New Models for Financing Renewables

 

The panel on New Models for Financing Renewables during the 9th annual Columbia University Energy Symposium, which took place Friday November 22nd 2013 at Columbia University in New York City.

The panel is moderated by Bruce Usher (Professor, Columbia Business School) and the panelists are Kevin Parker (CEO, Sustainable Insight Capital Management), Stephen Viscovich (Director, Securitized Products, Asset Finance, Credit Suisse Securities LLC), Jimmy Chuang (Vice President of Structured Finance, SolarCity) and Amy Grace (North and South American Wind Analyst, Bloomberg New Energy Finance)

For more information on the Symposium, see http://www.cuenergysymposium.com/

Navigating Shifting Geopolitics of Oil & Gas

 

The panel on Navigating Shifting Geopolitics of Oil and Gas during the 9th annual Columbia University Energy Symposium, which took place Friday November 22nd 2013 at Columbia University in New York City.

The panel is moderated by Jonathan Chanis (Professor, School of International and Public Affairs, Columbia University) and the panelists are Osman Shahenshah (CEO,
Afren) Michael Levi (David M. Rubenstein Senior Fellow for Energy, Council on Foreign Relations), Robert Johnston (Director, Global Energy and Natural Resources Practice, Eurasia Group) and Benjamin Dell (Founder and Managing Partner, Kimmeridge Energy)

For more information on the Symposium, see http://www.cuenergysymposium.com/

DAILY FIVE: December 5, 2013

Our TOP 5

Developments in International Oil & Gas | Energy | Extractive Industries
TODAY

CLICK ON THE LINKS FOR FULL STORIES

NEWS & ARTICLES

 

Ethiopia spearheads green energy in sub-Saharan Africa
AFP - From the sky, the 84 glimmering white turbines at Ashegoda wind farm shoot up from the ground like massive spokes, standing out high amid vast expanses of yellow wheat. France24

Shell’s massive Prelude hull world’s biggest-ever floating vessel and first ocean-based LNG plant
Royal Dutch Shell PLC says it has completed building the hull of the world’s largest floating facility, which has been constructed to process natural gas off the coast of western Australia. Financial Post

Is The Oil & Gas Industry Serious About Asset Integrity?
In the wake of the Gulf of Mexico disaster, is BP and the rest of the industry genuine about wanting change?

CNN Interview with Diezani Alison-Madueke, Minister of Petroleum Resources

 

A chat with CNN on Nigerian Petroleum Industry

PwC's Nason on the new natural resources frontiers; dubs Africa the 'ris...

 

Christopher Nason, Director of Forensic Services at PwC, reveals the firm's role in assessing the risks associated with new oil frontiers. "It is about the political understanding, also taxation, regulation and things that can catch people unawares," he tells Proactiveinvestors. He dubs Africa is the rising continent and says it is attracting a huge amount of interest.

PwC's Nason on the new natural resources frontiers; dubs Africa the 'ris...

 

Christopher Nason, Director of Forensic Services at PwC, reveals the firm's role in assessing the risks associated with new oil frontiers. "It is about the political understanding, also taxation, regulation and things that can catch people unawares," he tells Proactiveinvestors. He dubs Africa is the rising continent and says it is attracting a huge amount of interest.

PwC's Nason on the new natural resources frontiers; dubs Africa the 'ris...

 

Christopher Nason, Director of Forensic Services at PwC, reveals the firm's role in assessing the risks associated with new oil frontiers. "It is about the political understanding, also taxation, regulation and things that can catch people unawares," he tells Proactiveinvestors. He dubs Africa is the rising continent and says it is attracting a huge amount of interest.

PwC's Nason on the new natural resources frontiers; dubs Africa the 'ris...

 

Christopher Nason, Director of Forensic Services at PwC, reveals the firm's role in assessing the risks associated with new oil frontiers. "It is about the political understanding, also taxation, regulation and things that can catch people unawares," he tells Proactiveinvestors. He dubs Africa is the rising continent and says it is attracting a huge amount of interest.

BP Graduate film - Bunmi

 

If you'd like to see more about Bunmi or are a student or graduate and want to work at the forefront of innovation at BP, please explore our website dedicated to students and graduates http://www.bp.com/en/global/corporate...

