Risk has a speed limit — a bright shining line separating "good risk," which leads to a higher long–run growth rate of wealth, and "bad risk," which doesn't.
Houston–based Pride International Inc. has dedicated the first of its four new deepwater drillships under construction by Samsung Heavy Industries in South Korea, the Deep Ocean Ascension.
From its creation in 1924 as the Compagnie française des pétroles, France's Total, together with its subsidiaries and affiliates, has grown to become the world's fifth largest publicly–traded integrated oil and gas company in 2010 with 96,950 employees and operations in more than 130 countries.
The financial crisis in 2008 was a shock to everyone, including us. The precipitous drop in oil prices from $114 a barrel in June to $35 in December was stunning.
Executives and project managers for operators, service companies, contractors, and vendors on oil and gas projects are very concerned these days with the profitability and risks on their contracts.
IHS Herold Inc., the independent research firm, has once again provided OGFJ with updated production data for our periodic ranking of US–based private E&P companies.
The major deal of the past 30 days is Devon Energy's sale of all of its assets in the deepwater Gulf of Mexico, Brazil, and Azerbaijan to BP for $7 billion.
Lime Rock Resources has closed two acquisitions, totaling $113 million, of working interests in oil and gas properties in Oklahoma and Texas from separate sellers.
Law firm Bracewell & Giuliani LLP has hired Mark Lewis and Kirk Morgan, both formerly of Paul Hastings, to join the firm's Washington, D.C. office as partners in its energy practice.