Finance
Letter from the Middle East: Selling off the family silver
24 September 2020
Auctioning minority stakes in NOCs’ assets may fill short-term budget holes, but they are no guarantee of long-term change
US shale running out of time
1 September 2020
Financial conditions may have rallied, but the long-term survival of many firms still hangs in the balance
Green bond issuance set for record despite Covid-19
28 August 2020
High investor demand, especially for energy transition bonds, set to be further boosted by introduction of German 'twin bunds'
Danger ahead for offshore services sector
28 August 2020
Unmanageable debt and a shortage of work is wreaking havoc on company finances. Bruising maturities starting from next year could signal even more pain
Oxy under pressure
19 August 2020
Crumbling revenues heighten concerns over looming debt maturities and the firm’s ability to avoid becoming another high-profile casualty
Pioneer dividend proposal aims to attract fresh investment
14 August 2020
The company’s new strategy to retain and draw shareholders aims to shake up the shale growth model
Pemex debt strategy at risk of unravelling
30 July 2020
The Mexican firm had made some progress arresting its hefty debt pile, but the economic downturn and government obsession with upstream targets has started to take its toll
Oil firms ready to pick up the infrastructure divestment pace
13 July 2020
Pipelines, storage facilities and processing plants could replace non-advantaged production as prime candidates
Caution creeps into investors’ oil and gas infrastructure appetite
7 July 2020
The US downturn and the inexorable rise of ESG concerns are clouds on the horizon even for traditionally low-risk energy investments
Chesapeake peers over the precipice
24 June 2020
Rapid expansion beyond core natural gas assets has stretched the firm to the verge of bankruptcy
Petrobras set for divestment hit
19 June 2020
Economic reality is likely to stall the breakneck speed of the Brazilian firm’s asset sales plan
Oil investors look for one last super-cycle
3 June 2020
As the pandemic starts to ease, fund managers focused on the oil and gas sector predict a price recovery but still value the protection of strong balance sheets
Clock ticking for Oxy
29 May 2020
Producer in race against time to generate funds needed to pay down mounting debts
IEA warns of investment chasm
29 May 2020
Energy funding poised to plunge as renewables fare better than fossil fuels
Different horses for the oil sands course
22 May 2020
Norway pulls funding from Canada’s heavy, sulphurous crude as Saudi Arabia expands its footprint
National priorities shape NOC strategies
7 May 2020
The state of countries’ finances—together with their exposure to market volatility and the pandemic—is determining funding possibilities for state oil companies
Independents vulnerable to debt trap
6 May 2020
A combination of aggressive cost-cutting and judicious hedging has given at least some independents a fighting chance of coming out the other side of the coronavirus crisis intact
IOCs put on show of strength in bond markets
5 May 2020
Majors have issued bonds and cut expenditure in equal measure, ensuring a buoyant market for their debt
US set for a bumpy ride
1 May 2020
The shale patch may face a prolonged road back to health, agree the PE Live 1 panellists
PE Live: Covid-19 may not justify force majeure
23 April 2020
The declaring party will need to demonstrate a causal link between the pandemic and the reason it is unable to fulfil its obligations
US shale stocks go into reverse
21 April 2020
Chesapeake, Callon and Oasis Petroleum have all announced reverse stock splits, highlighting the parlous financial health of the sector
All systems go
9 April 2020
New Siemens oil and gas CEO Thorbjoern Fors says that every fuel source and technology should be in the energy mix as the world economy strives towards carbon neutrality
Bahrain mulls asset sale as cash crunch bites
10 March 2020
Manama may seek to sell non-producing assets in order to mitigate the severe shock of falling oil prices, experts say
Trafigura goes upstream
2 March 2020
The trading house expands its E&P footprint, but does not want to go down the ‘mini-major’ route
Commission pushes euro-denominated trading
1 March 2020
European authorities are keen to try to move markets away from the dollar
Oil & gas credit quality stagnates
10 January 2020
The recovery in credit risk across the global industry has slowed, due to several sources of disruption