Table of ContentsEditor's CommentLooking for the silver liningI like to think of myself as a cynical journalist – not a wild-eyed Pollyanna.
Capital PerspectivesNew oil and gas reporting rules enhance data for M&A activityThe largest hurdle for oil and gas companies seeking to merge with or acquire a competitor is estimating the true value of their target’s resources and potential reserves – a process made more difficult by recent advances in technology and the emergence of non-conventional hydrocarbons.
Upstream NewsRegency, Alinda, GE form JV to finance, construct Haynesville Pipeline projectRegency Energy Partners LP, Alinda Capital Partners LLC, and an affiliate of GE Energy Financial Services will form a joint venture to finance and construct Regency’s Haynesville Expansion Project, a North Louisiana pipeline that will transport gas from the Haynesville Shale.
Cover StoryNorway’s StatoilHydro emerges as top global deepwater operatorUntil their merger in October 2007, Statoil and Hydro were two of the most prominent players in the Norwegian oil industry going back to the early 1970s.
FeaturesA conversation with Statoil’s Peter MellbyeEDITOR’S NOTE: Peter Mellbye, StatoilHydro’s Executive Vice President for International E&P, was a speaker at the CERA Week conference in February.
Low prices, lower demand impact offshore economicsIn the current economic environment, cash-rich companies, including majors and super independents, are generally faring better than mid-sized and smaller operators, particularly those that are over-leveraged.
ATP monetizes infrastructure value with $150M investment from GEGE Energy Financial Services, a unit of GE, has agreed to invest $150M in a partnership with Houston-based ATP Oil & Gas Corp. which will own and operate the ATP Innovator in deepwater Gulf of Mexico, an area that holds 63% of the company’s proved reserves.
Appeal to young geoscientists helps fuel SMT’s growth, says CEO Arshad MatinEDITOR’S NOTE: Seismic Micro-Technology, better known as SMT, is a recognized leader in providing geoscience interpretation technology to the upstream oil and gas industry.
Quorum bucking economic trend, says CEO Paul WeidmanEDITOR’S NOTE: Amid an economic downturn, Quorum Business Solutions projects that its 2009 revenues will surpass 2008.
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 BriefsHalliburton to issue $2B of senior notesHalliburton, a large provider of products and services to the energy industry, has priced an offering of $2 billion in an aggregate principal amount of senior notes.
Energy PlayersIN MEMORIUM Bill Moyer (1956 – 2009)Beloved husband, father and friend, William Vance Moyer II, passed away March 2 at his home in Annapolis, Md. after a battle with non-smokers lung cancer. He was 52. Moyer spent his entire professional career in the oil and gas finance industry.
Beyond the WellWeaver and Tidwell Foundation makes company an ‘impact player’Weaver and Tidwell, the Southwest’s largest independent regional accounting firm, serves a variety of industries in a variety of cities.
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