ENERGY INDUSTRIES

Oil crash sinks $545bn in projects

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Original article by Barry FitzGerald
The Australian – Page: 17 : 15-Jan-16

Data from Wood Mackenzie shows that the downturn in the crude oil price has prompted some $US380bn ($A545bn) worth of new oil and gas projects to be put on hold. Tom Ellacott of Wood Mackenzie expects this trend to continue. The oil price is trading at around $US30 per barrel, and the continued price weakness put further downward pressure on the share prices of Australian oil and gas producers on 14 January 2016.

CORPORATES
WOOD MACKENZIE,{SPAC}SANTOS LIMITED – ASX STO,{SPAC}ORIGIN ENERGY LIMITED – ASX ORG,{SPAC}WOODSIDE PETROLEUM LIMITED – ASX WPL,{SPAC}OIL SEARCH LIMITED – ASX OSH

Oil M&A tipped to ramp up in 2016 after quiet past year

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 : 8-Jan-16

IHS forecasts an upturn in mergers and acquisitions activity in the global oil and gas industry in 2016. The global consultancy notes that the total value of such transaction was $US143bn in 2015, which is 22 per cent lower than previously, while there was a significant fall in the number of transactions worth more than $US1bn. Ben Wilson of RBC Capital Markets expects M&A activity to be particularly strong in Australia during 2016.

CORPORATES
IHS INCORPORATED, RBC CAPITAL MARKETS, WOODSIDE PETROLEUM LIMITED – ASX WPL, SANTOS LIMITED – ASX STO, OIL SEARCH LIMITED – ASX OSH, ORIGIN ENERGY LIMITED – ASX ORG, BEACH ENERGY LIMITED – ASX BPT, DRILLSEARCH ENERGY LIMITED – ASX DLS, ROYAL DUTCH SHELL PLC, BG GROUP PLC, SCEPTER PARTNERS, INTEROIL CORPORATION, BERNSTEIN AND ASSOCIATES, APACHE CORPORATION, BROOKFIELD ASSET MANAGEMENT INCORPORATED, MACQUARIE CAPITAL PTY LTD, QUADRANT ENERGY PTY LTD, MOODY’S INVESTORS SERVICE INCORPORATED

Lively second half tipped for oil, gas M&A

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 40 : 2-Apr-15

Wood Mackenzie has forecast an upturn in mergers and acquisitions activity in the oil and gas sector in the second half of 2015, due to the downturn in the crude oil price. The price of Brent crude oil was trading at around $US55 per barrel on 1 April, compared with $US115 in mid-2014. Wood Mackenzie also expects growth in demand for LNG in Asia to slow in response to the falling price of oil

CORPORATES
WOOD MACKENZIE, WOODSIDE PETROLEUM LIMITED – ASX WPL