Corporate

Lenders shift towards cleaner investments to align with Paris Agreement targets

The underperformance of oil and gas stocks will lead auditors to closely examine goodwill and impairment testing calculations

Solutions such as renewable diesel can be much better for the environment than large-scale biofuels

Gulf Energy Information asked readers in the upstream, midstream and downstream to name their perceived leaders in Sustainability

Sustainability in oil and gas is becoming increasingly important to the long-term viability of the industry.

The UKCS explorer’s strong balance sheet allows it to brush off many of the challenges posed by the oil price collapse, but it is still not immune to bearish investor sentiment

US independent slices off chunk of near-term debt but ominous overhang remains an existential threat

The Denver-based shale company’s bankruptcy notice is likely to be the first of many among US producers

The Canadian firm has rebranded and joined the US shale revolution. But the oil price crisis is raising doubts about whether recent acquisitions will be economically viable

Lorenzo Simonelli has reinvigorated Baker Hughes’ oilfield business lines while positioning it to be at the forefront of the energy transition

Sagging oil prices bruise the firm’s bottom line, despite a positive quarterly upstream performance

Deal-making across the oil and gas patch has slowed to a crawl despite a swathe of potential devalued assets and strained companies eager to divest

North Sea developer eyes cut-price production to bolster its balance sheet

BPC consolidates its expansion into Latin America with takeover of Trinidad producer Columbus Energy Resources

The landscape may look very different to when deals were struck. But it is not all bad news for those that acquired North Sea assets in recent years

Downturns often usher in buying opportunities, but there are unique obstacles in the current environment

The capital is there, but the amount and cost of funding may be less favourable than it has been in the past.

The winners of the 2019 Petroleum Economist Awards were announced in London on 19 November

Deloitte Consulting LLP

EQUATE

Sadara Chemical Company

Eni

Energean

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

Pipelines, storage facilities and processing plants could replace non-advantaged production as prime candidates

The US downturn and the inexorable rise of ESG concerns are clouds on the horizon even for traditionally low-risk energy investments

Rapid expansion beyond core natural gas assets has stretched the firm to the verge of bankruptcy

Economic reality is likely to stall the breakneck speed of the Brazilian firm’s asset sales plan

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

The twin shocks of Covid-19 and the oil price collapse have severely impacted the company’s bottom line, but it is well-placed to bounce back

Profits plunged during the first quarter for a sector already struggling to contend with growing debt and a shortage of midstream takeaway

The failure of multiple projects in Africa and depressed oil prices puts the company in ‘significant doubt’

Succession of acquisitions and project ramp-ups help strengthen the company’s portfolio in a tough environment for the sector

Financial results suffer as erratic global politics and abundant supply sends energy prices tumbling

Upstream results from some leading oil firms were the best seen for years, but others fell flat