Sentences with phrase «oil assets in»

On December 14, 2017, Whitecap Resources Inc. (Whitecap), an oil - weighted growth company based in Calgary, closed the acquisition of high quality light oil assets in southeast Saskatchewan for...

Jody Wivcharuk had a strong year and advised ARC Resources on the C$ 700m disposition of strategic light oil assets in southeast Saskatchewan to Spartan Energy.

The Company was established to develop oil assets in the Tomsk Oblast in Western Siberia and was admitted to the London AIM and Dublin ESM Markets on 27th September 2006.

DUBAI Royal Dutch Shell is fully committed to its gas joint venture in Iraq, after the energy major exited its oil assets in the OPEC country, and plans to boost its gas output there to 1.4 billion cubic feet (bcf) a day by 2020, a senior executive said.

Chevron's total oil assets in Brazil are estimated to be worth around $ 4.1 billion, according to an analysis conducted by Barclays.

Not exact matches

• China Sinochem Group, a Beijing oil producer, is calling for banks to make pitches ahead of a potential $ 2 billion IPO in Hong Kong of key oil assets, Reuters reports citing sources.

Data from hedge fund analytical tool Kensho that examined patterns coinciding with U.S. military actions in the Middle East dating back to the 1990s show that in the day, week and month after a Mideast strike, oil has underperformed other assets, and the energy sector has been one of the worst in the S&P 500.

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.

Suncor is Alberta's biggest company by assets, but a near 50 % drop in oil prices in 2015 hit the company hard.

It said the ramp - up of production from new projects such as Yamal LNG in Russia and Moho Nord in Congo, along with newly acquired assets, including Maersk Oil and Al Shaheen in Qatar, had enabled it to reach record production during the quarter.

Also, notwithstanding a silly fiscal policy and the ongoing political impasse, the U.S. economy has some very good things going for it now, as even king of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its asset - buying regime for the foreseeable future, providing a monetary protein shake the recovery still very much needs; the housing rebound is well on its way, which is helping Americans rebuild their wealth and is boosting employment in many states with high jobless rates; and the shale oil and gas revolution continues to power investment, job creation and revenue growth.

Hannah Anderson of J.P. Morgan Asset Management says the near - term focus is on oil prices ahead of an important meeting in June on OPEC - led oil curbs, but the weak dollar is the longer - term variable for markets.

Otto Energy says the sale of its Galoc oil field assets in the Philippines to Singapore - based energy company Risco Energy Investments for $ 113.4 million will help fund exploration activities for two years and return capital to shareholders.

Shares in Perth explorer Empire Oil & Gas have surged after the company said it would buy ERM Power's Western Australian gas assets for $ 16.3 million.

And recessions are often presaged by certain signals: rising jobless claims; falling home sales; an inverted yield curve; wage pressures that impact corporate margins; exogenous shocks, including oil spikes; or destabilizing valuations in key asset classes.

Perth - based oil and gas company Antares Energy has received a fresh $ US300 million offer from an undisclosed party for its Permian Basin oil and gas assets in Texas, less than six months after it backed out of a previous sale agreement.

«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.

Local oil and gas company Antares Energy has sold its two remaining assets in the Permian Basin in Texas to an undisclosed private equity buyer, for about $ US250 million ($ A360 million).

The only way oil and gas firms can regain their social licence in the long term, she argues, is to become diversified energy companies and move toward renewable assets.

March 27 - Reliance Industries Ltd said on Tuesday its unit would sell some of its shale assets in the United States to privately held Sundance Energy Inc for $ 100 million, as the Indian oil - to - telecom conglomerate moves closer to exit U.S. shale investments.

LONDON, March 27 - Global oil traders Vitol and Glencore are in talks to financially back Nigerian firms racing to buy assets owned by Brazil's Petrobras valued at up to $ 2 billion, several sources familiar with the matter said.

The operator of the Circle K convenience store chain in the United States is seen as a likely bidder to buy the retail assets of oil and gas giant Hess.

Franco - Nevada Corp. (FNV: $ 44.16) A royalty company that buys interests in a diversified range of gold mines as well as interests in oil and gas and other assets.

How could a little - known British firm with two employees and no producing assets end up owning the largest oil lease ever issued in the Canadian Arctic?

A provision of Tillerson's ethics agreement says that he must give up any undistributed assets in the trust if he becomes employed by or provides services to «a company in the oil and gas industry or the oil and gas services industry.»

They show the Fed has at times taken a tough line with banks in the sector, and may darken the outlook for Goldman Sachs and Morgan Stanley, both of which still own physical commodity trading assets such as warehouses, pipelines and oil storage tanks.

Paramount now deals with both oil and gas, and has since spun off assets into separate companies, such as heavy - oil player Cavalier Energy (in 2011).

Cenovus» first quarter saw an increase in its oil sands production to 144,000 barrels per day, up 20 % from the same period in 2014, and lowered operating costs across its assets.

