Breakup Please
Six months ago, the FT’s analysis of BP’s latest numbers began, Bob Dudley stated that the company had reached a “definite turning point”. How right he was....
Australian Gas Project Faces Tests
The commitment of some of the world's biggest oil companies— including Woodside, Chevron, Shell, BP and BHP—to spend more than $30 billion building one natural-gas project is about to be put to the test.
Betting on court outcomes, BP edition
Our emphasis:26 February, 2012FOR IMMEDIATE RELEASEJOINT STATEMENT BY BP AND THE PLAINTIFFS’ STEERING COMMITTEENew Orleans — BP and the Plaintiffs’ Steering...
Collateralised commodity borrowing, BP edition
From BP’s fourth quarter results on Tuesday:At 31 December 2011, $131 million of finance debt ($128 million at 30 September 2011 and $790 million at 31 December 2010)...
Snap news
Breaking pre-market news on Friday,- National Grid loses Long Island Power Authority Management contract — statement.- Sports Direct International decides not to procede...
Snap news
Breaking pre-market news on Tuesday,- UBS Q3 net profit solid at CHF980m despite trading scandal – statement.- BP Q3 RC net profit down 3.7 per cent at $5.14bn on lower...
Snap news
Breaking pre-market news on Monday,- G4S to buy rival ISS for £5.2bn; to be part financed by £2bn rights issue — statement and statement.- BP drops Gulf of Mexico...
Snap news
Breaking pre-market news on Thursday,- Glencore International set to sign $800m-$900m loan deal with Bakrie Group — report.- Ashmore says assets under management fell...
CDS as omens of impending doom: starring Morgan Stanley
Sometimes CDS react violently to sudden events that were unpredictable. Sometimes they react to pure, unadulterated uncertainty and fear. And sometimes, just sometimes, CDS spreads...
Peak Oil – Now or Later? A Response to Daniel Yergin
In a recent article called There Will Be Oil in the WSJ, Daniel Yergin once again attempts to debunk the concept of peak oil and sees global production capacity growing to 110 mmbpd by 2030, followed by slow decline. In this short report I will take a ...
Regulatory arbitrage with Tony & Nat – redux
More on Tony Hayward’s first big oil deal at his new investment vehicle Vallares– the $2.1bn acquisition, via a reverse takeover, of Turkish E&P company Genel Energy....
Snap news
Breaking pre-market news on Monday,- FTSE 100 seen down 84 points – IG Index.- Rio Tinto and Mitsubishi launch $1.5bn buyout offer for Coal & Allied — statement....
