scholarly journals Conflicting Claims to Oil and Natural Gas Resources off the Eastern Coast of Canada

1980 ◽  
Vol 18 (1) ◽  
pp. 54
Author(s):  
Colin Douglas
Keyword(s):  
Natural Gas ◽  
Federal Government ◽  
Oil And Gas ◽  
Oil Industry ◽  
Eastern Coast ◽  
Oil And Gas Resources ◽  
Oil And Natural Gas ◽  
Legal Arguments ◽  
Offshore Oil Industry ◽  
Offshore Oil

The province ofNewfoundland and the federal government both claim ownership of the oil and gas resources off the coast of Newfoundland. This paper examines the legal arguments that could be raised in the event that the issue is litigated. Matters examined include the applicability of the continental shelf doctrine, whether New foundland could successfully assert more limited claim to the area within three miles of its shoreline, and the possible legislative competence of each government in relation to the offshore oil industry.

scholarly journals A New Pricing Model for Crude Oil Pre-Sale Units via SPFO (Standard Parallel Forward with Options) in Iran

2018 ◽  
Vol 7 (1) ◽  
pp. 32
Author(s):  
Ghasem Nikjou ◽  
Hamed Najafi ◽  
Kamran Salmani
Keyword(s):  
Oil And Gas ◽  
Development Program ◽  
Oil Industry ◽  
Pricing Model ◽  
Forward Security ◽  
Option Pricing Model ◽  
Oil And Gas Resources ◽  
Offshore Oil And Gas ◽  
Offshore Oil ◽  
Legal Barriers

Nowadays energy has an important role as a driving sector of economy. Forecasting 150 billion dollars investment in energy sector during the fifth development program in Iran, the banking and financial system require a dynamic and modern economy and financial instruments. Obviously, this approach needs to remove legal barriers and modification of contracts. Financing in the oil industry has faced with serious challenges in recent years. In addition, investing in common offshore oil and gas resources is indispensable. Accordingly we are going to design a new contract which is called Oil SPFO (Standard Parallel Forward security with two Options under betting condition), in order to raise funds needed. In this article we would investigate the SPFO for Iran Ministry of Petroleum (MOP)’s finance and present a model for pricing the oil SPFO based on Black and Scholes option pricing model. Finally, we have some recommendations to develop the oil SPFO and suggest that other researchers work on pricing the oil parallel forward securities according to this model.

scholarly journals An overview of the oil and natural gas revenue management in Tanzania. A mini review

2018 ◽  
Vol 3 (3) ◽  
pp. 59 ◽  
Author(s):  
Obadia Kyetuza Bishoge ◽  
Lingling Zhang ◽  
Witness Gerald Mushi ◽  
Shaldon Leparan Suntu
Keyword(s):  
Developing Countries ◽  
Natural Gas ◽  
Revenue Management ◽  
Oil And Gas ◽  
Oil And Gas Resources ◽  
Oil And Natural Gas ◽  
Rich Countries

Management of oil and gas resources or revenues from trans-boundary or disputes areas has always been an issue of controversy in most oil and gas resource-rich countries. Tanzania is among the developing countries which rise with rich in oil and gas resources. It requires more attention on how the revenues generated from these resources should be utilized sustainably. This paper, therefore, provides the current overview of the tools and institutions that offer the guidelines on oil and gas revenue management and distribution.

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.

Saturation diver fatality due to hydrogen sulphide while working on a subsea pipe line

2021 ◽  
Vol 51 (1) ◽  
pp. 94-97
Author(s):  
Ajit C Kulkarni ◽  
Keyword(s):  
Hydrogen Sulphide ◽  
Oil And Gas ◽  
Anaerobic Bacteria ◽  
Oil Industry ◽  
Oil Field ◽  
Early Years ◽  
Hot Water ◽  
Regulatory Control ◽  
Offshore Oil Industry ◽  
Offshore Oil

In the offshore oil industry, Multipurpose Support Vessels with extensive diving capability are used for inspection, maintenance and repair of subsea pipelines. The diving industry has developed systemic safety checks and strict regulatory control after a number of fatal accidents in early years. However, accidents do continue to occur and, when involving divers in the water, are often fatal. Hydrogen sulphide (H2S), called ‘sour gas’ in an oil field, is produced by the action of anaerobic bacteria on sulphate containing organic matter. A highly toxic gas, it remains a constant danger for offshore oil industry workers who must remain vigilant. Crude oil and gas produced in these oilfields is called ‘sour crude’ and pipelines carry this crude with varying content of dissolved H2S to shore for processing. Divers are routinely called to attend to leaking pipelines and come in contact with this crude. Their hot water suits and umbilical lines are often covered with crude containing dissolved H2S. There is always a possibility that these may enter and contaminate the bell environment. Such a case leading to fatality is reported here.

scholarly journals The overview of the legal and institutional framework for oil and natural gas sector in Tanzania. A review

2018 ◽  
Vol 1 (1) ◽  
pp. 8
Author(s):  
Obadia Kyetuza Bishoge ◽  
Lingling Zhang ◽  
Witness Gerald Mushi ◽  
Shaldon Leparan Suntu
Keyword(s):  
Sustainable Development ◽  
Natural Gas ◽  
Political Development ◽  
Oil And Gas ◽  
Institutional Structure ◽  
Energy Resources ◽  
Institutional Framework ◽  
Oil And Gas Resources ◽  
Oil And Natural Gas ◽  
Oil And Gas Sector

