CWC School for Energy News
Report – Fiscal Strategies under low oil prices and climate change | March 2016
Please feel free to download the free 100 page document written by Dr. Pedro van Meurs on “Government Fiscal Strategies under Low Oil Prices and Climate Change” here
Efficiency in a Low Oil Price Economy | September 2015
Martin Hutchison, former MD for Brass LNG and GM for Philips’ in Saudi Arabia, shares his thoughts on issues in leadership, strategy and change management in the current environment.
Governments under pressure to adjust upstream fiscal terms in response to oil price drop | August 2015
In a new two-part study, Wood Mackenzie explores the implications of the current low oil price for upstream fiscal terms. Governments dependent on oil taxation income are wrestling with lower oil revenues for public spending and pressure from oil and gas companies for more lenient terms.
How the Global Oil Price is Affecting Capital Expenditure on Exploration in Africa? | April 2015
Oil and gas explorers must rethink their capital expenditure on exploration in the African continent as a result of the significant drop in the global oil price. Read more about how the recent oil price changes are affecting the industry in Africa.
Petroleum Contractual and Fiscal Development in the Last 25 years | February 2015 | By Dr Pedro van Meurs
Some countries have structured their fiscal terms in such a manner that they deal effectively with low oil prices. Therefore, fiscal terms are of great importance in an environment of low oil prices. Read Dr Pedro van Meurs’ article to find out more about the various phases of petroleum contractual and fiscal development in the last 25 years.
2015 Will be a Year of Change for the LNG Business | February 2015 | By Andy Flower
2015 was always going to be a year of change for the LNG business as new supply from the Pacific basin builds-up and Cheniere’s Sabine Pass, the first of the new US export projects, is commissioned. The collapse in oil prices has, however, added a new dimension to the expected change during the year. Read Andy Flower’s article to find out more…
‘Building’ and Nurturing Talent in Mexico’s Oil & Gas Industry | February 2015
The CEO of PEMEX has recently called for the oil and gas industry to move away from a situation where ‘buying’ talent rather than ‘building’ has become the norm. Also, despite the oil price drop, Mexico’s Bidding Round is attracting early interest from Oil Majors around the world. Read the article to find out how to build and nurture highly talented and skilful workforce, well-prepared and confident to work and invest in Mexico’s oil and gas industry.
The Value of Training During Periods of Economic Challenge in the Energy Industry | February 2015 | By Martin Hutchison
In this article Martin Hutchison, Managing Director, Energy Resources Consulting Ltd and CWC School for Energy course leader, argues that now is the time for the industry to use the time to build the skills base of their workforce and be ready to respond rapidly and effectively in the current economic challenges of falling oil prices.
The LNG Sale and Purchase Agreement | January 2015 | By Gordon Inkson
Since the opening of Singapore’s first Liquefied Natural Gas (LNG) terminal in May 2013, the city state has been set to become a regional LNG hub, and the LNG market a major economic driver for the Singaporean economy. The growth in Singapore’s LNG trade is a game-changer for not only industry practitioners, but the legal community. The LNG sale and purchase agreement brings with it a unique set of challenges and considerations. Find out more about the key features of an LNG sale and purchase agreement, and some of the issues connected to it.
Current View of Where the LNG Industry is Heading by 2020 | January 2015 | By Pat Roberts and Martin Hutchinson
The global industry (doubling in size by 2020 compared to 2010) is set to undergo significant changes towards a more dynamic, flexible, maturing business. Pat Roberts and Martin Hutchison, LNG industry experts and CWC School for Energy course leaders, explore the changes and its effects.
The Commercial Continent | November 2014 | International Commerce Issue 9
Latin America is full of potential. But complex and fast-changing regulations, and a tendency towards bureaucracy and protectionism, make the region potentially challenging for multinational companies. An article from International Commerce, Holman Fenwick Willan’s magazine, offering practical, strategic insight into the key issues and opportunities facing global businesses.
Make the Most of the Energy Reform in Mexico | October 2014
What Mexico’s energy reform means for investment opportunities in the country? Find out more…
Run Projects More Efficiently and Effectively | October 2014
Project management skills are even more important at the moment with major IOCs cutting their expenditure. Find out how you can run projects more efficiently and effectively.
Leading for a Changing World | August 2014 | By David Tomkinson
Massive changes ahead are taking effect at an ever increasing pace. David Tomkinson, a Course Director of Oil & Gas Mini Management Business Administration, explains what the most recent trends mean for leaders, what they need to know and how they can prepare themselves.
A New Dawn to Mexico’s Energy Sector | Press Release August 2014
A new energy reform was signed into a law that will transform the country’s oil and gas sector. The new law will open Mexico’s vast oil, gas and electricity sectors to investment from foreign and private companies for the first time in conventional, deep water and unconventional reserves.
EPC contracts: Risk and Reward, Oil Review Middle East Issue 2 2014 Michael Sergeant
Contracts are agreements to allocate risk. Construction projects involve very significant risks because the building process involves a huge number of variables and uncertainties.
