Hints and tips:
...Repsol will sell a 25 per cent stake in its exploration and production business to US investment group EIG for $4.8bn as Spain’s biggest oil company seeks to raise funds for renewables investments to pivot...
...They include a production line to start building a series of spacecraft, eventually reaching what Branson hopes will be a fleet of 30-40 that can carry passengers from locations around the world....
...The body of 167 countries has issued exploration contracts to 21 companies, but mining cannot begin until a mining code is passed....
...By the end of May, 18 exploration and production companies had declared bankruptcy this year, according to Haynes and Boone, a law firm. Denver-based Extraction Oil & Gas recently joined the list....
...Perhaps the exploration and production business has passed its apogee. But that does not mean oil and gas companies have lost their purpose as energy producers....
...Kimmeridge Energy has hired Mark Viviano as head of public equities to lead a new investment strategy focused on equity underperformance in public exploration and production....
...monopolies of Facebook, Google and Amazon less evil than those of historic equivalents like Standard Oil because they don’t use their market dominance (as yet) to gouge customers or sell goods above the cost of production...
...Google and Anadarko Petroleum, one of the largest US exploration and production companies, are using artificial intelligence to analyse large volumes of seismic and operational data to find oil, maximise...
...Guggenheim Partners, the second largest shareholder in the oil exploration and production company, has said it will vote against the company’s proposed acquisition of Bonanza Creek, joining Carl Icahn in...
...BP said the deal reflected its faith in the integrated oil and gas model — stretching from oil well to petrol pump — to create more value than upstream exploration and production assets on their own....
...Mr Christensen — who reiterated his “buy” recommendation and target share price of $100 — said the move also underscored that other top-tier exploration and production companies have alternatives for their...
...“We’re good at frontier exploration but the development and production phases require the skills of Big Oil,” he added....
...To be sure, Mexico’s oil industry still needs the equivalent of many orchards to reverse more than a decade of production declines....
...“What really makes this unique is that this is truly an exploration project,” Tim Duncan, president and chief executive of Talos, the block’s operator, told the Financial Times....
...Despite this risk factor, production in the region was cash generative last year....
...On Japan’s Topix oil & coal production index, the best performers were Fuji Oil (4.4 per cent), Cosmo Energy Holdings (3.3 per cent) and JX Holdings, a holding company for a number of subsidiaries in exploration...
...Linn Energy, an embattled US oil exploration and production group, said on Wednesday it had filed for bankruptcy protection....
...KazMunaiGas, which is 100 per cent owned by the Kazakh state, last month launched an attempt to tighten control over KazMunaiGas Exploration Production, or KMG EP, its UK-listed subsidiary, and offered to...
...The tally was buoyed by the default of Canadian oil exploration and production group Trident Resources and US financial service provider Community Choice Financial, US capital markets correspondent Eric...
...At the same time, it cut its capital and exploration expenditures by 19 per cent in 2015 from the year prior....
...and production company Continental Resources....
...Those borrowings make it the largest debtor among about 70 North American exploration and production companies that have gone bankrupt in this downturn, according to Haynes and Boone, the law firm....
...Moody’s also placed Chevron’s Aa1 ratings on review for a downgrade and took ratings actions on six other US exploration and production companies....
...Standard & Poor’s has taken ratings actions on 45 junk-rated energy exploration and production companies as the downturn in crude stretches into its twentieth month....
...ConocoPhillips, the largest US exploration and production company, was also put on watch for a possible downgrade within 90 days....
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