It found 89 per cent of managers agreed energy transition risks - such as increasing emissions regulations or growing competition from clean tech alternatives - will significantly impact the valuations
of the oil companies in the next five years, compared to 46 per cent when the survey was conducted in 2017.
Most
of the oil companies in Alberta are global or multi-national companies.
Since the arrival
of the oil companies in the late 1950s, the rivers have become contaminated and the Earth has grown hotter; the land along the road stopped producing food, the fish died, the jaguars left, and the Huaorani fell ill with diseases they had never before experienced.
Anthony Watts notes the prominence
of oil companies in funding the American Geophysical Union [link].
In other key mandates, Akshai Fofaria has been acting on one of the largest administrations in the sector to date and Katharine Davies is acting for a subsidiary
of an oil company in ICC arbitration proceedings.
The successful defense
of an oil company in a lawsuit brought by the U.S. Department of Justice under the Clean Water Act and the Oil Pollution Act of 1990 to recover clean up costs associated with an oil spill upon the navigable waters of the United States.
Gained experience with hands on participation in building employee lodging camps for workers
of oil companies in North Dakota
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.
Andurand, who runs
oil hedge fund Andurand Capital Management LLP, wrote
in a string
of tweets on Sunday that
companies may be less willing to risk investment
in long term
oil projects because
of low crude barrel prices and a predicted peak
in electric vehicle demand.
Continental posted net income
of $ 233.9 million, or 63 cents per share, compared with $ 469,000, or less than a penny per share,
in the year - ago quarter, when
oil prices plummeted - and the
company's production costs were higher.
In the face
of low crude
oil prices, the
company focused on natural gas, which had stronger rates.
Wednesday: Boeing & Biogen Boeing:
In the past, this
company has been deemed a loser on suspicions that airlines won't upgrade their fleets for fuel efficient planes now that the price
of oil is so low.
Instead
of hedging away from gas, as TransCanada and many other
companies appear to be doing, it's a bet that gas will play a much bigger role
in our energy future, probably at the expense
of oil.
Back
in 2005 the China Offshore
Oil Company, or CNOOC, got burned when U.S. lawmakers made noises to block its US$ 18.5 - billion takeover
of integrated Unocal
Oil Company, eventually bought by Chevron.
Nearly as surprising was the willingness
of Russia and private
oil companies in North America to carry on at prices that were understood to be well below their break - even points.
The stock has soared more than eight per cent over the past week on speculation the
company could buy the retail operations
of oil and gas giant Hess, which owns about 1,350 gasoline stations
in 16 East Coast states.
For the second consecutive quarter, Continental bested rival Whiting Petroleum Corp to be the largest
oil producer
in the Bakken, solidifying that crown and its place as one
of the most - prolific U.S. shale
companies.
When the
company auctions that oilfield drill, for example, the goal is for its pricing model to forecast demand
in the near future based on different factors, such as the price
of oil, leaving Ritchie Bros. less vulnerable to market surprises.
The
company operates
in over 70 countries and produces about 3.7 million barrels
of oil a day.
Since then, it's been more timid than the two other Chinese state - owned
oil companies, Sinopec and China National Petroleum Corp. (parent
company of PetroChina) investing
in North America.
Saudi Arabia,
in the midst
of transforming its economy and poised for a public offering
of its state - owned
oil company, could be vulnerable to Federal Reserve policy, observers say.
The decreases are largely the result
of the
oil glut and all - time lows for crude prices — last year, mining,
oil producers, and metal
companies lost a combined $ 70 billion on $ 1.3 trillion
in revenue.
But that disappeared
in July when the U.S. National Transportation Safety Board admonished the
company for its handling
of a Michigan
oil spill
in 2010.
In June the company received the first - ever FAA commercial license for unmanned aircraft operations over land and water for its work with BP on Alaska's North Slope, part of a big push to develop oil and gas in remote areas with the help of UAV
In June the
company received the first - ever FAA commercial license for unmanned aircraft operations over land and water for its work with BP on Alaska's North Slope, part
of a big push to develop
oil and gas
in remote areas with the help of UAV
in remote areas with the help
of UAVs.
«The business model
of an
oil and gas
company in the future is going to have to be built around the abundance model, where your returns are not going to be made by commodity price increases,» says Munro.
