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Issuer Ranking: European Oil And Gas Companies, Strongest To Weakest May 07 Product Image

Issuer Ranking: European Oil And Gas Companies, Strongest To Weakest May 07

  • Published: May 2007
  • Standard & Poors

FEATURED COMPANIES

  • Aurelia Energy N.V.
  • Frontier Drilling ASA
  • Norsk Hydro ASA
  • Oil Company Rosneft OJSC
  • Petroplus Holdings AG
  • Statoil ASA
  • MORE

Abstract
The outlook on the credit quality of the European oil and gas sector remains broadly stable thanks to continued highly favorable market conditions (see charts graphs 1 to 3). After a weak start in January and February, OPEC cuts and geopolitical uncertainties have pushed crude oil prices back up to $65 a barrel. Ural differentials, however, appear to have normalized. On the refining front, margin developments are better than expected, with a strong recovery in the first quarter and soaring margins in April thanks to widening gasoline crack spreads. Despite the generally stable outlook (75% of ratings) some positive rating and outlook actions are possible, but will be selective and on a company-specific basis. The positive impact of the favorable...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, READ MORE >

- BP PLC
- Statoil ASA
- Royal Dutch Shell PLC
- Norsk Hydro ASA
- Repsol S.A.
- Petroleum Geo-Services ASA
- Technip
- LUKoil OAO
- Gazprom OAO
- Eni SpA
- Ocean Rig Norway A.S.
- Total S.A.
- BG Energy Holdings Ltd.
- Compagnie Generale de Geophysique - Veritas
- Sasol Ltd.
- Oil Company Rosneft OJSC
- Aurelia Energy N.V.
- TNK-BP International Ltd.
- OAO AK Transneft
- MOL Hungarian Oil and Gas PLC
- The Rompetrol Group N.V.
- Petrol Ofisi A.S.
- OJSC AK Transnefteproduct
- OAO NOVATEK
- Frontier Drilling ASA
- Petrol AD
- KazMunayGas NC JSC
- Petroplus Holdings AG

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