From the Wall Street Journal Blog: (LINK).
The BP- Apache deal is a no-go. Alaska Gas Pipeline effect: Assuming the TransCanada / ExxonMobil project and the Denali project merge BP will still be a player. A cash strapped, weakend player but in the game all the same.
The upside: BP's current unfortunate situation may help all the producers over the conceptual hump to merge the projects sooner rather than later.
Showing posts with label What else can go wrong?. Show all posts
Showing posts with label What else can go wrong?. Show all posts
Wednesday, July 21, 2010
BP-Apache Deal: Prudhoe Bay Was Too Complex
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