IPO studies - Saudi energy,chemicals, building materials
ERAS completed three commercial advisory contracts in Saudi Arabia for energy and chemicals manufacturing and services companies listing on the stock exchange for the first time. The contracts involved technical, marketing and financial studies, forecasts and advice. ERAS worked closely with MorganStanley and Saudi American Bank in these CMA submissions.
LNG studies & advice in Ghana, Nigeria, Angola & Eq. Guinea
ERAS has prepared studies and advice on new investments across the LNG value chain across the world. Recent projects focused on Ghana, Nigeria, Angola and Equitorial Guinea.
ERAS forecast Spain peak gas network constraints
In this report for a gas supplier and CCGT operator, we conclude that the combination of localized pipeline capacity constraints and insufficient high deliverability, working gas storage will exacerbate gas supply problems during peak periods.
Our emPower model of electricity (hourly) and gas (daily) load and flows over the next five years indicates that the system will have difficulty satisfying peak demand at several offtake points in the north and central regions for 30-35 days under normal weather conditions. While the Medgas pipeline has significantly increased gas supply into Spain (8 bcm per year), pipeline constraints will limit flows to some regions such as the Asturias. Moreover, during prolonged periods of cold weather / peak demand in power and gas, notably in January/February, working gas volumes from high deliverability LNG storage will be insufficient to meet high incremental demand. New investment in pipeline capacity expected by 2012 will ease some of the pipeline constraints, but new multi-cycle, high volume gas storage facilities (e.g. salt cavern storage) are required to balance load during peak periods.
ERAS study on oilfield services trends
ERAS recently completed a report on the oilfield services sector, company analysis and valuation drivers. The report highlighted the growing strength of the relationship between the oilfield services majors and the NOCs who control more than 70% of global oil and gas reserves. Analysis of drilling programs and technology trends in major hydrocarbons basins underscores this mutual dependence and the prospect of higher energy prices in the medium term needed to incentivise complex drilling and optimisation programmes.
Report distribution is restricted.