21.12.2012 - Oil and gas 2013 outlook: Big winners and losers ahead
Looking back on 2012, it is hard to discern the biggest story in the oil and gas sector. The reshuffling of assets is certainly a contender, as is the huge growth in U.S. oil production. Here at 24/7 Wall Street, we want to see how the old year might tell us something about the coming year. Major oil and gas companies spent quite a lot of effort shedding assets for one reason or another. BP PLC has parted with $32 billion in assets as it builds a cash reserve of $38 billion to pay claims resulting from the sinking of the Deepwater Horizon and the deaths of 11 workers in the disaster...............................................Full Article: Source
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