Petroleum Review May 2012
This month’s issue reviews the latest state of play in linking Caspian reserves to western Europe via the ‘Southern Gas Corridor’, aswell as Kazakhstan’s plans to double oil production by 2035 following the full development of the Kashagan, Tengiz and Karachaganak fields.
We also examine production performance from the main quoted oil and gas companies across the globe, which have become notably more ‘gassy’ over the past six years, and look at how UK oil and gas companies have weathered the global financial crisis.
Last year’s Macondo disaster demonstrated that containment equipment could not only reduce the scale of an oil spill, but also buy time to ensure that a relief well was successful. Recent emergency blow-out response equipment developments are summarised in this month’s issue.
The magazine also provides an overview of commodity market regulations in Europe and the US and outlines why gaining access to margin capital could be a life or death scenario for commodity trading firms. Staying on the policy front, this issue also reviews the impact on the oil and gas sector of the 2011 and 2012 UK Budgets, as well as policies governing UKCS infrastructure access and reservoir utilisation.
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- Journal title: Petroleum Review
- Publisher: Energy Institute