Oil & Gas Financial Journal Articles, January 2008

Table of Contents

Capital Perspectives

Resource nationalism repeating itself

In Bolivia, a populist leader takes power and, with popular support, nationalizes foreign oil holdings in that nation.

Analyze This

Can this boom be sustained?

As the New Year kicked off with $100 oil, the murmur of recession and bust began to circulate throughout the industry.

NewsBits

China’s banks becoming financial giants

Houstonian Jim Trippon, CEO of Trippon Wealth Management, wrote this month’s cover story on the phenomenal growth of China’s banking system.

Upstream News

Aker Kvaerner wins new contracts with CNOOC, Husky Oil Operations

Aker Kvaerner has expanded its workload with new contracts. First, the company has deepened its stake in the Chinese market by signing two deals with China National Offshore Oil Corp.

Cover Story

Banking on China in energy transactions

Once considered a house of cards, China’s banks have restructured and made a remarkable turnaround in a few short years.

Features

ALTERNATIVE ENERGY, PART 1

Washington has created new mandates and financial incentives that promote alternative energy, including the conversion of agricultural products to ethanol and next–generation biofuels.

The risk intelligent energy company: weathering the storm of climate change

Risks associated with global climate change require a fresh and highly integrated approach that helps mitigate the unparalleled challenges of so much uncertainty.

The importance of effective succession planning

True leadership has always been and will probably always be a scarce commodity in most organizations.

OGFJ100P company update

John S. Herold Inc., the trusted independent research firm, has once again provided OGFJ with updated production data for our periodic ranking of US–based private E&P companies. The rankings provided by Herold are based on operated production only within the United States.

Mexico Pt.5: New times, new opportunities

After the Spanish conquest of Ciudad del Carmen in 1518, the island was occupied by pirates for two centuries before it became one of Mexico’s most important fishing ports in the middle of the 20th century.

Financial Update

Service company earnings drive independent growth in 3Q2007, oil/gas producers show declines

The Energy Information Administration (EIA) reports that earnings for the 43 independent energy companies it surveyed grew 10% in the third quarter of 2007 compared to earnings in the same quarter of 2006 (see Table 1).

Industry Briefs

Pioneer closes sale of Canadian assets

Pioneer Natural Resources has closed the sale of its Canadian subsidiary, Pioneer Natural Resources Canada Inc.

Energy Players

Rosetta Resources names Limbacher president, CEO

Rosetta Resources, an independent oil and gas company, has named Randy L. Limbacher president and CEO.

Beyond the Well

Gregory’s journey restores hope to a forgotten Houston community

Jonathan Gregory is an executive vice president with Texas Capital Bank, where he has managed the bank’s Houston Energy banking group for the last three years.

Editor's Comment

NYMEX going green

The global market for alternative energy is estimated at $60 billion for products and services at this time and is growing rapidly, says Don Warlick, veteran energy consultant and frequent OGFJ contributor.

This Issue

Volume 5
Issue 1
January 2008