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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.
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.