FPS Conversion and Rig Building Projects

Annual Production of Total Liquid Petroleum and Impact on Future Trend

The annual production of all petroleum producing countries had been growing steadily year-on-year with Brazil showing the steepest climb in the last five years. The production rates were kept on full steam ahead to meet the actual consumption demand, stock requirements, strategic reserves and speculators indulgence in market economy. This led to the price increase [...]

June 7th, 2016|Categories: Blog, FPS Conversion and Rig Building Projects|0 Comments

Role of International Private Law in Jurisdictions Without Jurisprudence of Oil & Gas Exploration Contracts

The series of commercial and legally enforceable agreements lays the foundation of exploitation of an offshore Oil & Gas field. The legislation for exploitation of natural reserves, specifically oil and gas from the sea bed, began in the 1950s in North America. The trend continued to grow through mostly domestic resources. In the 1970s with [...]