Warren Buffett’s Berkshire Hathaway bought 40.1MM shares of ExxonMobil for $3.45bln, and now holds about 0.9% of the company’s stock. UK’s BG has sold additional interests in its Queensland Curtis LNG project in Australia to China National Offshore Oil Corp. for $1.93 billion, and to supply the state-controlled Chinese firm with an additional 5 million tons per year of LNG… Keep reading →
Infrastructure has been one of the defining terms for the energy sector in 2011, and it is set to define the industry’s major financial and regulatory debates in the coming year.
Generating, transporting and delivering energy is by its nature an infrastructure-heavy operation, perhaps along with the linked sectors of water and transportation the most consistently infrastructure-intensive activity modern societies engage in. Keep reading →