When
oil prices last took a precipitous dive
in 2009, David Yager was CEO
of a medium - size oilfield services
company.
The laudable mission statement
of many
oil and gas
companies is to provide affordable energy to improve the world's living standards
in an environmentally sound manner.
In the first decade
of the century, the large integrated
oil companies traded at an average discount
of between 11 % and 12 % compared to their pure - play competitors, according to a study conducted at the time by Citi Investment Research and Analysis.
Formerly an integrated
oil company with interests
in transportation and refining, Hess
in 2013 spun off many
of its businesses
in order to focus on E&P.
Oil companies have slashed spending, scrapped new projects, slashed tens of thousands of jobs, renegotiated supply contracts and increased borrowing in order to weather the more than halving of oil prices since June 20
Oil companies have slashed spending, scrapped new projects, slashed tens
of thousands
of jobs, renegotiated supply contracts and increased borrowing
in order to weather the more than halving
of oil prices since June 20
oil prices since June 2014.
Lewenza recommends buying stocks
in integrated
companies — those that both produce and refine
oil, so that one part
of the business is essentially benefiting from the misfortune
of the other — as well as
in oil transportation, such as pipeline
companies.
This reached a fever pitch at the beginning
of the decade when we saw many integrated
oil companies get broken up
in a bid to «unlock» hidden value.
• 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.
And as has been pointed out, the
oil crash hammered energy
companies, but cheap
oil and the low dollar (
in Canada at least) should have spurred non-energy exporters to take advantage
of those ideal conditions.
Netflix description: «This fictional drama series is loosely inspired by an investigation
of alleged corruption
in private and state
oil and construction
companies in Brazil.»
Among the biggest issues
oil - and - gas - exploration
companies face
in the search for new sources
of hydrocarbons is putting humans or high - value assets at risk.
Months
of deliberations behind closed doors at Shell headquarters
in The Hague, Netherlands, had led the top brass at the world's largest non-state-owned
oil company by sales to conclude that the energy industry was changing fundamentally —
in a way that could turn the profitable
oil - sands operation into a liability.
The day before Marathon announced it was breaking up
in January 2011, the combined
company had a market value
of around $ 28.9 billion, when
oil was trading at around $ 90 to a $ 100 a barrel.
The share price
of the Netherlands - based construction
company, which specializes
in the
oil and gas industry, was halved
in 2014.
He has applied for permanent residency
in the U.K., and said
in July that he intends to invest most
of what he made selling his share
of oil company TNK - BP
in U.S. healthcare — well beyond the caprice and covetousness
of any Russian leader or policeman.
The
company said
in February that it planned to buy back up to $ 5 billion
of stock over 2018 - 2020 to share the benefits
of higher
oil prices with investors.
So, although «the risk
of climate change is clear and the risk warrants action» (
in the form
of greater energy efficiency and emissions - reducing technology), the big
oil company will not be writing down any
of its reserves.
For somebody who had never been to New Orleans, but moved there initially to teach and then a year later left the classroom to start a
company, I've seen firsthand just how much the community has invested
in bringing
in and retaining young people who really want to contribute to rebranding the city, bringing it from, old
oil and gas and just tourism really into the 21st century with lots
of high - tech, high - growth businesses.
Tillerson's predecessor, Lee Raymond, tried to buy Russia's most profitable
oil company Yukos from the oligarch Mikhail Khodorkovsky, who had gained control
of it during the highly corrupt privatizations under Boris Yeltsin
in the 1990s.
The collapse
of oil prices wiped out profits and killed the incentive to expand
in the
oil patch, and economic growth
of less than 2 % offers little incentive for non-energy
companies to expand.
Saudi Arabia's
oil - rich monarchy is one
of America's most important strategic partners
in the Middle East and a significant patron
of U.S. defense
companies.
This comes after the Norwegian
oil company Statoil said it found an area containing up to 130 million barrels
of oil in the North Sea.
Chinese
oil companies thereafter directed more
of their capital into stabler countries like Canada and Australia, notably with the $ 15 - billion acquisition
of Nexen Inc.
in late 2012.
Chief Executive Bob Dudley is
in line for a $ 19.6 million compensation package for 2015, a year
in which shrinking profit margins triggered by sharp falls
in the price
of oil led to more than 5,000 job losses at the
oil and gas
company.