Hints and tips:
...It also creates the risk of throwing good money after bad, a cardinal sin. One fascinating nugget DD picked up: this new leverage is somewhat hidden....
...People committed the cardinal sin of chasing returns.”...
...It also works with companies including Schlumberger, the world’s largest oilfield services group, Total and Chevron....
...Technological advances that have enabled production from US shale oilfields to thrive will lead to growth of 8m barrels a day between 2010 and 2025, surpassing expansion rates enjoyed by any other nation...
...-2014, Mr Hall maintained his bullish view even as prices plummeted from $115 a barrel to below $30, arguing that the US shale revolution alone could not meet rising demand or offset declines at ageing oilfields...
...during negotiations over a disputed oilfield in Nigeria which has left the Anglo-Dutch group facing corruption probes in at least three countries, writes Andrew Ward....
...Glass Lewis, the shareholder advisory service, on Wednesday advised that investors vote against the proposals by NC KMG to tighten its grip on KMG EP....
...Or you could buy COSL, its sister company, specialising in oilfield services – with 75 per cent of its business coming from Cnooc....
...Technip, the French oilfield services company, said the thinking behind its move, decided at the end of 2014, was to rationalise costs and consolidate regional operations at a single base....
...On that basis, 40 per cent of the US production and oilfield services companies it covers are rated B-minus or below. “B-minus is a very weak rating,” says Thomas Watters of S&P....
...Selling there was widespread, with pipeline operators, exploration and production companies, oilfield servicers and integrated oil companies all facing losses....
...Oilfield services has been hit by capex cuts while defence is improving. So this looks like good timing for Mr Woodburn, cyclically speaking....
...Several companies have withdrawn IPOs in the past week, including Azul, the Brazilian airline established by JetBlue founder David Neeleman, Expro Oilfield Services, Poseidon Containers, and K2 Design &...
...That’s part of what we do and there’s a demand for these services,” says Daniel Jaeggi, co-founder of Mercuria, the Swiss-based trading house....
...The catalyst was a sharp rebound in oil, which also buoyed producers and oilfield services companies....
...Buyout groups have piled into oil and gasfields, oilfield service companies, power plants, utilities and wind farms....
...Mr Galuccio, who was a manager at oilfield services company Schlumberger, reversed a declining trend in oil and gas production at YPF last year, leading to a jump in profits....
...Libra deepwater oilfield in an auction on Monday....
...Its services are also generally complementary to Kinder’s, operating at a more local level than Kinder’s pipelines, many of which cover long distances....
...The two were awarded a service contract in Iraq’s fourth bidding round for Block 9, which covers over 900 sq. km. in the southern Basra province....
...“As long as we can provide transportation services to markets that pay better than [the market served by] the pipeline, we’re going to maintain and retain our market share,” Mr Smith says....
...to rig operators and oil services customers such as Baker Hughes and Schlumberger, which are more likely to outsource supplies....
...Oilfield services companies slipped as the Baker Hughes global oil and gas rig count fell for the first time since April....
...But there is one “cardinal sin” that investors say will be tougher to recover from than some other slip-ups: putting too many rotten eggs in one basket....
...The energy sector was one of the few winners in the session, led by oilfield services stocks as oil prices climber higher....
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