New survey reveals share of fund managers who expect value
of oil firms to drop in coming years has doubled in the last 12 months
A new survey by the Sustainable Investment and Finance Association (UKSIF) reported that the number of fund managers that expect the value
of oil firms to drop in the next few years has doubled.
An earlier attack in the area on May 18 had resulted to a shutdown of some 1,000 barrels bringing a cumulative production loss to 5,200 barrels
of the oil firm's share of oil output.
Both Bush and Vice President Dick Cheney are former oil executives; National Security Adviser Condoleezza Rice was a director
of the oil firm Chevron, and Commerce Secretary Donald Evans once headed an oil and gas exploration company.
Not exact matches
Among other things Mr. Newsom helped set up a public - relations department within the company and retained the
firm of Elmo Roper to poll public reaction to the
oil industry in general and Jersey Standard in particular.
The state - owned
oil firm is expected to list on the Saudi stock exchange in the second half
of the year, but an international listing is said to have been temporarily shelved.
Unfortunately, the two
firms have yet to do a simulation
of how the situation with Keystone XL and Northern Gateway will turn out, though Deloitte's
oil and gas consulting lead, Geoffrey Cann, agreed game theory «is tailor - made for it.»
The state - owned
oil firm is expected to list on the Saudi stock exchange in the second half
of this year, but an international listing — which was at one point tipped to happen at the same time — is said to have been temporarily shelved.
Vietnamese Prime Minister Nguyen Xuan Phuc has given the go - ahead for the two facilities in the province
of Dong Nai, state
oil firm...
The
firm uses a patented process to combust 99.99 %
of methane from an
oil or gas well, landfill or biodigester.
The VC
firm is owned, in turn by Renova Group, owned by Russian billionaire, Victor Vekselberg, who is one
of Russia's richest men and dominates the country's
oil and metals industry.
• Castle Harlan acquired the North American production equipment manufacturing assets
of Exterran Corp., a Houston - based
oil and gas
firm.
The typical suppliers
of this product are trading and
oil firms that have close relationship with PDVSA, including Russian energy giant Rosneft.
• Pandion Energy, a portfolio company
of Kerogen Capital, agreed to buy a 10 % stake in two North Sea fields from Norwegian
oil firm Aker BP, Reuters reports.
Potential U.S. sanctions on sales
of light crude to Venezuela's
oil company PDVSA would hamper its already weak refining network while leaving at least one tanker in limbo, according to a source from the state - run
firm and Thomson Reuters data.
Along a stretch
of 12 - lane highway on the west side
of Houston, a strip
of blacktop straddled by so many
oil and gas
firms that it's known locally as the «energy corridor,» sits the sprawling campus that's home to Shell's deepwater operations.
• Paramount Resources (TSX: POU) will buy the Canadian subsidiary
of U.S.
oil and gas
firm Apache Corp (NYSE: APA) for C$ 459.5 million ($ 353.7 million USD), according to Reuters.
Oil's price also has been firming as Houthi rebels in Yemen have increased a campaign of firing missiles into Saudi Arabia, both at oil facilities and civilian areas, but those efforts have so far fail
Oil's price also has been
firming as Houthi rebels in Yemen have increased a campaign
of firing missiles into Saudi Arabia, both at
oil facilities and civilian areas, but those efforts have so far fail
oil facilities and civilian areas, but those efforts have so far failed.
On the other hand, if the province decided not to become involved in the
firm shipping market, they would distort the signals received by the regulators in terms
of the demand for shipping services, leaving the system short
of capacity and lowering the value
of Canadian
oil in the process.
That is because banks, private - equity
firms and institutional investors have continued to pour money into the sector even as
oil companies slashed billions
of dollars in spending from their budgets and laid off more than 100,000 workers.
A new survey
of oil companies published by global accountancy
firm Grant Thornton puts the size
of the shift in perspective.
A petroleum - consulting and advisory
firm, Sproule has spent 60 years assisting organizations around the world with the evaluation
of oil and gas reserves along with merger - and - acquisition - related due diligence and reservoir studies.
«When crude
oil goes to $ 55 a barrel, I can take a 12 percent to 18 percent hit on my corrugated [boxes] and plastic packaging,» says the founder
of the 15 - person
firm.
Oil dropped sharply in March, bringing down Hall along with others including Andurand Commodities Fund, which through the end
of July had lost more than 15 %, according to a source close to the
firm.
3esi helps
oil and gas exploration and production
firms squeeze every last drop
of efficiency out
of their internal operations.
I expect, however, that there will be three first - order effects that will be very similar to those that followed the BP spill: 1) increased public consciousness
of the dangers inherent in transporting
oil and
oil products and more aversion to having these products moved nearby; 2) increased calls for alternatives to
oil rather than alternative means
of transporting
oil; and 3) decreased trust in regulators» and
firms» abilities to sufficiently mitigate risks from transporting
oil.
