Most of my clients who are
global oil and gas companies slashed capital expenditures by about 40 % between 2014 and 2016.
This report provides a snapshot of the potentially unneeded capex spend for 69
global oil and gas companies — highlighting for the rst time, the wide - ranging degree of exposure amongst companies in the sector.
Not exact matches
The increased deployment of drones to the Arctic this year doesn't just spell economic opportunity for
global shippers of
oil and gas companies but also for drone manufacturers.
Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political,
and capital markets conditions
and other factors beyond the
Company's control, including natural
and other disasters or climate change affecting the operations of the
Company or its customers
and suppliers; (2) the
Company's credit ratings
and its cost of capital; (3) competitive conditions
and customer preferences; (4) foreign currency exchange rates
and fluctuations in those rates; (5) the timing
and market acceptance of new product offerings; (6) the availability
and cost of purchased components, compounds, raw materials
and energy (including
oil and natural
gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural
and other disasters
and other events); (7) the impact of acquisitions, strategic alliances, divestitures,
and other unusual events resulting from portfolio management actions
and other evolving business strategies,
and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a
global enterprise resource planning (ERP) system, or security breaches
and other disruptions to the
Company's information technology infrastructure; (10) financial market risks that may affect the
Company's funding obligations under defined benefit pension
and postretirement plans;
and (11) legal proceedings, including significant developments that could occur in the legal
and regulatory proceedings described in the
Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017,
and any subsequent quarterly reports on Form 10 - Q (the «Reports»).
The
companies in the FTSE 350 with all - male boards were named as Allied Minds, Centamin, Deajan Holdings, HellermannTyton Group, Nostrum
Oil and Gas, Perpetual Income
and Growth Investment Trust, Telecom Plus, Wizz Air Holdings, Al Noor Hospitals Group, Clarkson, Genus, Lookers, P2P
Global Investments, Scottish Investment Trust,
and Tritax Big Box Reit.
His front - page articles on fracking
and shale
gas and oil introduced readers to the
companies, technology,
and personalities that changed the
global energy landscape.
Before joining Bain &
Company in 2009, Juan Carlos worked for a large private capital fund as an investment manager in Energy
and Resources
and also in the
Oil &
Gas and Clean Energy practice of another
global consultancy.
The sponsors withdrew the resolution after the
company agreed to report on how much of its
oil and gas reserves would become unsellable — or stranded — if a
global treaty decreased fossil fuel demand.
Holdings in the funds mentioned as a percentage of net assets as of 9/30/2014: Berry Plastics 0.00 %, Cooper Tire & Rubber
Company 0.00 %, Devon Energy Corp. 1.82 % in
Global Resources Fund, EOG Resources, Inc. 2.13 % in
Global Resources Fund, Goodyear Tire
and Rubber
Company 0.00 %, Royal Dutch Shell 0.00 %, SPDR S&P
Oil &
Gas Exploration & Production ETF 0.00 %, Tiffany & Co. 0.44 % in Gold
and Precious Metals Fund.
The Fund's top contributor for the quarter was a Swiss luxury goods
company, while the largest detractor was a U.S. - based
global oil and gas exploration
company.
But as the consortium of Asian energy
companies that submitted the Canadian project for regulatory approval three years ago weighs it's options in a
global energy market now flooded with cheap
oil and gas,
and further considers the 190 conditions attached to Ottawa's approval, including a cap on annual green house
gas emissions, it may be some time before this project crosses the finish line.
Focusing on the United Kingdom, we believe current conditions favor large UK multinational
companies that obtain much of their earnings abroad or report their results in foreign currencies (e.g.,
global integrated
oil and gas companies).
The difference, however, is that while foreign
companies mostly sold
oil assets, they mainly purchased natural
gas assets as an adjustment strategy to cope with the anticipated decline in
oil prices
and even the
global oil industry.
The largest contributor to performance for the fiscal year was Apache, a
global oil and gas exploration
company, which returned 66 %.
