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Sales director

Bruck BV is a fast growing international company with worldwide 1200 employees. Bruck provides high-end products for major industries like oil, gas, (petro) chemicals, renewable energy and air- space industries. This means operating in a high demanding, fast moving, dynamic and professional environment.

Bruck BV
Chief Mechanical Engineer – Group Technical Authority (GTA)

Based at BG Group’s headquarters in Reading within the central engineering function, you’ll provide static mechanical engineering support across our business, travelling overseas when required. Advising on both mature and green-field developments, you’ll make sure best practice policies are developed and shared across BG Group.

BG Group
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BG Group is a global business and a leader in exploration, production and delivery of natural gas. We are a fast-growing company and a member of the FTSE 20. Our expertise in every aspect of our industry, from drilling to distribution to the final customer, enables us to connect gas reserves to markets – quickly, profitably and effectively.

BG Group
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BG Group is a global business and a leader in exploration, production and delivery of natural gas. We are a fast-growing company and a member of the FTSE 20. Our expertise in every aspect of our industry, from drilling to distribution to the final customer, enables us to connect gas reserves to markets – quickly, profitably and effectively

BG Group
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LIVE

Wednesday, 19 November, 2008, 22:40 GMT | more >>

Caracas nod for windfall oil tax

By Upstream staff

Venezuela's Congress today gave initial approval to a windfall oil tax that extends leftist President Hugo Chavez's campaign to increase government revenue from the Opec nation's oil industry.

The tax will tap into private company profits amid record oil prices above $100 per barrel, giving Chavez extra funds to shore up his self-styled socialist revolution and stepping up his confrontation with global energy giants.

A statement on the legislature's website said the measure will "readjust the excessive benefits of foreign investors that are above the reasonable levels of profitability".

The legislation, called the Tax on Extraordinary Hydrocarbons Prices Law, taxes 50% of oil revenues between $70 per barrel and $100 per barrel and 60% of revenues above $100 per barrel.

The tax will be levied on oil and refined product exports based on average monthly prices of benchmark Brent crude. The Chavez-controlled Congress is all but certain to give final approval to the legislation, most likely by next week.

It will apply to private companies and state oil company PDVSA, which controls the vast majority of Venezuela's oil production.

But the draft law would allow PDVSA, the financial engine of Chavez's social development efforts, to deduct billions of dollars in certain social spending contributions from the payment of the tax, a Reuters report said.

Companies will be able to deduct windfall tax payments from their income taxes.

A group of joint ventures between PDVSA and minority partners such as Shell that produce around 350,000 barrels per day appear to be exempt from the tax because they sell oil to PDVSA rather than exporting directly.

Under the current version of the law, the largest tax burden would fall on private partners of four Orinoco heavy oil belt projects including BP, Chevron, StatoilHydro, and France's Total.