Some curious business - from industry magazine Oil Price:
Japan Is Aggressively Buying Up Oil And Gas Around The World
This coming year could be a surprisingly exciting time for oil and gas developers.
Yes, energy prices are depressed right now. But not everyone sees that as a negative. In fact, private equity funds are still raising record amounts of capital for energy investments — with managers and investors alike seeing the current downturn as a prime time to pick up good assets for cheap.
Most of that PE money is earmarked for U.S. shale. But this week’s announcements from Indonesia state oil firm Pertamina, and Japanese government arm Jogmec, show that the spending spree may now be extending to global oil and gas assets.
Pertamina had $700 million this year for acquisitions — and will likely have billions for the coming year. Jogmec is even more flush with cash — having arranged financial backing totaling $5.2 billion yearly for oil and gas M&A.
Much more at the site - the Japanese government through Jogmec is also doing a lot of surveying for future development in Africa and the Americas. They are scaling back on nuclear power. Wonder what their thinking is. $5.2 Billion is a large number for any economy.
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