Hints and tips:
...But the oil companies’ activity to date has been speculative, involving a small fraction of the capital spent on fossil fuel production each year and limited to buying rights to prospective lithium resources...
...Somewhat limited use! But they are splendid objects,” he laughs....
...The best are less susceptible to inflation than manufacturing companies, because they employ proportionately fewer people and have limited input costs....
...Schlumberger, the third and biggest oilfield services player, reports tomorrow. We’ll give its boss Olivier Le Peuch the tiebreaking vote....
...Still, the market for new equipment and skilled workers to man rigs and truck equipment across the oilfields has quickly tightened after years of limited investment....
...UK debt interest payments hit an all-time high in June, highlighting the limited space available for tax cuts, one of the key promises of Liz Truss, one of the candidates to become the next prime minister...
...Shares in Schlumberger, the biggest of them, fell more than 70 per cent as the pandemic hit. US shale patch bankruptcies hurt its customer base, and Schlumberger sold its North American fracking unit....
...Foreign direct investors have, up to now, displayed limited appetite for Prince Mohammed’s plans....
...“No matter how much of a strongman you are, in front of a pandemic your power is limited,” he said, characteristically blunt....
...Argentina’s production of shale gas jumped by as much as 90 per cent over the past year — even if prospects for further expansion of gas production is limited by a lack of pipelines and liquefaction plants...
...He added: “At the same time, spare production capacity, which is essentially limited to only a few Opec countries, is now nearing its lowest level for more than a decade while decline in the world’s mature...
...Other deals with Total, Hyundai, Norinco, Schlumberger, Halliburton and Baker Hughes are also expected....
...With limited visibility on non-NOC Chinese buyers, we have therefore focused our analysis on other international exploration and production companies....
...“I warmly welcome Schlumberger as our majority shareholder....
...Investors have limited visibility because United is relying on prudence and outperformance to get through the Ofwat review, yet the group seems to have no more financial headroom than its listed peers, HSBC...
...“There is so much uncertainty,” says Andrew Gould, former chairman and chief executive of oilfield services company Schlumberger....
...“With a substantial capital overhang and still-limited large scale M&A-related transaction flow, private equity funds are actively looking at take-private opportunities even at a larger scale.”...
...“There are one or two who are prepared to subscribe on a fairly limited basis, because they don’t know exactly what products are going to be available....
...Potential rival bidders GlaxoSmithKline and Bayer have limited balance sheet capacity while Sanofi’s investment priorities are elsewhere, JPMorgan added....
...In an indication of Russia’s limited ambitions for shale, the energy ministry in a strategy document published in September predicted the Bazhenov would produce 400,000 b/d by 2030....
...“Regulatory, market and geopolitical developments” had limited the benefits of such a listing, he added....
...Conoco said: “We sold our 50 per cent interest to Trisonnery Asset Limited. We no longer have operations in Russia.”...
...“In the short term, activity visibility still remains limited as many of our customers are making drastic and sometimes unpredictable cuts to protect margins and cash flow,” he said....
...Under the leadership of Miguel Galuccio, an engineer who was handpicked by President Cristina Fernández from a senior position at Schlumberger, investment at Argentina’s biggest company jumped from $2bn...
...Mr Gould, former boss of oilfield services giant Schlumberger, is no stranger to boardroom controversy....
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