Deals
Record Asia Oil Takeovers Match U.S. Pace for First Time: Energy
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Woodside Petroleum Ltd.’s purchase of a stake in Israel’s largest natural gas deposit takes Asia-Pacific oil and gas acquisitions to a record $99 billion this year, tying the U.S. for the first time.
Australia’s second-largest petroleum producer yesterday said it will pay partners including Noble Energy Inc. an initial $696 million and as much as $2.3 billion for part of the Leviathan field. Deals by U.S. energy companies have fallen 35 percent to $98.7 billion in 2012, while Asia-Pacific purchases increased 3.8 percent, according to data compiled by Bloomberg.