US: Domestic Oil Production Up 50% Since Obama

 

 

"The United States produced more crude oil than it imported in October for the first time in almost 20 years, the federal Energy Information Administration announced Wednesday. U.S. crude oil production averaged 7.7 million barrels per day in October while 7.6 million barrels per day were imported. Total petroleum net imports were the lowest since February 1991.

Canadian Overseas Petroleum on Exxon and the prospects for Liberia

 

Arthur Millholland, chief executive of Canadian Overseas Petroleum (CVE:XOP), maps out the potential of its block in Liberia, where the group is partnered with Exxon Mobil.

ELN - What could Scottish independence mean for Oil and Gas?

 

Colin Pearson, tax expert at EY explains the implications of Scottish independence in the oil and gas sector.

 

 

ACCOUNTING FOR OIL AND GAS RESERVES: Implications for Investors

By Ejiroghene Elizabeth Agbude

Ejiroghene is an Accounting and Finance professional with interest in tax, corporate governance and policy analysis.

 (Professional contacts only: grandejiro@hotmail.com)

===============================
Accounting regulatory bodies usually formulate industry specific standards when an industry has peculiar characteristics e.g. accounting for banks and non-bank financial institutions. The oil and gas industry is one of such industries that has specific accounting standards, this can be attributed to its peculiarity in terms of huge capital requirements, earnings volatility, regulation, type of business ownerships, taxation, non-correlation between the amount of investment made and returns obtained (Wright & Gallun, et al., 2008) and high sensitivity to risk like price risk and foreign exchange risk.

Up until 2012 when the International Financial Reporting Standard (IFRS) was adopted by exploration companies in Nigeria, Nigerian companies in the upstream sector prepared their financial statements in line with the Statement of Accounting Standard 14 (Accounting in the Petroleum Industry: Upstream Activities) and SAS 17 (Accounting in the Petroleum) formulated by the Nigerian Accounting Standard Board.

By its adoption of IFRS, Nigeria joined over 100 countries who either use or have adopted the accounting guidelines as stipulated by the International Accounting Standard Board (IASB). This will ensure harmony and easy comparison of financial statements, this is particularly useful in the oil and gas industry considering that it is one of the most global industries. The adoption of a common accounting framework also widens access to investment opportunities.

IFRS 6 (Exploration for and Evaluation of Mineral Resources) touches on issues that are unique to the extractive industry, other standards relevant to the oil and gas are IAS 16 (Property, Plant and Equipment), IAS 31 (Interests in Joint Ventures), IAS 36 (Impairment of Assets) and IAS 38 (Intangible Assets).

Africa New Energies EIS Investment Opportunity -- Oil Barrel Conference ...

 

What is a 'CLEAN ENERGY MODEL' all about?

 

 

FRACKING: Oil & gas development on steroids?

 

What are the pro's and con's of Fracking?

Geothermal energy exploration steams ahead in Japan

 
Geothermal energy exploration is steaming ahead all over Japan as the nation looks to provide a stable power source.

Optimizing Water Use for Oil & Gas Operations

 

Water resource planning, sourcing, permitting and treatment are critical elements for today's oil & gas operations. This webinar presents total water management strategies to help oil & gas companies manage both the environmental and economic side of resource management. Our water experts discuss resource planning, sourcing, distribution management and reuse options. Presenters: Kevin Molloy, PG, Tina Petersen, Ph.D., PE, Tom Beck, PE, Bob Kimball, PE, BCEE

IS YOUR TAKE OR PAY CLAUSE ENFORCEABLE?

BY OLUWADAMILOLA DOMINIC-ESSIEN

DAMILOLA holds a degree in Law from the Obafemi Awolowo University and an LLM in Environmental Law and Policy from the prestigious Centre for Energy, Petroleum, Mineral Law and Policy (CEPMLP) University of Dundee. An exceptionally driven individual with a track record of academic and professional excellence, She graduated with a Second Class Upper Division from both the university and the Nigerian Law School. She is currently a partner at Essien Ogunniyi Legal Practitioners, a firm whose primary area of interest is the Natural Resources Sector.

