Company profiles
A return to profit
1 July 2005
Suez's has finally turned the corner after a terrible period. But a cloud still hangs over the French industrial and services group in the form of a dispute with a minority shareholder over its complex structure, writes Nick Watson
Building impressive results
1 July 2005
Total is a favourite among analysts for its strong business mix and geographically dispersed operations. However, the French company faces the same problem as others majors in replenishing its dwindling reserves, leading it into regions with greater exploration and political risks, writes NJ Watson
ECT and the Yukos case
1 July 2005
Late last year, various newspapers claimed Yukos' shareholders were to sue the Russian government under the Energy Charter Treaty (ECT) for the dismantling of their company to pay for alleged back-taxes. That led to a polarised debate over how successful such an attempt would be. The question deserves accurate legal analysis and might keep lawyers busy for a long time, writes Andrei Konoplyanik
Projects to finance
1 May 2005
The decision of a Houston bankruptcy court not to deal with the Yukos case has given the merger of Gazprom and Rosneft a fresh start. The deal's structure may have slightly changed since it was announced last autumn, but the consequences for foreign investors remain positive. Andrei Konoplyanik examines the new shape of Russia's energy industry and explains why Moscow must ratify the Energy Charter Treaty
Safe hands
1 April 2005
Two deals – the purchase of North Sea assets from BP in 2000 and last year's take-over of Energy Africa – have changed perceptions about Tullow Oil in both the industry and the City. Aidan Heavey, the company's chief executive, talks to Steve Hawkes
A shrinking giant
1 March 2005
Cantarell, Mexico's largest oilfield, has reached peak output and will soon enter sharp decline. Meanwhile, Pemex, the money-losing state-owned monopoly, is being bled white by an antiquated tax regime and, some say, could become a net oil importer in the near future. Can Mexico retain its place as a major energy supplier? Robert Olson reports
Defying the sceptics
1 February 2005
Newfield Exploration, set up in the late 1980s to focus on oil and gas ventures in the Gulf of Mexico, has grown rapidly since 2000 through a series of bold acquisitions. It is now a $5bn enterprise. Anne Feltus talks to David Trice, co-founder, president, chairman and chief executive
Seduced by oil
1 September 2003
Next month, Ramco Energy expects to land gas, its first production as operator, from the Seven Heads field in the Celtic Sea, off the south coast of Ireland. By world standards, the new supply is important only to Ramco and to Ireland. But it could all have been very different, even though the founder and executive chairman of Ramco Energy, Stephen Remp, is a fourth-generation US oilman, reports Derek Bamber
Trouble at Vopak
1 March 2002
A good year for PDO
1 November 2000
State-controlled Petroleum Development Oman (PDO) admits it had a difficult year in 1999, with low oil prices and budget constraints affecting production. However, most targets were fully or nearly-fully met, including those covering reserves additions and production. Cost-cutting programmes were also implemented.
Change looms over the mighty Gazprom
1 September 2000
The old guard is being broken up and outsiders now dominate the board of directors. Expectations are high that sought-after reforms and restructuring will now be implemented.
At 125 it’s still growing
1 June 2000
At 125 years old, Conoco is ageing well – in fact, it’s looking better than ever. A fully-integrated oil company, based in Houston, its operations extend across five continents. A venerable mainstay of the US oil industry, it has regained its independence after 18 years as a subsidiary of DuPont. In the meantime, it has reinvented itself, achieving a dramatic improvement in performance that won it the 1998 top rating for exploration and production from Schroders, which had put it in 15th place – the bottom of the list – in 1992.
High-quality, long-life assets
1 June 2000
An El Dorado, Kansas-based independent energy company has turned the tables on Murphy’s Law: “What can go wrong, will.” In fact, everything seems to be going right for Murphy Oil Corporation.
Ringing the changes
1 February 2000
Petrobras’s directors appear aware of the changes that need to be implemented to create a new company, but admit the task is large as a monopoly culture dating back 40 years is unravelled.
A change in focus
1 February 2000
Now that Brazil’s upstream sector is being opened up to foreign participation, Texaco, which has been involved in the country’s downstream sector for nearly 40 years, is heading upstream.