Insights

Insights

How to plan for no-deal Brexit

05/03/2019

Many businesses have been preparing for months for Brexit, but in hope and expectation there would be a withdrawal agreement under which we would have 20 months of transition to implement plans for our ultimate exit.

Insights

Huge backlog could trigger new wave of shale oil

22/01/2019

The number of drilled but uncompleted wells (DUCs) in the U.S. shale patch has skyrocketed by roughly 60 percent over the past two years. That leaves a rather large backlog that could add a wave of new supply, even if the pace of drilling begins to slow.

Insights

HMRC launches new Profit Diversion Compliance Facility

18/01/2019

On 10 January 2019, HMRC launched a new Profit Diversion Compliance Facility (PDCF) aimed at multinational enterprises who have used cross-border arrangements that HMRC considers may result in an artificial reduction in UK profits, including arrangements targeted by the Diverted Profits Tax (DPT) legislation.

Insights

OPINION: Culture, values and technology – the world of compliance is changing

06/09/2018

The current compliance landscape is one of rapidly changing regulatory requirements, continuous advances in technologies, and declining consumer trust. Energy companies’ compliance functions are being asked to deliver more in a constrained cost environment, facing increasing regulation and responding to the demands of multiple regulators. Luckily technology changes in the form of Automated Compliance are now able to really help.

Insights

OPINION: The new oil cartel threatening OPEC

06/07/2018

When reports emerged that India and China are in talks about forming an oil buyers' club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying.

Insights

OPINION: Saudi Arabia won’t prevent next oil shock

29/06/2018

Saudi Arabia is starting to panic, and is growing concerned that the growing number of supply disruptions around the world could cause oil prices to spike. Saudi Arabia is moving quickly to head off a supply crunch, aiming to dramatically ramp up production to a record high 11 million barrels per day in July, according to Reuters.

Insights

What the frack? When is a ban a ban?

25/06/2018

It appears I spoke too soon in my October 2017 blog on the announcement by the Minister for Business, Innovation and Energy that the Scottish Government’s moratorium on unconventional oil and gas development (“UOGD”) (usually referred to as ‘fracking’) which was imposed in 2015 would be extended into a permanent ban.

Insights

OPINION: The Fed is driving down oil prices

20/06/2018

The U.S. dollar has jumped to its strongest level in nearly a year, raising questions about how a strong greenback could act as a drag on debt and oil demand in much of the world.

Insights

OPINION: Can Saudi Arabia prevent the next oil shock?

15/06/2018

The ongoing speculation online about the future of cooperation between Russia and OPEC seems to be a little one-sided. The main point of discussion up until now has been the fact that, due to international pressure (such as Trump’s Twitter diplomacy, perceived Russian willingness to open up the taps and pressure from Asian consumers) Saudi Arabia will be willing to revoke its current production cut stance.

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