2015-09-01 18:25:00
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…
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.
 |
March, 22, 10:45:00 |
OIL PRICE: ABOVE $67 ANEW |
|
 |
March, 22, 10:40:00 |
СТАРТ ХАРАСАВЭЙСКОГО МЕСТОРОЖДЕНИЯ |
|
 |
March, 22, 10:35:00 |
RUSSIA'S BUSINESS CONDITIONS |
|
 |
March, 22, 10:30:00 |
COMPETITIVE RUSSIAN LNG |
|
 |
March, 22, 10:25:00 |
U.S. OIL PRODUCTION 12.1 MBD |
|
 |
March, 22, 10:21:00 |
AFRICA ENERGY FORUM MARCH 2019 |
|
Chronicle:
2019, March, 22, 10:20:00
U.S. OIL INVENTORIES DOWN 9.6 MB
US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.
2019, March, 22, 10:15:00
SAUDI'S OIL WILL DOWN
Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.
2019, March, 22, 10:10:00
BRITAIN NEED INVESTMENT $265 BLN
Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).
2019, March, 22, 10:05:00
U.S. FEDERAL FUNDS RATE 2.25-2.5%
U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.
