Hints and tips:
...Oil producers hedge prices in futures and other derivatives markets to guard against price drops and ensure they have cash to fund drilling, debt payments and other expenses....
...He had been a contender to replace Leon Black as chief executive last year but the job went to Marc Rowan, the architect of the company’s insurance ventures....
...Scott Bok, chief executive of boutique investment bank Greenhill & Co, stepped down as chair of the university’s board moments later....
...Goldman Sachs co-head of Latin America Ricardo Mora is leaving the bank, DD reports....
...Such sweeteners include so-called co-investments, which often allow investors to participate in deals without having to pay management fees....
...That cash flow is being ploughed into both drilling and carbon capture technology, including CO₂ sequestration facilities, transport pipelines and storage concentrated along the Gulf of Mexico coast....
...Take Thames Water, which it acquired with co-investors in 2006. Investors recovered all their money within six years by borrowing against its assets and paying out dividends....
...Shale groups funnelled unprecedented amounts of cash back to shareholders in the forms of dividends and stock buybacks in 2022, responding to Wall Street demands after a decade of debt-fuelled drilling binges...
...Oil people like cash well enough — but they really like drilling wells....
...Analysts said the move could free Continental to do what public producers have for months been told by Wall Street not to: fire up drilling rigs to capitalise on a surge in oil prices to well above $100...
...It amounts to a “pretty phenomenal outcome”, said Matt Portillo, head of research at investment bank Tudor, Pickering, Holt & Co....
...Biden officials said there was nothing stopping drillers from drilling. Both agreed on another guilty party: Wall Street....
...Better known in the US for its petrol stations, offshore drilling and the Deepwater Horizon oil spill, BP last year pledged to begin reducing crude production, cutting emissions — including rampant flaring...
...Apollo’s Marc Rowan said “almost every day, the business gets better”....
...Rowan, an accomplished financial engineer, might be Apollo’s brightest mind....
...The public sector also stipulated which side of the road people should drive on when highways expanded, how reservoirs would be co-ordinated to supply clean water, and so on....
...For groups such as Apollo, whose co-founder Marc Rowan had sought a hearing with the Trump administration for his ideas about how the US authorities should respond, policy responses made a huge difference...
...Job moves The head of oil group Equinor’s drilling operations Anders Opedal will take over as chief executive of the Norwegian company in November, replacing Eldar Saetre....
...Meanwhile, Black’s co-founder Marc Rowan, pictured above, “has decided he will take a step back from his day-to-day oversight of the [insurance] business and enjoy a semi-sabbatical”, Apollo said on Thursday...
...The rise was driven by more US shale drilling....
...Baker Hughes took a 5 per cent stake in Adnoc’s drilling unit....
...In August 2019, Larry Fink, co-founder of BlackRock, the world’s largest asset management group, flew out to the remote wilderness of Lake Iliamna in south-west Alaska....
...Since then, it has tapped debt capital markets, floated a stake in its retail arm, launched plans to trade its flagship crude on an exchange in Abu Dhabi and signed partnerships in drilling, refining, fertiliser...
...HoneyBee Robotics designs mechanical tools for space exploration and was last year awarded a contract from Nasa to send two payloads to the moon for drilling....
...What these owners did not anticipate was that the cost of exploring and recovering oil has not fallen, and hydraulic fracturing of wells has not made their drilling any more efficient....
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