Oil & Gas Awards 2011

Best Fully-Integrated Oil and Gas Company

 

Best Fully-Integrated Oil and Gas Company, Western Europe
Total

Best Fully-Integrated Oil and Gas Company, Eastern Europe  
MOL Energy

Best Fully-Integrated Oil and Gas Company, Middle East   
Petrixo Group

Best Fully-Integrated Oil and Gas Company, North America

Petróleos Mexicanos (PEMEX)

Best Fully-Integrated Oil and Gas Company, Latin America   

Petrobras

Best Fully-Integrated Oil and Gas Company, Asia   
PTT Public Company Limited

Best Fully-Integrated Oil and Gas Company, Africa  
PetroSA

 

Best Oil and Gas Exploration Company

 

Best Oil and Gas Exploration Company, Western Europe   
Cuadrilla

Best Oil and Gas Exploration Company, Eastern Europe   

Gazprom

Best Oil and Gas Exploration Company, Middle East  

Kuwait Energy Company

Best Oil and Gas Exploration Company, North America   

Duke Energy

Best Oil and Gas Exploration Company, Latin America   

Pacific Rubiales Energy

Best Oil and Gas Exploration Company, Asia   

Petronas

Best Oil and Gas Exploration Company, Africa   

Groupe Sonatrach
Best Oil and Gas Innovation in Exploration Technology

 

Best Oil and Gas Innovation in Exploration Technology, Western Europe   
GE Oil & Gas

Best Oil and Gas Innovation in Exploration Technology, Eastern Europe 

BASF

Best Oil and Gas Innovation in Exploration Technology, Middle East   

Schlumberger

Best Oil and Gas Innovation in Exploration Technology, North America   

Grace LLC

Best Oil and Gas Innovation in Exploration Technology, Latin America   

Pacific Rubiales Energy

Best Oil and Gas Innovation in Exploration Technology, Asia   

Santos Limited

Best Oil and Gas Innovation in Exploration Technology, Africa   

Port Harcourt Refining Co.

 

Best Independent Oil and Gas Company

 

Best Independent Oil and Gas Company, Western Europe   
Tullow Oil

EBest Independent Oil and Gas Company, astern Europe   

Lukoil

Best Independent Oil and Gas Company, Middle East   

Genel Energy International

Best Independent Oil and Gas Company, North America  

Breitling Oil & Gas

Best Independent Oil and Gas Company, Latin America   

BPZ Energy

Best Independent Oil and Gas Company, Asia   

JX Nippon Oil & Energy Co.

Best Independent Oil and Gas Company, Africa   

Kosmos Energy

Best Oil and Gas Refining Company

Best Oil and Gas Refining Company, Western Europe   
PKN Orlen

Best Oil and Gas Refining Company, Eastern Europe   

Surgutneftegas

Best Oil and Gas Refining Company, Middle East   
Takreer

Best Oil and Gas Refining Company, North America  
Valero Energy

Best Oil and Gas Refining Company, Latin America   
Manguinhos Refineria de Petroleos

Best Oil and Gas Refining Company, Asia   
Thai Oil Public Company Limited

Best Oil and Gas Refining Company, Africa   
Egyptian General Petroleum Company

 

Best Oil and Gas Innovation in Refining Technology

 

Best Oil and Gas Innovation in Refining Technology, Western Europe   
ABB
Best Oil and Gas Innovation in Refining Technology, Eastern Europe   
Rosneft

Best Oil and Gas Innovation in Refining Technology, Middle East   
BAPCO

Best Oil and Gas Innovation in Refining Technology, North America   
Foster Wheeler

Best Oil and Gas Innovation in Refining Technology, Latin America   
Honeywell

Best Oil and Gas Innovation in Refining Technology, Asia   
Bangchak Petroleum

Best Oil and Gas Innovation in Refining Technology, Africa   
BP

 

Best Oil and Gas Drilling Contractor

Best Oil and Gas Drilling Contractor, Western Europe   
Odjfell

Best Oil and Gas Drilling Contractor, Eastern Europe   
Crosco Integrated Drilling & Well Services Co.

