Oil & Gas Awards 2012

2012 | Awards

Tuesday, November 6th, 2012

Best Fully-Integrated Company, North America
Chevron

Best Fully-Integrated Company, Latin America
Petrobras

Best Fully-Integrated Company, Western Europe
Statoil

Best Fully-Integrated Company, Eastern Europe
Gazprom

Best Fully-Integrated Company, Middle East
Petrixo Group

Best Fully-Integrated Company, Asia
PTT

Best Fully-Integrated Company, Africa
PetroSA

 

Best Independent Company, North America
Breitling Oil and Gas

Best Independent Company, Latin America
HRT Oil & Gas

Best Independent Company, Western Europe
Puma Energy

Best Independent Company, Eastern Europe
Irkutsk Oil Company | Watch the award presentation

Best Independent Company, Middle East
Crescent Petroleum

Best Independent Company, Asia
Phoenix Petroleum Philippines

Best Independent Company, Africa
Afren

 

Best Exploration & Production Company, Latin America
Pacific Rubiales Energy

Best Exploration & Production Company, Western Europe
Perenco

Best Exploration & Production Company, Middle East
Petrogas

Best Exploration & Production Company, Asia
CNPC

 

Best Downstream Company, North America
Exxon Mobil

Best Downstream Company, Latin America
PDVSA

Best Downstream Company, Western Europe
Shell

Best Downstream Company, Eastern Europe
Tatneft | Watch the award presentation

Best Downstream Company, Middle East
ADNOC

Best Downstream Company, Asia
Sinopec

Best Downstream Company, Africa
Puma Energy

 

Best Upstream Service & Solutions Company, North America
Baker Hughes

Best Upstream Service & Solutions Company, Latin America
Schlumberger

Best Upstream Service & Solutions Company, Western Europe
Emerson

Best Upstream Service & Solutions Company, Middle East
Petrofac

Best Upstream Service & Solutions Company, Asia
Kreuz Holdings

 

Best Downstream Service & Solutions Company, North America
CITGO

Best Downstream Service & Solutions Company, Latin America
Nalco

Best Downstream Service & Solutions Company, Western Europe
Cameron

Best Downstream Service & Solutions Company, Middle East
Petrofac

 

Best Drilling Contractor, North America
Blake International

Best Drilling Contractor, Latin America
Saxon Energy Services

Best Drilling Contractor, Western Europe
Archer

Best Drilling Contractor, Eastern Europe
Eurasia Drilling Company

Best Drilling Contractor, Middle East
Arab Drilling and Workover Company (ADWOC) | Watch the award presentation

Best Drilling Contractor, Asia
PV Drilling (Petrovietnam Drilling and Well Services) | Watch the award presentation

Best Drilling Contractor, Africa
Sino-Tharwa

 

Best Investment Company, North America
Forbes & Manhattan

Best Investment Company, Latin America
Sete Brasil

Best Investment Company, Western Europe
Pareto Securities

Best Investment Company, Eastern Europe
Gazprombank

Best Investment Company, Middle East
Al Rushaid Group

Best Investment Company, Africa
Diamond Bank

 

Best Refining Company, North America
United Refining Company

Best Refining Company, Latin America
Petroecuador

Best Refining Company, Western Europe
Total

Best Refining Company, Eastern Europe
Surgutneftegas

Best Refining Company, Middle East
Takreer

Best Refining Company, Asia
Byco Industries

 

Best Oil Sands Company, North America
Suncor

Best Oil Sands Company, Western Europe
Shell

Best Oil Sands Company, Asia
Sunshine Oilsands

 

Best Piping Service & Solutions Company, North America
Willbros Group

Best Piping Service & Solutions Company, Latin America
Ismocol

Best Piping Service & Solutions Company, Western Europe
Trouvay & Cauvin Group

Best Piping Service & Solutions Company, Eastern Europe
TMK Group

Best Piping Service & Solutions Company, Middle East
Kuwait Oil Company

Best Piping Service & Solutions Company, Asia
Canadoil Group

Best Piping Service & Solutions Company, Africa
WorleyParsons

 

Best Petrochemical Company, North America
Exxon Mobil

Best Petrochemical Company, Latin America
Braskem

Best Petrochemical Company, Western Europe
BASF

Best Petrochemical Company, Eastern Europe
Sibur

Best Petrochemical Company, Middle East
SABIC

Best Petrochemical Company, Asia
China Petroleum and Chemical Corporation

Best Petrochemical Company, Africa
SABIC

 

Best Innovation in Drilling Technology, North America
National Oilwell Varco

Best Innovation in Drilling Technology, Latin America
Estrella SP

Best Innovation in Drilling Technology, Western Europe
Archer

Best Innovation in Drilling Technology, Eastern Europe
OMV

Best Innovation in Drilling Technology, Middle East
Saudi Aramco

Best Innovation in Drilling Technology, Asia
China National Petroleum Corporation

Best Innovation in Drilling Technology, Africa
PetroSA

 

Best Sustainable Company, North America
Emerson

Best Sustainable Company, Latin America
Pacific Rubiales Energy

Best Sustainable Company, Western Europe
Statoil

Best Sustainable Company, Eastern Europe
Rosneft

Best Sustainable Company, Middle East
EQUATE Petrochemical Company

Best Sustainable Company, Asia
PTT

 

Best EPC Service & Solutions Company, North America
IHS

Best EPC Service & Solutions Company, Latin America
Inelectra International

Best EPC Service & Solutions Company, Western Europe
AMEC

Best EPC Service & Solutions Company, Eastern Europe
Aker Solutions

Best EPC Service & Solutions Company, Middle East
Al Hassan Group

Best EPC Service & Solutions Company, Africa
GE Oil & Gas

 

Best Logistics Service & Solutions Company, North America
TNT

Best Logistics Service & Solutions Company, Latin America
Integral de Sevicios Tecnicos

Best Logistics Service & Solutions Company, Western Europe
DHL

Best Logistics Service & Solutions Company, Middle East
Aramex

Best Logistics Service & Solutions Company, Asia
Agility

 

Best Consultants, North America
Eurasia Group

Best Consultants, Latin America
ArceRojas Consultores & Cía

Best Consultants, Western Europe
Ernst & Young

Best Consultants, Eastern Europe
PWC Russia

Best Consultants, Middle East
Deloitte

Best Consultants, Africa
McKinsey & Company

 

Best CEO, North America
Trevor Rees Jones, Chief Oil & Gas

Best CEO, Latin America
Maria das Graças Silva Foster, Petrobras

Best CEO, Western Europe
Helge Lund, Statoil

Best CEO, Middle East
Sara Akbar, CEO Kuwait Energy

Best CEO, Asia
Zhou Jiping, PetroChina

Best CEO, Africa
Nosizwe Nocawe Nokwe, PetroSA

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The May – June 2013 Issue

Latest headlines

Top 5

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.

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