News Article | November 10, 2016
Operators of private prisons are soaring on the stock market because analysts expect Donald Trump to row back on the Department of Justice’s ruling this summer to phase out privately run institutions’ housing of federal inmates. Sally Yates, the deputy attorney general, said independent inspectors had found that private prisons “compare poorly to our own bureau facilities” and did not save substantially on costs. The companies are also likely to benefit from Trump’s plan for the mass deportation of immigrants. Analysts at Height Securities said: “Private prisons would likely be a clear winner under Trump, as his administration will probably rescind the DoJ’s contract phase-out and ICE [Immigration and Customs Enforcement] capacity to house detainees will come under further stress.” Shares in Corrections of America, the biggest private prison operator, surged by 60% in early trading on Wednesday before ending the day 40% higher. The shares were down 2% on Thursday. Shares in Geo Group, the second biggest private prison company, jumped 16% on Wednesday and were flat on Thursday. During her campaign, Hillary Clinton repeatedly attacked drug companies for “outrageous price gouging”, in which companies buy old drugs and ramp up the price, and pledged to take on the industry if elected. She promised her crackdown during the furore surrounding Martin Shkreli, the pharmaceutical boss described as “the world’s most hated man”, who raised the price of a life-saving Aids drug from $13.50 to $750 per pill. She also attacked the EpiPen company, Mylan, which increased the price of the life-saving allergy treatment by sixfold, as the “latest troubling example of a company taking advantage of its consumers”. Clinton’s policy on drug pricing was mostly a reaction to the success of rival Bernie Sanders’ popular message. Shares in Pfizer, the world’s biggest drugmaker, have risen by 10% since the result of the election became clear. The SPDR S&P Biotech exchange-traded fund jumped 10.4%. But hospital stocks were hit by Trump’s vow to repeal the Affordable Care Act, which has given healthcare access to America’s poorest and previously uninsured people. Shares in hospital groups Centene, HCA Holdings and Universal Health Services were some of the biggest losers on the stock market, as they could once again face treating millions of uninsured patients. Trump has pledged to make America energy independent, tear up red tape and allow oil and gas exploration in new areas of the country. Oil and gas company shares were among the biggest risers on Wall Street on Wednesday and Thursday. The president-elect has also pledged to allow a fresh application for the Keystone XL oil pipeline. President Barack Obama rejected the Canada-US pipeline in 2015, but Trump has said he would invite a fresh proposal from TransCanada, the company behind the plan. Trump has also vowed to withdraw the US from the Paris climate accord, and wants to halt the “billions and billion and billions” given to UN climate programmes and clean energy development. This caused shares in Vestas, the Danish wind turbine company, to fall by 14% on Wednesday before recovering to 6.6% lower. Solar power companies also tumbled. Trump has vowed to kickstart a massive infrastructure spending programme, designed to fix the country’s crumbling roads and buildings and also increase jobs and spending. “We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals,” he said in his acceptance speech. The prospect of all that work has helped shares in companies supplying the construction sector with materials and kit. Caterpillar, the construction equipment company, rose 7% on Wednesday and the shares were trading higher on Thursday. Shares in the mining and commodities trading company Glencore rose 6% and BHP Billiton jumped more than 4% on Wednesday as Trump’s poll victory was confirmed. Shares in US Steel Corp soared 17% on Wednesday and were up again on Thursday. Trump has pledged to increase US defence spending, and he plans to force other Nato countries to spend more on it too. During his campaign for the White House, he threatened to abandon US allies in Europe if they did not spend enough on defence. Now Trump has won the election, investors expect more spending on defence and so shares in arms makers and other defence-related stocks have benefited. London-listed BAE Systems gained almost 7% on Wednesday and a further 4.6% on Thursday. On Wall Street, shares in Lockheed Martin rose 6% on Wednesday and were up again on Thursday.
Collins S.,Oil and Gas LLC |
Lyngra S.,Saudi Aramco
Oilfield Review | Year: 2013
The number of oil and gas wells drilled horizontally continues to increase as operators strive to maximize contact with target formations, develop more-efficient completion programs and optimize recovery from complex geologic structures. Structural steering, a method by which operators direct horizontal and high-angle wellbore trajectories, integrates data from deep-reading LWD resistivity tools and high-resolution imaging devices to create structural models of the geologic conditions encountered by the drill bit. This technique allows drillers to correct wellbore trajectories in anticipation of structural changes ahead of the bit and helps operators better understand the formations already drilled. Copyright © 2013 Schlumberger.
