Oil Search Ltd (ASX: OSH, OTC: OISHF, ADR: OISHY) is a pure play on rising demand for liquefied natural gas (LNG) in Asian emerging markets.
Oil Search’s key project is the 6.6 million tonne per annum (Mt/a) Papua New Guinea (PNG) LNG project, currently under construction and operated by Super Oil and 33 percent owner ExxonMobil (NYSE: XOM). As of a Dec. 1, 2011, project update PNG LNG, in which Oil [...]
From Washington Post:
The head of the Energy Department’s controversial loan guarantee program has decided to step down, department officials confirmed to The Washington Post on Thursday.
Jonathan Silver, who was named executive director of DOE’s Loan Programs Office in November 2009, has come under fire from congressional Republicans since the solar manufacturer Solyndra declared bankruptcy Aug. 31 after receiving a $535 million federal loan guarantee. [...]
Citic Securities, China’s biggest publicly-traded brokerage, raised HK$13.2bn ($1.7bn) selling shares at the low end of a revised price range in Hong Kong, Bloomberg reports, citing two people with knowledge of the matter. The Shanghai-listed company sold 995.3m shares at HK$13.30 each, http://ftalphaville.ft.com/thecut/2011/09/28/687456/citic-securities-sai…
Anadarko Petroleum has asked advisers to sound out potential buyers for a collection of its Brazilian oil assets in a deal that could [...]