What’s Ahead for Employment in the Oil and Gas Industry?


There are many factors at play that have combined to dramatically curtail the need for oil. Aside from oversupply, other major contributors include global economic weakness – especially slower growth in China and continuing financial problems in Europe – tougher fuel economy regulations; more viable forms of alternative energy; and the development of extremely efficient engines on equipment as varied as cars, earthmovers and power plants. The dramatic growth of shale oil exacerbated the glut and had a hand in driving oil prices down along with OPEC’s strategy to keep pumping and exporting.
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The Second Coming of the U.S. as an Oil Powerhouse


The U.S. has been producing over 9 million barrels of oil per day through the first half of 2015. Production at those levels has not been seen since the early 1970s – the last time the U.S. was considered an oil powerhouse. Much has changed since that time. The potent combination of hydraulic fracturing and horizontal drilling has opened vast reserves of oil and natural gas that were once believed to be economically unviable. Our main source of imported oil is Canada and not the Middle East. The 77-year monopoly of Mexican state-owned petroleum company Pemex ended this year when it began partnering with foreign companies (including Italy’s Eni) to develop Mexico’s oil reserves.
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The Age of Innovation – Oil and Gas Past to Present


On May 25, 1961, President Kennedy announced to Congress that America would land a man on the moon and return him to Earth before the end of the decade. Eight years and two months later, Neil Armstrong stepped out of the Apollo Lunar Module and made his famous giant leap for mankind. The average R&D cycle in space exploration might have slowed since then, but it’s still around three to four years. In contrast, typical R&D cycles in the oil and gas industry are between 15 and 17 years.
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Sunny Days Ahead for Oil and Gas Joint Ventures


With the price of oil sinking on a daily basis, instability in key areas such as Russia and the Middle-East, a push to develop renewal energy sources and the ghost of the recent market crash still hanging over the major economies of the world, the oil and gas industry is in the midst of uncertain times. However, there is still a clear need and market for oil and gas products and that means that there are opportunities. Well-capitalized companies and private equity players have turned to the oil and gas market seeing opportunities to acquire both companies and assets and to invest in emerging jurisdictions. In order to facilitate these complex investments that can bring together funding from multiple countries, parties can benefit from using investment and joint venture vehicles in international finance centres with which they are familiar and which allow for flexibility of structuring, ease of use and speed of incorporation. The British Virgin Islands (BVI) and the Cayman Islands offer all of these advantages and more and are the jurisdictions of choice for savvy investors.
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