published Thu, January 26, 2012
Turbulent capital market can stop the North Sea revival
Several and large discoveries have been made during 2011, and the view on resource potential is now more optimistic. However, the capital market is still turbulent and it is highly uncertain when it will stabilise again.
The programmefor the 2012 Oil &
Finance Conference will explore this topic in detail and also give
relevant industry perspectives on E&P companies' challenges on
financing their activities.
Day 1 of the conference will focus on the
global macro perspective with presentations covering both the
general macro outlook and perspectives on the gas market. The
conference will be opened by John Olaisen, Head of Research in
Carnegie with a recap of what has happened since the 2011
conference. Jon Gunnar Pedersen of Arctic Securities will present a
high level view of the financial climate and the economic state of
domestic and international banks. Jeffrey Curie of Goldman
Sachs will present an industry market perspective for the oil &
gas industry and the Ministry of Petroleum and Energy will
close the session with their perspectives on the NCS.
The second session will be opened by Jefferies represented by
Richard Kent focusing on trends in the M&A market. Relevant
case studies will be presented (TBA)
Day 2 will cover relevant industry issues such
as new challenges related to unitization and a review of loan
covenants by Selmer and Arntzen de Besche. Despite attractive
assets E&P companies are facing challenges related to financing
of developments due to the financial climate. BNP Paribas will
present challenges and opportunities related to bank financing and
Pareto Securities will present opportunities for raising debt in
the bond market.
The conference will finish with a presentation by Andrew Knott
of GLG, a leading global investment manager with focus on the
energy sector.
The Oil & Finance Conference is a unique opportunity to
learn from acknowledged experts in the oil and finance field on
current industry trends and challenges. It is also a great
networking opportunity, which has gathered over 100 professionals
each year. In the evening there will be ample opportunity to talk
with colleagues from the oil and finance industry during a wine
tasting at Lysebu and subsequent dinner.
Welcome!
The programme committee:
Morten E. Lindbäck, Rystad Energy (Chair)
Erlend Bakken, Arntzen de Besche
Thomas Bjørgo, Core Energy
Harald Erichsen, ABG Sundal Collier
Knut Evensen, Det Norske oljeselskap
Birgitte Franing, Arctic Securities
Espen-Andreas Hauge, Norwegian Ministry of Petroleum and
Energy
Halvor Haukvik, Total E&P Norge AS
John A. Schj. Olaisen, Carnegie
Tore Sitje, BNP Paribas
Eimund Kibsgaard Nordberg, project manager
Date: 26/01/2012