BLOOMBERG: Cnooc, Other Chinese Oil Companies May Lead Oil Mergers
“BG Group Plc, Repsol YPF SA, Woodside Petroleum Ltd. and even Royal Dutch Shell Plc also “could be in the hands of other players…”
Tuesday 23 August 2005
Aug. 23 (Bloomberg) — Cnooc Ltd., Petrochina Co. Ltd. and other Chinese oil companies may be back in the takeover hunt to get access to more reserves to meet demand in the country’s growing economy, a Foresight Research Solutions energy analyst says.
After the sting of Cnooc failing to prevail in the bidding for Unocal Corp., the company and its Chinese rivals are likely to stay away from U.S., Canadian, Australian and European targets, said Bernard Picchi, an energy analyst for Foresight in New York in a note to investors.
Nationalism in the U.S., Canada, Australia and Europe is likely to block any attempt by a Chinese company to takeover a national energy company. As a result, Chinese companies including China Petroleum & Chemical Corp. and SinoChem International Co. Ltd. may go after companies in countries less tied to the west, he said.
“The Chinese (companies) will search for oil reserves where U.S. and European energy companies are commercially or politically unwelcome, including (but not meant to exclude any oil rich pariah): Iran, Iraq, Myanmar, Sudan and Venezuela,” said Picchi in the report.
Still, yesterday China National, the nation’s biggest oil company, agreed to buy Canada’s PetroKazakhstan Inc. for $4.18 billion.
Flush With Cash
Chevron Corp. acquired Unocal two weeks earlier for $17.8 billion, thwarting a rival bid from China’s Cnooc that U.S. lawmakers opposed.
Chinese companies also may partner with private equity firms or pursue joint ventures, Picchi said in the report.
“The scars are still fresh from the company’s thrashing by Congress,” he said.
Because the industry is awash in capital, takeovers may winnow the field of oil and gas producers such as Amerada Hess Corp., Marathon Oil Corp. and Occidental Petroleum Corp., said Picchi.
BG Group Plc, Repsol YPF SA, Woodside Petroleum Ltd. and even Royal Dutch Shell Plc also “could be in the hands of other players,” he said.
To contact the reporter on this story:
Dan Lonkevich in New York at [email protected].
http://www.bloomberg.com/apps/news?pid=email_us&refer=asia&sid=aYMm4rReR3j4
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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