Oil & Gas Financial Journal Articles, May 2009

Table of Contents

Editor's Comment

Peak oil’s impact on energy policy

In the past week, I’ve read several interesting commentaries that give pause for thought. Just this morning, Raymond James sent out its weekly newsletter with an observation about peak oil.

Capital Perspectives

Russia implements new law regarding foreign investment

EDITOR’S NOTE: In June of last year, OGFJ published an article from Vinson & Elkins’ Natalya Morozova and Rob Patterson about the Russian government imposing new constraints on foreign investment in Russia’s oil and gas sector.

Analyze This

Capital still accessible for the energy industry

Despite dismal market conditions, capital continues to find its way onto the industry’s balance sheet.

Upstream News

Chesapeake Energy curtails natural gas production even further in current low price environment

Instead of selling into a historically depressed market, Chesapeake Energy Corp.

Cover Story

M&A leader says low valuations are driving activity

AN INTERVIEW WITH ADAM WATEROUS, GLOBAL HEAD OF INVESMENT BANKING, SCOTIA CAPITAL

Features

Oil, gas M&A transactions derail in 2008

On opposite sides of the deal structure, XTO, Chesapeake account for US$22.4 billion of total US$59.6 billion upstream deal value; StatoilHydro wields large US$2.1 billion upstream acquisition outside North America.

Goldman Sachs, Scotia Waterous were top M&A advisors in 2008

Advising on merger and acquisition transactions is a lucrative business. For each transaction there is a financial advisor to the seller, a financial advisor to the bidder, a legal advisor to the seller, and a legal advisor to the bidder.

Beyond the Joint Venture: True collaboration for long-term success

Opportunities for further industry consolidation appear to be likely for many entities, but in what form? Of the four likely scenarios that we describe in this article, the most complex to execute – a hybrid IOC-NOC collaboration – offers the greatest potential for sustainable returns.

Board games: Recent court rulings board members should heed to make winning moves

As the current financial crisis continues to expand, affecting nearly all business and governmental sectors, few industries have been left untouched.

The time is ripe for mergers

Company acquisitions can be a strain on resources, but it is crucial to have business systems in place to accurately and effectively integrate the acquired company’s data into your business.

Revenue and net income plummet for most in 4Q08

If there is any one indicator that shows how far US-based oil and gas companies fell from the third-quarter of last year to the fourth quarter, it is the OGJ200 list of the 20 fastest-growing companies.

Industry Briefs

First Reserve establishes $9 billion private equity fund

First Reserve Corp. has formed a $9 billion private equity fund, First Reserve Fund XII LP, to make privately negotiated equity and equity-related investments in a diversified portfolio of companies in the global energy industry.

Energy Players

Olson to retire executive posts at Oxy; Lowe promoted

R. Casey Olson has elected to retire from his positions as Occidental Petroleum Corp.’s executive vice president, and president of Oxy Oil and Gas - International.

Beyond the Well

Helping to create livable communities, Apache donates its millionth tree

On April 27, independent oil and gas exploration and production company Apache Corp. celebrated planting 1 million trees that have improved wildlife habitats, restored storm damage, and enhanced cities and neighborhoods in 14 states.

This Issue

Volume 6
Issue 5
May 2009