Table of ContentsEditor's CommentBudget proposal is harmfulThe Independent Petroleum Association of America rarely gets this upset about a new government policy.
Capital PerspectivesUsing REITs structure to enable private equity investment in energyEDITOR’S NOTE: This is the second in a two—part series on master limited partnerships (MLPs) and how they can use real estate investment trusts (REITs) in enabling private equity investment in energy projects and infrastructure.
Analyze ThisBullish opportunities in a bear marketEconomic uncertainty, increasing unemployment, high volatility of commodity prices, slumping oil and gas consumption, and limited access to capital are a number of factors that have fostered the bearish sentiment that has permeated throughout our industry for much of first quarter 2009.
Upstream NewsAnadarko strikes oil at Heidelberg prospectOil major Anadarko Petroleum has made an oil discovery at its Heidelberg prospect in Green Canyon block 859 in the deepwater Gulf of Mexico.
Cover StoryIndustry struggles with low prices, lack of capitalCapital constraints are crippling parts of the energy industry, as many banks, preferring to reduce their risk exposure to near zero, are declining to lend money.
FeaturesIPAA still leading the charge against policies harmful to oil and gas interestsWith the arrival of the Obama administration, a solid and somewhat hostile Democratic majority in Congress, and low commodity prices, US oil and gas producers have entered a challenging period.
Beyond the capital drought: challenges and opportunitiesPresident Obama’s inauguration advice to the country would seem to apply particularly to oil and gas companies: it’s time to “pick ourselves up and dust ourselves off” and, as this article addresses, apply ourselves to the current capital crisis with honesty, creativity and, dare we say, a little bit of hope.
Newly spun—off from parent company, SMH Capital looks for greater opportunitiesLast August, Sanders Morris Harris Group Inc. began exploring strategic alternatives for its Capital Markets unit.
California: Third largest consumer of oil in the worldThe Golden State should instead consider calling itself the Black Gold—en State.
Investment in safety pays offAs the cost of insurance claims has increased, the relationship between US insurance companies and the companies they cover has evolved in a consultative direction, resulting in a closer alignment and partnership between insurers and the oil industry.
Wage and hour dilemmas: how nice guys finish lastIn my employment practice, it is not usual to hear employers say, in good faith and with great (and understandable) emotion: “But I treated them like family!” Yes, and you know, some parts of your family you would sooner do without.
Industry BriefsChesapeake makes public senior notes offering of $1.4BChesapeake Energy Corp. priced its previously announced public offering of $425 million aggregate principal amount of 9.50% Senior Notes due 2015.
Energy PlayersTrice to retire CEO post at Newfield, Boothby to step inNewfield Exploration has made recent management changes. Lee K. Boothby was named president.
Beyond the WellWellPoints’ Road Warriors turn hotel staples into shelter donationsWith its headquarters in Calgary, multiple operations spanning North America, Tunisia, and South Africa, and clients in sixty countries, travel is commonplace for executives and employees of WellPoint Systems Inc.
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