Global LNG Outlook 2014 – Video by Pat Roberts
An overview of the global LNG outlook for 2014.
Access to Human Resources is Critical for Future Success of Oil & Gas Industry, Oil Review Africa Issue 1 2014, Willy Olsen
Some of the most important societal benefits from this expenditure will come through opportunities for employment and for local enterprises to supply goods and services. The need to harness these benefits is also increasingly recognised within the industry.
Time to Step on the Gas and Move Forward! - An Outlook of What Could Be in Store for 2014 – By Pat Roberts and Andy Flower
2014 looks set to be an action packed year.
The Issues of Creating Alignment in the Middle East, Press Release March 2014
The domestic consumption of energy in the Middle East is on the rise with estimates increasing by 77% by 2035. Oil production is expected to expand by 22% yet demand is to skyrocket by 55% which in turn will diminish the region’s capacity to export, states the recent BP Energy Outlook 2035.
British Columbia sets out LNG tax plans, Press Release February 2014
British Columbia has outlined its new tax plan for the LNG industry in the province. The new plan detailed by Michael de Jong, BC’s finance minister, initially outlines a 1.5% taxation rate from profits from the LNG projects with the rate rising to as much as 7% in the future in a two tier taxation structure.
Addressing the Skills Gap in Nigeria’s Oil & Gas Industry, Press Release February 2014
CWC School for Energy has combined forces with Levmora Services Limited, a Nigerian energy consultancy and business solutions provider, to drive a Nigerian talent powered oil & gas industry.
Understanding the Kurdistan Region of Iraq – Production Sharing Contract, Press Release February 2014
3 April 2014 l Erbil, Kurdistan Region of Iraq. Course Leader: J Jay Park QC.
The Kurdistan Region of Iraq has seen remarkable growth in past few years with international investors arriving to discover the lucrative opportunities that are present.
Is Leadership Really a “Soft” Skill?, Eric Evans October 2013
A recent survey by CEB, the Corporate Executive Board put forward the view that the recruitment and development of high-performing leaders is critical to the bottom line success of every organisation. It suggested that Executives believe they need to see a 20% improvement in performance to achieve their business objectives.
Brazil Libra Field PSA Terms from a National Fiscal Perspective, Pedro van Meurs, September 2013
The proposed PSC terms for the Libra field are now available. A detailed analysis was made of these terms from a national fiscal perspective. The proposed PSC has two interesting features: (1) a sliding scale profit oil bid table and (2) an unusually high bonus
About Commercial Negotiations for Gas and LNG Projects, Pat Roberts, September 2013
The current outlook for gas business developers globally is very positive. All major forecasters are predicting that gas will grow faster than most other fuels until at least 2030. Whereas the majority of the demand growth is in non OECD countries, the majority of shale gas growth is likely to be focused in the OECD regions.
About Advanced Project Economics, Risk and Decision Analysis in Oil & Gas, M.A.Mian, August 2013
The international oil and gas industry remains one of the most important, highly capital intensive and risky industries at global, regional, and local levels. Global exploration and production spending is set to reach a record $644 billion in 2013, up 7% from $604 billion in 2012, according to Barclays’ Global 2013 E&P Spending Outlook.
East Africa – Local Content High on the Agenda, Willy H Olsen, August 2013
East Africa will be transformed as a result of the new huge hydrocarbon reserves. International oil companies are likely to invest more than US$100 billion in developing the resources discovered in the last decade in Kenya, Mozambique, Tanzania and Uganda.
Chris Dickin Finance Corner – The Trouble with Budgets, May 2013
Regularly these days we all read output from the ‘experts’ each claiming their personal nominations for the “fuel of the future”.
CUBA: Seeking New Partners – Political uncertainty in Venezuela has focused Cuban government minds on the need to find new trading partners and reduce vulnerability to energy shocks. LatinNews, May 2013
Cuba’s vulnerability to events in Venezuela stems from its energy import dependence. Imports account for around two-thirds of its oil needs, and all of its imports of oil come from Venezuela.
Economics of Global Shale Gas Development Mr.M.A.Mian, May 2013
Shale gas is considered as a “game changer” for the US and global gas markets. Gas production from shale gas in the US has significantly reduced US gas imports in the last five years. Shale gas has become a common discussion topic in the industry as nobody wants to miss the opportunities that are related to the exploitation of gas from these resources.
Proud to Announce the Collaboration Between CWC School for Energy and the Academy of Technical Training – Press Release, 15th March 2013
Following a meeting with the Chairman of the Academy of Technical Training, Mr Lahej Saif Al Falasi and CWC CEO, Matthew Burden, CWC School for Energy and the Academy of Technical Training are delighted to announce collaboration for furthering petroleum training in the UAE.
