The Global Projects group includes our energy projects practice (representing sponsors in the development
of upstream oil and gas, LNG, pipeline, petrochemical, refinery and electric power projects, as well as in the acquisition and divestiture of interests in such projects), our project finance practice (representing both sponsors and lenders on energy and infrastructure projects), our energy regulatory practice (representing regulated entities; investors and customers / ratepayers of regulated entities, including electric generation, transmission and distribution; and LNG and natural gas production, gathering, transportation and distribution companies on U.S. federal and state regulatory and permitting issues), our real estate practice (representing developers and lenders on real estate projects, and acquisitions and divestitures of interests in such projects) and our international trade practice (representing clients in matters involving U.S. federal regulation of exports, imports, overseas investment and financial transactions).
While the World Bank's decision to finally end the financing
of upstream oil and gas after 2019 is long overdue, it is certainly worth celebrating.
$ 300,000 of it is from a failed investment in a handful
of upstream oil producers.
Not exact matches
Total
upstream production came in at 689,400 barrels
of oil equivalent per day in the first quarter, compared to 725,100 boe / d in the prior year quarter, as oilsands output fell to 404,800 barrels per day from 448,500 bpd.
Based on a sum -
of - the - parts analysis, integrated
oil companies traded at a discount to their pure - play competitors, whether they were pure - play
upstream, like an Anadarko or a Chesapeake, or downstream, like Valero or Tesoro.
At the time, many investors forgot why the
upstream and downstream segments
of the industry were ever united, threatening the raison d'etre
of Big
Oil.
Major energy companies are called «Big
Oil» for a reason, as the vast majority of their profits comes from the upstream divisions, which explore and produce o
Oil» for a reason, as the vast majority
of their profits comes from the
upstream divisions, which explore and produce
oiloil.
Marathon
Oil Corporation (mro), the
upstream division, traded on February 3 at $ 9.27, giving it a market value
of around $ 6.3 billion.
At the beginning
of 2011, the small integrated energy company voluntarily split into a pure - play
upstream company, called Marathon
Oil, and a pure - play refiner, called Marathon Petroleum Corporation.
«Shell's strong earnings this quarter were underpinned by higher
oil and gas prices, the continued growth and very good performance
of our Integrated Gas business, and improved profitability in our
Upstream business,» Chief Executive Officer Ben van Beurden said in a statement.
One
of the things Pardy likes about the Calgary - based
oil and gas company is its
upstream growth and potential free cash flow once its Horizon oilsands expansion bears fruit in late 2017.
Marathon
Oil Corp. completed the spinoff
of its downstream business, Marathon Petroleum Corp., making Marathon
Oil an independent
upstream company based in Houston.
Wellsite, a professional network and collaboration platform for the
upstream oil and gas industry, today announced a major blockchain initiative for its flagship platform, Wellsite.com, with the launch
of a token sale for its cryptocurrency designed for the oilfield services market, Crudecoin.
When asked about Canadian
oil sands production, Mulva said those operations would be part
of the
upstream company.
Seven Lakes Technologies is a vertically focused analytics & technology solutions firm offering products and services for the
Upstream (E&P)
Oil and Gas sector; focused on improving business drivers and enhancing execution
of customer business strategies.
Proven Track Record EnCap has been a significant source
of capital to the
upstream and midstream sectors
of the
oil and gas industry since 1988.
However, clear price trends in respect
of crude
oil, natural gas, products like gasoline & diesel augur well for both
upstream & downstream companies.
In July 2017, the Canadian Association
of Petroleum Producers (CAPP) published A competitive policy and regulatory framework for Alberta's
upstream oil and natural gas industry.
The combined
oil and natural gas entity was renamed Alta Mesa Resources and boasts
upstream assets
of around 130,000 net...
Probably the most discussed aspect
of the NGP Report (see this excellent discussion on CBC's The 180 beginning at around the seven minute mark) is the JRP's treatment (or lack thereof)
of «
upstream» greenhouse gas emissions (GHGs), and specifically the apparent asymmetry between the JRP's decision to consider the need to open markets for projected increases in
oil production — the vast majority
of which would uncontrovertibly be from the
oil sands — but not the GHGs associated with this projected growth.
Contamination from
upstream tar sands /
oil sands development is causing higher levels
of cancer and other serious disease for members
of the Athabasca Chipewyan and...
In addition to the direct effects
of high
oil prices, broader
upstream inflationary pressures were apparent, including further increases in building construction prices.
Upstream price pressures have also been boosted by the rise in
oil prices, as well as the depreciation
of the exchange rate and the increase in world commodity prices; producer input and output prices have increased more sharply over the past six months than they have since the early 1990s.
The November Statement identified the pick - up in world
oil prices in the second half
of 2004 as the major risk to the inflation outlook, and the higher level
of oil prices did contribute to the
upstream inflationary pressures in producer prices in the December quarter.
PTSD sufferers in the battered
upstream oil and gas industry will take little comfort to learn their economic future is in the hands
of software written by programmers and traders who have never set foot on a drilling rig or production operation, nor put on a pair
of coveralls or a hard hat.
Mr. Chase spent 39 years with BP plc, a large, international
oil and gas company, holding positions within the
upstream and downstream segments
of the industry in Australia, Europe and North America.
Exxon said its
upstream, or exploration and production sector, suffered «significantly» during the market downturn as crude
oil prices continue to starve companies
of revenue.
