FOCUS: UNCONVENTIONAL OIL & GAS — International investors driving unconventional oil, gas M&A

02/06/2012
Chinese, French, and Japanese companies were among recent investors making long-term financial commitments to US unconventional oil and gas plays in a trend that is expected to continue despite economic uncertainty. State-run Oil India Ltd. (OIL) has indicated an interest in acquiring shale assets in the US and Australia. Oil India Finance Director T.K. Ananth Kumar told reporters Oil India hopes to buy shale assets worth up to $200 million. Reliance Industries Ltd. and Gas Authority of India Ltd. already have US shale gas acreage. Kumar said Oil India prefers a joint venture partnership rather than fully owning the asset. "This is our strategy for acquisition of shale gas," he ...
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