Hints and tips:
...A separate resolution filed with Imperial Oil calls on Canada’s second-biggest integrated oil company to halt all new exploration projects....
...al, with just $9bn on legacy oil and gas....
...It took a brief flurry of dealmaking in the early 1980s to focus national attention on Pickens, whose Mesa Petroleum had grown to become one of America’s biggest independent exploration companies....
...As Ryan Lance, chief executive of ConocoPhillips, the largest US exploration and production company, puts it, the upturn will come, “it’s just you can’t bet on it coming quickly . . ....
...ConocoPhillips, the largest US exploration and production company, was also put on watch for a possible downgrade within 90 days....
...This year companies have typically been focusing on projects that have quick paybacks in production, while slamming the brakes on exploration and longer-term developments, but the natural decline of oilfields...
...It is also arguing that because the spill was caused by its US subsidiary, BP Exploration and Production Inc, which operates its wells in the Gulf of Mexico, the financial impact of the penalty should be...
...As a result, Exxon is under much less pressure to cut spending than smaller exploration and production companies, which are coming under varying degrees of financial strain....
...Mr Brock told the US District Court in New Orleans that BP Exploration and Production Inc, the group’s subsidiary in the gulf, could not afford to pay a penalty of that size....
...Major oil companies such as BP and Exxon make up the majority of the energy equity exposure for the Franklin fund, which also has smaller positions in oil exploration companies....
...(FT) Journalism v Silicon Valley The media has lost control of production and distribution to the opaque algorithms of Google and Facebook....
...Many major oil companies – Shell, BG, BP and others – were selling off upstream assets. Now it is spring, and love is in the air....
...“By way of comparison, other mid-cap exploration and production companies trade at between $8 a barrel [Afren] up to $38 a barrel [Tullow]....
...Lukoil last week started commercial production at its enormous West Qurna field in Iraq – much of whose production is likely to be sold in Asian markets, analysts say....
...Exploration is more risky, but offers higher returns, Mr Scaroni says....
...The chief executive, with the support of Alex Beard, the former BP oil trader who has run Glencore’s oil desk since 2007, is taking a calculated risk. “The money is not big in oil exploration....
...Many of the companies involved, including Anadarko Petroleum of the US, PTT Exploration and Production of Thailand and ONGC of India, have little experience of leading large LNG projects, and Mozambique...
...Anadarko Petroleum, the US independent oil company, has discovered a “potentially giant” field in the deep water of the Gulf of Mexico, one of the largest ever discovered in the region....
...In January, Rex Tillerson, Exxon’s chief executive, met Nouri al-Maliki, the Iraqi prime minister, in Baghdad. But there are still no signs of a breakthrough....
...First, it has the exploration and production capacity. Shale is being developed not by oil multinationals but by smaller companies....
...He has worked upstream in exploration and production, and downstream in refining and marketing. Those roles took him to Africa, Malaysia, the US and, most recently, the UK....
...Freeport-McMoRan Copper & Gold has engineered a dramatic re-entry to the oil business with two deals worth a total of about $20bn, buying Plains Exploration and Production and McMoRan Exploration....
...Freeport has links with Plains Exploration and Production, which recently bought oil and gasfields in the Gulf from BP....
.... http://on.ft.com/Su6ap6 Rosneft and AAR may sign TNK-BP deal in December: Sechin Rosneft should sign a binding agreement next month to buy half of oil company TNK-BP from the AAR consortium of Soviet-born...
...BP had scored big early successes by using modern technology to increase production at TNK-BP’s mature or “brownfield” sites in Siberia....
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