Fail Fast, but Learn Faster – Going Global, Alberta!

  Today, Alberta carries a sustained budget deficit of $10.64b (FP, GoA), at about 10% unemployment rate, and Calgary, once the fastest growing city in Canada sits at 30% office vacancy rate and 7% residential vacancy rate (25Y all time high). The question is that will Calgary become like Detroit? Has Canadian oil and gas […]

Can Canadian Companies Do Business with Iran?

This is a simple question, but there is not a simple “Yes” or “No” answer to it, at least not yet (up to the date of this post). Up until the 5th of February 2016 the answer to the above question was “No”. Regardless of  whether you wanted to export oilfields equipment, provide services, consulting, receiving your invoices, etc. the […]

The Impact of Oil Price Plunge on Global Regime Attractiveness

One of the impacts of the global oil price plunge in 2015 is on the relative attractiveness of some host countries versus others. The following is a brief review on recent analysis by Palantir which was presented in SPE Calgary chapter (see the full report here). The assumptions: Medium Oilfield 100 million bbls; lifting cost […]

Will $80/bbl Oil Bring more Mergers, or more Spin-Offs?

Shrinking profits for whatever reason, can stimulate the M&A activity in any industry. We still remember consolidations in upstream sector following oil price crash in 1999, but what will happen this time if the oil price stays in the $80-$90 range, say for 6-12 month? Should we expect consolidations, or more spin-offs? According to EIA “shortfall between cash earnings […]

Canadian Oil sands; Suncor, Cenovus, and CNRL; Strategy Lessons to Share.

What strategy have the major oil sands players hired? lessons learned from oil sands pioneers. Despite of a low political and social risk environment, Canadian oil sands is still under pressure. This is while a handful number of pipeline projects are at negotiation stage to provide higher takeaway capacity. The heavy differential has narrowed from highs […]

Portfolio Management, Upstream Oil&Gas (part 1/2)

How to Optimize Your Oil & Gas Upstream Portfolio; Upstream Portfolio Management (part 1/2) Portfolio management or optimization of the portfolio is being referred to by several leaders in energy sector. This article presents an introduction to the topic and intends to introduce how portfolio management is done in E&P sector. Part 1/2: Asset Level […]

Growth Strategy and Company Behavior; Upstream Strategy.

How companies’ culture impact their behavior, and their strategy. If you are part of an upstream asset team (or business unit) you must have heard your seniors comment on strategy as ‘this year the production is the king’, or’ next year reserves will be the king and production the queen’. By these directions, he or […]

An Introduction to project economics, portfolio, and acquisition and divestiture in oil and gas sector.

How to do upstream oil and gas asset evaluation, An Introduction to project economics, portfolio, and acquisition and divestiture in oil and gas sector. This article should not be taken as a guide to pick oil and gas stocks, but those who are interested in upstream business development and in particular acquisition and divestiture (A&D), may […]

Good News for Alberta Heavy!

The takeaway pipelines for Alberta oil are in headlines almost every day. Lack of the infrastructure to connect Edmonton to the world or even to the Eastern Canada where a refining capacity of 700,000 is available seems to have roots in the past (The Globe & Mail). Nevertheless, the matter is a national priority now. […]

TOP