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Anadarko deal cements Chevron CEO as dealmaker

HOUSTON: Chevron Corp’s proposed US $33bil deal for Anadarko Petroleum Corp vaults the company into top ranks of the world’s biggest oil companies and cements its chief executive, Mike Wirth, as a dealmaker.





Wirth: We have always said and will still say that anything we do would have to make us even stronger. —  Bloomberg

Russia, OPEC may ditch oil deal to fight for market share

MOSCOW: Russia and OPEC may decide to boost production to fight for market share with the United States but this would push oil prices as low as $40 per barrel, TASS news agency cited Russia's Finance Minister Anton Siluanov as saying on Saturday.

Russia and OPEC may decide to boost production to fight for market share with the United States but this would push oil prices as low as $40 per barrel.

Chevron to buy Anadarko for US$33b in shale, LNG push

BENGALURU: Chevron Corp doubled down on its bet on surging U.S. oil and gas output on Friday, saying it would buy shale producer Anadarko Petroleum Corp for $33 billion in cash and stock that will make it the second-largest crude producer in the world.

Chevron will emerge as the clear leader among all Permian players, both in terms of production growth and as a cost leader.

Asia’s deal-making Ong brothers

BLACK Monday, the Black Friday mini crash in 1989, the 1997 Asian financial crisis and the 2008 subprime crisis. Asia’s deal-making Ong brothers have come a long way to becoming household names in private equity.






Brothers in business: RRJ Capital bosses Richard Ong (left) and his brother Charles in front of their office in Hong Kong.

What is the long-term growth model of Asia?

AS the weather warms up in the Northern Hemisphere from a bitter winter, there is concern that the world is moving towards a synchronised global slowdown. This is a massive contrast to only a year ago, when the consensus was optimistic of a synchronised global recovery.





Digital platform: A Go-Jek logo is pictured in the company’s office in Singapore. — Reuters

Felda gets lifeline

THE turnaround plan for ailing government agency, the Federal Land Development Authority (Felda), has shifted into high gear.

Megat Zaharuddin: The new business model will help to ensure the sustainability of the new Felda.