One of the essential tools for management of the sectors including the oil and gas sector is the legislative and institutional structure. This paper reviews the overview of the current legal and institutional framework for energy resources development, with weight on oil and gas resources and their critical significance to socio-economic and political development. It affords a comparative account of some new features and on-going trends of the activities conducted by the institutions for sustainable development of the oil and natural gas sector in Tanzania.

scholarly journals The overview of the legal and institutional framework for oil and natural gas sector in Tanzania. A review

2018 ◽  
Vol 3 (1) ◽  
pp. 8 ◽  
Author(s):  
Obadia Kyetuza Bishoge ◽  
Lingling Zhang ◽  
Witness Gerald Mushi ◽  
Shaldon Leparan Suntu
Keyword(s):  
Sustainable Development ◽  
Natural Gas ◽  
Political Development ◽  
Oil And Gas ◽  
Institutional Structure ◽  
Energy Resources ◽  
Institutional Framework ◽  
Oil And Gas Resources ◽  
Oil And Natural Gas ◽  
Oil And Gas Sector

One of the essential tools for management of the sectors including the oil and gas sector is the legislative and institutional structure. This paper reviews the overview of the current legal and institutional framework for energy resources development, with weight on oil and gas resources and their critical significance to socio-economic and political development. It affords a comparative account of some new features and on-going trends of the activities conducted by the institutions for sustainable development of the oil and natural gas sector in Tanzania.

US offshore oil industry will take years to recover

2016 ◽  
Keyword(s):  
Gulf Of Mexico ◽  
Oil And Gas ◽  
Oil Industry ◽  
The State ◽  
Offshore Drilling ◽  
Content Type ◽  
State Budgets ◽  
Offshore Oil And Gas ◽  
Offshore Oil Industry ◽  
Offshore Oil

Significance Rising output from the Gulf of Mexico, which accounts for about 16% of total US production, will help offset some of the falling output from onshore shale projects, although overall production is still declining following the collapse in prices. Impacts The downturn in new offshore oil and gas activity will hit the state budgets of Alabama, Louisiana and Texas. Offshore drilling services specialists will see revenues fall, as companies cut back drilling and push for reduced rates. In the event of a sustained price recovery, US production will primarily be driven by renewed shale drilling, not offshore.

Saturation diver fatality due to hydrogen sulphide while working on a subsea pipe line

2021 ◽  
Vol 51 (1) ◽  
pp. 94-97
Author(s):  
Ajit C Kulkarni ◽  
Keyword(s):  
Hydrogen Sulphide ◽  
Oil And Gas ◽  
Anaerobic Bacteria ◽  
Oil Industry ◽  
Oil Field ◽  
Early Years ◽  
Hot Water ◽  
Regulatory Control ◽  
Offshore Oil Industry ◽  
Offshore Oil

In the offshore oil industry, Multipurpose Support Vessels with extensive diving capability are used for inspection, maintenance and repair of subsea pipelines. The diving industry has developed systemic safety checks and strict regulatory control after a number of fatal accidents in early years. However, accidents do continue to occur and, when involving divers in the water, are often fatal. Hydrogen sulphide (H2S), called ‘sour gas’ in an oil field, is produced by the action of anaerobic bacteria on sulphate containing organic matter. A highly toxic gas, it remains a constant danger for offshore oil industry workers who must remain vigilant. Crude oil and gas produced in these oilfields is called ‘sour crude’ and pipelines carry this crude with varying content of dissolved H2S to shore for processing. Divers are routinely called to attend to leaking pipelines and come in contact with this crude. Their hot water suits and umbilical lines are often covered with crude containing dissolved H2S. There is always a possibility that these may enter and contaminate the bell environment. Such a case leading to fatality is reported here.

Drilling and Service Contracts in Offshore Oil and Gas Operations

1973 ◽  
Vol 11 (3) ◽  
pp. 480
Author(s):  
J. M. Killey
Keyword(s):  
Oil And Gas ◽  
Oil Industry ◽  
Offshore Drilling ◽  
Oil Companies ◽  
Drilling Rig ◽  
Service Contracts ◽  
Oil And Gas Operations ◽  
Offshore Oil And Gas ◽  
Offshore Oil ◽  
Offshore Operations

As onshore oil and gas deposits are becoming more difficult to locate, and as the world demands for energy continue to increase at an alarming rate, oil companies are channeling much of their exploration activities towards offshore operations, and in particular, towards operations centered off Canada's coast lines. Because of the environment, offshore drilling presents problems which are novel to the onshore-geared oil industry. J. M. Killey discusses in detail many of the considerations involved in drafting the offshore drilling contract, concentrating on problems such as the liability of the various parties; costs; scheduling; pollution; conflict of laws; etc. Similarly, he discusses service contracts (such as supply boat charters; towing services; helicopter services; etc.^ which are necessity to the operation of an offshore drilling rig. To complement his paper, the author has included number of appendices which list the various considerations lawyer must keep in mind when drafting contracts for offshore operations.

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