U.S. drillers added five
oil rigs looking for new production in the week to April 27, according to energy services
firm Baker Hughes, bringing the total count to a March 2015 high
of 825.
The Company recently executed a
firm, long - term sales agreement beginning in June 2018 that provides takeaway capacity for the majority
of its 2018 and 2019 Delaware basin
oil production and diversifies price exposure towards a Brent - based index.
He'd eventually landed as vice-president
of sales with Transzap / Oildex, which delivers software - as - a-service solutions to
oil and gas
firms across North America.
Emerald
Oil & Gas intends to raise about $ 5.7 million through a placement to sophisticated investor clients
of Perth stockbroking
firm Euroz.
Unlike Alberta, where major
oil and gas
firms are based right in Calgary, the managers
of the Colorado drilling companies he approached all said that their Houston - based head offices called the shots.
In May 2018, the Company successfully executed a
firm sales agreement beginning in June for a significant portion
of its Delaware Basin
oil production with the marketing division
of a large international energy company.
Now, with billions in new revenues flowing out
of these deposits, a growing number
of oil - and - gas - field services
firms have emerged with solutions to the problem
of how to remediate the huge volumes
of heavily polluted water that comes out
of the ground.
Given that the economic benefits
of the pipelines are, for the most part, due to an induced increase in the price
of oil, the lion's share
of these accrue to the Alberta government and to
firms operating in Alberta.
«Particularly with
oil prices hitting lows at some point in the first quarter... lots
of sub investment - grade
firms could be under a lot
of stress, and for those with stronger balance sheets, those companies could take this as an opportunity to buy and acquire assets,» Deshpande said in a phone interview.
Miro Advisors has been selected by
oil and gas explorer New Standard Energy to manage the farm - out
of its Western Australian exploration acreage, continuing four years
of rapid growth for the Perth advisory
firm, as detailed in this week's edition
of Business News.
The
firm had taken a bearish view on Exxon due to challenges in its European natural gas operations, «lackluster» growth in
oil and gas production, a pricey acquisition in U.S. shale fields and the lack
of share buybacks.
The decision, which has not been previously reported, raises the question
of whether other big and profitable
oil firms with small refineries - such as...
PARIS, April 9 - Saudi Aramco will sign eight deals worth $ 10 billion with French
firms on Tuesday, the chief executive
of the state - run
oil giant said on Monday - the main contracts expected to be sealed during Crown Prince Mohammed bin Salman's visit to France.
Around 53 million
of the total 164 million shares that voted opposed the reelection
of David Kilpatrick, chairman
of the compensation committee and, since 1998, the president
of Kilpatrick Energy Group, a consulting
firm to
oil and gas companies; Vicky Bailey, president
of Anderson Stratton International, LLC, a strategic consulting and government relations company in Washington, D.C; and private investor Keith Carney.
The arrests, by national intelligence agents, marked the first at a Western
oil firm in Venezuela and represent a dramatic escalation
of growing tensions between PDVSA and foreign companies over control
of supply contracts.
The arrests, by national intelligence agents, marked the first at a Western
oil firm in Venezuela and represent a dramatic escalation
of growing tensions between PDVSA and foreign companies over control
of supply contracts, the sources told Reuters.
Ahern earned an electrical engineering degree from University
of Vermont and with help from an unnamed angel investor who «bet on people heading in the right direction» started a company in 2002 — Industrial Defender, a cybersecurity
firm that protects industrial control systems for the electrical grid,
oil and gas, and chemical companies — which Lockheed Martin acquired in 2014.
Some
of these companies won't surprise you: There are several energy
firms on the list
of the Fortune 500's biggest losers, reflecting the enormous decline in
oil prices that occurred in the second half
of last year.
Publicly traded
oil companies have lost billions in market value, and both public and private
firms are moving aggressively to cut capital spending budgets for 2015 — laying off thousands
of workers and shutting down hundreds
of rigs.
The decline in copper prices and even sharper drop in
oil prices led the Phoenix - based
firm to take big losses in the final quarter
of 2014.
The Chinese
firm's demand for May - loading crude will be lower than the previous month due to refinery maintenance and as one
of China's largest
oil ports, Huangdao, could be shut for days from early June to accommodate a government meeting, a second company source said.
MMA Offshore chairman Andrew Edwards has defended the timing
of the company's recent $ 97 million capital raising at its annual meeting today, saying the
oil and gas
firm needed a solution to its debt problems.
With nearly 2.5 million miles
of oil, gas and chemical pipelines crisscrossing the country, intrusions into control systems could do more than disrupt deliveries, said Andrew R. Lee, a cybersecurity expert at the law
firm Jones Walker in New Orleans.
Preeya Malik is a licensed attorney, entrepreneur and expert on investment immigration, with an interest in trade reform and the large fiscal surpluses in
oil - exporting economies, which has expanded the
firm's reach to large portfolio
of investor contacts in the Middle East and India.