By Richard Krijgsman, CEO of Evaluate Energy
Analysis of country risk profiles for different major oil and gas companies reveals wide differences between companies with some - such as ENI and Total - concentrating their production in countries deemed much riskier by international rating agencies.
The analysis, undertaken by Evaluate Energy, calculated a consensus country risk weighted by oil and gas production by country for both 2000 and 2013. Country risk in each country was estimated by Evaluate Energy based on a consensus of country risk ratings published by Fitch, S&P, Moody's, Institutional Investor and the OECD. The Evaluate Energy methodology translates and standardizes each of the rating agency's particular ratings to numbers 1 through 7, where 1 is "less risky" and 7 is "very risky."
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2023-11-21 - As the oilfield service market faces headwinds from consolidation and a dwindling rig count, ProPetro CEO Sam Sledge sees Permian Basin demand picking up for next-generation equipment.
2023-11-06 - From another postponement of the Gulf of Mexico’s Lease Sale 261 to new contract awards, below is a compilation of the latest headlines in the E&P space.