Sentence examples for on offshore fields from inspiring English sources

The chancellor halved a supplementary charge levied on offshore fields and completely abolished a 30% petroleum revenue tax.

The Office for Budget Responsibility OBRR) blamed falling production and higher spending on offshore fields for the decline – from £38.2bn to £29.5bn – in the amount of tax receipts it expects to come from oil and gas resources in the period to 2017.

Thanks to the development of offshore fields, the nation has become self-sufficient in oil, ending decades of dependence on foreign producers.

BP already has a joint venture with Reliance on one exploratory offshore field, and it has a partnership to make solar panels with the Tata Group, a large Indian conglomerate.

Mr. Putin appeared to try to put that concern to rest last week when he announced the canceling of high taxes on exports from new offshore fields for five to 15 years, depending on the scale of the project.

The state profits from oil and natural gas both through taxes imposed on production from its offshore fields and from direct investment in petroleum projects.

In the next five years, Petrobras plans to spend more than $30 billion on the development of the offshore fields.

Going it alone, as Petrobras of Brazil has found in its vast new offshore fields, can pile on costs and delays.Huge oil and gas developments typically take five years or more to get running, so Rosneft needs to start now.

One innovation is "floating LNG", vast vessels that can process gas from smaller offshore fields and then move on when the fields are exhausted.

Mexican oil production centres on a series of huge inland and offshore fields in the region, near Villahermosa and other parts of the southern Bay of Campeche.

The two companies have a technology-sharing alliance, a pact to cooperate on biofuels development and joint ventures to develop offshore fields.