Best Oil and Gas Drilling Contractor, Middle East   
National Drilling Company (Abu Dhabi)

Best Oil and Gas Drilling Contractor, North America   
Ensco

Best Oil and Gas Drilling Contractor, Latin America   
Independence S.A.

Best Oil and Gas Drilling Contractor, Asia   
Bourbon Offshore

Best Oil and Gas Drilling Contractor, Africa   
Challenger Limited

 

Best Innovation in Drilling Technology

Best Innovation in Drilling Technology, Western Europe   
Prekubator

Best Innovation in Drilling Technology, Eastern Europe   
OMV

Best Innovation in Drilling Technology, Middle East   
Abu Dhabi National Oil Company (ADNOC)

Best Innovation in Drilling Technology, North America   
Tesco Corporation

Best Innovation in Drilling Technology, Latin America   
SISMOPETROL S.A.

Best Innovation in Drilling Technology, Asia   
Archer

Best Innovation in Drilling Technology, Africa   
PetroSA

 

Best Downstream Oil and Gas Company

Best Downstream Oil and Gas Company, Western Europe   
Statoil

Best Downstream Oil and Gas Company, Eastern Europe   
Georgian Oil and Gas Corporation

Best Downstream Oil and Gas Company, Middle East   
Saudi Aramco

Best Downstream Oil and Gas Company, North America   
Chevron

Best Downstream Oil and Gas Company, Latin America   
Organización Terpel S.A.

Best Downstream Oil and Gas Company, Asia   
Star Petroleum

Best Downstream Oil and Gas Company, Africa   
EGAS

 

Best Oil and Gas Downstream Service and Solutions Company

Best Oil and Gas Downstream Service and Solutions Company, Western Europe   
SGS

Best Oil and Gas Downstream Service and Solutions Company, Eastern Europe
3M

Best Oil and Gas Downstream Service and Solutions Company, Middle East   
Addax&Oryx Group

Best Oil and Gas Downstream Service and Solutions Company, North America   
Weir Oil & Gas

Best Oil and Gas Downstream Service and Solutions Company, Latin America   
Grupo OAS

Best Oil and Gas Downstream Service and Solutions Company, Asia   
IRPC

Best Oil and Gas Downstream Service and Solutions Company, Africa   
PetroSA

 

Best Oil and Gas Clean Energy Company

Best Oil and Gas Clean Energy Company, Western Europe   
Shell

Best Oil and Gas Clean Energy Company, Eastern Europe   
Gazprom

Best Oil and Gas Clean Energy Company, Middle East   
Masdar

Best Oil and Gas Clean Energy Company, North America   
Emerson

Best Oil and Gas Clean Energy Company, Latin America   
GAZEL

Best Oil and Gas Clean Energy Company, Asia   
Thai Oil Public Company Limited

Best Oil and Gas Clean Energy Company, Africa   
Sasol


Best Oil and Gas Project

Best Oil and Gas Project, Western Europe   
Cuadrilla (Preese Hall Field 1)

Best Oil and Gas Project, Eastern Europe   
OAO Novatek (Yurkharovskye Field)

Best Oil and Gas Project, Middle East   
Saudi Aramco (Khursaniyah Field)

Best Oil and Gas Project, North America   
Chevron (Blind Faith Field)

Best Oil and Gas Project, Latin America   
HRT Particpacoes (Solimoes Basin)

Best Oil and Gas Project, Asia
Chevron (Platong Gas Field II)

Best Oil and Gas Project, Africa
Tullow Oil (Jubilee Field)

 