Understanding the Kurdistan Production Sharing Contract – Press Release, Feb 2013
The Kurdistan region has seen a remarkable development of its natural resources in the past few years. With the exploration and production of natural resources less damaged by war than other regions the role of Kurdistan – Iraq as a factor in the global energy security is increasing.
Tackling the People Problem – Willy H Olsen, Oil Review Middle East, Issue 8 2012
The role of human capital, competence and people issues is ascending on the strategic agenda of both public and private enterprises. We have been through a period with heavy focus on capital efficiency, asset values and shareholder returns. Human capital management is becoming critical for all oil and gas producing environments. The importance in the mature provinces in North America, the Middle East, Malaysia, Indonesia, UK and Norway, are equally as important as in the new oil and gas producing countries in Africa such as Ghana, Uganda, Tanzania and Mozambique. Employment in the US oil and gas industry has increased with close to 40 per cent over the past decade as a result of the shale oil and gas revolution.
Chris Dickin’s Finance Corner – “Bond is Back…in the financial sense of the term that is!”, October 2012
Last year I was presenting the ‘Finance’ section of CWC’s Mini-MBA in Houston, Texas.* During the coffee break on the second day a course participant from Nigeria said to me: “you know Chris, the English language is difficult enough in itself without adding in the jargon terms that you Finance people give to it!”
Training is Critical for the Future Success of the Oil & Gas Industry – Willy Olsen, Oil & Gas CONNECT, Issue 5 August 2012
The role of human capital, competence and people issues is ascending on the strategic agenda of both public and private enterprises. We have been through a period with heavy focus on capital efficiency, asset values and shareholder returns. Human capital management is becoming critical for all oil and gas producing environments. This is an important factor in the mature provinces in the UK and Norway, as in the new oil producing countries in Africa, like Ghana and Mozambique.
Chris Dickin’s Finance Corner – What is the real problem with the Euro, June 2012
That’s a question that I’ve been asked quite a lot recently! My answer tends to be along the lines of: “How much time have you got to listen while I tell you?” – but anyway – here is an attempt at a summary version: The Federal Reserve Board in the USA, the Bank of England in the UK, the Bank of Japan (and others) are all eventually responsible to their national electorates. There is a direct link between the nation state and its currency.
Shale Gas Development Prospects– Mr. M A. Mian, June 2012
The oil & gas industry is forecasting a significant increase in global shale gas development activity in the years to come. Some experts even claim that many regions currently importing gas may become self-sufficient by exploiting their own unconventional gas resources. Many countries are leveraging on the experience of the US oil and gas companies, involved in unconventional gas development over the last three decades, in exploiting their unconventional gas resources.
Chris Dickins’ Finance Corner – Focus on RBS, March 2012
Banks are well known for giving out the umbrellas when it is sunny and collecting them in again ifit starts to rain, – so recent headlines in London newspapers are not surprising: London Daily Mail Headline (Referring to the Royal Bank of Scotland): “Rewards for failure at RBS: State-owned bank posts losses of £2billion – but ‘casino bankers’ still enjoy £390million bonus pot”
Global Gas Stories to Watch for in 2012 – Susan L. Sakmar, March 2012
As 2012 takes shape, there are a number of interesting global gas stories to watch for in the coming months, ranging from the booming petrochemical business in the US to the prospects of LNG exports from North America. The common theme for this segment is that all of the stories relate in someway to global shale gas production – a global story that will remain in focus for 2012 and beyond.
Chris Dickins’ Finance Corner – Working in Finance, January 2012
Working as a Trainer in Finance, I get to meet Oil & Gas professionals from all parts of the industry; Engineers, Geologists, HR specialists. It always strikes me that when confronted with a set of company accounts, they all seem to ask the same question: What one thing should I look for in the accounts to tell me how the company is doing?
Asia Key to the Energy Markets of the Future- Willy H. Olsen, January 2012
Much of the history of the 21st century will be written in Asia. Largely defined by its staggering economic growth which will have a huge impact on how the global energy markets will be transformed in the next two decades. China has experienced an average growth of close to 10 percent annually for more than 30 years and is likely to continue to see significant economic growth, making China the world’s largest importer of oil and gas. The United States and European Union countries are likely to see the trend of reduced demand for crude oil continuing.
The Top 10 Global Gas Stories of 2011 – Susan L. Sakmar January 2012
There’s no doubt that 2011 was quite a year for global gas markets and with the year now behind us, it seems fitting to reflect on the Top 10 Global Gas Stories of 2011 with a view to thinking ahead of the stories to watch for in 2012.
CWC Group Wins Queen’s Award for Enterprise – International Trade
The first conference, exhibition and training company to win the award twice, The CWC Group has hosted over 500 events since being established in 1997 and specialises in events and training for the energy & infrastructure sectors.
CWC Group won the Queen’s Award for Enterprise – International Trade in 2007 and has recently been awarded it for the second time in April 2011, recognizing its continued contribution to international trade. This is one of the most coveted awards in UK industry and is made by the Queen on the advice of the Prime Minister, assisted by an Advisory Committee.