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Revenue and net income plummet for most in 4Q08
By Oil & Gas Financial Journal May 15th, 2009 - PERMALINK
If there is any one indicator that shows how far US-based oil and gas companies fell from the third-quarter of last year to the fourth quarter, it is the OGJ200 list of the 20 fastest-growing companies. For the final quarter of 2008, only one company ?
M and A leader says low valuations are driving activity
By Oil & Gas Financial Journal May 15th, 2009 - PERMALINK
AN INTERVIEW WITH ADAM WATEROUS, GLOBAL HEAD OF INVESMENT BANKING, SCOTIA CAPITAL EDITOR?S NOTE: Adam Waterous is vice-chairman and head of global investment banking for Scotia Capital. In this capacity, he is responsible for all of Scotia Capital?s
Chesapeake Energy curtails natural gas production even further in current low price environment
By Oil & Gas Financial Journal May 15th, 2009 - PERMALINK
Instead of selling into a historically depressed market, Chesapeake Energy Corp. has elected to curtail roughly 400 million cubic feet (MMcf) per day of its gross natural gas production. The reduction includes the 200 MMcf per day curtailment of natural
Russia implements new law regarding foreign investment
By Oil & Gas Financial Journal May 15th, 2009 - PERMALINK
EDITOR?S NOTE: In June of last year, OGFJ published an article from Vinson & Elkins? Natalya Morozova and Rob Patterson about the Russian government imposing new constraints on foreign investment in Russia?s oil and gas sector. Since that time,
Peak oils impact on energy policy
By Oil & Gas Financial Journal May 15th, 2009 - PERMALINK
In the past week, I?ve read several interesting commentaries that give pause for thought. Just this morning, Raymond James sent out its weekly newsletter with an observation about peak oil. Marshall Adkins and the folks over at Raymond James? Houston
First Reserve establishes $9 billion private equity fund
By Oil & Gas Financial Journal May 15th, 2009 - PERMALINK
First Reserve Corp. has formed a $9 billion private equity fund, First Reserve Fund XII LP, to make privately negotiated equity and equity-related investments in a diversified portfolio of companies in the global energy industry. Law firm Simpson Thacher
Capital still accessible for the energy industry
By Oil & Gas Financial Journal May 15th, 2009 - PERMALINK
DivestPro Energy Partners Despite dismal market conditions, capital continues to find its way onto the industry?s balance sheet. Amidst the news of bankruptcies, low commodity prices, and tight credit markets, there have been some positive headlines
Helping to create livable communities, Apache donates its millionth tree
By Oil & Gas Financial Journal May 15th, 2009 - PERMALINK
On April 27, independent oil and gas exploration and production company Apache Corp. celebrated planting 1 million trees that have improved wildlife habitats, restored storm damage, and enhanced cities and neighborhoods in 14 states. Houston Mayor Bill
Oil falls towards $58 on dollar, weak demand
By Yahoo! Canada May 15th, 2009 - PERMALINK
By Joe Brock LONDON (Reuters) - The U.S. oil price fell toward $58 on Friday, pressured by weak demand and as the U.S. dollar firmed against the euro. U.S. crude for June delivery fell 48 cents to $58.14 a barrel at 6:38 a.m. EST. London Brent for July
Olson to retire executive posts at Oxy; Lowe promoted
By Oil & Gas Financial Journal May 15th, 2009 - PERMALINK
R. Casey Olson has elected to retire from his positions as Occidental Petroleum Corp.?s executive vice president, and president of Oxy Oil and Gas - International. Olson has been with the company for 12 years. Between now and year-end, he will continue
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