Hints and tips:
Related Pages
...News round-up Blackstone’s Schwarzman receives over $1bn for second straight year (FT) Pfizer in talks to acquire Seagen at more than $30bn (Wall Street Journal) Altria nears deal to buy e-cigarette maker...
...“Most E&Ps are affirming previous messaging of maintenance programmes or low growth in 2023,” said Devin McDermott at Morgan Stanley....
...The nascent round of E&P mergers will differ from previous get-togethers in one key respect: buyers are not going to over pay....
...As many as 55 E&P companies would go bust this year, it predicted....
...Chevron had agreed to purchase Anadarko for $50bn, seeking in part to improve its Permian position, before it was bested by Occidental....
...In May, Mr Buffett’s Berkshire Hathaway committed to invest $10bn to back Occidental Petroleum’s bid for Anadarko Petroleum....
...Similarly depressed share prices for many other E&P companies could open up plenty of similar opportunities for rationalisation....
...Bruce McCullough, chief information officer at Marathon Oil, another large US E&P company, told a Financial Times conference in Houston earlier this month that the volumes of data available amounted to a...
...This year, though, there have been signs that the inflow of capital into the US E&P industry is slowing down, creating opportunities for Chevron and other large companies with stronger balance sheets to...
...These include Qatar Petroleum with its North Field expansion plans, Russia’s Novatek with its Arctic LNG 2 project and the Anadarko-operated Mozambique LNG project....
...In an announcement more akin to an Apple product launch than a presentation by his e-commerce company Amazon, Mr Bezos said: “It’s time to go back to the moon — this time to stay.”...
...Some such as Devon and Anadarko Petroleum have been using available cash to buy back shares, rather than to drill and complete more wells....
...In contrast, Anadarko Petroleum shares spiked after it said it would spend $2.5bn buying back shares....
...The World Gas Conference in Washington was an excellent place to watch the World Cup this week, with gas producers and buyers from all over the world gathered in the sprawling Walter E....
...Moves in the S&P oil and gas exploration and production (E&P) index, which includes upstream companies such as ConocoPhillips, EOG Resources and Anadarko Petroleum, have a 90 per cent annual correlation...
...Anadarko Petroleum, for example, is often talked about as a takeover target, but its shares are trading at about 40 times 2016 earnings, while Exxon’s are at 16 times....
...It reached settlements in 2011 with Anadarko Petroleum and Mitsui, its partners in the Macondo well....
...Notable casualties were Valero Energy, down 2.2 per cent at $33.10, and Anadarko Petroleum, off 2.0 per cent at $72.31. ExxonMobil shed 2.0 per cent to trade at $85.10....
...Anadarko confirmed to the Financial Times that it was “currently in a holding pattern with regard to any divestitures in Brazil”....
...* World braced for new food crisis * Emerging market bond sales gather pace * China’s Hu pledges $20bn in loans to African nations * BNDES shuts $3.5bn wind market to five companies * Anadarko shelves...
...food crisis * Emerging market bond sales gather pace * China’s Hu pledges $20bn in loans to African nations * Moscow exchange gets new US investor * BNDES shuts $3.5bn wind market to five companies * Anadarko...
...E-mail the Lex team in confidence at lex@ft.com...
...It has five junior partners with Mitsui E&P Mozambique holding 20 per cent. Anadarko said it will be accelerating its drilling programme with two dedicated rigs....
...All three as well as Anadarko declined to comment....
International Edition