---   ---   ---   >>

A Take or pay contract is a form of off take agreement used mainly in the energy industry. It is a contract whereby one party is under an obligation to take delivery of a specified amount of goods or pay a specified amount. Often times it is inserted as a clause in a wider agreement. The aim of this provision is that the supplier will receive a guaranteed amount of income under the agreement irrespective of whether the buyer takes the commodity or not. A properly constructed take or pay clause gives the seller an assured revenue stream that ensures an adequate return on the capital invested on the project.[1] Furthermore, a take or pay clause could be a key consideration for securing an external debt financing. This form of financing is commonly used in the energy industry because it of its capital intensive nature. It usually serves as collateral in an off balance sheet financing (project finance). It is also a risk allocation mechanism used by sellers of commodities.[2] A take or pay clause or agreement usually shifts the market demand risks (also known as volume risk) from the buyer to the seller. It is pertinent to note that a seller is usually confronted with two forms of risks: Market demand risks and the price risks. Where a seller then enters into a take or pay contract, his volume risks becomes minimized leaving him with only the price risks which in certain cases might be hedged.[3]


Essentially, in a take or pay contract, a buyer’s obligation is always described as being in the ‘alternative’. This connotes that a buyer either agrees to

Opening Mexico's Energy Sector to New International Competition

 

What are the learning points in reforming Mexico's Energy Sector?

Evolution of the Oil Industry | Documentary on the History of American O...

 

It's always a good thing to take a trip down memory lane...to how it all started. Who knows what 'fractal patterns' can be discerned?

Allied Energy Bowling Green Explains Oil & Gas Tax Benefits

 

Allied Energy in Bowling Green, KY discusses the tax benefits of investing in Oil & Gas.

More Info: http://AlliedEnergy.com

Oil, Gas and Geopolitics- India

 

What is the geo-politics of Asian region?

Who Will Control Brazilian Gas And Oil?

 

The auction of a giant oil field in Brazil is bringing the country to the centre of attention of the global energy industry - and raising questions about Brazil's energy strategy.

Impact and Influence of Shell Scenarios

 

What is the impact of Scenario planning for your business today?

 

Experts weigh in on Shell's 40-year history of scenario planning as a strategic tool and how Shell's approach has influenced their work.

More information on http://www.shell.com/scenarios

China warns of EU trade war

 

China and the EU are once again on verge of a trade war. This time the dispute centres on Chinese-made solar products. The FT's Ben Marino talks to Leslie Hook in Beijing about the ramifications of a possible dispute between the two trading partners.

BP Global Projects Organisation

 

BP's Global Projects Organization builds some of the largest and most technically advanced projects in the energy sector. Get an insight into BP's exciting portfolio around the world.

Australia Face off over carbon tax

 

This coming federal election, Australians are repeatedly told, will be a referendum on the carbon tax, which makes it inevitably a referendum also on the Opposition's policy for bringing down our carbon emissions.

Electric vehicle industry in SA

 

How will Electric Cars impact on South Africa's GREEN credentials?

 

Earlier this week, it was announced that Nissan had signed a deal with Eskom to look at the impact of electric cars on the South African economy. This is an interesting announcement because electric cars are a big deal in the US at the moment with Tesla being in the headlines. In its cover story this week, Finweek looks at the electric vehicle industry in South Africa and tried to unpack whether it would fly or not.

Joining Samantha Loring of ABN to discuss this further is, Marc Ashton, Finweek Editor, Tandisizwe Mahlutshana, Finweek deputy editor, Guy Kilfoil, GM: Communications and Public Affairs for BMW SA and Ross Garvie, Nissan's Chief Marketing Manager for Electric Vehicles.

 

 

Dr. Philip Andrews-Speed on China's International Oil and Gas Strategies

Today, China is the world's largest energy consumer, and China's role in the global energy market is set to increase exponentially. Dr. Philip Andrews-Speed will examine China's strategies for securing its access to vital oil and gas supplies, and the ramifications this will have in the global marketplace and geopolitical landscape.

About the Speaker:
Dr. Andrews-Speed is a former Professor of Energy Policy at the University of Dundee and Director of the Centre of Energy, Petroleum and Mineral Law and Policy, and a former Fellow at the Transatlantic Academy of the German Marshall Fund of the US. His recent books include China, Oil and Global Politics with Roland Dannreuther (Routledge, 2011) and The Governance of Energy in China: Transition to a Low-Carbon Economy (Palgrave MacMillan, 2012).

EI Nigeria reception at International Petroleum Week 2013

 

Are you a member of the Energy Institute?

