Iraq 4th Bidding Round Offers New Opportunities for IOCs
Iraq is one of the few countries where a high volume of reserves remains yet resources have vastly been under exploited. Although Iraq ranks highly as an oil producer, major fields are yet to reach their expected peak production rates and only a few fields are in development. In early 2011, the Iraq Oil Ministry .. read more
First Quarter 2011 Oil and Gas M&A Hits $45 Billion, as Shale Resources Continue to Dominate
First Quarter 2011 Oil and Gas M&A Hits $45 Billion, as Shale Resources Continue to Dominate The value of deals announced reached $45 billion in the global E&P sector during Q1 2011. A quarter in which the oil price broke through $100 per barrel on the back of increasing unrest in the North of Africa, .. read more
Oil and Gas Finding Costs on the Rise Again
Oil and gas finding costs are on the rise once more, according to the latest company data compiled by Evaluate Energy for the Major oil companies. Following a temporary lull in 2009 when spare capacity in the service industry and recession-induced falls in operating costs, the Majors are facing sharply higher operating costs once more. .. read more
Oil Sands Producers Cut CO2 Emissions
Canadian oil sands producers cut their carbon dioxide equivalent emissions (CO2e) per barrel produced in 2009, according to an exclusive CanOils analysis of newly-released official data. Integrated producers (companies that both produce and upgrade bitumen) emitted an average of 123 kg of CO2e emissions per barrel of syncrude produced in 2009 against 150 kg in .. read more
Thoughts on M&A in 2011
As the dust settles on an active year for mergers and acquisitions in the global E&P sector, Evaluate Energy has looked forwards, towards what kind of trends may develop in the sector during 2011. With only a modest growth in gas prices predicted, gas weighted assets are likely continue to change hands in the US .. read more
Key Trends in Oil & Gas Deals in 2010
Oil and gas deals in the E&P sector reached $73 billion in the 4th quarter of 2010 with deals for the year totalling $238 billion, compared with $151 billion in 2009. The total deal value in the last quarter of this year is second only to Q3 2010 in recent years, even outscoring Q4 2009 .. read more
Latin American Oil & Gas Assets Database Released
We are pleased to announce the completion and release of our Latin American Assets database adding to the comprehensive asset coverage already available for North Sea and African production and exploration assets. These new additions are another step towards our goal to provide a complete global assets database by early 2011 taking in virtually every .. read more
NOC’s Capital Spending Leaves IOC’s Behind
One key measure of the structural shift towards the growing dominance of the National Oil Companies (NOC’s) – the level of Capital Spending – suggests the pace of change may be accelerating. Capital spending by the NOC’s (see note 1) has soared recently. It has grown by a staggering 131% from 2005 to 2009. In .. read more
Nifty Footwork By Canadian Juniors Sees Big Shift to Liquids Production
A new Canoils analysis shows just how fast and successfully Canada’s leading Junior* oil and gas companies have been increasing their exposure to higher-priced liquids production and moving away from low-priced natural gas production. Over the last 6 quarters, a group of 49 Junior oil and gas producers shifted their liquids (crude and NGLs) weighting .. read more
African Oil Assets Database Now Live – All Producing Assets in Africa
A comprehensive database of every African upstream asset and exploration block is now available to all clients. Quickly find out which companies operate in a country, ownership, status, resource type, water depth, yearly production, reserves where available and a description. We have collated a huge amount of information on 1000s of assets across the continent .. read more