Asia Oil Takeovers Match US Speed for First Time

Woodside Petroleum Ltd.’s purchase of a stake in Israel’s biggest natural gas deposit takes Asia-Pacific oil and gas acquisitions to a record US$99 billion this year, on par with the US for the first time.

As quoted in the market news:

Higher production in North America means large amounts of capital and operators have no option but to sell some of their assets. Buyers from Asia are stepping in.

Click here to read the full Financial Post article.