News Article | March 2, 2017
CAPEX and Charter Spending for Drillships, Semi-Subs and Tender Rigs Rated Over 500m in Water Depth; Spending Forecasts ($bn) for Leading Regions including; Africa, Asia Pacific, Eurasia, North America, South America and Western Europe This latest report by business intelligence provider visiongain assesses that deepwater drilling spending will reach $29.82bn in 2017. This includes CAPEX and charter spending on drillships, semi-subs and tender rigs rated over 500m in water depth. Large development drilling projects can see vessels deployed at discounts for long multi-year charters. Exploratory drilling projects can be completed far more quickly. It is therefore critical that you have your timescales correct and your forecasting plans ready. This report will ensure that you do. Visiongain's report will ensure that you keep informed and ahead of your competitors. Gain that competitive advantage. The Deepwater Drilling Market Forecast 2017-2027 responds to your need for definitive market data. Read on to discover how you can exploit the future business opportunities emerging in this sector. Visiongain's new study tells you and tells you NOW. In this brand new report, you find 197 in-depth tables, charts and graphs all unavailable elsewhere. The 284-page report provides clear detailed insight into the global deepwater drilling market. Discover the key drivers and challenges affecting the market. By ordering and reading our brand new report today you stay better informed and ready to act. Report Scope The report delivers considerable added value by revealing: • 197 tables, charts and graphs analysing and revealing the growth prospects and outlook for the deepwater drilling market. To see a report overview please email Sara Peerun on email@example.com • Regional deepwater drilling market forecasts from 2017-2027 with drivers and restraints for the regions including: - Africa - Asia Pacific - Eurasia - North America - South America - Western Europe. • An exclusive interview with an industry expert. • Conclusions and recommendations which will aid decision-making How will you benefit from this report? • Keep your knowledge base up to speed. Don't get left behind • Reinforce your strategic decision-making with definitive and reliable market data • Learn how to exploit new technological trends • Realise your company's full potential within the market • Understand the competitive landscape and identify potential new business opportunities & partnerships Who should read this report? • Anyone with involvement in the deepwater drilling market • Oil & gas operators • Engineering contractors • FLNG design companies and operators • FPSO design companies and operators • Mooring component providers • Natural gas traders • Commodity traders • Shipbuilding executives • Investment managers • Arbitrage companies and divisions • Maritime safety professionals • Energy price reporting companies • Geologists • Natural gas well production enhancement professionals • Energy company managers • Energy consultants • Oil and gas company executives and analysts • Heads of strategic development • Business development managers • Marketing managers • Market analysts, • Technologists • Suppliers • Investors • Banks • Government agencies Visiongain's study is intended for anyone requiring commercial analyses for the deepwater drilling market and leading companies. You find data, trends and predictions. Buy our report today the Deepwater Drilling Market Forecast 2017-2027: CAPEX and Charter Spending for Drillships, Semi-Subs and Tender Rigs Rated Over 500m in Water Depth; Spending Forecasts ($bn) for Leading Regions including; Africa, Asia Pacific, Eurasia, North America, South America and Western Europe. Avoid missing out by staying informed - get our report now. To request a report overview of this report please emails Sara Peerun at firstname.lastname@example.org or call Tel: +44-(0)-20-7336-6100 To see a report overview please email Sara Peerun on email@example.com
Ning S.,Oil and gas company |
Ning S.,Changzhou University |
Meijun L.,China University of Petroleum - Beijing |
Jinchuan Z.,China University of Geosciences
Applied Mechanics and Materials | Year: 2013
Gas chromatograms of saturated hydrocarbons of shale rock extracts show three patterns of n-alkanets in the second member of Funning formation (E1f2) in Jinhu Sag of Subei basin, eastern China. Three patterns of n-alkanets are the odd-to-even carbon predominance, the even-to-oddcarbon predominance, and the even and odd carbon predominance coexisting, respectively. In this paper, the characteristics of n-alkanet coexisting even and odd carbon predominance and its origin and sedimentary environment are investigated only. The short-chain n-alkanets and long-chain n-alkanets are characterized by pronounced odd carbon predominance, with the dominant carbon of nC15, nC17 and of nC25, nC27, nC29 and nC31. The mid-chain n-alkanets are dominated by even carbon predominance, with the dominant carbon of nC20 and nC22. The composition of biomarkers are characterized by phytane preference, high gamma cerate abundance, the presence of β-carotene and C24-tetracyclic terrapin, which indicate that the organic matter in source rocks deposited in an anoxic, hyper saline lacus trine environment. The biomarkers are no homogeneous, which shows that salinity and redo is not constant in pale-lacus trine. The n-alkanets are mainly derived from algae in the ancient lake and macro pyres on land or around the edges of the ancient lake. The n-alkanets distribution patterns of the dark shale's studied are believed not to be dependent on the redo in the depositional environments or the salinity of the water body, but to be associated with original organic matter composition. © (2013) Trans Tech Publications, Switzerland.
Zhou Q.-H.,China University of Petroleum - Beijing |
Zhou Q.-H.,Oil and Gas Company |
Song N.,Oil and Gas Company |
Wang C.-Z.,Oil and Gas Company |
And 4 more authors.
Natural Gas Geoscience | Year: 2014
Based on the tectonic, sedimentary, geo-chemistry, reservoir, and gas potential studying, we systematically discusses the forming conditions and characteristics of the Lower Cambrian Niutitang Formation shale gas by using outcrop, drilling, and core data. It indicates that deep shelf and half-bathypelagic sedimentary environment controlled the development and distribution of the Niutitang Formations organic-rich black shale. The black shale is characterized by high thickness, fine kerogen type, rich organic matter content and high thermal evolution. The mineral composition of shale is quartz and clay minerals (illite and montmorillonite mixture), with high siliceous and low carbonate composition. It is useful for absorbing gas and fracturing shale reservoir. Through the geological evaluation and resources calculation, the Niutitang Formation in the Huayuan block has favorable geological conditions for shale gas resources enrichment. Therefore, it is considered as a the practical targets of shale gas exploration and production.