Capital spending is rebounding, new
upstream projects launch weekly and several major integrated
oil companies (IOCs) have posted consecutive quarters
of profitability for the first time since 2014.
First, the Board had ruled that it would not consider the environmental and socio - economic effects associated with
upstream activities, the development
of the Alberta
oil sands, and the downstream use
of oil transported by the pipeline.
Upstream oil companies have been watching the election closely to determine the levels
of political stability and compliance in the country.
At the sectoral level, the Industry Sector recovered from a negative growth
of 0.5 percent and is expected to grow by 17.7 percent in 2017 due to increased production in
upstream oil and gas.
Since the three main Westminster political parties all endorse the conclusions
of Sir Ian Wood's recent review on how to maximise the economic recovery
of oil and gas from the UK Continental Shelf (Search for UKCS Maximising Recovery Review Final Report, here), and its tacit underlying fiscal premises (namely that there is a need for a simplified fiscal regime to incentivise investment and drilling activity, as well as to ease the burden upon the new regulator
of the
upstream sector), it does not take the gift
of prophecy to appreciate that the ultimate outcome
of this subsequent review on the shape
of the UK fiscal regime seems foreordained; namely, a return to the situation that prevailed before the introduction
of SC, whereby the only levy on income from
oil and gas fields is to be Corporation Income Tax at the standard rate levied on the likes
of Starbucks and Amazon.
'' The innovations that we have developed and started implementing in the downstream,
upstream, policy generation and Niger Delta security have enabled the sector to aggressively pursue out
of the box ideas
of rejuvenating this sector, getting the best yield and increasing our earnings from
Oil and Gas.
On May 20, 2015, nine days BEFORE the government was inaugurated, I laid out «Policy Prescriptions» - diversification
of production, government revenue, and exports; imperative
of a strong and credible economic team and cabinet; targeting «opportunity sectors» (solid minerals, refining and petrochemicals, a new and realistic fiscal regime for
upstream oil and gas, private sector investments in power and infrastructure, agro-processing, retail and construction); freeing «up resources from downstream petroleum sector deregulation» emphasizing «an economic reality in which hard decisions including some previously rebuffed by the opposition will have to be taken» a clear reference to the petrol subsidy which government waited a full year before countenancing the critical decision!
«ensure the passage
of the Right to Information bill if the present Parliament delays in doing so» and (a) under Petroleum
Upstream and Mid-Stream Sector «improve transparency in the management
of our
oil and gas resources.
Speaking on the positive development in the
oil industry, the NUPENG chairman said both the
upstream and downstream sectors
of the industry had witnessed growth under the present administration.
Data from the GIPC, which registers all the formal FDI inflows, indicates that about 90 %
of it (excluding investment in the solid mineral mining and
upstream oil and gas sectors) ends up in just three
of Ghana's 10 regions: Greater Accra, Ashanti and Western.
The emissions from consumer products also dwarfed those from the production
of oil and gas, called
upstream emissions.
Instead
of regulating carbon at the many smokestacks where emissions occur, the group recommends regulating by cap - and - trade permits directed «
upstream» at the wellheads, mine mouths, and import points where
oil, coal, and natural gas enter the economy.
I recently sold out
of all my positions that have any involvement in
upstream oil exploration and production.
Upstream activities include exploration, development and production
of crude
oil and natural gas.
BNP Paribas scored well as it has a comprehensive palm
oil policy covering both
upstream and downstream palm
oil companies and it applies to all
of the bank's offerings and entities.
If you are an
upstream company, your business results are strongly tied to the price
of oil and natural gas because
upstream companies are the ones that find
oil and natural gas and pump it from the ground.
TransGlobe Energy Corporation is a $ 550 million
upstream oil and gas company headquartered in Canada, but with the vast majority
of its operations located in Egypt.
Third, there were some asset purchases and rationalizing
of assets between the portfolio companies during the past 4 months; Several
oil / gas well drilling companies / assets were acquired by different affiliates within the portfolio, then the companies / assets were consolidated under Steel Excel (the shell
of the old ADAPTEC), presumably
upstreaming some cash from Steel Excel to the holding company for further investments.
-- Actions to halve expected methane (a potent greenhouse gas) releases into the atmosphere from the
upstream oil and gas industry in 2020 provide 18 %
of the savings.
Pouring millions
of gallons
of oil and dispersants into an area already greatly stressed by
upstream pollution, atmospheric fall - out, fifty years
of industrial activity (44,000 wells, 33,000 miles
of pipelines), shoreline trauma, and ecosystem damage by decades
of large - scale fishing is a recipe for short and long - term disaster.
To the west
of the
oil slicks and fleets
of vessels working to seal the BP well, another less invisible stain, mainly the result
of vast amounts
of nitrogen and other nutrients washing down the Mississippi River from agricultural lands
upstream, has spread beneath the waters
of the Gulf
of Mexico.
Some outlets have incorrectly reported that the World Bank Group will eliminate only their finance for fossil fuel exploration, but it's even bigger than that: the World Bank described it as a commitment to end «
upstream oil and gas finance,» which means they're planning to phase out all
of their extraction - related finance.
It finds that across the
oil and gas industry $ 2.3 trillion
of upstream projects — roughly a third
of business as usual projects to 2025 — are inconsistent with global commitments to limit climate change to a maximum 2 ˚C and rapid advances in clean technologies.