Oil Market Update (April 30, 2013)
Oil – A brief overview of oil price developments, supply and demand and significant market movers.
Articles Tagged "petronas"
TransCanada Registers More Success
Gas – Canadian pipeline giant TransCanada has penned another multi-billion dollar deal. In doing so, it has once again raised the question of whether pipeline companies are an overlooked investment opportunity.
Natural Gas Acquisitions Favored Over Oil Sands Potential
Gas – Data has confirmed that international energy majors are favoring Canadian natural gas acquisitions over oil sands projects to meet increasing Asian energy demand.
PETRONAS Rejection May Hamper CNOOC’s Acquisition of Nexen
Oil – Bloomberg reported that following Canada's rejection of PETRONAS' bid for Progress Energy Resources Corp. (TSX:PRQ), shares of Calgary's Nexen Inc. (TSX:NXY) fell 4.4 percent, ending at C$24.04 in Toronto. Investors are concerned that CNOOC Ltd. (HKEX:0883), which wants to acquire Nexen, will also be turned down by Canada.
Progress Energy Takeover: Only the Beginning?
Gas – The Canadian natural gas market watched with interest as the recent Progress Energy takeover marked the first instance of an Asian investor launching a buyout of a Canadian partner in a gas project.
Mozambique: A Burgeoning Gas Exploration Hotspot
Gas – Recent finds by Eni and Anadarko confirm Mozambique as an up and coming offshore gas hotspot