Best Oil and Gas Investment Company

Best Oil and Gas Investment Company, Western Europe   
UBS Energy Investments

Best Oil and Gas Investment Company, Eastern Europe   
Kulczyk Investments

Best Oil and Gas Investment Company, Middle East   
Boubyan Petrochemical Company

Best Oil and Gas Investment Company, North America   
Citi Group

Best Oil and Gas Investment Company, Latin America   
Itau Unibanco

Best Oil and Gas Investment Company, Asia
Fortune Oil

Best Oil and Gas Investment Company, Africa
Standard Bank


Best Oil and Gas Production Service and Solutions Company

Best Oil and Gas Production Service and Solutions Company, Western Europe   
CGGVeritas

Best Oil and Gas Production Service and Solutions Company, Eastern Europe   
3M

Best Oil and Gas Production Service and Solutions Company, Middle East   
Petrofac

Best Oil and Gas Production Service and Solutions Company, North America   
Schlumberger

Best Oil and Gas Production Service and Solutions Company, Latin America   
Team Service Solutions Provider

Best Oil and Gas Production Service and Solutions Company, Asia   
IHS Global E&P Services

Best Oil and Gas Production Service and Solutions Company, Africa   
Transocean


Best Oil and Gas EPC Company

Best Oil and Gas EPC Company, Western Europe   
Technip

Best Oil and Gas EPC Company, Eastern Europe   
Aker Solutions

Best Oil and Gas EPC Company, North America   
SNC-Lavalin

Best Oil and Gas EPC Company, Latin America   
Skanska Latin America

Best Oil and Gas EPC Company, Middle East   
National Petroleum Construction Company (Abu Dhabi)

Best Oil and Gas EPC Company, Asia
CUEL Public Company

Best Oil and Gas EPC Company, Africa
AMEC

 

Best Oil and Gas Logistics Company

Best Oil and Gas Logistics Company, Western Europe   
CLH

Best Oil and Gas Logistics Company, Eastern Europe
Cross Caspian Oil and Gas Logistics

Best Oil and Gas Logistics Company, Middle East
Weatherford International

Best Oil and Gas Logistics Company, North America
Halliburton

Best Oil and Gas Logistics Company, Latin America   
LOGISTICA DEL NEUQUEN S.A.

Best Oil and Gas Logistics Company, Asia
Siam Gas

Best Oil and Gas Logistics Company, Africa   
Baker Hughes

 

Best Oil and Gas Safety Service and Solutions

Best Oil and Gas Safety Service and Solutions, Western Europe   
Inmarsat

Best Oil and Gas Safety Service and Solutions, Eastern Europe   
Promtekh Group Holding

Best Oil and Gas Safety Service and Solutions, Middle East   
United Safety

Best Oil and Gas Safety Service and Solutions, North America   
Athens Group

Best Oil and Gas Safety Service and Solutions, Latin America   
Saxon Energy Services Inc.

Best Oil and Gas Safety Service and Solutions, Asia
Equilibria

Best Oil and Gas Safety Service and Solutions, Africa
Global Engineering and Safety

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The May – June 2013 Issue

Highest corporate tax
rates in Europe

European countries are scrambling to raise every last penny of funds through taxes. But some countries may have gone too far...

Belgium

Though all business taxes in Belgium can be paid online with little effort and preparation, the rates are still sky-high at 57.7 percent, including a staggering 50.8 percent total rate on profits only in social security contributions.

Belarus

In Belarus, a company spends up to 338 hours annually preparing for and paying ten different taxes and duties. The total tax rate has incredibly been lowered to 60.7 percent, from 117.5 percent in 2008.

France

A company in France pays seven different taxes and duties, the sum of which can amount to 65.7 percent of profits; though President François Hollande has announced a wave of business tax rate cuts coming up.

Estonia

A business in Estonia pays 67.3 percent of profits in tax, 37.2 percent exclusively in social security contributions. The country has gone against the grain in Europe by raising businesses taxes from 48.6 percent in 2008 to the current rates.

