In the span of one month, two strong tropical cyclones struck the heart of the oil and gas producing region in the northern Gulf of Mexico and inflicted heavy damage to infrastructure, both onshore and offshore.
Edinburgh-based Wood Mackenzie has conducted a “health check” of the international exploration business, and the author of the study recently visited Houston, the center of the global energy industry, to report the results.
Energas Resources’ objective is to bolster shareholder value through increased reserves, production, and cash flow, and decreased finding, development, and lifting costs.
Islamic finance over the last several years has expanded throughout the world, not just in the Middle East, but in Asia, Europe, and the United States.
In contrast, fully de-integrated modern petroleum companies could not be structured or strategically positioned more differently (Fig. 2). In the extreme, each division operates as an independent company adopting business sector strategies and making day-to-day operational decisions that reflect the commercial realities of its markets.
