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Author Topic: Record Asia Oil Takeovers Match U.S. Pace for First Time: Energy Back to Topics
WxVette

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Omaha

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Message Posted: Dec 4, 2012 8:03:55 AM

Woodside Petroleum Ltd. (WPL)’s purchase of a stake in Israel’s largest natural gas deposit takes Asia- Pacific oil and gas acquisitions to a record $99 billion this year, tying the U.S. for the first time.

Australia’s second-largest petroleum producer yesterday said it will pay partners including Noble Energy Inc. (NBL) an initial $696 million and as much as $2.3 billion for part of the Leviathan field. Deals by U.S. energy companies have fallen 35 percent to $98.7 billion in 2012, while Asia-Pacific purchases increased 3.8 percent, according to data compiled by Bloomberg.

The Leviathan deal underlines the growing appetite for oil and gas assets among Asia-Pacific companies after energy demand in the region grew at more than double the world average of 2.5 percent in 2011. China P
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jrs4125
Champion Author Indiana

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Message Posted: Dec 5, 2012 11:30:35 AM

Could too big to fail happen in the oil and gas business?
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iFueler
Champion Author Durham

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Message Posted: Dec 5, 2012 1:06:30 AM

more oil/gas for the markets
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humblepie
Champion Author Toledo

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Message Posted: Dec 4, 2012 9:22:31 AM

good for them
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Buckeyee
Champion Author Maine

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Message Posted: Dec 4, 2012 9:14:26 AM

With the money Israel will be getting, hopefully the US can then stop the over 2 BILLION in " aid " we give them every year. The US is bankrupted and can not even feed & house their own citizens, yet alone give free aid to a wealthy country.
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TripleHs
Champion Author Austin

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Message Posted: Dec 4, 2012 8:56:41 AM

a trend
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skempton
Champion Author Vermont

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Message Posted: Dec 4, 2012 8:38:06 AM

Never knew Israel has natural gas.
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sabre75
Champion Author Florida

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Message Posted: Dec 4, 2012 8:37:53 AM

Good for them.
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gbs1
Champion Author Minnesota

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Message Posted: Dec 4, 2012 8:36:29 AM

Companies are looking for new supplies, it makes sense.
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Hawg1408
All-Star Author Alberta

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Message Posted: Dec 4, 2012 8:31:44 AM

Good for them
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Eagle3236
Champion Author Missouri

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Message Posted: Dec 4, 2012 8:26:08 AM

Sounds like they are planning for the future! Hope we get the Keystone pipeline built.
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Zuegma
Champion Author Nova Scotia

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Message Posted: Dec 4, 2012 8:19:25 AM

They are doing a better job at planning for their energy needs.
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amoshins
Champion Author Trenton

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Message Posted: Dec 4, 2012 8:13:25 AM

Interesting - wonder if it's a sign of things to come - like more Asia oil imports?
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