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2015-09-01 18:25:00

PRODUCERS NEED $ 500,000,000,000

PRODUCERS NEED $ 500,000,000,000

At a time when the oil price is languishing at its lowest level in six years, producers need to find half a trillion dollars to repay debt. Some might not make it.

The number of oil and gas company bonds with yields of 10 percent or more, a sign of distress, tripled in the past year, leaving 168 firms in North America, Europe and Asia holding this debt, data compiled by Bloomberg show. The ratio of net debt to earnings is the highest in two decades.

If oil stays at about $40 a barrel, the shakeout could be profound, according to Kimberley Wood, a partner for oil mergers and acquisitions at Norton Rose Fulbright…

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Tags: OIL, PRICES
Chronicle:
PRODUCERS NEED $ 500,000,000,000
2020, December, 1, 13:00:00
GAZPROM LOSS RUB 218,4 BLN
Loss attributable to the owners of PJSC Gazprom amounted to RUB 218,378 million for the nine months ended September 30, 2020.
PRODUCERS NEED $ 500,000,000,000
2020, December, 1, 12:55:00
AUSTRALIA'S SANTOS PRODUCTION COST $8.5/BOE
Santos upgraded its 2020 production guidance to 87-89 million barrels of oil equivalent (mmboe) and lowered its production cost guidance to $8.00-8.50/boe.
PRODUCERS NEED $ 500,000,000,000
2020, December, 1, 12:50:00
AUSTRALIA'S SANTOS NET ZERO EMISSIONS 2040
Australia and Santos are uniquely placed to offer reliable, zero-emissions energy products to Asian and domestic markets.
PRODUCERS NEED $ 500,000,000,000
2020, November, 30, 12:05:00
OIL PRICE: NOT BELOW $47 ANEW
Brent dropped 46 cents, or 1%, to $47.72 a barrel . WTI fell 48 cents, or 1.1%, to $45.05 a barrel.
PRODUCERS NEED $ 500,000,000,000
2020, November, 30, 12:00:00
OPEC+ RUSSIA CONSENSUS
Saudi Arabia and Russia had invited ministers on the nine-country monitoring committee that they co-chair to informal discussions to hash out positions ahead of the official meeting.
PRODUCERS NEED $ 500,000,000,000
2020, November, 30, 11:55:00
OPEC+ RUSSIA EXTENSION
The fact that US shale is not recovering strongly is further cause for Russia to continue to support ongoing cooperation within OPEC+.
PRODUCERS NEED $ 500,000,000,000
2020, November, 30, 11:50:00
NORD STREAM 2 RESUMPTION
Construction work on the Nord Stream 2 gas pipeline in the Baltic Sea will resume this week, despite U.S. sanctions designed to end the pipeline that will bring Russian gas to Germany.
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