The EITI sets
global standards to monitor
and reconcile
company payments
and government revenues from
oil,
gas and mining at the country level.
Ibrahim's
companies affected by the order include NICON Investment Limited,
Global Fleet
Oil and Gas Limited, Nigeria Re-Insurance
Company Plc, NICON Insurance
Company Plc, Nigeria Stockbrokers Limited
and NICON Trustees Limited.
The consortium of experts was able to track the
global movements of the country's hydro - carbons including crude
oil and gas with the main purposes of identifying the
companies engaged in the practices that led to missing revenues from crude
oil and gas exports sales to different parts of the world.
In November, New York Attorney General Eric Schneiderman announced that his office would investigate ExxonMobil — the world's biggest
oil and gas company — for misleading the public about
global warming.
Rather, the world's largest
oil company maintained that all sources of energy, including fossil fuels, will be necessary to meet the future
global demand
and that the best path toward managing greenhouse
gas emissions is through technology advancement
and adoption of energy efficiency programs.
An EDF - backed methane science effort involving the ten
Oil &
Gas Climate Initiative
companies is underway to better measure
and report
global emissions.
After the
Company was acquired by GE
Oil &
Gas in 2011, he ultimately became
Global Sourcing & Capex Director, working between the UK
and Brazil.
Earlier in his career, as an equity investment analyst at Capital, he covered
global oil &
gas companies and U.S. multi-utilities.
The onset of the
global recession in the fall of 2008
and the resulting decrease in worldwide demand for hydrocarbons caused many
oil and natural
gas companies to curtail capital spending for exploration
and development.
``... the
company [Exxon Mobil], the world's largest
oil and gas concern, has increased donations to Washington - based policy groups that, like Exxon itself, question the human role in
global warming
and argue that proposed government policies to limit carbon dioxide emissions associated with
global warming are too heavy handed.
Charles Koch
and his brother David are majority shareholders in Koch Industries, an immense conglomeration of
oil and gas companies with a
global reach —
and a definite interest in denying any link between fossil - fuel use
and climate change.
Global Witness wrote to the 47
companies which have been awarded
oil and gas blocks in Myanmar in the last year inviting them to answer a series of questions about their ownership.
Global Witness is calling for Myanmar's EITI process to require
oil and gas companies to open their true owners up to public scrutiny,
and for the World Bank
and other international donors backing the scheme to support such disclosure.
The majority of
companies recently awarded
oil and gas blocks in Myanmar have failed to answer questions over who really owns them, said
Global Witness as it released its survey of
oil and gas company ownership in the country.
Between 60 - 80 % of coal,
oil and gas reserves of publicly listed
companies are «unburnable» if the world is to have a chance of not exceeding
global warming of 2 °C
In seeking to sue ExxonMobil
and other
oil and gas companies for contributing to climate change, San Francisco hired the one lawyer who has spent the last decade conspiring with activists to try
and figure out a way to blame individual
companies for
global warming.
This week, two California cities, San Francisco
and Oakland, announced they are suing five
oil and gas companies for allegedly causing
global sea levels to rise.
Scientists have shown that most of the coal,
oil and gas reserves such
companies own will have stay in the ground if the
global rise in temperature is to be kept under 2C.
The report argues that «60 - 80 % of coal,
oil and gas reserves of publicly listed
companies are «unburnable» if the world is to have a chance of not exceeding
global warming of 2 °C.»
I can't speak for
oil and gas analysts, but I'd be surprised based on past experience in the industry if the risk of a 10 % or greater drop in
global demand for
oil or
gas in the 2030s would have much of an effect on their price targets for
companies — certainly not enough to qualify as a bubble.
The big
global energy
companies, like Exxon
and BP, are perfectly capable of shifting their focus from
oil to
gas and if the market gets large enough, to renewables.
