A L F A Z E N E R G Y
An international advisory firm specialising in upstream energy & natural resources
We advise energy & natural resources companies on mergers & acquisitions, joint ventures and other strategic alliances including farm-ins and farm-outs; a wide range of management issues including cost management and the potential integration of multiple generation sources; regulatory, political and environmental matters including planning, licencing and the benefits of green technologies and government policies; as well as on a wide range of corporate matters including the negotiation of long-term contracts and changes to company ownership and structure.
The long-awaited Saudi Aramco IPO, scheduled for mid-2018, could be delayed to 2019.
International news reports have stated that the Saudi government is currently putting together contingency plans for a possible delay to the biggest IPO ever. The listing of 5 percent of Saudi Arabia’s crown jewel, the world’s largest oil company Saudi Aramco, could bring in around $300-$400 billion, based on a valuation of Aramco at between $1.5-2 trillion. [Continue]
Crude oil prices remain strong, thanks to a weak dollar and strong demand. That’s according to a new report from global bank HSBC, which shows Brent Crude has recovered by around $10 (£7.4) a barrel from lows earlier this year. [Continue]
Last week OPEC released its Monthly Oil Market Report which covers the global oil supply and demand picture through July. OPEC crude oil production decreased by 79,000 BPD in August to average 32.8 million BPD. This marks the first OPEC production decline since April and was primarily driven by sizable outages in Libya. [Continue]
Container shipping group AP Moller-Maersk has agreed to sell its oil and gas division to Total for $7.45bn, as it seeks to focus on its core transport and logistics businesses.The sale marks the first step in Maersk’s move to break itself up and is likely to be the biggest single transaction. Maersk will receive approximately $4.95bn in Total shares, and Total will assume $2.5bn of short term debt to fund the remainder of the deal. It will also take over all decommissioning obligations, worth around $2.9bn. [Continue]