Hints and tips:
...In the first quarter, for example, Berkshire Hathaway dipped into its massive cash pile to place multi-billion-dollar bets on oil majors Chevron and Occidental Petroleum — one of its most active quarters...
...“China is absolutely key to global LNG market growth,” said Frank Harris, head of global LNG consulting at Wood Mackenzie....
...That was definitely the question investors were asking as Seven & i outbid rivals by about $4bn to buy Marathon Petroleum’s Speedway stores for $21bn....
...Occidental Petroleum, already the largest holder of drilling rights in the Permian region, on Wednesday made its play to expand its territory, launching a hostile $55bn bid for Anadarko Petroleum, in an...
...“The deal shows leading buyers reacting to the need for more flexibility around LNG supply,” said Frank Harris, global head of LNG consulting at Wood Mackenzie....
...Corp....
...“For big oil CEOs, it would always be a difficult call to cut the dividend,” said Eric Oudenot of the Boston Consulting Group. “It could be the last decision they would make in that job.”...
...“In this situation and with oil prices as low as they are, the already long-term projects are certain to be pushed back further,” says Maxim Nechaev, head of consulting at IHS in Russia....
...Good morning New York, FT ALPHAVILLE The IMF approach to sovereign debt restructuring: Gabriel Sterne, senior economist at Exotix with IMF experience, and Charles Blitzer, Principal at Blitzer Consulting...
...“With that calculation, you arrive exactly at $10-$11 per mBtu,” says Maxim Nechaev, head of consulting at IHS in Moscow....
...Continental Resources and Whiting Petroleum are among the small US oil and gas companies that have enjoyed first-mover advantage....
...“In a normal country, the state would step in,” says Geoff Porter, of North African Risk Consulting. “But in Libya, the government does not have control.”...
...Corp in the country’s vast Jurassic gasfields....
...Maurice Berns, partner at Boston Consulting Group, predicts the level of LNG penetration in each of the two potential markets will differ markedly....
...Indian imports are set to increase in part because domestic supplies are forecast to meet less than half of total demand by 2015, according to analysis by Boston Consulting Group....
...It is consulting locals and they are listening – and they seem determined to avoid mistakes of the past.” The same could be said for Kyaukpyu’s early investors....
...The problem, said Ola Borten Moe, minister of petroleum and energy, was the “challenging” project’s high costs....
...In 2009, the state-owned oil company Kuwait Petroleum Corp (KPC) was forced to withdraw contracts it had handed out after lawmakers claimed the deals had been awarded illegally....
...However, Jack Gerard, president of the American Petroleum Institute, the oil and gas industry lobby group, said efforts to restrict LNG exports were “misguided”....
...In the wake of damage caused by hurricane Isaac, the Department of Energy agreed to lend a million barrels of crude from its emergency reserves to Marathon Petroleum Corp for its Louisiana refinery....
...(Financial Times) - China Investment Corp no longer the passive investor....
...“We are consulting our clients about their oil needs and telling them we are ready to supply more,” a senior official said....
...Any offer would put the Spanish company up against a consortium of Indian public sector utilities, including Oil and Natural Gas Corporation, Bharat Petroleum and Gujarat State Petroleum Corporation....
...“Existing reservoirs are depleting three times faster than 20 years ago,” says Claudi Santiago, chief operating officer of First Reserve Corp, the energy-focused private equity group....
...“China wants to look long-term,” said Robin Mills, an analyst at Dubai-based Manaar Energy Consulting. “And when this crisis is over, Iran will be a very important player.”...
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