Faced

Litigation Threat Said to Be Growing for Offshore Operators

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.

May 8, 2013

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.

February 11, 2013

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.

February 6, 2013

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.

November 19, 2012

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.

November 15, 2012

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.

September 24, 2012

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.

April 25, 2011

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.

April 21, 2011

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.

April 4, 2011

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.

April 4, 2011
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