Solar Above, Oil & Gas Below Coexistence in Energy Project Development

 

Due to the ongoing explosion of oil and gas exploration within the United States, and Texas in particular, surface developments such as utility scale solar projects can encounter significant issues of relative concern. Listen to Randy Sowell and Greg Friend, two leading experts in this field, discuss the basics of the interactions between a mineral estate (oil and gas exploration) and surface estate (solar projects), and how this legal construct can influence solar development.
 

Highlights of Oil & Money 2012

 

Book this in your annual conference calendar

TOP NEWS PICK: MAY 9, 2013

Developments in International Oil & Gas | Energy | Extractive Industries

CLICK ON THE LINKS FOR FULL STORIES

NEWS
UK’s Solo Oil plans West Africa stake
UK-listed Solo Oil is planning to acquire a stake in a Switzerland-based company with farm-in deals lined up in West Africa | SweetCrude

Offshore Wind Energy in Europe: €130 Billion Market By 2020
Offshore wind power may yet not match the overall strength of onshore wind, but the industry is on course grow rapidly to become an €130 billion global market by 2020 | The Energy Collective

Shell inaugurates N355 community development projects in Bayelsa
The Shell Petroleum Development Company, SPDC, has, in Yenagoa, inaugurated 10 community development projects in its host communities at Nembe in Bayelsa | SweetCrude

Geologists study mystery of 'eternal flames'

Oil & Gas Business Development Executive Role- Nigeria

Job description

The Oil & Gas Business Development executive will be responsible for identifying new business opportunities for the company while ensuring that the fundamentals of the sales profession are adhered to. He will make offers to customers mindful of the potential gains and face up to competition in order to develop company’s market shares in an increasingly competitive & monopolistic market. The position covers the whole country.

He reports to the Senior Marketing Manager.

---

Responsibilities

The responsibilities for this office shall include but is not limited to the following:

Developing a regional market

• Keep a file on prospective customers based on general information. Be positioned with known subscribers
• Classify files (Manage network of subscribers: obtain information on subscribers and find new partners
• Widen scope of prospective customers and influence the commercial strategy of subscribers
• Find new axes for

What have we missed?

They say time and tide wait for no man (or woman)

 

The Oil and Gas Industry continues to evolve and so must we.

 

Your favourite Community of Practice is about to get even better.

 

Stay close.

 

To join our team, become a contributor or engage the community...

 

Send a mail to : themix@themixoilandwater.com

 

 

 

 

 

LiveWell Initiative: GRAND HEALTH BAZAAR (Oil & Gas, Real Estate & Aviation Days)

The theme for GHB2013 is ‘Sustaining Wealth Creation through Health Solutions & Partnerships’.

The subthemes are:

Day 1: Oil & Gas / Energy Day: ‘Power and Energy: a boost to the Eco System and Robust health

Day 2: Property/Real Estate Day: ‘Building in safety and Safety in buildings: a learning continuum’

Day 3: Aviation Day: ‘Travellers’ Medicines and ‘in-flight’ healthcare’

At least 100 companies and 3,000 delegates are expected at this US Consulate-Partnered Multisectoral, cross-cutting event; the first of its kind in this part of the world, and the third in the series after 2 very successful prior events.

Please visit our website link at: http://www.livewellng.org/wpcontent/uploads/2012/04/GHB2012-Report.pdf for the reports of previous GHB2011 and GHB2012

Shell to sell last remaining refinery

Australia's struggling refinery industry has suffered another blow - with oil giant Shell announcing it is putting its Geelong plant up for sale. The move could signal the loss of more than 500 jobs.. and economists believe Australia could have to take oil imported from Asia in the future. Also in Victoria today - a defence maintenance company lost a multi million dollar contract.. Putting more people out of work. Melanie Davies has the details. For more Ten Late News visit: http://ten.com.au/ten-late-news.htm

TOP TEN REASONS TO BECOME AN ENERGY CONSULTANT

 

What do you think ...about being an Energy Consultant?

80% drop in Petroleum use for Automobiles?

 

What are the likely scenarios?

Gasoline - Modern Marvels - History Channel Documentary

 

Traces the history and evolution of the world's most important fossil fuel. Without gasoline, modern life would grind to a halt. Americans use about 360-million gallons of gas every day. And though most of us could not function without gas, very few understand what it really is, how it is made, what all those different octane numbers really mean, and how researchers developed cleaner-burning gasoline. All these questions will be answered as we look at the history of this "supreme" fuel.

