The pandemic has provoked a further two-pronged attack on the industry. First, it dealt a huge blow to energy demand, as lock-down grounded economic activity, before driving what are likely to become long-term changes to our behavioural patterns with material consequences on global energy demand. Secondly, and perhaps more worryingly, the COVID-19 experience has given the impression that we can already live without the industry, encouraging the anti-industry lobby yet further. However, we cannot escape the fact that we are set to rely fundamentally on the oil and gas industry for decades to come. The challenge for the industry is in part to react to the reality of the political environment, evolving the way it operates to show it can deliver the necessary ESG-focused goals, but also to demonstrate that the industry remains a fundamental part of our global economy – our way of life: we need the industry, and the industry needs investment. COVID-19 did not start the debate, but has been a massive catalyst in raising the awareness of the issues. Through its direct impact on the economics for the industry, as well as helping increase the political pressure on it, the pandemic has increased the threat the industry faces in trying to fund itself sustainably. While many traditional investors count themselves out, the opportunity is opening up for those who recognise the importance of the industry and are prepared to buck the current trend.

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