Increased Swaption Activity May Present Financial Reporting Challenges for Oil & Gas Companies #OilmanNEWS Exploration & Production Oil and Gas News Upstream 

Increased Swaption Activity May Present Financial Reporting Challenges for Oil & Gas Companies

Lower natural gas prices are causing E&P companies to get creative with their hedging strategies to lock in near-term cash flows above the dismal levels the market is currently offering. When hedging with options, it’s not uncommon for oil and gas producers to sell options and roll the premium value of the sold option into another hedging instrument. An example… Read More
sia to account for half of global petrochemical capacity additions by 2030 #OilmanNEWS Oil and Gas News Petrochemical 

Asia to Account for Half of Global Petrochemical Capacity Additions by 2030

Asia is expected to lead the global petrochemical industry capacity growth from new-build and expansion projects between 2019 and 2030 with 50 percent share, according to GlobalData, a leading data and analytics company. The company’s report ‘H2 2019 Global Petrochemicals Capacity and Capital Expenditure Outlook – China Leads Global Petrochemical Capacity Additions’ reveals that the total petrochemical capacity of new-build… Read More
Bringing Goodwill & Asset Impairment Testing into Focus #OilmanNEWS Business Oil and Gas News Upstream 

Bringing Goodwill & Asset Impairment Testing into Focus

Public and private energy companies should address year-end 2019 goodwill and long-lived asset impairment testing procedures so quarterly and financial audits and reviews can go smoothly and allow for greater transparency. Market equity prices and indices continued to decrease for many energy companies during 2019. For instance, between April 30, 2019 and December 31, 2019, the S&P Oil & Gas… Read More
New-build crude oil trunk/transmission pipeline length additions (km) by region, 2019-2023 #OilmanNEWS Oil and Gas News Pipeline 

North America to Contribute 51% of Global New-build Crude Oil Trunk/Transmission Pipeline Length Additions by 2023

North America is set to drive the global new-build crude oil trunk/transmission pipeline length additions, contributing around 51% of the global planned and announced crude oil pipeline length additions between 2019 and 2023, says GlobalData, a leading data, and analytics company. The company’s report, ‘Global Crude Oil Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details… Read More
Global chemical supply, demand threatened by Middle East escalation #OilmanNEWS Oil and Gas News Petrochemical 

Global Chemical Supply, Demand Threatened by Middle East Escalation

Military action leading to closure of the Strait of Hormuz between Iran and Saudi Arabia could seriously disrupt global trade in chemicals and oil products, with a knock-on effect for the world’s already fragile manufacturing economy. The US killing of General Qasem Soleimani, head of the Iranian Revolutionary Guards’ overseas forces, on 3 January 2020 threatens to further stoke up… Read More
Low Natural Gas Prices Drive Comstock Resources to Increase Assets in Haynesville, Boosting Gas Production by Over 70 Percent #OilmanNEWS Exploration & Production Louisiana Oil and Gas News Upstream 

Low Natural Gas Prices Drive Comstock Resources to Increase Assets in Haynesville, Boosting Gas Production by Over 70 Percent

Steven Ho, Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers his view on what Cornstock’s Chesapeake’s Haynesville assets acquisition will mean for Comstock: “Comstock’s potential acquisition of Chesapeake’s Haynesville assets will significantly increase its natural gas production from 1.15 billion cubic feet per day (bcfd) up to 2bcfd in 2020, while operational synergy could increase… Read More
TIPRO Releases Permian Basin Report Highlighting Record Oil and Gas Production #OilmanNEWS Exploration & Production Oil and Gas News Upstream 

TIPRO Releases Permian Basin Report Highlighting Record Oil and Gas Production

Austin, Texas – The Texas Independent Producers & Royalty Owners Association (TIPRO) today released the next edition of its “State of Energy Report” series entitled A Decade of the Permian Basin. The new TIPRO report explores trends in the Permian Basin over the past 10 years with an emphasis on employment, demographics, businesses and oil and natural gas production. TIPRO’s “State… Read More
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