The ‘Neu’ Oil and Gas Organization

By Lynell Rogeri, Opportune LLP Future business organizations, including oil and gas companies, will be a series of neural networks of capabilities that continually build and break up to create value to customers. Just as human brains form new neurons every day, so should the organization that wants to succeed.  So-called motor neurons in the organization will be barraged with signals from the market and will learn to respond. They […]

Read More

Rosneft on the retreat in the Mediterranean

Western sanctions have upended one of Rosneft’s most promising ventures in Europe Written by Joseph Murphy, commentary by Mauro Fiorucci Russia ’s top oil producer, Rosneft, announced last week it would be offloading its remaining 12% stake in Italy’s Saras, the owner of the sixth biggest refinery in Europe. The rationale behind the move, according to Rosneft, was that Western sanctions had prevented it from pursuing its long-term plan to secure […]

Read More

Opportune LLP Promotes Farhana Ahmed and Amy Stutzman to Managing Directors

HOUSTON – Opportune LLP, a leading international energy consulting firm, today announced the promotion of Farhana Ahmed and Amy Stutzman as managing directors of the firm. Farhana was previously a director with Opportune’s Restructuring practice. Her experience includes extensive strategic and advisory assignments with oil and gas clients. Prior to joining Opportune, Farhana worked as an energy investment banker at Goldman Sachs, a private equity investor at the Canada Pension […]

Read More

Re-Energizing Companies in a Post-Restructuring World

Precipitous commodity price declines and high volatility, coupled with high operating costs and high levels of borrowing, led to a wave of restructuring in the energy industry. In the frenzy of restructuring, a company is consumed with legal issues, employee layoffs, salary cuts, asset sales, and workload reassignments, to name a few. When the company emerges out of restructuring, the focus turns to healing. This is not dissimilar to recovering […]

Read More

Determining The Fair Value of Oil & Gas Reserves

By Lauren Clyburn The lower commodity price environment over the last two years has presented challenges for valuing oil and gas reserves and unevaluated acreage acquired by E&P companies. For financial reporting purposes, the primary method for valuing reserves is the income approach via the discounted cash flow method, whereas unevaluated acreage is typically valued using the market approach via the comparable transaction method. The challenges presented by the decline […]

Read More

European Refining–Part III, Alternatives to M&A and the Rise of the Asset-backed Trading Model

There is money to be made in European refining after all, but it is not really about the refinery, is it?      Introduction Market conditions confront European refiners with a complex set of challenges, and not all of them are well-equipped to survive. Opportune LLP (“Opportune”), a leading international energy consulting firm, examines the complex dynamics of the European market and the long-term outlook for the refining industry in Europe. […]

Read More

Opportune Adds Jim Boney as Partner

HOUSTON – Opportune LLP, a leading international energy consulting firm, today announced that James (Jim) Boney has become a partner of the firm. Jim will continue his focus on providing outsourcing services to Opportune’s Upstream and Midstream clients. Jim has led outsourcing services at Opportune since its acquisition of PetroAcct L.P. in 2009. Jim’s background, spanning more than 40 years, includes extensive experience in the financial management of oil and […]

Read More

Gulf of Mexico: Shelf Life

New decommissioning regulations threaten the survival of offshore operators in the name of protecting U.S. taxpayers. But how great is the actual risk? By Annie Gallay | Oil & Gas Investor Small independent E&Ps operating in the Gulf of Mexico’s Outer Continental Shelf are struggling to find their sea legs as they cope with volatile commodity prices, and new regulations regarding decommissioning of offshore facilities could take them out at the […]

Read More

Energy XXI Emerges from Bankruptcy, Eliminates More Debt Than Expected

Gulf of Mexico-focused energy co. emerges from bankruptcy, eliminating $3.6B in debt December 30, 2016 By Olivia Pulsinelli | Houston Business Journal Senior Web Editor Energy XXI Ltd., which is based in Bermuda but has its main office in Houston, has emerged from bankruptcy. The restructuring process eliminated more than $3.6 billion in debt from its balance sheet, the company said in a Dec. 30 press release. When Energy XXI […]

Read More

Year in Review: The Biggest Financial Headlines of 2016

From Brexit to the Wells Fargo scandal, these business stories defined 2016. By John Divine| Us World News & Report Staff Writer The year 2016 did not want for financial news. A comprehensive accounting of the business stories that broke over the last 12 months could fill a book – but since most people would rather move on with their lives and see what 2017 has in store, a brief […]

Read More