Table of ContentsEditor's CommentEconomic news has been bad; is a massive bailout the answer?The news from the financial markets has been staggering. Here are some of the recent headlines: Credit crunch worsening Government seizes WaMu 1,000 bank closures ahead Lehman Brothers in bankruptcy $85 billion rescue of AIG End of an era in finance $700 billion bailout looms.
Capital PerspectivesAudits will protect your environmental compliance investmentOne of the most significant financial issues for both upstream and downstream companies in the oil and gas industry is not often considered in financial terms: the cost to ensure environmental compliance.
Analyze ThisIraq: The energy wild cardIn a time of great uncertainty about world oil supplies, there has been no bigger question than what role a rebuilt Iraq will play in the global supply chain.
Upstream NewsEx-Im Bank finances US exports to RIL for exploration, development in IndiaThe Export-Import Bank of the US (Ex-Im Bank) recently approved a $400 million long-term loan guarantee to support US exports of equipment and services to Reliance Industries Ltd. (RIL) of Mumbai, India, for its onshore and offshore oil and gas exploration and production activities in the Krishna Godavari Basin in the Bay of Bengal.
Cover StoryBoots & Coots branches out into prevention and pressure controlEDITOR’S NOTE: Jerry Winchester, president and CEO of famed well control company Boots & Coots, is a busy man these days.
FeaturesInsurance coverage disputes arising from well blowoutsAdvances in drilling operations have made possible exploration and the extraction of oil and gas from remote areas and severe clilmates. However, well blowouts with potentially catastrophic damages remain a risk.
RETENTION: A growing concern in the executive suiteThere is rising competition to fill the executive suites of energy companies, especially in the thin ranks of candidates over age 45.
SEC enacts new order to curb short sellingJust last month, Oil & Gas Financial Journal covered the issue of short selling stocks.
Haynesville takes Louisiana by storm, Commissioner speaksAt the Houston, Texas office of Graves & Co., Louisiana’s Commissioner of Conservation, Jim Welsh, spoke both one-on-one to OGFJ, and to a group eager to hear about the state of Louisiana.
ConocoPhillips, Origin Energy form CBM-to-LNG joint venture, create long-term Australasian businessConocoPhillips has teamed up with Origin Energy, the largest holder of proved and probable gas reserves in eastern Australia, to create a long-term Australasian natural gas business focused on coal bed methane (CBM) production and liquefied natural gas (LNG) processing and sales.
Industry BriefsBP inks $1.9B deal with Chesapeake for interest in FayettevilleChesapeake Energy Corp. and BP America intend to implement a joint venture whereby BP will acquire a 25% interest in Chesapeake’s Fayetteville Shale assets in Arkansas for $1.9 billion.
Energy PlayersOil, gas marketing research pioneer Welling passes awayJoe Welling, 68, founder of one of the first marketing research firms in the oil and gas industry, died August 24 from complications related to congestive heart failure and diabetes.
Special ReportAberdeen: a global center of excellence for oil and gasThe discovery of significant oil deposits in the North Sea during the 1960s and 1970s marked the beginning of a new era and a definitive turning point in the modern history of Aberdeen, Scotland’s third largest city.
Beyond the WellPwC-Houston revitalizes Hester House as part of firm wide Month of CommunityPricewaterhouseCoopers is known for its assurance, tax, and advisory services to the industry. To help demonstrate the firm’s values it has declared June as a firm wide ‘Month of Community,’ a national effort, now in its third year, that the firm sponsors at offices around the country, involving 30,000 partners and staff and millions of dollars in donated time.
SupplementalNew ETRM technology aids market participantsEnergy markets have undergone fundamental and structural changes the past few years.
Energy trading and risk management technology in the oil and gas industryMost oil and gas companies do not like to consider themselves “energy traders.
Lacima riskAnalytics revolutionizes valuation and risk reporting across multiple commodities and regionsIn today’s more volatile, faster moving commodity markets, sophisticated valuation, sound risk management and accurate risk reporting is more important than ever.
Removing barriers between offices: an energy commodity risk management necessityMany front and middle-offices at energy trading organizations have in the past split apart due to conflicting agendas.
SolArc provides insight and controlSolArc, Inc. is a global provider of enterprise commodity management solutions.
How ETRM systems best support the refinery modelRecent market volatility has created a growing demand for ETRM systems to assume a more sophisticated role in managing the oil asset at the refinery level.
The Enterprise Solution: Commodity XLMulti-Market Commodity and Enterprise Risk Management .
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