The Russian bear has awakened and is again threatening the US and its allies. Flush with petrodollars and under the de facto leadership of Prime Minister Vladimir Putin, a former KGB commander, the Kremlin seems determined to extend its authority – if not its sovereignty – over its neighbors in direct confl ict with US and European interests.
Two attorneys on the capital markets team of law firm Charles Russell LLP weigh the pros and cons of an AIM company considering a move to the Main Market of the London Stock Exchange and why this has been so popular for oil and gas companies.
Local and regional banks are not immune to the financial meltdown affecting Wall Street institutions and could be the next to feel the impact, says Bill Gross, chief investment officer at Pimco.
Chesapeake Energy Corp. and BP America Inc. have signed an agreement in which BP will acquire all of Chesapeake’s interests in roughly 90,000 net acres of leasehold and producing natural gas properties in the Arkoma Basin Woodford Shale play for $1.75 billion in cash.
EDITOR’S NOTE: In researching this story, Oil & Gas Financial Journal contacted numerous E&P companies, mostly small- and mid-cap, in an effort to learn if naked short selling was a problem for energy companies.
Advances in drilling operations have made possible exploration and extraction of oil and gas from remote areas and severe climates. However, well blowouts with potentially catastrophic damages remain a risk.
Regulatory officials are putting oil and gas companies and service firms under a microscope as they examine overseas energy deals, particularly those involving government licenses.
In 2003 the systems utilized by the different business units at Newfield Exploration Co., would have been characterized as the spokes of a wheel, none of which were attached to its hub.
Timothy Marquez is founder, CEO and chairman of the board of Venoco Inc., a public, Denver-based energy company with a focus on producing property acquisitions in California.
