Global Trade Restrictions and Related Compliance Issues Pertaining to Oil and Gas Production Chemicals
Abstract of the Presentation by Boston Strategies International Delivered at the Offshore Technology Conference (OTC), Houston, Texas, on March 2, 2011.
Compliance and regulatory issues are driving not only the cost of oil and gas production chemicals, but also the underlying technology, the pace of innovation, and the industry structure. Suppliers' response to the competitive, economic, and regulatory environment will determine their ability to supply innovative chemicals safely and legally in the future. A proper understanding of the industry dynamics is essential for executives and procurement professionals in the industry.
The paper will provide an overview of the legislation and regulatory frameworks that affect the trade of oil and gas production chemicals such as demulsifiers, corrosion inhibitors, biocides, and scale inhibitors. It will explore and explain global compliance restrictions and issues such as the impact of legislation such as Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), harmonized tariffs, labeling requirements, and regulations on Persistent Organic Pollutants. It will trace the historical evolution of production by region, and examine factors affecting trade. The regional view will examine regional production capacity, regional demand, and inter-regional trade imbalances, with particular attention to transport issues and non-tariff barriers such as import regulations, exchange rates, and capital repatriation restrictions. While multiple regions will be explored, the author will pay particular attention to NAFTA and the evolution of the regulatory and trade compliance issues over time through the recent recession, the spill resulting from the Macondo blow-out, and recent growth in the green movement. It will conclude with the authors forecast for the industry in both the short term and the long-term, including regional economic forecasts, changes in business models, and the prospect for mergers and acquisitions, competitiveness, and innovation.
This paper will provide discrete conclusions and guidance to help users and buyers of oil and gas production chemicals better understand the range of suppliers that may be able to legally, safely, and cost-effectively supply them, and thereby establish stable and high-value relationships while complying with applicable regulations. It will provide instant value for executives, procurement professionals, sales and marketing executives, and professional service providers (researchers, academics, and consultants).
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