April 16, 2008
International Energy Buyers Willing to Face Higher Legal Risks
Competition for a shrinking pool of global assets is pushing buyers to take more legal risks, says James Cuclis, a Hong Kong-based partner with Vinson & Elkins LLP. Cuclis spoke via videoconference on international M&A legal issues in a program hosted by the law firm.
Factors driven by high commodity prices include the trend of countries like Venezuela and Russia to consolidate control over energy resources, the enhanced commercial viability of liquid natural gas (LNG) that provides new outlets for “stranded” gas, and the emergence of new energy buyers from China, India, the Middle East and Russia.
-- Steve Toon
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April 15, 2008:
Canadian Oil-Sands Exports to U.S. Limited Under 2007 Energy Act The Canadians are up in arms again over energy policy—this time the U.S. policy.
Since synthetic crude derived from Canadian oil sands is categorized as unconventional fuel, it could have ...more
April 14, 2008:
Asia To Outbid U.S. For LNG Imports This Year Liquefied natural gas (LNG) exports into the U.S. will be lower this summer, due to increased demand in Asian markets, according to a recent report by Paris-based investment-banking firm Societe ...more
April 11, 2008:
Acquisition options, capital resources for MLPs drying up The continued lack of liquidity in the MLP market has buyers and sellers stymied for choice, according to investment bankers at the recent Midstream Gas Assets A&D Summit in Houston. ...more
April 9, 2008:
Upstream MLPs: Has the pendulum swung too far? During the past two years, upstream master limited partnerships (MLPs) were among the best market performers in the MLP universe, generating total returns (quarterly distributions plus unit-price appreciation) of 37% ...more
April 8, 2008:
CERA: Is high-priced oil the new gold? The new fundamentals—global financial dynamics and new cost structures—are driving the momentum that pushed oil prices to a record high of $111.80 per barrel on March 17. While oil settled ...more
April 7, 2008:
Alberta may have erased any expected royalty-income gains New Alberta royalty legislation was intended to increase Alberta’s annual income by some C$1.8 billion. However, due to its unintended consequence of reduced drilling activity, along with cost escalation, lower ...more
April 4, 2008:
Private producers driving 40% of U.S. rig count Privately held producers had 711 rigs at work in the U.S. in mid-March, representing some 40% of the total U.S. rig count, according to analysis by the oil-service research team ...more
April 3, 2008:
North American proved reserves cost $16.57/BOE in 2007 Implied proved reserve values in North America declined 7% to $16.57 per barrel of oil equivalent (BOE) in 2007, according to a preview of the annual upstream M&A review by ...more
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