The company was recently awarded several long-term drilling rig service contracts with “a first-class international oil company” in the Middle East worth about $1.9 billion. The Chinese player sees these deals as “a new stage of deepening cooperation” with international oil companies in various...
In particular, we look at each country's variation of service contract, and examine how these variations of service contracts are different from each other. A service contract is a long-term contractual framework that is used by some host governments to acquire the international oil companies' ...
Despite the high level of political risk, an increasing number of international arbitration disputes and the economic turmoil that Venezuela is going through, Petr贸leos de Venezuela (PDVSA) agreed with private investors a new model of integrated oil service contracts in September of 2016. The ...
After Shell's withdrawal, the ministry decided to develop the oil field depending on the national experience and some friendly companies, Jihad added.
Allocation of risk in the oil and gas contracts in Malaysia: An empirical study This scenario has significant and potentially adverse financial implications for the contractors and for the long-term sustainability of the industry. In this respect, there is a tendency that the oil companies will pa...
A service contract is a long-term contractual framework that governs the relation between a host government and international oil companies (IOCs) in which IOCs develop or explore oil or natural gas fields on behalf of the host government in return for pre-determined fees without handing over ...
sharing agreements between ADNOC and international oil companies. Other emirates use similar production-sharing agreements and service contracts to organize oil production. Some of the biggest international companies involved in UAE oil production include BP, Royal Dutch Shell, Total S.A., and Exxon...
The Iraqi Drilling Company (IDC) has announced its intention to conclude contracts with Chinese and American companies operating in Iraq to drill and rehabilitate dozens of oil wells in the country. The company indicated it is about to start drilling 20 wells in the Nasiriyah field in Dhi Qar,...
One simple way for the average person to invest in oil is through stocks of oil drilling and service companies. In addition, investors can gain indirect exposure to oil through the purchase of energy-sector ETFs. Severalsector mutual fundsthat invest mainly in energy-related stocks are available...
Mike has been with the team since April 2000, having spent his entire career in the oil and chemical industry with companies such as Dexter Speciality Chemicals and Arizona Chemicals. He graduated university in 1988 with a degree in Accounting and Finance, before later qualifying as a Chartered ...