New Zealand government may achieve transformation

2018 ◽  
Keyword(s):  
Climate Change ◽  
New Zealand ◽  
Oil And Gas ◽  
Exploration And Exploitation ◽  
Content Type ◽  
Oil And Gas Exploration ◽  
Economic Shock ◽  
The Government ◽  
Offshore Oil And Gas ◽  
Offshore Oil

Significance Fourteen days beforehand, Ardern said no new offshore oil and gas exploration permits would be awarded -- evidence she said of the “government of transformation” she promises. The offshore ban does not affect the wide areas already open for exploration and exploitation over the next three decades, but it reinforces the government’s intention to be more active on climate change and environmental protection. Like the government's “wellbeing economics”, this might prove transformative if Ardern can retain office through to at least the next election in 2020. Impacts The offshore oil and gas exploration ban could see earlier withdrawal by major oil producers. Onshore permits for oil and gas exploration and coal mining will continue. Any major political or economic shock will affect “transformation”, as Robertson warns.

Israeli-Lebanese offshore gas race may raise tensions

2017 ◽  
Keyword(s):  
Oil And Gas ◽  
Prime Minister ◽  
Political Pressure ◽  
Content Type ◽  
Oil And Gas Exploration ◽  
Offshore Oil And Gas ◽  
Political Uncertainties ◽  
Offshore Oil

Significance The bids came from Greece’s Energean, an existing investor, and a consortium of Indian firms; there was little wider international interest. Neighbouring Lebanon’s first offshore oil and gas exploration round, which closed on October 12, was similarly disappointing, with just two bids received from one consortium consisting of France’s Total, Italy’s Eni and Russia’s Novatek. Impacts Political uncertainties following the resignation of Lebanese Prime Minister Saad al-Hariri could slow hydrocarbons exploration. The Lebanese government will be under domestic political pressure from NGOs to ensure transparency in its award of exploration licences. Israel will launch further bid rounds for the remaining blocks, but these are unlikely to produce a different result.

India-Israel defence ties will deepen

2017 ◽  
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Prime Minister ◽  
Strategic Partnership ◽  
Content Type ◽  
Oil And Gas Exploration ◽  
Oil And Natural Gas ◽  
Defence Cooperation ◽  
Offshore Oil And Gas ◽  
Offshore Oil

Subject Indian-Israeli cooperation in defence trade and manufacturing. Significance Indian Prime Minister Narendra Modi’s visit to Israel in July raised relations between the two countries to what was described in a joint statement as a "strategic partnership". Defence cooperation featured in talks between Modi and his Israeli counterpart Binyamin Netanyahu. Impacts India will struggle to meet its target of reducing imported defence products by 40% within the next ten years. India’s Oil and Natural Gas Corporation is likely to bid for Israeli offshore oil-and-gas exploration blocks. Closer relations between India and Iran may raise concerns in Israel.

scholarly journals Potential for Performance-Based Regulation in the Canadian Offshore Oil and Gas Industry

2015 ◽  
pp. 1 ◽  
Author(s):  
Rob Grant, QC ◽  
Will Moreira, QC ◽  
David Henley
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Government Agencies ◽  
Gas Industry ◽  
Oil And Gas Exploration ◽  
Industry Performance ◽  
The Government ◽  
Offshore Oil And Gas ◽  
The Individual ◽  
Offshore Oil

After providing a background and comparative assessment of Performance-Based Regulation (PBR) inother offshore oil and gas sectors, the potential for similar application in Canada is discussed. The developments in these sectors have evolved from a prescriptive regulatory scheme to one that is more PBR based. In such a regime, the governing agency sets out objectives for industry performance that include design and operation objectives, as well as expectations for safety and environmental protection.  It is then up to the individual company to develop a program as to how they propose to achieve these performance objectives, which is then submitted to the agency for review. The discussion centres on the overall compliance and improvements that have been realized by PBR regimes, and the efficiency of the government agencies. The scheme is intended to be more responsive to industry changes and requires more participation by the regulated companies than in prescriptive regimes.  Overall objectives of PBR are to reduce the level of prescriptive measures imposed upon industry by government. while reducing exposure to the risks of offshore oil and gas exploration and development by placing the means ofmanaging the risk in the hands of the operators. The premise of PBR is that these operators are in a belter position to react to changes in technology and risk than are government agencies.

Oil will drive record Guyana growth again in 2022

2021 ◽  
Keyword(s):  
Climate Change ◽  
Oil And Gas ◽  
National Development ◽  
Oil Industry ◽  
Medium Term ◽  
Content Type ◽  
Development Plans ◽  
The Government ◽  
Wage Increases ◽  
Oil And Gas Sector

Significance As in 2020 and 2021, this projected growth will be driven by the ongoing expansion of the oil and gas sector, and related investment and state revenues. These rising revenues will support the government’s ambitious national development plans, which include both increased social and infrastructure spending. Impacts The government will prioritise enhancing the oil and gas investment framework. Investment into joint oil and gas infrastructure with Suriname will benefit the growing oil industry in both countries. The expansionary fiscal policy may lead to a rise in inflation, leading to further calls for wage increases. In the medium term, strong growth in the oil and gas sector could lead to increased climate change activism in the country.

The Adaptation of Rural Residents to the Offshore Oil and Gas (Exploration Phase) Labour Force, Newfoundland and Labrador, 1981

1983 ◽  
Vol 2 (S1) ◽  
pp. 133-139
Author(s):  
Richard Fuchs
Keyword(s):  
Newfoundland And Labrador ◽  
Oil And Gas ◽  
Labour Force ◽  
Oil Industry ◽  
Rural Residents ◽  
Oil And Gas Exploration ◽  
Number Of Factors ◽  
Offshore Oil And Gas ◽  
Offshore Oil ◽  
Exploration Phase

In response to interest and concerns about the effect which oil industry development would have in the province of Newfoundland, a number of studies were initiated, including attempts to assess the impacts on rural residents. An analysis of the offshore labour force indicated that Newfoundland residents represented 60% of the offshore force; however, their participation was predominantly in the junior drilling, junior marine and junior service positions. The provincial workers differed from the non-resident workers on a number of factors. Also of interest, the 35% of the Newfoundland workers interviewed had come from water transport occupations and were attracted by the perceived advantages of work in the oil industry, while the 34% who had come from the fishing industry, cited financial insecurity and poor working conditions of the fishery as their reasons for changing jobs.

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