Gasoline is a transparent, petroleum-derived liquid that is used primarily as a fuel in internal combustion engines. It consists mostly of organic compounds obtained by the fractional distillation of petroleum, enhanced with a variety of additives. Some gasolines also contain ethanol as an alternative fuel. In North America, the term gasoline is often shortened in colloquial usage to gas, while petrol is the common name in the UK, Republic of Ireland and in some Commonwealth countries. Under normal ambient conditions, its material state is liquid, unlike liquefied petroleum gas or natural gas.
Enjoy Learning

Getting inside a Liquefied Natural Gas (LNG) Super Tanker

How close have you got to one of these? Follow BBC's Richard Hammond on this insightful exploration of an LNG Super Tanker

Offshore Oil Drilling - Modern Marvels -

Do we concentrate on finding new oil or producing the existing reserves we have in a better way?

PodCast4U: The technology behind offshore oil drilling.

An oil platform, also referred to as an offshore platform or, somewhat incorrectly, oil rig, is a large structure with facilities to drill wells, to extract and process oil and natural gas, and to temporarily store product until it can be brought to shore for refining and marketing. In many cases, the platform contains facilities to house the workforce as well.

Depending on the circumstances, the platform may be fixed to the ocean floor, may consist of an artificial island, or may float. Remote subsea wells may also be connected to a platform by flow lines and by umbilical connections; these subsea solutions may consist of one or more subsea wells, or of one or more manifold centres for multiple wells.

Gas Rig Strip-Down - Decomissioning at Work

PodCast4U: Engineer turned comedian Tom Wrigglesworth and Rob Bell, rising star of mechanical engineering, tell the story as an entire North Sea Gas installation, the Lima Platform, is pulled from the sea by floating cranes, brought back to Newcastle, and then torn into tiny pieces for recycling.

But the platform is not just thousands of tons of steel. It was once home to the men and women called the North Sea Tigers. They pioneered gas and oil exploration in the UK and now some of them are ending their careers as part of the decommissioning process. As the gas platform is stripped down, these engineers reveal the secrets of this vital part of our energy supplies, but they also reveal the emotional bonds to the engineering marvel that formed such an important part of their lives.

Enjoy Learning

2013 Nuclear Energy Institute: Wall Street Briefing

What are the trends, developments, learning points and policy priorities for Nuclear Energy?

Economic Lifeline for the Nigerian Oil Sector

NSE listed company MRS is one of several that import refined petroleum products into Nigeria. In 2011 its tanks stored over $2 billion worth of refined petroleum products. On Economic Lifelines we take you through the highs and lows of this strategic sector in Nigeria economy and take you through how the Asset management corporation of Nigeria has provided a lifeline that many feel still needs to be extended to keep this very important industry in business. Watch the second half of the video after the jump break.

Fracking Hell? - Poland's Dash for Gas

The "dash for gas" has gone East and the fracking multinationals have moved in to secure the sizable shale deposits lying deep in Poland's underbelly. Advocates say this will bring prosperity and jobs, but opponents cite the US experience -- where fracking has been marred by environmental and social concerns -- and fear it could be the final nail in the coffin for Poland's traditional rural communities.

Watch more at http://www.linktv.org/earthfocus

Fracking Hell? - Britain's Gas Rush

Shale Gas and Coal Bed Methane development: What are the implications for emissions targets, the environment and the economy?

Across the UK, Britain's green, picturesque land is facing uncertainty after the arrival of fracking. The specter of gas wells and drilling sites, articulated trucks, waste lagoons, and other fracking detritus hangs heavy in a land more typically associated with small scale farming, cricket on the green, and "cottage" industries. But, not prepared to see their landscape altered forever, a new wave of citizen activists is gearing up to fight back.

Watch more at http://www.linktv.org/earthfocus.

BP Energy Outlook 2030: America's Energy Future

How will America's Energy Future pan out for the rest of the world? Will a 70% decrease in US oil imports take its toll on some national wallets in other parts of the world... or .....not?

The BP Energy Outlook 2030 shares our 2013 projections for the world's energy future. By 2030, BP projects that 99% of America's energy will be supplied domestically.

