Search results for “PTTEP”
Entity results
8 Insight results
Asia-Pacific Oil And Gas Producers: Long-Dated Debt A Sticking Point For Investors In The Energy Transition
Jul 9, 2024 -… Ltd. 7th and 8th Gas separation plant, new onshore transmission pipeline, LNG terminal, and other small initiatives in the trading business 1,204.0 Estimated capex on a stand-alone basis, excluding projects at PTTEP and other subsidiaries Santos Ltd. Barossa (LNG), Pikka Phase 1 (Alaska) 3,700.0 S&P Global Ratings estimates Woodside Energy Group Ltd. ...Investment in non-petroleum businesses such as life science and pharmaceuticals. 820.9 Estimated capex on a stand-alone basis, excluding projects at PTTEP and other subsidiaries Santos Ltd. Moomba CCS 220.0 S&P Global Ratings estimates Woodside Energy Group Ltd. ...Sources: S&P Global Ratings Table 5 Government-related entities status Issuer Stand-alone credit profile Issuer credit rating Likelihood of extraordinary government Support CNOOC a A+ Extremely high (+1 notch) CNPC a+ A+ Extremely high (no impact) Sinopec a A+ Extremely high (+1 notch) INPEX bbb+ A High (+2 notches) KNOC bb- AA Almost certain (+10 notches) Medco bb- BB- ONGC bbb+ BBB- Very high (-2 notches from SACP) Pertamina bbb- BBB Almost certain (+1 notch) PETRONAS aa A- Almost certain (-4 notches) PTTEP bbb BBB+ PTT bbb BBB+ Extremely high (+1 notch) Santos bbb- BBB- Woodside bbb+ BBB+ Source: S&P Global Ratings Writer: Lex Hall Related Research Will Oil And Gas Producers Lose Access To External Financing as Lenders Decarbonize? …
Credit FAQ: How South And Southeast Asian Firms Will Fare As Currencies Depreciate
May 16, 2024 -… PTT Exploration and Production Public Co. Ltd. PTTEP Largely neutral Revenues from oil and gas sales and most of the cost base (exploration, lifting costs) are linked to the U.S. dollar. ...PTT Exploration and Production Public Co. Ltd. PTTEP Largely neutral 70%-80% of debt is denominated in U.S. dollar, the rest in Thai baht. PTTEP employs cross-currency swaps to address currency mismatches in its debt currencies. …
Southeast Asian And Indian SOEs/GLCs: Watch For Support Amid Rising Leverage
Nov 1, 2023 -… MCOT Thailand CRT NR PTT Exploration and Production Public Co. Ltd. PTTEP Thailand Commodities BBB+/Stable/-- PTT Global Chemical Public Co. …
Credit FAQ: Thailand's PTT And Subsidiaries Can Ride Out Earnings Hit
Sep 12, 2023 -… We estimate that GC and Thai Oil contribute to about a quarter of PTT's consolidated EBITDA during the mid-cycles; this makes both subsidiaries the second- and third-largest earnings contributors to the group, respectively, following sister company PTT Exploration and Production Public Co. Ltd. (PTTEP). GC We expect GC to maintain its 10%-15% contribution toward PTT's EBITDA under mid-cycle conditions. ...GC uses natural gas in its olefins segments, some of which is produced by PTTEP in the Gulf of Thailand. The natural gas is transmitted to GC's crackers via the parent's gas transmission business. …
Credit FAQ: Gauging The Pressure On Thailand's PTT Group
Mar 12, 2021 -… Consequently, we downgraded by one notch subsidiaries PTT Exploration and Production Public Co. Ltd. (PTTEP), PTT Global Chemical Public Co. Ltd. (GC), and Thai Oil Public Co. ...The recently announced gas field acquisition by PTT's upstream subsidiary, PTTEP, adds more pressure at a time when the group has a weakened balance sheet. ...We consider PTTEP as a core subsidiary of PTT, and its local and foreign currency ratings are equalized at that of its parent. …