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News
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Shell's Support for Carbon Capture Plant Raises hopes for Emissions Cuts
The Independent (London) [LEXISNEXIS], May 16, 2008
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Shell's Support for Carbon Capture Plant Raises hopes for Emissions Cuts
The Independent (London) [LEXISNEXIS], May 16, 2008
Royal Dutch Shell has agreed to invest in one of the largest carbon capture and storage (CCS) projects in the world. |
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PG&E Wants to Upgrade its Grid
The San Francisco Chronicle (California) [LEXISNEXIS], May 16, 2008
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PG&E Wants to Upgrade its Grid
The San Francisco Chronicle (California) [LEXISNEXIS], May 16, 2008
Pacific Gas and Electric Co. wants to spend $2.3 billion over the next six years to improve the reliability of its electricity grid and cut the number of blackouts its customers endure. |
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Petronas Ventures Further Into Uzbekistan
Emerging Europe Oil and Gas Insights [LEXISNEXIS], May 16, 2008
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Petronas Ventures Further Into Uzbekistan
Emerging Europe Oil and Gas Insights [LEXISNEXIS], May 16, 2008
Malaysia's Petronas is set to further expand its portfolio in Uzbekistan, having signed a production sharing agreement (PSA) with the Uzbek government for three fields in the country's northern region of Ustyurt. |
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Return to Rio
The Economist [LEXISNEXIS], May 16, 2008
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Return to Rio
The Economist [LEXISNEXIS], May 16, 2008
How Antonio Brufau is turning a refiner and petrol retailer into a real oil company. |
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Indonesia's Oil Production Reaches 977,000 BPD
Asia Pulse [LEXISNEXIS], May 16, 2008
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Indonesia's Oil Production Reaches 977,000 BPD
Asia Pulse [LEXISNEXIS], May 16, 2008
Oil and Gas Director General Luluk Sumiarso said that Indonesia's year-to-date oil production in April 2008 amounted to 997,066 barrels per day. |
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Despite Bush's Opposition, Congress Votes to Halt StockpilingOil
Christian Science Monitor [LEXISNEXIS], May 15, 2008
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Despite Bush's Opposition, Congress Votes to Halt StockpilingOil
Christian Science Monitor [LEXISNEXIS], May 15, 2008
In defiance of the White House, Congress - including nearly all Republicans - voted overwhelmingly this week to halt purchases of oil for the Strategic Petroleum Reserve. |
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Solar Energy Export Scheme to Europe Planned by Algeria's Sonelgaz
Global Insight [LEXISNEXIS], May 15, 2008
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Solar Energy Export Scheme to Europe Planned by Algeria's Sonelgaz
Global Insight [LEXISNEXIS], May 15, 2008
Algeria's state-owned power utility Sonelgaz is pursuing a solar energy export scheme to Europe and is mulling laying two high-voltage cables along gas pipelines to Spain and Italy's Sardinia. |
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Insights
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  Climate Change: Current accounting and tax issues for Australian business leaders
KPMG, May 12, 2008
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Climate Change: Current accounting and tax issues for Australian business leaders
KPMG, May 12, 2008
In this article, KPMG reviews climate change taxation, accounting and corporate reporting issues relevant to the capital markets in the lead up to the 2010 introduction of emissions trading. |
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Recent KPMG Articles Published in WorldPower
WorldPower, Apr 30, 2008
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Recent KPMG Articles Published in WorldPower
WorldPower, Apr 30, 2008
For this year’s edition of WorldPower, KPMG firms have contributed a number of articles developed by our thought leaders and subject matter professionals. |
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Climate Change Business Leaders Survey II
KPMG, Apr 28, 2008
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Climate Change Business Leaders Survey II
KPMG, Apr 28, 2008
This survey, undertaken by YouGovStone on behalf of KPMG's Carbon Advisory Group, interviewed 209 senior UK business executives from the FTSE 350 and equivalent private companies, illustrates that whilst climate change is still featuring on boardroom agendas; significant progress still needs to be made if UK business is to meet the challenges demanded by the recent European Commission proposals, the UK Climate Change bill and, increasingly, consumers. |
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Taxation and the Environment
KPMG, Apr 24, 2008
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Taxation and the Environment
KPMG, Apr 24, 2008
This paper suggests that governments have a particular responsibility for preservation of the environment, and briefly compares the different ways in which their influence may be exerted: by regulation, tax charges, emissions trading schemes, subsidies and tax reliefs, and education or persuasion. |
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The Revenue Procedure 2004-19 Safe Harbor Election Should Be Considered for Major Acquisitions of Oil and Gas Properties
KPMG, Apr 16, 2008
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The Revenue Procedure 2004-19 Safe Harbor Election Should Be Considered for Major Acquisitions of Oil and Gas Properties
KPMG, Apr 16, 2008
This article discusses the Revenue Procedure 2004-19 that taxpayers may elect to make the determination in accordance with a “safe harbor” computation based on oil and gas reserves reported in their financial statements. |
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Oil and Gas Prices: The Exchange Rate Impact
KPMG, Apr 8, 2008
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Oil and Gas Prices: The Exchange Rate Impact
KPMG, Apr 8, 2008
Exchange rates around the world are having significant impacts on the price of oil when converted from the West Texas intermediate price to local currencies. As a result of these variations, the price of oil in local market currencies has not increased as dramatically as it has in the United States. This document or "Rate Card" was created by KPMG's Canadian ENR Practice with the sole intention of sharing industry information with those involved in the Oil and Gas Industry. The rate card contains the historical commodity prices from the major US exchanges as well as the corresponding historical exchange rates for Canada and Europe so that conversion into local currencies can be tracked and analyzed. |
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The History and Development by the Supreme Court of the Mineral “Economic Interest” Doctrine for Federal Income Tax Purposes
KPMG, Apr 7, 2008
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The History and Development by the Supreme Court of the Mineral “Economic Interest” Doctrine for Federal Income Tax Purposes
KPMG, Apr 7, 2008
For the oil and gas industry, application of the economic interest doctrine is key in determining the tax treatment in many different situations. This article looks back at the state of the law before the U.S. Supreme Court instituted the economic interest doctrine, reviews cases that established and interpreted the doctrine, and considers how those cases may affect the oil and gas industry today. |
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