"Australia and China struck their biggest trade deal ever today as the world's two most valuable listed oil companies, Exxon Mobil and PetroChina, agreed a $41 billion liquefied natural gas deal.
"It's a statement about the nature of our two economies and the fact that Australia is important to China, just like China is important to Australia," Australian Resources Minister Martin Ferguson told Reuters in Beijing.
The gas sale agreement between ExxonMobil and PetroChina comes just weeks after ExxonMobil signed a A$10 billion (US$8.24 billion) Gorgon LNG sales deal with India's Petronet, which marked Australia's first ever LNG contract with India..."
Mexico Wants Oil Alliance with Brazil's Petrobras
"The creation of an oil "alliance between Mexico and Brazil, as well as to increase the productive capacity of both countries" was proposed Sunday by Mexico President Calderon, on an official visit to Brazil.
Earlier, President Calderon proposed checking into the creation of a free trade agreement between what he called "the two biggest and strongest Latin American economies..."
What exactly is Mexico going to contribute to this alliance?
Sevan Marine considers rigs after Sevan Driller
QIDONG, CHINA: Commissioning of Sevan Marine ultra-deepwater semisubmersible Sevan Driller is ongoing at the COSCO Qidong shipyard, and rig crew have already moved into living quarters. The company is arranging financing for a second semi and considering a third.
Delays in the shipment of equipment have caused a revision in the delivery schedule of Sevan Driller. The rig will now be delivered in the fourth quarter of 2009 and commence its first contract in the first quarter of 2010...
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