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Shell, PetroChina Win Arrow With Sweetened $3.2 Billion Offe

Bloomberg -- Royal Dutch Shell Plc and PetroChina Co. agreed to buy Arrow Energy Ltd. after increasing their offer to A$3.5 billion ($3.2 billion), marking China’s entry to Australia’s coal-seam gas industry.

Shell and PetroChina will pay A$4.70 cash a share for Arrow’s Australian business, the Brisbane-based company said today. The price was raised from A$4.45 and is 35 percent above the stock’s level before the initial bid was reported March 8. Investors will also get shares in a new company holding Arrow’s gas assets in China, Indonesia, India and Vietnam, which may be worth as much as A$400 million, according to analysts.

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Submitted Mar 22, 2010 By: ziyulu

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janctx Champion Author Lubbock Posts:2,649 Points:858,335 Joined:Nov 2007	Message Posted: Mar 22, 2010 1:46:53 PM Ignore janctx Report Abuse and this helps us how?
badbonita Champion Author Syracuse Posts:1,213 Points:377,445 Joined:Jul 2008	Message Posted: Mar 22, 2010 1:11:07 PM Ignore badbonita Report Abuse Shorter tanker trip for delivery to China.
cpl11787 All-Star Author Minnesota Posts:630 Points:123,275 Joined:Jan 2010	Message Posted: Mar 22, 2010 1:08:01 PM Ignore cpl11787 Report Abuse ok, what about us.
Don20 Champion Author Oklahoma City Posts:4,750 Points:1,648,800 Joined:Mar 2005	Message Posted: Mar 22, 2010 10:32:29 AM Ignore Don20 Report Abuse This is about the same article as one above...
Wolfwings Champion Author Delaware Posts:3,932 Points:819,530 Joined:May 2004	Message Posted: Mar 22, 2010 10:31:21 AM Ignore Wolfwings Report Abuse Good for Australia, but how does this affect prices here?
kyrunner Champion Author Lexington Posts:3,936 Points:726,685 Joined:Aug 2008	Message Posted: Mar 22, 2010 10:26:08 AM Ignore kyrunner Report Abuse Good for China, bad for the world.
goodbuy Champion Author Michigan Posts:3,163 Points:537,560 Joined:May 2005	Message Posted: Mar 22, 2010 10:19:22 AM Ignore goodbuy Report Abuse China is winning the economic war. Keep buying and helping them.
turbodog Champion Author Mississippi Posts:1,823 Points:391,150 Joined:Feb 2009	Message Posted: Mar 22, 2010 10:16:34 AM Ignore turbodog Report Abuse Shell and Chinopet are good investments.
mackconsult Champion Author Portland Posts:1,275 Points:270,585 Joined:Jan 2009	Message Posted: Mar 22, 2010 10:15:43 AM Ignore mackconsult Report Abuse Swindling for dominance ....
mmene Champion Author Houston Posts:2,580 Points:587,420 Joined:May 2008	Message Posted: Mar 22, 2010 10:14:49 AM Ignore mmene Report Abuse Helms - sigh, I wish that was a joke.
Lizzylou Champion Author Stockton Posts:4,535 Points:1,504,700 Joined:Oct 2005	Message Posted: Mar 22, 2010 10:12:50 AM Ignore Lizzylou Report Abuse AGREE! China moving up on the economic ladder!
BlueVanGroup Champion Author Colorado Posts:2,270 Points:577,385 Joined:May 2008	Message Posted: Mar 22, 2010 10:10:56 AM Ignore BlueVanGroup Report Abuse China is looking forward and securing its future energy needs. The U.S. is looking backward and musing, "We had such a nice, low 'carbon footprint' before that icky industrial revolution..."
goalie1950 Champion Author Phoenix Posts:1,625 Points:326,400 Joined:Oct 2009	Message Posted: Mar 22, 2010 10:10:37 AM Ignore goalie1950 Report Abuse China's increasing demand for energy will continue to impact the pricing in world marketplaces particularly for oil.
tobasco Champion Author Los Angeles Posts:5,614 Points:1,356,200 Joined:Mar 2004	Message Posted: Mar 22, 2010 10:09:46 AM Ignore tobasco Report Abuse Increase supply.
Helms Champion Author Fort Worth Posts:4,254 Points:1,227,750 Joined:Jun 2005	Message Posted: Mar 22, 2010 10:09:45 AM Ignore Helms Report Abuse yes but we're beatign them at their own game...by jumping on the socialist bandwagon while they flirt with that evil and fleeting capitalist experiment
egd Champion Author Twin Cities Posts:4,065 Points:1,334,710 Joined:Mar 2005	Message Posted: Mar 22, 2010 10:09:26 AM Ignore egd Report Abuse big oil is buying
DustyHorse Champion Author Virginia Posts:1,552 Points:509,865 Joined:Oct 2008	Message Posted: Mar 22, 2010 10:07:52 AM Ignore DustyHorse Report Abuse Shell and PetroChina working together that is interesting.
MikLamb Champion Author Texas Posts:3,068 Points:1,203,140 Joined:Jun 2006	Message Posted: Mar 22, 2010 10:07:40 AM Ignore MikLamb Report Abuse China is flush with money burning a hole in their pockets.
