April 30 - FT.com - A falling dollar tempts Europeans to hop on a plane and hunt for bargains across the Atlantic. The Old World’s oil executives are doing deals in North America for different reasons.
Between them, Eni of Italy and Statoil of Norway have announced almost $8bn of acquisitions in the US and Canada in the past few days. Statoil’s foray into Canadian oil sands is all about reducing dependence on mature fields at home. For Eni, assets bought from Dominion Resources strengthen an existing but marginal position in the Gulf of Mexico. Read More (subscription required).
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