Analysts revise Ithaca outlook over ‘lack of progress’ on Cambo
Analysts have revised their forecasts for Ithaca Energy following a string of cancelled investments and slow going on the development of major projects like Cambo.
Jefferies
Jefferies: High oil price could double value of Harbour, Ithaca and EnQuest
The value of several North Sea operators could soar this year, according to ambitious predictions made by US investment bank Jefferies.
The impossible job? Challenges ahead for new Petrofac CEO
Analysts have warned that the surprise announcement of a new CEO for Petrofac (LON: PFC) is a negative signal for investors, with “renewed scrutiny” ahead for its balance sheet.
‘No more tax changes after this’: Industry execs with key asks on Autumn Budget windfall tax
With an expected surge in the windfall tax in today's Autumn Budget, North Sea industry executives have set out their key asks for chancellor Jeremy Hunt.
Windfall Tax deals blow to North Sea firms EnQuest, Serica and Harbour Energy
Researchers have set out the near-term impact on North Sea players from the windfall tax, while EnQuest reportedly is looking elsewhere to invest.
How ESG, and the wider energy industry, is being challenged by Russia’s invasion of Ukraine
The definitions of Environmental, social and corporate governance (ESG) have been challenged by Russia’s invasion of Ukraine, nowhere more so than in the energy sector, where companies have been forced by events to exit Russia abruptly and energy prices have soared to record levels.
‘A merger of almost equals’: Jefferies on reported Harbour – Neptune plans
A merger of Neptune and Harbour Energy would create a company with market capitalisation of $10bn - $11bn, according to new analysis from Jefferies.
Jefferies – Global subsea capex hits highest quarterly level for two years
Global offshore and subsea capital expenditure (capex) recently hit its highest quarterly level for two years, according to an industry database.
Marubeni looks to sell stakes in North Sea oil and gas fields
Marubeni Corp. could all but exit the UK North Sea as it looks to sell its main oil and gas fields in the region, according to people with knowledge of the matter.
Analysts predict historic BP dividend cut, all majors to post Q2 losses
For the first time since the West’s five energy supermajors were created in the early 2000s, all of them are set to post a quarterly loss.
As pressure mounts, Tullow launches sale plans
Tullow Oil has slashed spending in 2020 and set out major disposal plans in an attempt to weather the storm.
Change of ownership on the cards for North Sea minnow
North Sea oil and gas minnow Ping Petroleum could soon be under new ownership, it is understood.
Dirty water holds biggest promise for pipeline companies, Jefferies says
For companies that haul oil and natural gas, the next big thing may be dirty water, according to Jefferies Group LLC.
Total seeks buyers for Dutch North Sea business, report says
Energy major Total is trying to sell its Dutch offshore gas fields in an effort to raise £230-310 million, a news report said yesterday.