How? The US is projected to become one of the world's top producers of renewable energy, as well as the global leader in oil and natural gas production. America will play a major role in the shale gas and tight oil revolution, which will make up over half of global production by 2030.

Watch the video to learn more about America's energy future, and find out more on the BP Energy Outlook 2030 by visitinghttp://www.bp.com/energyoutlook.

Developing Energy at Big Foot and Jack/St. Malo

Chevron's Big Foot and Jack/St. Malo development projects in the deepwater Gulf of Mexico are major components in Chevron's long-term growth plan.

Pres Obama's Dilemma: Which Way To Go On Keystone Pipeline? - $5 Gas

To build or not to build?

Uganda MPs pass contention Oil Bill 'Clause 21'

20 years (lease arrangement) a good deal for the Ugandan people?

Parliament has passed with Amendments, one of the contentious Clauses in the Second Oil Bill. The Petroleum Refining, Gas processing, Conversion, Transport and Storage Bill 2012 now allows Oil Companies to lease the refinery for 20 years.

What REALLY Caused the GLOBAL Recession In 2008

Interesting take on the role of Oil in the 07/08 recession. What's your take?

Calyx (TSX: CYX) Emissions Results From 100% Biofuel Powered Jet Flight

How important are non-food sources in the biofuel supply chain? How soon will our jets run commercial flights on 100% biofuels and what are the implications?

Keystone XL Rally -- Forward On Climate --

Are you for or against the Keystone XL pipeline?

Video documenting the ForwardOnClimate Rally in Washington D.C., where 35,000 to 50,000 concerned and frustrated American citizens came to scream, shout, stomp about, laugh, cry and cheer for Obama to stop the Keystone XL pipeline. The pipeline would be "essentially game over" for our habitable climate, as it would ensure development of the Alberta Tar Sands and ultimate combustion of a fossil fuel dirtier than coal into the atmosphere of our only home.

Update on Nigeria's PIB

What are the latest developments and views from Nigeria's lawmakers on the Petroleum Industry Bill?

The Life of an Onshore Well: Finding and Producing Tight or Shale Gas & Oil

See the full life cycle of a tight or shale gas or oil well. We walk through planning and building a pad, exploring for oil and gas, developing a location and producing oil or gas. You'll see how we drill and frack a tight oil or gas well, and what a producing pad typically looks like once drilling is complete. Then at the end of its life we close the well, and reclaim the location.

Middle East perspective on the Impact of Shale Oil

What is the impact of shale oil -- a product that may be an industry game changer?

Joining in this discussion is Majad Jafar is the CEO of Crescent Petroleum -- the Middle East's oldest private oil and gas company. Alongside him is Robin Mills -- an expert on oil economics and the head of consulting for Manaar Energy Consulting.

Jeremy Gilbert - Reserves: What They Mean and How They Are Calculated

How do we estimate oil in place? How do we calculate reserves?

U.S. Energy Development: Institutional Choices for Regulating Oil and Gas Wells

On Tuesday, February 12, Hudson Institute released a report (available here: http://www.hudson.org/files/publicati...) examining congressional bills to broaden federal oversight of the drilling process known as hydraulic fracturing (HF).

HF has revolutionized U.S. energy development. Today, natural gas production is booming. America's manufacturers and consumers, in turn, have benefited from lower prices. Past predictions of the U.S. becoming a major natural gas importer have given way to debates on how much, if any, we should export.

The boom has also sparked a debate on the proper role of the federal government in regulating a drilling technology that has so far been largely subject to state-level oversight. Congress may soon consider bills, collectively referred to as the FRAC Act, and other measures that would greatly expand the EPA's authority over HF-related oil and gas drilling.

Please join the report's author, Hudson Institute Visiting Fellow Lee Lane, who will lead a panel discussion on its findings and the key related questions facing policymakers, such as:

What are the benefits of continued robust shale gas development?

Are the assumptions underlying the federal preemption effort sound?

If enacted, would current proposals in Congress promote more efficient and safer energy development?

Are there other ways in which the federal government might help state regulators to do a better job?

Distinguished panelists included:

Chris DeMuth, Distinguished Fellow, Hudson Institute, former administrator of OMB's Office of Information and Regulatory Affairs and editor-in-chief of Regulation.