The oil major currently trades at a fraction of its net asset value, thanks mostly to the black eye it took from the massive oil spill in the Gulf of Mexico last year.

But that volatility, as Ghosh likes to note, is the upside of the integrated nature of the company, which gives it a continued hedge against the differential in world oil prices through its downstream and midstream assets — on the midstream side, Husky operates a 2,000 - kilometre crude - oil pipeline system, and its downstream operations include upgrading and refining crude oil, and marketing gasoline, diesel, jet fuel, asphalt and ethanol in Canada and the United States.

The region's growing receptiveness to foreign investment in its energy assets could be a dream come true for oil majors.

Valero's investing heavily in ethanol to complement its high - quality oil refineries, while ConocoPhillips has been selling off assets and trimming its debt over the past year or two.

TULSA, Okla. --(BUSINESS WIRE)-- Oil and NGL sales accounted for 96 percent of WPX Energy's (NYSE: WPX) first - quarter 2018 total product revenue of $ 407 million following the divestitures of its San Juan Basin assets, concluding with the sale of its Gallup holdings in March.

Funding its ballooning deficit, which can't be plugged with asset sales and debt issuance alone, and improving its economic situation are partly why Saudi Arabia, the largest producer in the OPEC oil cartel, disagreed to any cut in production at the December OPEC meeting, and more recently has been discounting the price of oil to its customers.

LONDON, April 30 West Africa - focused oil and gas group Savannah Petroleum is considering selling a minority stake in its Niger assets before first oil flows there, which is expected in 2021, Chief Executive Andrew Knott said on Monday.

Oil, in particular, has become more correlated with other assets.

By owning Enerplus, you own oil and gas, a valuable tangible asset, in Canadian dollars, which stand to appreciate further against the U.S. dollar.

This year the Conservative government approved the sale of $ 1.9 billion in oil sands assets to two companies controlled by the Chinese government.

On the heels of its acquisition of BG Group at a time when everyone else is offloading assets in these days of dismal oil prices, Royal Dutch Shell is banking optimistically on $ 50 oil to make this work, and hoping that a much leaner BG will do the trick.

Murphy has hired an investment bank to explore options for its stake in a Canadian oil sands project as well as its Montney natural gas assets in British Columbia.

thanks, and yes, a pittance of a pension and regular checkups keep us on budget and head off any problems — best decision i ever made (financial or otherwise) was serving our country doing search - and - rescue, oil and chemical spill remediation, etc. (you can guess the branch of service)-- along the way, frugal living, along with dollar - cost averaging, asset allocation, and diversification allowed us to retire early — Vanguard has been very good over the years, despite the Dot Bomb, 2002, and the recession (where we actually came out better with a modest but bargain retirement home purchase)... it's not easy building additional «legs» on a retirement platform, but now that we're here, cash, real estate, investments and insurance products, along with a small pension all help to avoid any real dependence on social security (we won't even need it at full retirement age)-- however, like nearly everybody, we're headed for Medicare in several years, albeit with a nice supplemental and pharmacy benefits — but our main concern is staying fit, active, and healthy!

(Reuters)- Murphy Oil Corp (MUR.N) said it will spin off its smaller retail gasoline business in the United States, review options for other assets, pay a special dividend and buy back shares as it seeks to return more cash to shareholders.

In short, given the increased concerns of global growth slowing, oil price instability, the potential Brexit, and U.S. election, we think owning gold as part of a diversified asset allocation continues to be a sound approach.

Hunt, CEO of the asset management group that manages US$ 1 trillion in assets, said the oil price surge today is «probably not» sustainable.

The company announced plans in December of 2014 to bring oil as a peggable asset in the later half of 2015.

The market should not be overly enthusiastic over today's oil price surge on reports that OPEC has managed to reach some kind of a deal to reduce supply, David Hunt, chief executive at asset manager PGIM, said in an interview with Bloomberg Television on Wednesday.

Behind Germany and ahead of some of the oil producers, it runs the largest current account surplus in the world, which means that it is exporting its excess savings in a world that has nowhere to put the money, and so the world must respond either with speculative asset bubbles, unproductive investment, debt - fueled consumption binges or unemployment.

Over a year which has seen large banks halt funding for fossil fuel projects, major institutions divest from oil, gas and coal holdings, and oil companies snap up power and renewables companies in a bid to diversify their asset base, research published today by the UK Sustainable Investment and Finance Association (UKSIF) and the Climate Change Collaboration suggests nervousness over climate risk has shot up in financial circles.

With $ 30 billion of assets to sell in the wake of its acquisition of BG, Shell is a riskier but possibly more rewarding bet on the oil price.

In fact, over half of asset managers reported that reputational risks are already negatively impacting oil company valuations, and a further 25 per cent predicted they will impact value in the next two yearIn fact, over half of asset managers reported that reputational risks are already negatively impacting oil company valuations, and a further 25 per cent predicted they will impact value in the next two yearin the next two years.