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| 2020-02-27 来源： 中国石化新闻网 |
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石化新闻 |
中国石化新闻网讯 据今日油价2月26日报道，在能源转型的大背景下，整个油气行业及其投资者都在认真地重新评估他们所钟爱的化石燃料的价值。但是值得注意的是，石油和天然气项目的回报仍然是极具竞争力的，大量的资金仍然在流动。 分析人士表示，尽管能源转型和低碳能源主题在未来几年只会变得更加突出，但石油和天然气的回报将继续与绿色能源投资的回报形成竞争。 尽管如此，石油和天然气公司现在明确地知道，它们必须开始调整自己的资本配置策略，以适应日益增长的投资压力，即表现出减排意愿和承诺。不可否认的是，能源转型开始影响资本流动和并购交易。 安永在本月发布的《2019年全球油气交易回顾》(Global Oil and gas transactions review 2019)报告中表示，油气公司继续筹集大量资金，并达成了大型并购交易，但低碳和净零排放的主题已开始影响交易的性质和资本配置策略。 安永表示，去年该行业的并购和融资价值都很强劲。2019年，油气公司融资6174亿美元，同比增长7%，其中贷款和债券占总融资的92%。安永在报告中称，融资总额创下五年来的最高水平，但融资数量继续下降，反映出该行业某些领域面临的挑战，尤其是美国勘探和生产公司以及油田服务公司的财务压力。 在并购方面，由于西方石油公司收购了阿纳达科石油公司，上游交易的价值增加了17.6%，达到1605亿美元。如果不算入这笔交易，全球交易总额则下降了24.2%。安永的报告显示，在勘探和生产领域，美国连续第5年在并购交易中居于领先地位，占全球上游交易总额的60%。 王佳晶 摘译自 今日油价 原文如下： Big Money Still Loves Oil & Gas The entire oil and gas industry and its investors are seriously reassessing the value of their beloved fossil fuels in the context of a major energy transition. But don’t be fooled: The returns of oil and gas projects are still highly competitive and plenty of capital is still flowing. While the energy transition and the low-carbon energy themes will only become more prominent in the coming years, oil and gas returns will continue to be competitive with the returns on investments in green energy, analysts say. Still, oil and gas companies now know with certainty that they must start to align their capital allocation strategies with the growing investor pressure to show willingness and commitment to curb emissions and help save the planet. Energy Transition Starts To Shape Capital Flows and M&A Deals Oil and gas firms continue to raise a lot of capital and strike mega merger deals, but the low-carbon and net zero themes have started to shape the nature of deals and capital-allocation strategies, EY said in its Global oil and gas transactions review 2019 this month. According to EY, both the values of mergers and acquisitions (M&As) and capital-raising were robust in the sector last year. Oil and gas firms raised US$617.4 billion in capital in 2019, up by 7 percent on the year, with loans and bonds accounting for 92 percent of capital raised. The total value of capital raised was the highest in five years, but the number of fundraisings was down for yet another year, reflecting challenging conditions for some segments in the industry, notably financial stress among U.S. exploration and production companies and among oilfield services, EY said in its review. In M&A, the value of upstream deals rose by 17.6 percent to US$160.5 billion, thanks to Occidental’s acquisition of Anadarko. Excluding this deal, total global deal value dropped by 24.2 percent. In exploration and production, the U.S. continued to lead the way for M&A deals for a fifth consecutive year, representing 60 percent of the world’s total upstream deal value, EY’s review. |
