Brokers Bullish on Gas Weighted Companies
Brokers are gaining more confidence in gas producing companies in Canada according to a quick CanOils analysis of over 120,000 broker recommendations for 129 TSX and TSX-V companies since Q2 2010. By assigning a rating to Broker recommendations and looking at average value of these, we can see that since September 2012, there has been .. read more
Global Impact of North American Shale Gas Boom Forces Qatar to Shift Focus
The global impact of the US shale gas boom was in further evidence this week as Qatar Petroleum, along with its MOU partner, Centrica, made its first move into the North American E&P market in a $1 billion acquisition of Canadian assets from Suncor Energy. North America had been earmarked by Qatar as a guaranteed .. read more
Super majors feel the pinch in 2012
The annual 2012 results of the major players in the global oil and gas industry are out and a distinct picture on how the year has progressed can now be formed. At the top of the food chain, the super majors – consisting of Exxon Mobil, Shell, Total, BP and Chevron – turned out a .. read more
Latest CanOils Third Quarter Data Reveals the Challenges for Canadian Oil & Gas Juniors
Third quarter data now in the Canoils database tells an interesting story about the challenges and responses of Canada’s Junior exploration and production companies this year. We’ve aggregated the data for all companies in a group (see below) of 49 Junior exploration and production companies to give an overview of performance in the third quarter .. read more
Oil Money Still Pouring into Eagle Ford
A new analysis by Evaluate Energy highlights the big differences in drilling costs between companies in North American shale plays. The data reveals how much companies are set to spend and how many wells they will drill in the coming year in each play, and provides a benchmark average cost of a drilled and completed .. read more
Greenhouse Gas Emissions: In Situ Oil Sands Producers Drive Efficiencies, But Integrated Operations Take a Step Back
While overall greenhouse gas (GHG) emissions from oil sands operations are still rising, some producers are improving their environmental performance, according to the latest available government data analysed by CanOils. Total GHGs from oil sands projects increased 9.3% to 62.8 million tonnes of carbon dioxide equivalent (CO2e) in 2010, this compared with an estimated 13% .. read more
Oil and Gas Finding Costs Still Soaring
Oil and gas finding costs are on the rise again as inflationary pressures return to the industry and as Major companies struggle to improve their exploration performance in terms of reserves found per well drilled. That’s the picture that emerges from the latest company data from Evaluate Energy. In this report we focus just on .. read more
Deals of the Week: Pengrowth Makes $1.9 billion Move for NAL Energy Corp
In what was the biggest E&P deal of the week, fellow Canadian intermediate producers Pengrowth Energy and NAL Energy, combined to form a company which will reportedly be worth $6.6 billion. The deal will see Pengrowth acquire NAL in an all-stock deal, that values NAL at an enterprise level of $1.9 billion including approximately $600 .. read more
Deals of the Week: INPEX to Partner With Shell on World’s First Floating LNG Project
The major deal for this week was INPEX’s purchase of a 17.5% interest in the Prelude FLNG project offshore Australia from Royal Dutch Shell. The terms of the deal were not disclosed by either party but the bulk of the benefit to Shell will be to have another partner to share the future development costs .. read more
Deals of the Week: Linn Energy Makes the Largest Move in Quiet Week in E&P Market
In a subdued week for E&P deals, Linn Energy were the main protagonist for the second week in a row with the largest, albeit at $175 million, a small fraction of the $1.2 billion it had to pay to BP last week to take a position in the Hugoton Basin. In this week’s deal, Linn .. read more