Features / In Review

Fluctuating rig market

Before analyzing the fluctuating rigs market in the shadow of the current price drops, a full picture of the market conditions over the last two years should be presented in order to make an evaluation of the present situation. As a matter of fact, the year of 2007 is considered as a base-year for upsurge of commitments and construction of rigs, and the first six months of 2008

Renewable Energy Era

In 2008, record oil prices caused a big push for clean energy. Demand for Polysilicon drove prices up and producers’ share prices went along with them. Those who controlled the bulk of the supply chain and buffered themselves against spikes were able to make the most out of the panel (price run up). Then oil and the global economy fell off a cliff

Impact on rig markets

The current economic crisis cast its shadow on all producing activities including oil industry, which used to generate trillions of dollars, but now, many oil producers and relevant services companies sustain loss of billion dollars. Undoubtedly, the economic crisis made biggest companies to shrink their activities in exploration and exploitation, excluding the developing countries, which are compelled to produce under any circumstances and whatever the prices are, to fulfill government budget cash inflows

Oil prices fall as demand downturn

The dramatic situation of oil prices is apparently dire. It deems that Top officials of two camps disperse rumors, which affect oil prices between downturn as imaginative cuts and prospective economy recovery. Actually, as common practice, prices are oscillating but incline to down. Using gas as clean energy is increasingly accepted, particularly in Europe and U.S.A, and their gas outlook can possibly leads to oil price falls

Glimmer of hope in the heart of crisis

The credit crunch has destroyed faith in the free market ideology, which has dominated the Western economy for a generation. But should it be replaced? Over the coming weeks, a wide debate to be conducted over this controversial political issue

Time to think alternatively

Undoubtedly energy is connected with economic life, where energy producers always look at global economy to measure wealth growth that is why we concentrate on economic cycle and its effects on all sectors, specifically crude oil as a vital source of energy

Full-Wave Seismic for Reservoir Analysis

The need to increase hydrocarbon production is particularly acute in China. China produces nearly 5 Bcf/d of natural gas, and demand is expected to reach nearly 11 Bcf/d by 2010. To meet the demand, pressure is being brought to bear on the two main domestic producers, CNPC and Sinopec, to increase in-country production. The government has set a target to nearly double gas usage within the country’s energy mix to 5.3% in 2010 from 3% today.

European Oils: Absolute Value? Attractive yield and PE

Oil sector strategy • Good earnings visibility and strong balance sheets should give the sector resilience in uncertain markets • On IBES 2009e PE, the sector is trading at 10-year low. Its PE relative is at a 14% discount to the market, excluding financials. Its yield relative on the same basis is 145% • Our strategists have an overweight stance on the oil sector because of its attractive valuation and defensive characteristics

Dependable performance – superior protection

With unparalleled levels of experience and expertise in coating technology and many decades of investment in research and development of coatings, no company is better placed than Sigma Coating to answer the very specific and demanding challenges of the protective coatings industry. Established in 1722, Sigma is one of the world’s oldest paint and coating manufacturing companies. Today, we aim to develop, manufacture and distribute the finest products and deliver them around the world with the best customer service.

GAS -to liquid (GTL): is it an attractive route for gas monetization? Part III

GAS-to-liquid process involves the conversion of natural gas into a clean source of energy mainly diesel and naphtha.

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