Energy Security, International Investment, and Democracy: The Case of the United States Shale Oil and Gas Industry

2020 ◽  
Vol 16 (4) ◽  
pp. 309-333
Author(s):  
Bryan T. Stinchfield ◽  
Ted Auch ◽  
Eve Bratman
Keyword(s):  
United States ◽  
Energy Security ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The United States ◽  
International Investment ◽  
Shale Oil ◽  
Gas Industry

BUSINESS AND TAX ISSUES FOR PETROLEUM EXPLORATION AND DEVELOPMENT COMPANIES INVESTING IN THE UNITED STATES OF AMERICA

1991 ◽  
Vol 31 (1) ◽  
pp. 494
Author(s):  
Catherine A. Hayne
Keyword(s):  
United States ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The United States ◽  
Detailed Examination ◽  
Petroleum Exploration ◽  
Gas Industry ◽  
Oil And Gas Exploration ◽  
Corporate Executives ◽  
Exploration And Production

Oil and gas exploration and production opportunities in the United States represent possibilities for investment by Australian petroleum companies in the 1990s. This paper focuses on the unique characteristics of the oil and gas industry, and is intended as an entrepreneurial guide to some of the practical business and tax issues which corporate executives will confront when proposing to do business in the United States. It provides a detailed examination of the key issues, but, due to the complexity of United States and Australian laws, this paper should not be used as a substitute for detailed advice.

scholarly journals American Tax Considerations in the Drafting of Canadian Joint Operating Agreements

1970 ◽  
Vol 8 (2) ◽  
pp. 187
Author(s):  
John F. Curran
Keyword(s):  
United States ◽  
Income Tax ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The United States ◽  
Gas Industry ◽  
Internal Revenue ◽  
Tax Laws ◽  
The Status ◽  
Tax Benefits

Many operators in Canada's oil and gas industry are subject to taxation under the United States Internal Revenue Code. In their Canadian activities, operations and agreements, these operators seek to preserve any tax benefits that they may have under the income tax laws of the United States. This article outlines the tax advantages which the United States operator wishes to preserve, such as avoidance of the status of an on Canadian operators not subject to United States tax laws, and suggests draft clauses that may be included in Canadian joint operating agreements to preserve United States tax benefits for the American operator.

scholarly journals Shale-Oil Development Prospects: The Role of Shale-Gas in Developing Shale-Oil

Energies ◽  
2019 ◽  
Vol 12 (17) ◽  
pp. 3331 ◽  
Author(s):  
Douglas B. Reynolds ◽  
Maduabuchi Pascal Umekwe
Keyword(s):  
Natural Gas ◽  
Shale Gas ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The United States ◽  
Search Process ◽  
Shale Oil ◽  
Gas Industry ◽  
Oil Development ◽  
The World

Currently, most of the world’s shale-oil is coming from the United States, but more may be needed from non-U.S. sources in order to keep the world price of oil from increasing, and yet a number of petroleum producing countries have yet to develop shale-oil resources. This article investigates why that may be. One reason for this may be the role that shale-gas development plays in the search for shale-oil. In the oil and natural gas industry over much of the 20th century, finding oil has usually been more valuable than finding natural gas because the gas has less energy density than oil, making each BTU (or Joule) of oil energy easier to store, transport and use for consumers. However, since shale source-rock often has both natural gas and oil, then it behooves a shale search process to start by looking for natural gas first rather than oil to enhance the profitability of the search process. The problem, then, is that a shale-oil only search strategy has the same problem that first plagued the oil and gas industry: What do you do with the natural gas? In this paper, we will examine how this “chicken and egg” exploration scenario has played out in the U.S. in order to draw lessons on how difficult shale-oil development will be for the rest of the world.

The Oil and Gas Industry in Kazakstan

1998 ◽  
Vol 26 (3) ◽  
pp. 557-564 ◽  
Author(s):  
Erik S. Karibdzhanov ◽  
Murat A. Taishibayev
Keyword(s):  
United States ◽  
Oil And Gas ◽  
Sedimentary Basins ◽  
Oil And Gas Industry ◽  
The United States ◽  
World Market ◽  
The Caspian Sea ◽  
Gas Industry ◽  
Oil Reserves ◽  
The Government

In Kazakstan, there are currently over sixty known oil and natural gas fields, including five sedimentary basins with a potentially large amount of proven and expected gas and oil bearing seams. The largest and best known are the Caspian (Prikaspiiski), South Mangishlak (Uzhno-Mangishlakski), Ustiurt-Buzachi (Ustiurtsko-Buzachinski), Torgai (Torgaiski), and Chu-Sarisu (Chu-Sarisuiski). Kazakstan is ranked twenty-fourth among the world's 55 oil-producing countries by many analysts. It has about 60 billion barrels of oil reserves. Indeed, it has been estimated by many of the same analysts that the offshore fields in the Caspian Sea, which borders Kazakstan's western territory, contain at least 26.6 billion barrels of extractable oil reserves. Yet in 1994, according to an article in Oil and Gas Journal, the government of the United States stated that it “does not consider Kazakstan as the most important source of oil supplies for the United States; however, Kazakstan might play [an] important role in reduction of the [sic] oil price.” Oil is a vital resource for Kazakstan and its extraction will play a major role in fostering the country's future development and relations with major oil consumers. Accurately estimating Kazakstan's reserves, and its ability to sell it on the world market, remains a major concern for Almaty.

