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Petroleum fiscal and licensing month in brief: Indonesia changes, Nigeria drafts, Australia reviews and Brazil debates
Changes in fiscal terms: new gross PSC model in Indonesia, mineral extraction tax increased in Russia, subsoil use tax reduced in Ukraine. Ongoing ...
Petroleum fiscal systems: 2016 in review
2016 kept pace with 2015, registering 41 changes to oil and gas fiscal terms. The last two years have been fiscally unstable as governments tried t...
Petroleum fiscal systems: what to look for in 2017
There were over 40 changes to fiscal systems in 2016, and we foresee 2017 being just as busy, with several countries already formally reviewing ter...
Caspian upstream 2016 in review: a headline-grabbing year
The low oil price made 2016 a challenging year for economies and currencies dependent on hydrocarbon exports. The low oil price weakened foreign ex...
Cenovus sells its Palliser assets to Torxen Energy and Schlumberger for US$1.0 billion
On 19 October 2017, Cenovus announced the sale of its Palliser assets to Torxen Energy and Schlumberger for cash proceeds of Cdn$1.3 billion (US$1....
Chesapeake Energy sells its Barnett Shale assets to Saddle Resources
In lieu of proceeds, Saddle Resources will provide a lump sum payment to Williams Partners as settlement for terminating Chesapeake's midstream con...
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