Natalie Tawil, Analyst, Congressional Budget Office

Hudson Institute President and CEO Kenneth Weinstein moderated the discussion.

Elizabeth Ames Jones - Texas Production History and Revenue from Oil and Gas

Ever heard of the 'Texas Railroad Commission'? What has that got to do with Oil & Gas? Learn about the history of this body and Texas oil production.

U.S. Sen. Andrew Brock: Report on 2013 Fracking Policy

http://www.unctv.org/legweek. UNC-TV's Legislative Week in Review covers Senate legislation to clear the path for energy exploration policy. Davie County, NC Senator Andrew Brock discusses the legislation.

LEBANON: Risks and opportunities with offshore oil & gas exploration

Despite no proven offshore oil and gas reserves, Lebanon have opened their door to foreign exploration. Dr Carole Nakhle, expert on energy and economics, talks to World Review about the risks and opportunities for investors.

Oil & Gas capital investment outlook 2013

What are the key issues to look out for?

Jon Clark, UKI Leader for Oil and Gas Transaction Advisory Services, discusses the key trends for oil and gas capital investment for 2013.

Oil & Gas Webinar: Fuel Your Analytics Strategy

Do you have an analytics strategy in place to project your business into 2013, and 2035, profitably? Hear from IBM industry specialist, Paul Hoy and the eCapital Advisors consulting team as they overview where the oil & gas industry is trending, and how business analytics is helping companies stay ahead of the curve.

US-MEXICO Energy and Environment: Dr. Duncan Wood

What is the role of energy in the bilateral relation? What are the implications of the energy reform in Mexico? What role does shale gas play? What can we expect in the future? and how can young students help improve energy cooperation? Listen to Dr. Wood's answers to these questions here.

Fuel consumption in Iran: What are the current dynamics?

According to PressTV: Fuel; It is undoubtedly one of the most significant issues counties in the world are facing.Iran is not an exception.

Virtually all prices in the country are affected by fuel price. For many years, the Iranian governments have subsidized fuel in order for the industry to grow and for the people to live easier. 

The policy, however, failed to be beneficial to the national economy, and the government concluded that total removal of fuel subsidy is a must for the country. 

Thus, with the implementation of the subsidy reform plan, fuel price was raised immensely. And now, the government insists on further escalating it to international prices, but the parliament believes a drastic fuel price increase would damage the country's economy. 

All this is happening while Iran succeeded in handling the US embargo on Iran's petroleum products imports, especially gasoline and Diesel fuel. 

Iran managed to change people's general trend in fuel consumption, and get rid of its dependence on gasoline import and become self-sufficient. 

In this edition of the show we will look at the fuel consumption in Iran and examine the issue from different perspectives.

Russia and Iran sign oil and gas deals

What are the implications of this energy cooperation?

Impact of US shale boom

What is this 'shale boom' all about; What are the key enablers and impacts?

The boom in shale oil production has boosted US oil production by 1.3m barrels a day in two years. Javier Blas, commodities editor, discusses with commodities correspondent Jack Farchy the impact this has on the price of oil and the US.

GE Works for the Gorgon Project

The Gorgon Project is one of the world's largest natural gas projects and the largest single-resource project in Australia's history. It is operated by Chevron and is a joint venture of the Australian subsidiaries of Chevron (47.3%), ExxonMobil (25%), Shell (25%), Osaka Gas (1.25%), Tokyo Gas (1%) and Chubu Electric Power (0.417%). The GE power "modules," each fitted out with a Frame 9 gas turbine, will supply the field with 650 megawatts of electricity used for compressing and cooling natural gas into liquid that can be shipped in supertankers to customers around the world.

Unconventional Oil and Climate Impacts

While worldwide supplies of accessible oil are growing, the array of emerging unconventional oil is diversifying. These new oil sources pose important energy, environmental, security, and climate challenges.

Presentation by Deborah Gordon, nonresident senior associate in Carnegie's Energy and Climate Program. 

This talk was part of the "Unconventional Oil Symposium" at the Carnegie Endowment for International Peace on January 9, 2013. 

View the full symposium here:http://carnegieendowment.org/2013/01/...

