When John D. bought oil assets during slumps, he knew prices would come back.
Another likely divestiture is Argentina, where the government has nationalized oil assets.
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The Kremlin broke apart Yukos and seized control of its oil assets.
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Total already owns a pile of oil sands assets including 75% of the Joslyn mine, expected to give 200, 000 bpd, and a 50% piece of the Surmont project.
Shell has been on a massive divestment strategy on its oil field assets, from Africa to the Far East for the last 12 months, or since Rossi did his first demonstration this time last year.
The second Exxon virtue likely to help Mr Tillerson is the firm's collection of oil and gas assets.
Sinopec plans to use the proceeds to acquire overseas oil and gas assets of its parent company, China Petrochemical Corp.
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Sinopec plans to use the proceeds to acquire overseas upstream oil and gas assets now held by its parent company, China Petrochemical Corp.
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As part of the transformation, the trusts have had to focus more on securing new sources of growth to replenish their oil and gas assets.
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State-owned PetroVietnam plans to keep buying foreign oil and gas assets.
Russia's largest oil company, Rosneft, which took over the assets of the Yukos oil company, is still open to lawsuits from Yukos's shareholders.
Oil-exporting countries have reinvested their gains from higher oil prices in dollar assets.
In September 2012, its subsidiary, Unit Petroleum Company, acquired certain oil and natural gas assets from Noble Energy (NBL), increasing its proved reserves 38% from year-end 2011, and sold certain of its Bakken properties.
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Announced sales to date include all oil and gas producing assets in the United States Rockies, some natural gas properties in Western Canada, all assets in the Netherlands, and all Trinidad and Tobago assets.
Commodities have been rising on account of demand and loose monetary policy in the US, in particular, where near-zero capital costs have weakened the dollar and turned money managers onto hard assets like oil, gold, and agricultural commodities.
Some analysts have suggested that the Obama administration, which is widely viewed as being anti-oil, could move so far as to require BP to jettison its U.S. assets or to slap the oil giant with a crippling fine.
That's weakening the dollar, so investors are pouring their money into hard assets, like oil.
The oil giant has been selling assets worth billions of pounds to raise money to settle all claims.
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At present, only some of the assets are producing oil and gas.
The oligarchs had initially expected to develop those assets through Russian oil giant TNK-BP, in which they held a 50% stake (recently sold to Rosneft).
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Renamed Cornerstone Natural Gas, Endevco sold off an oil refinery and some pipeline assets to help pay down debt, and trimmed staff to lower operating costs.
PTT's bid is the biggest ever by a Thai firm for a foreign one, and underscores the rush for oil-and-gas assets off the east African coast.
Companies were offered "buybacks" instead, under which they drilled for oil, built pipelines and handed over the assets to the government in exchange for a fixed return, paid in oil.
Brazilian authorities, and national oil giant Petrobras, had been working with global oil companies in order to tap the coveted assets, in a field that is thought to contain about 8 billion barrels of recoverable oil.
Another investment component, about 18%, is in real assets: timber, oil and gas, property.
Yet the economics of producing oil and gas mean that old assets are being sweated.
Those assets include home heating oil and a television station.
It distorts economic decision making: Hard assets, such as oil, gold and land, may look awfully good when the cost of living is rising more than 10% a year--which is what happened in the 1970s and early 1980s.
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