• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 26 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 6 days America should go after China but it should be done in a wise way.
  • 1 day World could get rid of Putin and Russia but nobody is bold enough
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 4 hours Even Shell Agrees with Climate Change!
  • 2 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 12 days Does Toyota Know Something That We Don’t?
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

Breaking News:

OPEC Lifts Production in February

EIA Confirms Moderate Crude Build, Products Draw

EIA Confirms Moderate Crude Build, Products Draw

Crude oil prices went lower…

EU Member States Clash on Sanctioning Russian Aluminum

EU Member States Clash on Sanctioning Russian Aluminum

The EU considers banning Russian…

Mid-Caps In Oil & Gas Hard Pressed For New Money

Mid-cap oil and gas companies are having trouble securing fresh investments because fund managers are reorienting their priorities towards alternative energies, says the chief financial officer of one such company, UK-based Hurricane Energy, as quoted by Energy Voice.

Private equity firms are still willing to invest in oil and gas exploration, but this is not the case with investors in public companies. As a result, Alistair Stobie told Energy Voice, the industry needs to do more to restore faith among investors that fossil fuels will have a role to play in the future energy mix even if it is a smaller one.

The biggest part of the problem facing medium-sized energy independents seems to be that most specialist investors—those focusing specifically on the energy industry—were “wiped out” during the latest industry downturn and now sector players are finding themselves having to deal with what Stobie called “generalist” investors: funds and institutions who spread their investments across many different industries and whose priorities are different.

An important group among these is investment funds who are now placing a lot more emphasis on environmental, social, and governance factors than pure growth in returns. For now, the problem is not acute, the executive said, but in might become so in the future.

“There are fewer oil and gas experts available and the pressure not to invest is greater,” Stobie told Energy Voice. The rise of the generalist investors also means there is less specialist knowledge among investors about new discoveries and their future prospects, he added.

Hurricane Energy is one of the private equity-backed energy independents that flooded the UK North Sea when the supermajors began to pull out to focus on quicker-return projects in U.S. shale and elsewhere. The company is operator of the Lancaster field, one of the largest recent discoveries in the area estimated to hold some 500 million barrels of crude oil.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News