Table of ContentsEditor's CommentAlberta should listen to industry expertsThe energy-rich Canadian province of Alberta wants a bigger slice of the energy pie, so in February the government appointed a blue-ribbon panel to review energy royalties and come up with a plan to increase the government’s take.
Capital PerspectivesPractical tips and techniques for mass tort liability avoidanceBy way of introduction, “mass torts” were once thought the province of companies whose products caused injury or were the result of a catastrophic occurrence (such as a release of pollution into the drinking water supply of a city).
Upstream NewsFiercely competitive Central GoM lease sale nets $2.9 billionThe Minerals Management Service (MMS) recently conducted one of the most competitive auctions ever held in the central and eastern Gulf of Mexico region.
Cover StoryTXCO Resources growing,becoming more diversifiedTXCO Resources has seen major changes during the last two years. Its acquisition of privately held Output Exploration LLC in early 2007 doubled proved reserves, significantly increased oil and gas production, and opened new drilling opportunities outside TXCO’s core Maverick basin operating area.
FeaturesHistory in the making: the evolution of the 144a marketThe private equity market has grown substantially in the last five years. NASDAQ estimates that the amount of equity and debt capital raised using Rule 144a has grown three–fold since 2002 and exceeded $1 trillion in 2006 for the first time.
Cash the catalyst for consolidationWith the current upcycle in the energy industry extending into its third year, energy companies?oilfield service companies, in particular?have been generating record amounts of excess cash.
Louisiana staying competitive in attracting energy investmentDespite the state’s legacy in the energy industry, Louisiana is not standing still.
Mexico Pt.4: New times, new opportunitiesWithin a month after Hurricane Dean paralyzed oil activities in the Bay of Campeche, which cost PEMEX up to US$1.5 billion in lost production, the Mexican Congress and Senate approved a long awaited fiscal reform package aimed at reviving the financial muscle of Mexico’s national oil company.
Industry BriefsEnergy PlayersEnergy PlayersMark A. Jackson has resigned from the positions of chairman of the board, president, and CEO of Noble Corp.
Midstream NewsCanada’s NEB approves Deep Panuke Pipeline; forecasts deliverability declineThe National Energy Board has approved an application by EnCana Corp. to build a 176–kilometer long underwater pipeline off the coast of Nova Scotia.
Beyond the WellSupplementalHEDGE FUNDS DRIVING ENERGY TRADING ACTIVITYHigh commodity prices have made the energy industry as dynamic as it has been in some time, and the energy trading and risk management (ETRM) sector is no exception. Competition is fierce among energy traders, software vendors, and business and IT consulting companies.
Evolution in energy trading highlights need for improved risk management skillsThe energy complex is becoming more complex as new players with billions of dollars flock to electronic trading platforms on exchanges and over-the-counter markets.
CFTC serves as ‘cop on the beat,’ protects market from fraud and abuseWhen the Commodity Exchange Act was written in 1974, Congress did so to ensure that someone with oversight understood the futures and options markets.
Commodity XL- the industry’s leading trading and risk management solutionCommodity XLTM is Triple Point’s flagship solution and is the only commodity trading and risk management system that works across multiple commodities, in real-time from front-to-back office.
Mining for modern-day gold - risk management best practices for the oil and gas industryAccounting rule changes, Sarbanes-Oxley and volatile energy commodity prices have forced oil and gas companies to seek better risk management programs.
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