Alberta's Ansell

This video takes us back through geological history through Alberta's Ansell region. It explains how resources are now available through Husky's technology. This 3D video was made with love from scratch by the good folks at www.xpan.ca

East Africa's Upstream Summit

ABN's Mashudu Masutha speaks with Francis Njogu, Vice Chairman of the Petroleum Institute of East Africa, to discuss the potential for East Africa's oil & gas exploration.

Mozambique's Oil & Gas Sector

ABN's Alishia Seckam speaks with Arsenio Mabote, Chairman of the National Institute of Petroleum, looking at an overview of Mozambique's gas and petroleum sector.

Namibia Oil and Gas Sector with Obeth Kandjoze

To discuss the International Oil & Gas Conference being hosted for the first time by Namibia, ABN's Samantha Loring crosses to our Windhoek studios to speak with Obeth Kandjoze, Exploration & Production Manager at Namcor.

Vivo Energy acquires Shell Kenya

Shell Kenya will now be known as VIVO energy Kenya following the transfer of assets to the majority shareholders Helios and Vitol Oil. Kenya becomes the 14th country to complete the transition to the VIVO banner following the sale of majority shareholding by the royal dutch shell to the new investors in 2011. Despite the change in ownership, the company will continue retailing petroleum products and gas under the Shell brand, after acquiring its branding license.

5 Steps for Successful Schedule Risk Analysis on Oil & Gas Projects

Schedule risk analysis on complex oil and gas projects is a unique challenge. This webinar walks through the five steps to conduct an accurate schedule risk analysis and points out the most important aspects to evaluate risk analysis results.

How Does the Oil Drilling Process Work?

Chestnut Exploration Companies teaches viewers about the oil drilling process.

Shell delivering a competitive and innovative strategy

Peter Voser, Chief Executive Officer of Royal Dutch Shell plc, comments on the 2012 fourth quarter results and the Strategy update.

The Shale Revolution: Benefit or Curse?

According to Wyomingvideos: Timothy J. Considine, Professor of Economics & Finance. Director, Center for Energy Economics and Public Policy, School of Energy Resources, University of Wyoming

Dr. Considine shares insights from his research into the fracking of the Marcellus Shale gas deposits in Pennsylvania and what it reveals about the costs, concerns, and benefits of fracking, whether in Pennsylvania, Wyoming or elsewhere.

Considine spent the last four years studying the drilling of Pennsylvania's Marcellus Shale formation, weighing the costs of production against the price of gas, the impacts on the people, forests, water and air above the formation against steps taken to mitigate such impacts. What does this new data and analysis reveal for future projects? 

Hydraulic fracturing and other production technologies have unlocked large reserves of oil and natural gas once considered too costly to produce. These new reserves could supply U.S. natural gas consumption for decades. But how to do this safely and profitably? 

Professor Tim Considine earned his PhD in in Natural Resource Economics from Cornell University in 1981, and went to work for the Congressional Budget Office and later the Bank of America as a environmental resources analyst. In 1986, he joined the Department of Energy, Environmental and Mineral Economics at Pennsylvania State University. In 2008, the University of Wyoming hired him away for its new School of Energy Research, where he now serves as the professor of Energy Economics and directs the Center for Energy Economics and Public Policy. 

Energy production and distribution is a complicated business, requiring a great deal of up-front investment before energy or profits are produced. Dr. Considine has focused his research on understanding the elements and dynamics of that relationship as well as the implications for public policy. His writings range from "The Value of Powder River Basin Coal to the U.S. Economy," for the Wyoming Mining Association to analyses of Carbon Permit Markets for the World Bank. Along the way he has worked on "The value of hurricane forecast information to energy producers in the Gulf of Mexico," tried his hand at forecasting California's energy development, investigated such topics as the economics of the American Steel industry, climate change impacts on energy consumption, and the benefits of America's strategic petroleum reserve.

Saturday U, Summer Winter Session 2013 was held January 25, 2013 at Gillette College. Saturday U is a collaborative program that connects popular UW professors with lifelong learners in Jackson, Gillette, and Sheridan. Offered twice a year in each community, Saturday U is sponsored by the university, the UW Foundation and Wyoming Humanities Council.

TOP NEWS PICK: FEBRUARY 01, 2013

Developments in International Oil & Gas | Energy | Extractive Industries

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TOP NEWS PICK: JANUARY 30, 2013

Developments in International Oil & Gas | Energy | Extractive Industries

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