Chevron wants more dialogue on Poland shale gas rules
Veröffentlicht: 10. Juli 2013 Abgelegt unter: fracking / shale gaz, Schiefergas-Lizenzen & Förderung | Tags: Chevron Polska Energy Resources Sp. z o.o., Exxon Mobil, hydrocarbon law, Marathon, Talisman Hinterlasse einen KommentarEnergy major Chevron said on Tuesday it was committed to shale gas exploration in Poland though it wanted more consultation with the government on draft amendments to rules before they are adopted.
Three foreign firms – Exxon Mobil, Talisman and Marathon – have pulled out of Polish shale gas, citing difficult geology and short-comings in the regulatory environment.
Industry lobby groups say the draft amendments to the hydrocarbons law, though better than previous versions, do not create the right conditions for firms to invest in Poland, which is seen by some in the industry as Europe’s best shale gas hope.
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Christian Lowe – Reuters
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Chevron’s Poland Fact Sheet (May 2014)
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Chevron fracks Poland
A short documentary about the troubles Polish farmers have to face when the frackers invade their area. It shows what happened in the village of Rogow in South-Eastern Poland. This short film was made in 2011, but the problems surrounding shale gas extraction seem not to have changed since then, so it is very interesting as a case study.
[O-Tone polish but english subtitled]
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U.S. investor Wilbur Ross likely to buy Spanish financial assets
Veröffentlicht: 10. Juli 2013 Abgelegt unter: Bank of Ireland (BOI), Wilbur Ross | Tags: Corporate Raider, Restructuring, turnaround investments Hinterlasse einen KommentarWilbur Ross, the U.S. billionaire who has made 65 % profit on his 2011 investment in a struggling Bank of Ireland (BOI), said he is likely to bid for banks or financial assets in Spain over the next few months.
Ross, whose WL Ross & Co. LLC owns 9.9 % of BOI, said in a telephone interview that he had spent a lot of time in Spain recently and had been impressed by banking sector reforms.
„We haven’t decided yet whether to buy assets or to invest in banks themselves, but the likelihood is that we’ll show up bidding on something in Spain,“
he said.
Ross, one of the biggest international champions of Ireland’s recovery, has made $2.6 billion through investing in poorly performing assets.
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Laura Noonan – Reuters
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Anmerkung
Auch wenn manchmal der Eindruck entsteht, dass Investor-Legenden (oder sollten wir besser den Begriff Corporate Raider wählen?) wie Ross das Gras wachsen hören, führen deren sicher sorgfältigen Analysen und Einschätzungen nicht immer zum Ziel.
Im Zusammenhang mit den angedachten Investments in spanische poor performing assets muss sich erst noch herausstellen, ob sich unter dem sprichwörtlichen Gras nicht doch auch ein Minenfeld verborgen sein könnte.
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Ihr Oeconomicus
Oeconomicus 