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Sakhalin Energy, the consortium that operates the Sakhalin II LNG project in Russia, is seeking higher prices¬†for LNG sales from Korea’s Kogas, the world’s largest LNG buyer, sources have told Bloomberg. The contract is linked to Brent crude prices, which have risen substantially since it was signed eight years ago. The article indicates that Kogas… Keep reading →

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Carl Icahn has bought up 61 million shares of Calgary-based Talisman Energy, which equates to about 6% – or $300 million worth – of the company’s stock. “This is an unfocused company that probably needs to shed more assets or be taken over completely.”¬†Icahn previously set his sights on companies such as Chesapeake and Transocean… Keep reading →