Matches in SemOpenAlex for { <https://semopenalex.org/work/W2019842009> ?p ?o ?g. }
Showing items 1 to 52 of
52
with 100 items per page.
- W2019842009 abstract "In considering the finance of offshore projects, I would like to do this by first considering how bank finance fits into a company's financial strategy and briefly describing the main characteristics of energy finance. I will then outline those risks companies generally wish to share with banks and those banks u currently willing to accept (and the two are not the same!), together with associated risk mitigation techniques in each case. Finally, I will also look at current trends in the energy market from a banker's perspective and try to draw some conclusions about the likely characteristics of future financing; including those for marginal field development. To give you some idea of the importance of the sector to the UK, it currently accounts for over 1% of GNP and directly supports more than 100,000 jobs. Since the mid 1960's some E1OO billion has been invested in the UK sector of the North Sea and capital investment is currently running at over £5 billion a year -- some 20% of total investment in the UK. This is financed by a combination of internal funds, i.e., provided by the companies themselves, and external finance largely provided by banks. Although there has been a recent resurgence of interest in bank funding for large infrastructure projects including, airports, bridges and motorways, the real impetus for the current boom in project financing has come from the new business segments of power generation and associated independent gas marketing. In the UK this is a new business area, in the middle of dramatic restructuring following privatisation, with considerable uncertainties regarding the overall supply/demand balance. Notwithstanding these risks, the response of the banking market has been generally extraordinarily enthusiastic. Large amounts and long tenors, up to twenty years, have been achieved, which is particularly impressive against a background of increasing capital constraints on banks. At the same time, it must be remembered that the oil side of the business has also been an enthusiastic user of bank finance. Activity in the North Sea in particular has benefited from a combination of new finds such as the Nelson and Scott Fields, the emergence of gas as a generating fuel as outlined above and the considerable capital expenditures associated with upgrading existing developments, with project financing capturing a considerable portion of this business. Here in the US, the Gulf of Mexico has consistently been a prolific area for developments and associated financing. However, it is important to remember that bank finance is only one of the vast array of financing techniques available to companies. These range from inter-company loans, through to bank facilities based on the company's balance sheet, (corporate facilities) to other sources including the equity and capital markets. Of course, if it is available inter-company debt funded by the parent company is usually the cheapest and most flexible source of finance. However, this is not available to all companies, and even where it is there may be compelling tax or policy reasons for not using it." @default.
- W2019842009 created "2016-06-24" @default.
- W2019842009 creator A5080174306 @default.
- W2019842009 date "1994-05-02" @default.
- W2019842009 modified "2023-09-27" @default.
- W2019842009 title "Financing Offshore Projects: The Banker'S Approach To Risk" @default.
- W2019842009 doi "https://doi.org/10.4043/7431-ms" @default.
- W2019842009 hasPublicationYear "1994" @default.
- W2019842009 type Work @default.
- W2019842009 sameAs 2019842009 @default.
- W2019842009 citedByCount "0" @default.
- W2019842009 crossrefType "proceedings-article" @default.
- W2019842009 hasAuthorship W2019842009A5080174306 @default.
- W2019842009 hasConcept C10138342 @default.
- W2019842009 hasConcept C111368507 @default.
- W2019842009 hasConcept C127313418 @default.
- W2019842009 hasConcept C144133560 @default.
- W2019842009 hasConcept C162284963 @default.
- W2019842009 hasConcept C32896092 @default.
- W2019842009 hasConceptScore W2019842009C10138342 @default.
- W2019842009 hasConceptScore W2019842009C111368507 @default.
- W2019842009 hasConceptScore W2019842009C127313418 @default.
- W2019842009 hasConceptScore W2019842009C144133560 @default.
- W2019842009 hasConceptScore W2019842009C162284963 @default.
- W2019842009 hasConceptScore W2019842009C32896092 @default.
- W2019842009 hasLocation W20198420091 @default.
- W2019842009 hasOpenAccess W2019842009 @default.
- W2019842009 hasPrimaryLocation W20198420091 @default.
- W2019842009 hasRelatedWork W1976120260 @default.
- W2019842009 hasRelatedWork W2058837261 @default.
- W2019842009 hasRelatedWork W2083574626 @default.
- W2019842009 hasRelatedWork W2505107120 @default.
- W2019842009 hasRelatedWork W2572170656 @default.
- W2019842009 hasRelatedWork W2577653903 @default.
- W2019842009 hasRelatedWork W2583025422 @default.
- W2019842009 hasRelatedWork W2587423601 @default.
- W2019842009 hasRelatedWork W2588450520 @default.
- W2019842009 hasRelatedWork W2599187429 @default.
- W2019842009 hasRelatedWork W2640510550 @default.
- W2019842009 hasRelatedWork W2747097762 @default.
- W2019842009 hasRelatedWork W2888410102 @default.
- W2019842009 hasRelatedWork W2891050955 @default.
- W2019842009 hasRelatedWork W2939037233 @default.
- W2019842009 hasRelatedWork W37652395 @default.
- W2019842009 hasRelatedWork W571001697 @default.
- W2019842009 hasRelatedWork W582299750 @default.
- W2019842009 hasRelatedWork W95434602 @default.
- W2019842009 hasRelatedWork W2112744030 @default.
- W2019842009 isParatext "false" @default.
- W2019842009 isRetracted "false" @default.
- W2019842009 magId "2019842009" @default.
- W2019842009 workType "article" @default.