Oil & Gas Financial Journal Articles, June 2008

Table of Contents

Editor's Comment

Near $130 now, will oil prices rise or fall?

Crude oil traders and energy company executives seem to disagree about which way oil prices are going.

Capital Perspectives

Russia imposes more restrictions on investment in oil and gas sector

For several years, the ability of foreign companies to invest in the Russian oil and gas sector has been unclear, as various pieces of draft legislation have made their slow progress through the Russian system.

Analyze This

Why competition is heating up for LNG

In recent years, there has been much discussion about the impact developing economies will have on the global energy markets. Economic growth in Asia has already heightened global competition for oil; now, the United States is experiencing the same competition for natural gas.

Upstream News

Pride expands contract work in deepwater GoM, inks $66M deal to sell platform rig fleet

Houston-based Pride International Inc. has been awarded a five-year contract from a subsidiary of BP for Pride’s advanced-capability, ultra-deepwater drillship that is scheduled for delivery in mid-2010.

Cover Story

Relationships, assets, employees come full circle for Milagro Exploration

What a year 2007 was for privately-held Milagro Exploration LLC. The small company, then held together by fewer than 15 employees, raised $825 million in debt and equity to purchase the Gulf Coast Division of Petrohawk Energy Corp.

Features

Forecasters predict active hurricane season

Offshore operators have prepared and beefed up installations since Hurricanes Katrina and Rita cut a swath through the Gulf Coast petroleum infrastructure in 2005.

Rodman & Renshaw buys assets of COSCO Capital Management

Transaction creates The Rodman Energy Group, which will focus on the oil and gas sector, initially in the United States and Canada, but with an eye towards international expansion.

Avoiding Gambler’s Stalemate: strategies for investing in petroleum ventures

Investing in petroleum ventures is like playing blackjack: too much risk yields spectacular defeat, while too little risk yields unspectacular defeat. This article is intended to provide a simple, cost-effective method for steering for the narrow sweet spot in-between.

Uncovering Utah’s hingeline secrets

ARKeX, a provider of geophysical remote sensing, recently completed a multi-client airborne gravity gradiometry survey of the geologically complex Utah hingeline utilizing its proprietary BlueQube survey technology.

The shift to wireless wellhead technology

Although wireless wellhead management solutions have generally been only a smart option until now, a perfect storm of reasons are combining to make adoption of the technology nearly mandatory for all owners of natural gas assets.

OGFJ, CanOils present 2007 year-end data, analysis on Canadian firms

OGFJ has teamed up once more with CanOils, Canada’s independent provider of oil and gas company information and analysis, to create the OGFJ Canadian 100. This report contains information from the CanOils database for year-end 2007.

Industry Briefs

Stone Energy to acquire Bois d’Arc Energy for $1.8B

Stone Energy Corp. will acquire Bois d’Arc Energy Inc. The transaction has an aggregate value of roughly $1.8 billion.

Energy Players

Canadian Advanced taps Mangano as president, CEO

Edmonton-based oil and gas services company, Canadian Advanced Inc. has appointed Leo Mangano as president and CEO.

Beyond the Well

Black Elk Energy, LACAP empower Louisiana communities with partnership

Black Elk Energy, an independent oil and gas company, has partnered with the Louisiana Association of Community Action Partnerships’ (LACAP) ‘Empowering the Community’ initiative.

This Issue

Volume 5
Issue 6
June 2008