The Petrobras requirement to invest but inability to finance such spending has prevented the auction of key offshore rights, blocking about $120 billion of potential investment in Brazil's oil industry, according to the IBP, the country's main oil industry association.
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He remained an international expert on offshore rights and contributed to the creation of economic zones extending out to sea. He later became a judge at the international court in The Hague, sitting until 1993. He died in February 2004.
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An old oil installation in north-west Qatar. Oil exports and payments for offshore rights began in 1949 and marked a turning point in Qatar. The oil revenues would dramatically transform the economy and society and would also provide the focus for domestic disputes and foreign relations. This became apparent to Abdullah bin Jassim when several of his relatives threatened armed opposition if they did not receive increases in their allowances.
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In the 2000s, the Puntland government began official negotiations with foreign oil companies over exploration rights in the area. The provincial authorities in October 2005 granted Range Resources a majority stake in two sizable land-based mineral and hydrocarbon exploration licenses, in addition to offshore rights. The onshore Nugaal and Dharoor Valley blocks in question span over 14,424 km2 and 24,908 km2, respectively. Two years later, Range Resources obtained a 100% interest in the two blocks and concurrently farmed out 80% of that share to Canmex Minerals.
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Jens Ingebret Evensen (5 November 1917 – 15 February 2004) was a Norwegian lawyer, judge, politician (for the Labour Party), trade minister, international offshore rights expert, member of the International Law Commission and judge at the International Court of Justice in The Hague. He negotiated Norway's trading deal with European Economic Community in 1972 as minister of commerce in which he served in the governments of both Trygve Bratteli and Odvar Nordli. He then served as maritime law minister until 1979. He worked to secure government income from Norwegian oil discoveries.
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Oil blocks in Puntland In the 2000s, the Puntland government began official negotiations with foreign oil companies over exploration rights in the area. The provincial authorities in October 2005 granted Range Resources a majority stake in two sizable land-based mineral and hydrocarbon exploration licenses, in addition to offshore rights. The onshore Nugaal and Dharoor Valley blocks in question span over 14,424 km2 and 24,908 km2, respectively. Two years later, Range Resources obtained a 100% interest in the two blocks and concurrently farmed out 80% of that share to Canmex Minerals.
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With five rival oil companies vying for offshore rights, their chief geologists begin dying under suspicious circumstances. A troubleshooter, Blake Heller, is brought in by one firm to investigate, resulting in almost immediate attempts on his life as well. Heller takes a particular interest in two women, one a neighbor, Treva Saint, who has stock holdings in his oil company, and Peggy Lido, a nightclub singer. He eventually realizes that it is Peggy and her boyfriend, Paul Kimmel, who are behind the killings, Peggy gaining revenge for her former husband's business schemes.
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