Brazil inched toward potentially imposing a tax on crude oil exports as part of a broader move aimed at insulating Latin America’s largest economy from international oil and refined product price volatility, including a price-stabilization fund for domestic diesel, gasoline and LPG. The Senate Economic Affairs committee passed the measure implementing the tax and fuel .
Wilson Sons sees business opportunities for maritime support with New Gas Law
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Wilson Sons sees business opportunities for maritime support with New Gas Law | Hellenic Shipping News Worldwide
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In a speech on 24 November 1992, marking her
Ruby Jubilee on the throne, Queen Elizabeth II said, “1992 is not a year on which I shall look back with undiluted pleasure. In the words of one of my more sympathetic correspondents, it has turned out to be an
annus horribilis.”
Annus horribilis. This is a moniker that oil and gas insiders might well apply to 2020 given the disastrous effects on the industry from Covid-19 pandemic (“Pandemic”) and its accompanying recession which brought a precipitous fall in demand and price. Indeed, in May the price of crude oil briefly went negative for the first time in history. This was followed by massive layoffs across the board and sharply curbed investments in planned and ongoing projects. Several major oil companies announced profound changes in their long-range focus from hydrocarbons to greener energy.