Italy

While corporate income tax (IRES) in Italy is limited to 38 percent of taxable profit, a company operating in Italy can expect to pay 14 other taxes and duties, including social security contributions, bringing their total payable tax to 68.7 percent of profits, according to the World Bank.

Norway

Norway taxes motor fuels twice, with a road use tax and a CO2 emissions tax. Combined with strikes in the energy sector that have curbed output, the price of gas at a local pump has soared to $10.12 per gallon.

Turkey

Though Turkey sits on the Suez Canal and neighbours many oil rich countries, the price of a gallon of average gas clocks in at $9.41 in Turkish pumps, because of a 60 percent share of taxes. 

Israel

Like Turkey, Israel is surrounded by oil-rich neighbours, but drills very little itself. Gas prices are controlled by the government, so about half of the $9.28 per gallon goes to taxes.

Hong Kong

There are few gas stations in Hong Kong, but the ones available charge up to 76 percent more per gallon than mainland China, where the government caps the cost of fuel. A gallon at the pumps will cost around $8.61 on the island.

Netherlands

Expensive labour costs make the Dutch petrol prices the dearest in Europe, at $8.26 per gallon; though the 57 percent tax add-ons don’t help.

The credit crisis

8 February 2007
HSBC warns of subprime mortgage losses

2 April 2007
New Century goes bus

14 September 2007
Wholesale markets have dried up

17 March 2008
Rescue of Bear Stearns

7 September 2008
Rescue of Fannie Mae

15 September 2008
Lehman Brothers file for bankruptcy

3 October 2008
US congress approves $700bn bailout

14 February 2009
$787bn stimulus approved by congress

 

The effects of the current financial crisis are global and irrefutable. With the collapse of Lehman Brothers, the domino effect of irresponsible public monetary policies, huge levels of unsustainable debt, and a deregulated financial sector, has escalated to the point where no corner of the globe has been left untouched.

1973 oil crisis

October 1973
Syria and Egypt launch an attack on Israel on Yom Kippur and set off a twenty day war;

1977
US President Carter creates Department of Energy, which develops the US strategic petroleum reserve

 

The Organisation of Petroleum Exporting Countries (OPEC) used their oil reserves as a weapon with the Arab Oil Embargo against those who supported Israel. By January 1974, world oil prices were four times higher than they were at the start of the crisis, especially in the US, and the shock led to a huge drop in the stock market with NYSE losing $97bn in just six weeks.  The embargo lasted five months, and the effects are still seen today.

German hyperinflation

1922-1923

Hyperinflation
1923 – 1924
Stabilisation

 

The trouble began when Germany missed a repatriation payment, worth about one third of the German deficit in this period. Inflation was already high but by 1923 it was raging. Prices doubled within hours, and by late 1923, it cost 200bn marks to buy a single loaf of bread. People burned money as it was cheaper than buying firewood. Germany eventually regained control of its economy when it introduced the Rentenmark into circulation in 1923, and then the Reichmark in 1924.

The Great Depression

1929-1933
The Great Crash
1934-1939
Recovery and Recession

 

After the decadence of the Roaring Twenties, the 1930s saw the biggest economic slump of all time. The stock market crashed on 29 October 1929, and optimism and decadent living tumbled along with the figures. The GDP fell from $103.6bn in 1929, to $66bn in 1934 and the subsequent years of recovery were the most dramatic in US history.

1907 bankers’ panic

1907
Otto Heinze and his brother Augustus Heinze bought shares of United Copper.

 

The stock market was already cautious over the tight money supply, but the US was thrown into a depression after the stock market fell nearly 50 percent from its peak in 1906. The Heinze brothers thought they could influence market shares but ended up bankrupting lenders that provided the financing to buy the stock. A chain reaction left nine institutions bankrupt. By February 1908, the panic was over and the government created the Federal Reserve system, to prevent banks from exercising too much control over the economy.