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...Keep your money, but stay out of politics. Khodorkovsky, now confined in a prison five time zones east of Moscow, is testament to what happens to oligarchs who don't play by the rules. The former head of Yukos was on the verge of forming a partnership with Exxon-Mobil, and had called for a more open and democratic nation - both big no-nos in Putin's Russia - before he was arrested...
...biggest names in the industry will put in bids for 20-year contracts on six of Iraq's largest oil fields and two of its largest gas fields, with the Iraqi Oil Ministry scheduled to announce the winning bidders on June 29 and 30. In the running are Exxon Mobil, Shell and BP as well as smaller Chinese, Russian and other state companies. Winners will have a 75% stake in the project - with 25% to the partnering Iraqi oil company - and will be compensated for their costs plus a profit based on increasing a field's oil production...
...China's largest companies are beginning to take center stage as the and most asset-rich corporations in the world. The market cap of PetroChina (PTR) recently passed Exxon Mobil (XOM) making it the most valuable company traded on any stock exchange. That gives it the option of using cash or stock to acquire assets in the West and Japan.PetroChina can also tap the Chinese treasury for cash...
TIME Warner (TWX) may not be planning to buy CBS (CBS), although it would make some sense. If a deal like that was on TIME Warner's mind, CBS has gotten 29% more expensive in the last five days. If Exxon Mobil (XOM) wants to buy Chevron (CVX), the price is up 9% in five days...
...Administration would do everything that they can to give oil companies permits for off-shore drilling in areas which have recently been approved for this purpose, it would certainly add billions of dollars in additional money to the annual amounts that the Interior Department sends to the Treasury. Exxon Mobil says that if drilling can begin in all of these areas, it would create 76,000 jobs...