Operators developing plans to work in Alaska’s offshore, notably Royal Dutch Shell plc, have faced stiff and costly opposition for years, but Gulf of Mexico (GOM) operators should be aware that a growing threat of more lawsuits could derail some projects as well, industry executives said Tuesday at the Offshore Technology Conference (OTC) in Houston.
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BP Sales Send Profits Plunging, Pull Output Down
The past two years have been trying for BP plc, which has faced an onslaught of legal bills and payouts from the devastating 2010 Macondo well blowout in the deepwater Gulf of Mexico (GOM), but the producer is close to putting its troubles behind it, Group CEO Bob Dudley said last week.
BP Asset Sales Send Profits Plunging, Pull Output Down 7%
The past two years have been trying for BP plc, which has faced an onslaught of legal bills and payouts from the devastating 2010 Macondo well blowout in the deepwater Gulf of Mexico (GOM), but the producer is close to putting its troubles behind it, Group CEO Bob Dudley said Tuesday.
Private Equity Taking Big Interest in E&P, Midstream
Independent exploration and production (E&P) operators in the United States have faced a funding dilemma since they began rushing into unconventionals. With more resources than capital, many have taken loans that have increased their debt, or they’ve sought out joint venture (JV) partners to pay for drilling expenses.
Private Equity Taking New Interest in E&P, Midstream
Independent exploration and production (E&P) operators in the United States have faced a funding dilemma since they began rushing into unconventionals. With more resources than capital, many have taken loans that have increased their debt, or they’ve sought out joint venture (JV) partners to pay for drilling expenses.
Cash Prices Head South, But Futures Turn North
Cash prices overall were down about a nickel on average Friday as traders faced little incentive to secure three days of gas when spot prices could be made during the weekend and seasonal weather forecasts posed little reason to lock-in supplies.
Encana Sees ‘Prolonged Environment’ for Low Gas Prices
Faced with “unsustainably low” natural gas prices, onshore independent Encana Corp. will redirect up to $1 billion of its 2011 capital spending from dry gas output to natural gas liquids (NGL) and oil production, CEO Randy Eresman said last week.
Encana Sees ‘Prolonged Environment’ for Low Gas Prices
Faced with “unsustainably low” natural gas prices, onshore independent Encana Corp. will redirect up to $1 billion of its 2011 capital spending from dry gas output to natural gas liquids (NGL) and oil production, CEO Randy Eresman said Wednesday.
Analysts: Canadian Gas Industry Must Look Beyond U.S.
Faced with pricing uncertainty, anticipated decrease in U.S. demand and a shifting regulatory landscape, Canadian gas companies will need to look beyond the United States if they are to retain market share and remain competitive, according to Ernst & Young.
Analysts: Canadian Gas Industry Must Look Beyond U.S.
Faced with pricing uncertainty, anticipated decrease in U.S. demand and a shifting regulatory landscape, Canadian gas companies will need to look beyond the United States if they are to retain market share and remain competitive, according to Ernst & Young.