Natural gas shale plays in the US, Argentina, and China along with US shale oil production could lead to cuts in exports from Russia and the Middle East.
Issues relating to product pricing, taxation, cost recovery, and sale of gas to Petrobangla were among the concerns raised by international oil companies.
An economic assessment of the Petroleum Industry Bill being debated in Nigeria reveals deepwater and natural gas projects could be slammed with tax increases.
The company’s 2012 Oil Sands Report on its Canadian operations shows production increased by more than 60% and carbon dioxide intensity dropped by nearly 24%.