Capex Growth Suggests Renewed Confidence
Upstream capex continued to rise as another quarter of stable oil prices boosted confi-dence amongst the IOC’s covered in this re-port. The barriers to affordable finance have also weakened since Q3 ’09 and led to the sub $10 billion dollar group in particular, to raise capex by 58% quarter-on-quarter.
Refining and marketing capex has continued to lag despite the upturn in margins, with a 6% decrease quarter-on-quarter. Normalised net income in Q3 ’10 for the Evaluate Energy Group of global oil and gas companies, remained virtually identical to results in Q2 ’10.
Upstream realisations and R&M margins, held the strength that was built up in the first half of 2010 and led to a quarter that will further boost the confidence of the oil and gas sector. On a reported basis net income for the group fared better, increasing by 46% in comparison to Q2 ’10, a quarter that was hampered by BP’s $32 billion worth of Gulf of Mexico oil spill provisions.
Debt levels for the group dropped since Q2 ’10 with much of the decrease resulting from Petrobras’ massive share issue which raised $27 billion of cash. Omitting Petrobras from the group would have led to debt levels sig-nificantly increasing as ENI, BP and Royal Dutch Shell alone raised their debt levels by a total of $15 billion.
Evaluate Energy is a leading
data provider Oil & Gas professionals and the financial services
industry. The Oil Blog is written
by members of their team of professional analysts and provides comment
on market movement and industry trends within the oil industry.
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.
| Online: | |
| Visits: | 1,609,459,604 |
| Stories: | 8,167,886 |
Whistler Blowers, Insiders
