Table of ContentsEditor's CommentAnalyzing the oil price analystsSomeone recently likened the current global economy to a rollercoaster. No where is this more true than with oil prices. The petrocoaster has been on a long, steep dive since it peaked in mid-summer at $147.27 a barrel.
Capital PerspectivesFinancial crisis impacts energy industryShockwaves reach beyond Wall Street and are affecting oil and gas companies worldwide.
Analyze ThisOPEC’s influence on oil pricesHow macroeconomics and geopolitics are driving the price of oil.
Upstream NewsExxonMobil enters Black Sea, signs agreements with Turkish NOC, Petrom SATwo of Exxon Mobil Corp.’s affiliates, ExxonMobil Exploration and Production Turkey BV, and ExxonMobil Exploration and Production Romania Ltd. have signed agreements for work in the Black Sea.
FeaturesTechnical and operational expertise makes for a simple, effective strategyAN INTERVIEW WITH WIL VANLOH, CO-FOUNDER, PRESIDENT, AND CEO OF QUANTUM ENERGY PARTNERS.
New exchange makes it easier to avoid rigors of listing in USFrontera Resources, a Houston-based E&P company with focused activities in the country of Georgia, did what many other smaller US companies looking for financing were forced to do in recent years – they went overseas to do an IPO to avoid the high cost of listing in the US and onerous Sarbanes-Oxley reporting.
Middle East construction: contracting in a rollercoaster marketHistorically, construction contracting in the Middle East in the oil and gas sector, as well as other industries, has been typified by projects being tendered based upon lump-sum engineering, procurement and construction (EPC) contracts, with project sponsors having little tolerance for variances to the contract terms and conditions.
Market dynamics can be challengingCurrent economic conditions have created a ‘perfect storm’ in petroleum economics. In this atmosphere, it’s crucial to utilize capital more efficiently.
Chesapeake remains buoyant in turbulent seaLike many in the industry, Chesapeake Energy Corp. has found itself in a sea of financial woes.
Paradigm’s business model helps firm weather the economic stormEditor’s Note: Two senior executives with Paradigm, a provider of software solutions to global E&P companies, recently spoke with OGFJ editor Don Stowers about their products and services.
Interview with Cathy Douglas, Anadarko CAOEditor’s Note: With an accounting degree from the University of Houston, a CPA license, and over 30 years with Anadarko under her belt, the decision to promote Cathy Douglas to chief accounting officer appears to be on par with the company’s idea of “employee development.
OGFJ100P company updateIHS Herold Inc., the independent research firm, has provided OGFJ with updated production data for our periodic ranking of US-based private E&P companies.
Industry BriefsPXP completes $1.25B sale in Permian, Piceance basinsHouston-based Plains Exploration & Production Co. has sold its remaining interests in oil and gas properties located in the Permian and Piceance Basins to Occidental Petroleum Corp.
Energy PlayersRowan names Ralls CEO, president; appoints Lentz chairman of the boardRowan Companies Inc. has named W. Matt Ralls the company’s new president, CEO, and member of the board, succeeding D.F. McNease, who resigned in late October.
Beyond the WellCommitted to children, the arts Stilley aimed to make a difference upon his return to HoustonRandall Stilley, CEO of Pride International’s Mat-Supported Jackup Business, has long believed in the power of leadership. “I’ve always believed that business leaders have a responsibility to the community as well as to the company,” he said.
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