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The latest on Exxon Mobil Corp. (NYSE:XOM) possibly spending several billion dollars to acquire Kosmos Energy LLC's stake in the Jubilee oil field in Ghana is that state-run Ghana National Petroleum Corp. is studying the deal before passing it to the energy ministry. Reuters said that's what a Ghanaian government...
Posted on October 7, 2009 3:42 PM
With a possible price tag of about $8 billion, Addax Petroleum Corp (LSE:AXC) could become Chinese-owned soon. Responding to reports, Addax announced it has held preliminary discussions with third parties expressing an interest in a potential deal. A report from South China Morning Post said China Petroleum & Chemical...
Posted on June 8, 2009 12:31 PM
China's three biggest oil companies are forecasting major dips in profit. As part of a three-year revitalization plan, China is pushing forward with overseas oil investment in a big way as a drop in global demand has devalued oil assets.The country will offer preferential lending rates for overseas oil investments,...
Posted on February 17, 2009 9:43 AM
Leading up to the publishing of our next Corporate Dealmaker magazine later this month, we've been telling you about investments in the emerging markets. Our contacts at Paul, Hastings, Janofsky & Walker LLP just reminded us of the flip side of the equation with a report called "Acquisition of U.S....
Posted on March 7, 2008 9:37 AM
There was lots of talk of busted deals, tight credit markets and ethical issues during an acquisition and divestiture panel at the 30th annual Corporate Counsel Institute in Houston on Thursday. Keith Fullenweider, a corporate partner at Vinson & Elkins LLP who moderated the panel, has had some experience: He...
Posted on February 8, 2008 11:01 AM
China tends to give bureaucrats lots of room to interpret its loosely worded laws, so it's still early to tell how the changes made in September 2006 to its acquisition rules will play out. But there are some signs of a backlash against foreign investment. In November, for example,...
Posted on April 15, 2007 8:24 AM
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