ALLIANCE COMPETENCE: KEY CAPABILITIES FOR SUCCESS

2001 ◽  
Vol 41 (1) ◽  
pp. 811 ◽  
Author(s):  
D. Kiers
Keyword(s):  
United States ◽  
Corporate Culture ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The United States ◽  
Gas Industry ◽  
Current Trends ◽  
Global Trend ◽  
High Level ◽  
Future Growth

The formulation of alliances and partnerships is a global trend that is growing at an exponential rate. In the United States, alliances now account for 18% of the revenue of Fortune 1,000 Companies—and this figure is expected to exceed 30% by 2004. In Europe, alliances are growing at an even faster rate, and already represent over 30% of revenue. According to recent surveys, 82% of United States executives believe alliances will be a prime vehicle for future growth, and managing alliances is consistently mentioned as one of their three biggest challenges.Developing a competence in alliances and other collaborative arrangements, therefore, is now high on virtually all corporate agendas. Yet the ability to successfully manage alliances remains elusive. If current trends continue, about 70% of all alliances will fail to deliver the expected results.In most cases, failure is attributed to mismatches in corporate culture, poor communications, or some similarly high-level cause. This conventional analysis camouflages some specific and fundamental capabilities that are critical for alliance success. These capabilities address facilitating and maintaining alliance-like thinking and behaviours that are a match for alliance strategies. The ability to develop the appropriate thinking and behaviour to be a valued partner is a distinct corporate competitive advantage.Using recent examples in the oil and gas industry in Canada and Australia, this paper details three key capabilities that are critical to alliance success. Some new approaches to effective partnering in any environment or industry are offered, to help in reframing the challenges that inevitably arise.

scholarly journals What Canadian Oil and Gas Companies Need to Know about U. S. Antitrust Laws

1996 ◽  
Vol 34 (3) ◽  
pp. 557
Author(s):  
Theresa J. Arnold
Keyword(s):  
United States ◽  
Federal Trade Commission ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The United States ◽  
Business Practices ◽  
Antitrust Law ◽  
Gas Industry ◽  
Sherman Act ◽  
Attorneys General

The author presents an introduction to and a cautionary warning about the idiosyncrasies, complexities and dangers of U.S. antitrust law for the Canadian oil and gas industry in a post-NAFTA economic and legal reality. Pre-NAFTA transborder Canadian rules, customs and business practices in the oil and gas industry may have to be reconsidered in light of the serious implications of U.S. antitrust jurisprudence to date. The reach and the scope of U.S. Title 15 Trade and Commerce legislation, such as the Sherman Act, the Clayton Act, the Robinson-Patman Act, the Federal Trade Commission Act, the Foreign Trade Antitrust Improvements Act, and the Hart-Scott-Rodino Act, are outlined and presented. The author also describes the powers and authority of the United States Department of Justice, the United States Federal Trade Commission, the state attorneys general, and the "private" attorneys general to launch civil actions, class actions and criminal prosecutions serially, concurrently or in combination should an unwary foreign or domestic person run afoul of US. antitrust law. In addition, the author discusses the relevant leading case law, legal tests and legal principles, remedies, penalties, consequences and pitfalls of U.S. antitrust law.

scholarly journals Area of Mutual Interest Agreements and Canadian Competition Law Considerations

2016 ◽  
Author(s):  
Frank Alexander ◽  
Erik Arnold
Keyword(s):  
United States ◽  
Oil And Gas ◽  
Technical Information ◽  
Competition Law ◽  
Oil And Gas Industry ◽  
Case Law ◽  
The United States ◽  
Gas Industry ◽  
Mutual Interest ◽  
The Subject

Area of Mutual Interest Agreements (AMIAs) are a common feature within the Canadian oil and gas industry. These agreements are usually entered into for the purposes of sharing technical information between two or more parties. This article explores the implications of the various types of AMIAs in relation to the Competition Act. While there is essentially no applicable Canadian case law on the subject, this article examines the potential civil and criminal penalties that the Competition Act may impose. In addition to detailing the statutory landscape in Canada, this article looks at how this issue has unfolded in the United States.

Shale, Quakes, and High Stakes: Regulating Fracking-Induced Seismicity in Oklahoma, USA and Lancashire, UK

2019 ◽  
Vol 3 (1) ◽  
pp. 1-14
Author(s):  
Miriam R. Aczel ◽  
Karen E. Makuch
Keyword(s):  
United States ◽  
Hydraulic Fracturing ◽  
Shale Gas ◽  
Seismic Activity ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
High Volume ◽  
The United States ◽  
Horizontal Drilling ◽  
Induced Seismic Activity

High-volume hydraulic fracturing combined with horizontal drilling has “revolutionized” the United States’ oil and gas industry by allowing extraction of previously inaccessible oil and gas trapped in shale rock [1]. Although the United States has extracted shale gas in different states for several decades, the United Kingdom is in the early stages of developing its domestic shale gas resources, in the hopes of replicating the United States’ commercial success with the technologies [2, 3]. However, the extraction of shale gas using hydraulic fracturing and horizontal drilling poses potential risks to the environment and natural resources, human health, and communities and local livelihoods. Risks include contamination of water resources, air pollution, and induced seismic activity near shale gas operation sites. This paper examines the regulation of potential induced seismic activity in Oklahoma, USA, and Lancashire, UK, and concludes with recommendations for strengthening these protections.

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