Hints and tips:
...“New York companies are buying up residential homes, so everyday Philadelphians are being outbid by LLCs and corporations, people who have been here for generations....
...Neil Cybart of Above Avalon, a research group that tracks Apple, said the more limited and humanistic vision for the technology that Mr Giannandrea espouses sounds “more aligned with Apple’s philosophy regarding...
...This approach led to the 2007 discovery of the Jubilee field in Ghana — one of the largest in African waters for years — followed by others nearby which, together, produced an average 132,000 barrels of...
...In Britain the sharpest outfit is Avalon, run and owned by Jon Thoday and Richard Allen-Turner....
...The standout example is Kosmos Energy, the small explorer initially funded by Warburg Pincus and Blackstone, which discovered the massive Jubilee oilfield off the coast of Ghana in 2007....
...Over the past two decades the private equity group has committed $6bn of equity to companies such as Kosmos Energy, the Texan explorers who led the discovery of Ghana’s offshore Jubilee field in 2007....
...Tullow said the ramp-up of the Jubilee field to 120,000 barrels a day was a principal aim in 2011....
...Ireland’s Tullow Oil is seeking to increase its stake in Ghana’s offshore Jubilee field through the $300m acquisition of shares controlled by allies of John Kufuor, the former president, industry officials...
...has patched up its differences with Kosmos Energy, the Texas-based oil wildcatter, opening the way for its private equity owners to sell the company’s stake in the west African country’s vast offshore Jubilee...
...Ghana’s state-owned oil company has approached the private equity owners of Kosmos Energy about buying its stake in the west African country’s vast offshore Jubilee oilfield for about $4bn....
...Kosmos, together with its partners UK-listed Tullow Oil and Anadarko Petroleum, the US oil company, discovered Jubilee in 2007....
...In July Tullow announced tests at its Owo field showed it had a potential as great as Jubilee....
...Anadarko recently announced the opening of its Ghanaian “Jubilee” field, the first major international expansion for the group, which has substantial assets in US shale....
...Kosmos, which is backed by Blackstone and Warburg Pincus, US private equity groups, first agreed to sell its Jubilee stake to ExxonMobil last year....
...The Jubilee field, which may hold at least 1.2bn barrels of oil, has also attracted interest from Chinese, Korean, French, Irish and British companies....
...Exxon offered to pay $4bn to buy the 23.5 per cent stake in Jubilee currently held by Kosmos, the independent US oil producer backed by private equity groups Blackstone and Warburg Pincus....
...ExxonMobil, the US’s biggest oil company, releases its results on Monday, with analysts hoping for updates in two areas – its acquisition of XTO Energy and moves to enter Ghana’s deepwater Jubilee field....
...It would generate about a 400% return for Blackstone and Warburg Pincus, which together invested $800m in Kosmos Energy, owner of the Jubilee stake....
...Anadarko and Tullow are also at work in Ghana, where in 2007, the Jubilee field became one of Africa’s largest finds....
...Avalon Rare Metals, a Toronto-listed mining company, reckons that about 25 per cent of new technologies rely on minor metals and rare earths....
...“This play [for Jubilee] is absolutely consistent with that strategy.’’...
...The case risks complicating efforts by Texas company Kosmos to sell its stake in the Jubilee oil field to ExxonMobil in a deal valued at $4bn....
...But offshore positions such as Jubilee are increasingly sought after, as they are more difficult targets for local insurrections....
...The Jubilee field is Africa’s largest deep water field and is thought to hold as many as 2bn barrels of oil, while the coastline could increase that....
...Jubilee, one of the industry’s most exciting recent discoveries, is expected to produce 120,000 barrels a day eventually, of which Tullow has a third....
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