I last eluded to "The Man with No Name" in my September 2011 Energy column entitled The Good, the Bad, & the Indifferent.
In my article "Deal or No Deal" (Energy, November, 2011), I highlighted my expectation of increased bid activity from National Oil Companies (NOC's) given their significant sovereign wealth fire-power and the perception that in current volatile markets, there was value to be exploited.
Offshore Oil & Gas production is an infrastructure intensive activity. The UK North Sea is estimated to be home to around 10million tonnes of steel and concrete making up the 470 installations, 5,000 wells, and 6,000 miles (9,656km) of pipeline laid to date.
LAST month, a FTSE100 company announced plans to spend $4.5billion on developing its interests in various US gas fields. Nothing unusual in that you say; however, but the business in question is not an oil & gas company, but a miner.
THE level of global upstream oil and gas assets merger & acquisition activity was a little bit flat through early 2011.
IT'S just over a year since the monstrous Macondo oil spillage was finally stopped on July 15, 2010 - more than three months after the devastating explosion on the Deepwater Horizon drilling rig killed 11 people and injured 17 others.