Issuer Ranking: EMEA Oil And Gas Industry, Strongest To Weakest Feb 13

  • ID: 2417653
  • February 2013
  • Region: EMEA
  • Standard & Poors
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  • Afren PLC
  • C.A.T. oil AG
  • Gazprom OAO
  • Nostrum Oil & Gas L.P.
  • Oil Company Rosneft OJSC
  • Songa Offshore SE
  • MORE

Oil and gas companies in Europe, the Middle East, and Africa (EMEA) currently benefit from healthy oil prices, which Standard & Poor's Ratings Services believes will help to maintain stable credit quality throughout 2013. Ongoing robust oil prices, which we assume under our base-case scenario, should support operating cash flow and investment (see "Standard & Poor's Revises Its Oil And Natural Gas Liquids Price Assumptions; Natural Gas Price Assumptions Remain Unchanged," published Feb. 11, 2013, on RatingsDirect on the Global Credit Portal). That said, we might find it necessary to raise or lower some individual ratings for company-specific reasons in the context of a rapidly changing industry. Increased production from shale resources, at present focused in the U.S.; the growth...

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, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- Statoil ASA
- Royal Dutch Shell PLC
- Repsol S.A.
- Stena AB
- Petroleum Geo-Services ASA
- Gazprom OAO
- Eni SpA
- Total S.A.
- BG Energy Holdings Ltd.
- Sasol Ltd.
- Oil Company Rosneft OJSC
- Rosneft International Holdings Limited
- OAO AK Transneft
- Gazprom Neft JSC
- MOL Hungarian Oil and Gas PLC
- KazMunayGas International N.V.
- Urenco Ltd.
- Alliance Oil Co. Ltd.
- MB Holding Co. LLC
- KazMunayGas NC JSC
- C.A.T. oil AG
- KCA DEUTAG Alpha Ltd.
- Eurasia Drilling Co.
- Expro Holdings U.K. 3 Ltd.
- Songa Offshore SE
- Nostrum Oil & Gas L.P.
- Ocean Rig UDW Inc.
- Afren PLC
- MB Petroleum Service LLC
- State Oil Company of Azerbaijan Republic
- Vallourec
- Welltec A/S
- Shelf Drilling Holdings Ltd.
- Oil and Gas Company Russneft OJSC
- RusPetro
- Millennium Offshore Services

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