Many have been waiting for mergers and acquisitions— particularly in E&P sectors — to pick up in light of low oil prices, and one case of a downstream-focused company considering acquiring an oil producer caught the attention of Tamsin Carlisle in this week’s Oilgram News column, Petrodollars.
Posts Tagged ‘upstream’
By Tamsin Carlisle | March 30, 2015 12:01 AM Comments (0)
By Katharine Fraser | August 17, 2012 07:02 AM Comments (0)
“Dueling studies” is the phrase one former US Federal Energy Regulatory Commission member used to describe anticipated cost/benefit reports on contentious power market designs. But, the image of consultants riffing with research reports like dueling bangos in American folk music applies to just about every US energy debate, and even more so in a presidential election year.
By News Desk | August 6, 2012 11:19 AM Comments (0)
The acquisition of Canada’s Nexen by CNOOC, announced last month, makes sense on many fronts.
It gives CNOOC a stake in the North Sea, which means it’s effective now “long” the Brent market, where China has major exposure; and it also gives it a greater stake in what happens with WTI, since Nexen’s Canadian crude sold into the US will be tied to that benchmark.
Robert Perkins writes in this week’s Oilgram News column, Petrodollars, on the reasons why the deal is a logical one for CNOOC.
By Meghan Gordon | July 31, 2012 03:46 PM Comments (0)
By Starr Spencer | July 20, 2012 05:33 PM Comments (1)
If you thought 2008 was a heyday for deepwater drilling, you ain’t seen nothin’ yet.
At least that’s the message suggested by the first two drillers, Noble Corporation and Diamond Offshore, that reported second-quarter earnings this week. While earnings were healthy, it was the commentary by the drillers’ managers that made Wall Street sit up and take notice.
Both companies say they expect the global ultra-deepwater segment to carry the ball for them going forward. And that “forward” looks pretty darn good.
By News Desk | July 16, 2012 09:55 AM Comments (0)
By Gary Gentile | July 3, 2012 02:02 PM Comments (0)
The Kid’s Page in the July 3 Washington Post features a story with an intriguing headline: “Where does electricity come from? Hint: Not from that switch on your wall.”
Documentary film maker Gregory Kallenberg, maker of the 2009 film “Haynesville,” found while promoting the movie that many adults were equally in the dark about vital energy issues. “Running into people who didn’t understand where energy came from or how much we used of it was a common occurrence,” Kallenberg says in one of several new short films he is making under the title of “The Rational Middle.”
By News Desk | June 25, 2012 08:35 AM Comments (0)
The failure of the blowout preventers underneath the Deepwater Horizon platform is viewed as a major reason why the blowout itself turned into such a catastrophe. They were supposed to prevent such an occurence; they didn’t. In this week’s Oilgram News column, Gary Gentile discusses the new requirements that companies now face with regards to their BOPs as a result of the Macondo disaster.
By Steven McGinn | June 20, 2012 04:51 PM Comments (0)
The saying goes, what’s old is new again. Certainly fashion trends follow this notion, as bright-colored articles of clothing are everywhere again, like blinding lights from a disco floor.
Look no further than television: “Dallas” is back.
By Starr Spencer | June 18, 2012 05:38 PM Comments (0)
To hear industry and even sale sponsor US’ Bureau of Ocean Energy Management talk, the first Central Gulf of Mexico lease sale in nearly two years, scheduled for this week, appears even in advance to have a lot going for it.
Central Sale 216/222, the first auction in that busy and discovery-rich area of the Gulf since the April 2010 Macondo oil spill, should be “robust,” according to John Rodi, Gulf regional director for sale sponsor US Bureau of Ocean Energy Management.