If, as Brulle declares, these groups are all «fronts» (his word) for
oil,
gas,
and goal
companies, those carbon - fuel
companies are more devious than we thought, because they managed to completely take over,
and turn to their advantage, national organizations with long histories like the Chamber of Commerce, the Farm Bureau,
and the Heritage Foundation — major national organizations that were advising Presidents long before
Global Warming / Climate Change was ever heard of.
He holds a majority controlling share in Reliance Industries Limited (RIL), a
company with a market capitalisation of $ 47 billion
and global business interests that include petrochemicals,
oil, natural
gas, polyester fibre, Special Economic Zones, fresh food retail, high schools, life sciences research
and stem cell storage services.
Ben van Beurden, the Shell chief executive, has repeatedly stated that the fossil fuel giant is a responsible
company that fully accepts the need to counter manmade
global warming, has campaigned for a tax on greenhouse
gas emissions,
and is moving its focus from
oil to cleaner fuels such as
gas.
United States district Judge William Alsup has asked lawyers for two California cities
and five of the world's largest
oil and gas companies to come to court Wednesday to present «the best science now available on
global warming.»
The
company expects energy demand to grow at an average of about 1 % annually over the next three decades — faster than population but much slower than the
global economy — with increasing efficiency
and a gradual shift toward lower - emission energy sources:
Gas increases faster than
oil and by more BTUs in total, while coal grows for a while longer but then shrinks back to current levels.
Oil companies are expected to argue human greenhouse
gas emissions were the main driver of recent
global warming
and that it is a problem, but their legal filings contest their liability
and the use of courts to settle what's considered a
global matter.
25
oil and gas companies in Myanmar have set a
global precedent by publishing who their real owners are, said Global Witness in a new report published
global precedent by publishing who their real owners are, said
Global Witness in a new report published
Global Witness in a new report published today.
The
Global Climate Disclosure Framework, a reporting guide issued by the Institutional Investors Group on Climate Change, Ceres
and the Investor Group on Climate Change, calls on
oil and gas companies to disclose the carbon intensity of their operations.
At the new conference, both stressed that this would be in the funds» financial interests, both because energy
companies have been underperforming compared to market indices
and because any substantial
global action to limit climate change could prevent the
companies from exploiting all of their
oil and gas reserves.
By Brad Plumer, NYTimes, Feb 2, 2018 Exxon Mobil's shareholders — concerned that the
company's main businesses,
oil and natural
gas, may be imperiled — had demanded last year that the
company give a more detailed accounting of the consequences of
global policies aimed at curbing emissions of earth - warming
gases.
These
companies have known for decades that their products — coal,
oil,
and natural
gas — cause harm, yet even today they continue to fund front groups
and trade associations who seek to sow confusion about climate science
and block policies designed to reduce the heat - trapping emissions that cause
global warming.
The new
global study comes out of an announcement made by EDF
and several
oil and gas companies in 2015 at COP21 in Paris to better quantify the industry's contribution to
global methane emissions across the value chain.
The cities» lawsuits allege — supported by modern climate science — that major
oil and natural
gas companies contribute substantially to
global warming by extracting
and using fossil fuels, which emit massive quantities of heat - trapping greenhouse
gases into the atmosphere, causing ocean waters to warm
and ice sheets to melt,
and thus, sea levels to rise, endangering coastal communities.
The suit was brought by landowners in Mississippi, who claim that
oil and coal
companies emitted greenhouse
gasses that contributed to
global warming that, in turn, caused a rise in sea levels, adding to Hurricane Katrina's ferocity.
Sources for this report include: CIA World Factbook; DRI - WEFA Latin America Economic Outlook; McGraw - Hill
Companies,
Global Power Report; Dow Jones; Economist Intelligence Unit ViewsWire; Financial Times; Latin American Power Watch; Latin American Energy Alert;
Oil Daily;
Oil and Gas Journal; Petroleum Economist; Petroleum Intelligence Weekly; U.S. Energy Information Administration; Wood Mackenzie; World Markets Analysis.