Industry: Oil & Gas

Historically tolerated cost overruns are now untenable due to depressed oil prices, necessitating cost reduction strategies for offshore operators to achieve breakeven and project profitability.

Chemical industry summary Recent news for global chemicals has been dominated by M&A. This week, Westlake Chemical announced that the board of its acquisition target Axiall has agreed to sell the company for the significantly improved offer of US$33 per share representing an enterprise value of US$3.8 billion. This valuation is a 31% increase from […]

In April of 2016, ADI Analytics presented at the GPA convention in San Antonio, Texas. The convention featured forums over LNG, safety, midstream operations, midstream technology, project economics, and navigating regulatory environments. Uday Turaga, CEO of ADI Analytics, presented “New Technologies to Reduce Natural Gas Flaring”. The presentation can be found below. Please fill form […]

ADI Analytics recently spoke at the Energy Construction Forum, marking their second appearance at the event. Tyler Wilson presented “Strategies to Address Cost and Schedule Risks with LNG Projects.” This presentation highlighted how a growing supply of affordable shale gas has increased interest in gas monetization, with LNG being a top choice. However, many proposed […]

Declining oil prices have diminished the profitability of previously viable FLNG projects.

Chemical industry summary The first quarter of the 2016 financial reporting season has been concluded with results generally consistent with forecasts. US-based paint and home supply companies generally reported improved results on a year-on-year basis, with high gross margins due to a benign raw material cost environment. Commodity chemical producers report softer year-on-year revenues but […]

Reduced merger activity is anticipated in oilfield services, despite current low oil prices and valuations.

In April 2016, ADI’s CEO, Uday Turaga, spoke at the Oil & Gas Supply Chain Forum in Houston. He discussed evolving supply chains for operator pain points. The two-day event featured 20 experts. They covered supply chain issues, technology gaps, and operator needs. The oil and gas production facilities market dropped 20-30% in 2015. Further […]

Chemical industry summary Mergers and acquisitions and cost savings activities dominate the chemical industry as companies continue to grapple with shrinking demand and softening chemical margins. The proposed merger of US chemical giants DuPont and Dow Chemical appears to be proceeding well with minimal significant anti-trust issues. There are reports that BASF will make a […]

Chemical industry summary Chemical companies are currently releasing quarterly and full-year 2015 earnings results. Thus far, earnings reports have been a mixed bag as viewed with last year’s results. All companies are reporting year-on-year decreases in revenue as a consequence of the global energy price deflation. However, different sectors of the industry are reporting earnings […]

Chemical industry summary Lack of confidence in global chemical demand and weakness in the energy sector have spurred a generally gloomy outlook for global chemicals in 2016. The continuing weakness in the Chinese demand, especially for commodities, has resulted in weakness in global stock markets and especially on the Shanghai Exchange. Very high global inventories […]

Chemical industry summary  As witnessed by record inventory, the global oversupply of crude oil continues to weigh on expectations for a price recovery in the near term. This is both a supply and a demand-driven problem with consensus expectations indicating that 2016 is highly unlikely to show significant improvement in energy pricing. Companies in the […]