New Frontiers ECOWAS is an organization which is unlikely to be known my many. The Economic Community of West African States is a 15 member bloc of countries founded in 1975 and encompasses just under 350 million people. Like NAFTA – it is a trading block. Unlike NAFTA, it has a (small): parliament, development bank […]
http://www.energyfundz.com/wp-content/uploads/2020/03/logo-300x99.png00Raya Guruswamyhttp://www.energyfundz.com/wp-content/uploads/2020/03/logo-300x99.pngRaya Guruswamy2017-10-20 16:03:322017-10-31 15:24:30Emerging Markets in West Africa
Nigeria and Oilfield Sales “But, it’s Nigeria”, was the feedback during a recent conversation with a client on the potential to expand oilfield sales to Nigeria. To be fair – it is likely many small to mid-tier international oilfield companies have said (or thought) something similar on the prospect of expanding oilfield sales in this […]
Valuations in Buying or Selling Rigs According to VesselsValue, valuations for some drilling contractor rig fleets have decreased by 40%. This is a likely higher for companies with older fleets. However, there are several opportunistic firms buying or selling rigs determined to use this down-market to buy rigs at severely discounted prices. In conversation with several clients, this […]
http://www.energyfundz.com/wp-content/uploads/2017/03/EnergyFundz_new_old_semisubmersible_drilling_rig-1.jpg17331297Raya Guruswamyhttp://www.energyfundz.com/wp-content/uploads/2020/03/logo-300x99.pngRaya Guruswamy2017-03-31 13:56:102017-04-12 23:35:15Consider These Trends If You Are Buying Or Selling Rigs In 2017
http://www.energyfundz.com/wp-content/uploads/2016/12/EnergyFundz_rig_equipment_assistance_oil_gas.jpg430450Raya Guruswamyhttp://www.energyfundz.com/wp-content/uploads/2020/03/logo-300x99.pngRaya Guruswamy2016-12-17 15:15:442016-12-17 15:48:08When It Comes to Buying and Selling Rigs or Oilfield Equipment – Think Local but act Global.
We recently heard from Transocean’s CEO, Jeremy Thigpen, at the Rice Energy Finance Summit (see picture below). A particular area of interest was his decision process on whether to sell or retire rigs. Thigpen summed it up simply:
The global market for rigs makes for depressing news. This is especially the case if you’re an offshore deep-water drilling contractor with an ageing fleet and low utilization rate (i.e. contracted divided by owned rigs). Perhaps slightly better news if you have a newer fleet and diversified in your rig portfolio (jack-ups, semis, drill-ships). Finally, […]
It’s been some time since our last blog post and it’s certainly not due to a lack of activity on our part. If anything, we’ve made more progress in the last few months with growing EnergyFundz than we have over the last year. So what’s changed?
http://www.energyfundz.com/wp-content/uploads/2016/02/593670_s.jpg300450Raya Guruswamyhttp://www.energyfundz.com/wp-content/uploads/2020/03/logo-300x99.pngRaya Guruswamy2016-02-04 22:51:492016-07-12 22:11:37The Good, Bad and Ugly of Capital
Not by a long shot… A very Happy New Year to you! A fitting quote for the New Year and state of the upstream oil & gas business reads, “An optimist stays up until midnight to see the new year in. A pessimist stays up to make sure the old year leaves.” For many E&Ps, it was perhaps […]
http://www.energyfundz.com/wp-content/uploads/2016/01/43025653_m.jpg692692Raya Guruswamyhttp://www.energyfundz.com/wp-content/uploads/2020/03/logo-300x99.pngRaya Guruswamy2016-01-11 21:55:592016-02-04 23:48:17Oil & Gas is Not Done Yet....
There’s a popular business adage of companies which form in a recession are more likely to succeed than during a market expansion. This is easily translatable to the current state of $40 oil. E&Ps who can currently weather the costs of rig start-up and sustain operations are more than likely to continue when prices rise.
http://www.energyfundz.com/wp-content/uploads/2015/09/OilPrices.jpg326450Raya Guruswamyhttp://www.energyfundz.com/wp-content/uploads/2020/03/logo-300x99.pngRaya Guruswamy2015-09-04 15:23:482016-07-12 22:13:21Don't be the Correction
Over the last month, we’ve put together a new website which we hope will better outline our company and mission. At its core, EnergyFundz wants to connect onshore E&Ps with funding. We are not your average broker and do not represent the buyer or seller. Nor do we negotiate or file papers – we just connect. As a result, […]
While EnergyFundz operates in the onshore market, we couldn`t help notice a piece of news about ConocoPhillips `slamming the brakes` on the deepwater market to focus on US onshore unconventionals. In fact, Goldman Sachs recently concluded large US and European E&Ps (Exxon, BP, etc.) are on the hunt for onshore plays. With $150B in their […]