Exploration and production (E&P) companies take different routes in their drive to add value, and their road maps may follow mergers and acquisitions, organic growth, diversification or a simple focus on one region. However, what sets the winners apart is how well they execute their strategies and how quickly they evolve when times change, a John S. Herold equity analyst said Thursday.
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Senate Rejects Democratic Bid to Levy a Windfall Profits Tax
The Republican-led Senate fended off a Democratic drive Thursday to levy a controversial windfall profits tax on the earnings of major energy companies as part of a $60 billion tax reconciliation package.
BP Begins Recruiting Drive to Boost North American Operations
With oil and natural gas at record prices and production levels falling, BP plc is on a massive recruiting drive, and has hired 13 search firms to hire 400 new geologists, reservoir engineers, drilling specialists and other technicians to boost its North American operations from the Gulf of Mexico to Canada by the end of the year.
Battle Over Colorado’s Gas-Rich Roan Plateau Heats Up
One of the current hotspots in the drive to bring on new gas supplies from the Rocky Mountains involves the Roan Plateau, which rises 3,000 feet northwest of the town of Rifle, CO, in the mineral-rich Uinta-Piceance Basin.
Battle Over Colorado’s Gas-Rich Roan Plateau Heats Up
One of the current hotspots in the drive to bring on new gas supplies from the Rocky Mountains involves the Roan Plateau, which rises 3,000 feet northwest of the town of Rifle, CO, in the mineral-rich Uinta-Piceance Basin.
Shell Begins Recruitment Drive to Hire 1,000 Engineers
One year after Royal Dutch/Shell Group began downgrading its worldwide oil and natural gas reserves, the company said last week it has begun a recruitment effort to hire more than 1,000 petroleum engineers to bolster the exploration and production (E&P) unit.
Shell Begins Recruitment Drive to Hire 1,000 Engineers
One year after Royal Dutch/Shell Group began downgrading its worldwide oil and natural gas reserves, the company said Tuesday it has begun a recruitment effort to hire more than 1,000 petroleum engineers to bolster the exploration and production (E&P) unit.
Trading, Merchant Generation Drive Sempra Profits; ’04 Estimates Raised
In a maelstrom of bullish news, Sempra Energy Thursday not only reported sharply increased third quarter and nine-month earnings results, but also increased its overall profit projections for the year, predicting bigger growth in all three main business units and a reorganization effective next year that will split up its lagging energy services business.
Trading, Merchant Generation Drive Sempra Profits; ’04 Estimates Raised
In a maelstrom of bullish news, Sempra Energy Thursday not only reported sharply increased third quarter and nine-month earnings results, but also increased its overall profit projections for the year, predicting bigger growth in all three main business units and a reorganization effective next year that will split up its lagging energy services business.
Trading, Merchant Generation Drive Sempra Profits; ’04 Estimates Raised
In a maelstrom of bullish news, Sempra Energy Thursday not only reported sharply increased third quarter and nine-month earnings results, but also increased its overall profit projections for the year, predicting bigger growth in all three main business units and a reorganization effective next year that will split up its lagging energy services business.