Another twist to the current oil price slump is the thesis U.S. shale plays have replaced Saudi Arabia as the world’s swing producer to control oil prices. It is being opined OPEC and the Saudis could be a spent force, and the new determinant of future oil prices will be American shale drillers.
May 13, 2015, 8:05 AM MDT
As oil and natural gas mergers and acquisitions (“M&A”) advisors, we are regularly asked “What impact has the Alberta Energy Regulator’s (“AER”) changes to the Liability Management Rating System (“LMR”) had on M&A activity?”
April 29, 2015, 8:36 AM MDT
April 20, 2015, 9:03 AM MDT
April 20, 2015, 9:12 AM MDT
April 8, 2015, 11:02 AM MDT
April 1, 2015, 9:21 AM MDT
Exploration and production (E&P) companies and the oilfield services sector (OFS) are once again embroiled in the latter half of their historic love/hate relationship. It’s not pretty.
March 11, 2015, 8:11 AM MDT
The rush by dividend-paying Canadian exploration and production companies to cut capital expenditures and in many cases reduce or suspend payouts will continue as weak commodity prices persist, experts say.
March 5, 2015, 8:29 AM MST
March 3, 2015, 11:02 AM MST
The total amount of capital raised in the Canadian oil and natural gas industry in 2014 surged to $24.0 billion, up approximately 50% from 2013’s value of $15.9 billion. This is the highest level since the $25.5 billion record set in 2007.
February 25, 2015, 6 AM MST
February 25, 2015, 11:19 AM MST
February 17, 2015, 10:26 AM MST
What will crude average in 2015? Nobody seems to know. I met the secretary-general of OPEC back in 1991 (Dr. Subroto of Indonesia, 1988 to 1994) who provided me with this trenchant quote: “The only thing certain about oil prices is uncertainty.”
February 11, 2015, 6 AM MST
By now thousands of oilfield service (OFS) owners and managers (yes there are that many!) across the WCSB have realized 2015 is going to be a long and difficult year. As oil companies cut spending they are also demanding price cuts for goods and services. In this market the only thing OFS operators cannot do is nothing.
January 14, 2015, 8:53 AM MST
January 7, 2015, 8:34 AM MST
December 31, 2014, 10:09 AM MST
December 16, 2014, 11:36 AM MST
November 28, 2014, 11:15 AM MST
November 28, 2014, 11:30 AM MST
The world’s oil and gas super majors — BP, Chevron, ConocoPhillips, ExxonMobil, Royal Dutch Shell and Total — have all seen their earnings in the upstream segment fall in Q3 2014 since Q2, according to a new Evaluate Energy analysis of the companies’ recently released quarterly results.
November 4, 2014, 8:49 AM MST
Canada’s oil and gas sector should take ownership of the mixed record some industry megaprojects have, as well as the often-low productivity of the workforce, a project management expert told a Calgary audience Thursday.
October 31, 2014, 10:12 AM MDT
October 31, 2014, 11:32 AM MDT
The total value of equity offerings for public oil and natural gas companies dropped considerably in 2012 and 2013, as shown on the graph that follows. That drop caused a decrease in mergers and acquisitions (“M&A”) activity involving public oil and natural gas companies as purchasers, opening the door for private equity from Canada and from outside of Canada to step in.
October 29, 2014, 8:24 AM MDT
September 30, 2014, 11:04 AM MDT
Guest editorial by Brad J. Hayes, P.Geol, President, Petrel Robertson Consulting Ltd.
September 8, 2014, 10:37 AM MDT