sleepyt Champion Author Chicago Posts:1,405 Points:420,265 Joined:Mar 2008	Message Posted: Mar 22, 2010 10:06:23 AM Ignore sleepyt Report Abuse China is behaving rationally, exactly as we did when our economy was rapidly expanding, some sixty years ago.
VTROCK Champion Author Detroit Posts:1,987 Points:426,780 Joined:Sep 2008	Message Posted: Mar 22, 2010 10:03:33 AM Ignore VTROCK Report Abuse Send that fuel supply to China.
Texrider49 All-Star Author New Haven Posts:648 Points:215,520 Joined:Dec 2007	Message Posted: Mar 22, 2010 10:03:11 AM Ignore Texrider49 Report Abuse but what will that do to our fuel prices
206awd250 Champion Author Seattle Posts:1,253 Points:429,665 Joined:Nov 2008	Message Posted: Mar 22, 2010 10:03:09 AM Ignore 206awd250 Report Abuse China needs resources.
rtw777 Champion Author Florida Posts:4,419 Points:865,925 Joined:Jan 2008	Message Posted: Mar 22, 2010 10:03:07 AM Ignore rtw777 Report Abuse China wants a hand in everything everywhere.
PaylessKY Champion Author Kentucky Posts:3,595 Points:666,330 Joined:Oct 2008	Message Posted: Mar 22, 2010 10:02:51 AM Ignore PaylessKY Report Abuse What will thei cost the consumer?
TFowler513 Champion Author Memphis Posts:2,377 Points:589,535 Joined:Mar 2008	Message Posted: Mar 22, 2010 10:02:06 AM Ignore TFowler513 Report Abuse The US is being crushed and it's our own greedy fault!!!
Beboper Champion Author Virginia Posts:3,777 Points:1,187,385 Joined:Oct 2005	Message Posted: Mar 22, 2010 10:00:33 AM Ignore Beboper Report Abuse that sounds just great right
RoadhogMA Champion Author Boston Posts:2,089 Points:476,625 Joined:Dec 2008	Message Posted: Mar 22, 2010 9:56:01 AM Ignore RoadhogMA Report Abuse Time will tell
condé Champion Author Michigan Posts:1,401 Points:1,317,980 Joined:Oct 2004	Message Posted: Mar 22, 2010 9:54:21 AM Ignore condé Report Abuse Just great......!
CISA Champion Author Orange County Posts:2,119 Points:678,220 Joined:Dec 2006	Message Posted: Mar 22, 2010 9:52:32 AM Ignore CISA Report Abuse Aussie dollar to crush US dollar as out debt comes due. Also, Australia privatized social security 20 yrs ago and is now seeing the benefit (ie, no taxpayer outlays for social security).
Sam195 Champion Author San Bernardino Posts:3,225 Points:620,325 Joined:Oct 2008	Message Posted: Mar 22, 2010 9:51:42 AM Ignore Sam195 Report Abuse The Chinese have to do something with all of their money.
Doubleeez Champion Author Connecticut Posts:2,752 Points:547,465 Joined:Sep 2005	Message Posted: Mar 22, 2010 9:51:31 AM Ignore Doubleeez Report Abuse China is well on their way to becoming number 1 in world economic dominance.
rfe330 All-Star Author Winston-Salem Posts:700 Points:229,275 Joined:Nov 2008	Message Posted: Mar 22, 2010 9:49:27 AM Ignore rfe330 Report Abuse The US is China's Golden Goose.
beachbumCA Champion Author Riverside Posts:4,069 Points:767,500 Joined:May 2008	Message Posted: Mar 22, 2010 9:42:31 AM Ignore beachbumCA Report Abuse China does rule the world. Those with gold makes the rules. We are in a race to be a third world county. Just wait till China cuts off our credit.
cudatim Champion Author San Antonio Posts:1,810 Points:785,860 Joined:Jan 2007	Message Posted: Mar 22, 2010 9:39:46 AM Ignore cudatim Report Abuse That's the US money China is using.
vizilo Champion Author British Columbia Posts:1,946 Points:1,837,570 Joined:May 2004	Message Posted: Mar 22, 2010 9:39:15 AM Ignore vizilo Report Abuse The Chinese are smart business people
BillHeatherL Champion Author Alberta Posts:2,782 Points:984,085 Joined:Apr 2007	Message Posted: Mar 22, 2010 9:37:31 AM Ignore BillHeatherL Report Abuse china wants to rule the world
smoketown Champion Author Cincinnati Posts:2,880 Points:597,260 Joined:Feb 2008	Message Posted: Mar 22, 2010 9:37:22 AM Ignore smoketown Report Abuse Got to spend it, burning a hole in there pockets..........
packards42 Champion Author Washington Posts:1,682 Points:306,280 Joined:Feb 2005	Message Posted: Mar 22, 2010 9:37:15 AM Ignore packards42 Report Abuse working at Walmart and selling Chinese products. I wonder what shell up to partnering with the Chinese, their biggest future competitor, or is that the answer. Joint them rather than fight them.
SpruceGuse2 Champion Author Michigan Posts:4,893 Points:1,492,690 Joined:Mar 2006	Message Posted: Mar 22, 2010 9:36:09 AM Ignore SpruceGuse2 Report Abuse And to think China just came back from their communist ways with in the last ten years. Just think how dominant they would be if they had not tried their 50+ years of communism.
BazooQC Champion Author Montreal Posts:4,766 Points:679,405 Joined:Oct 2008	Message Posted: Mar 22, 2010 9:35:20 AM Ignore BazooQC Report Abuse Here comes China into every major business we had. Soon we will work for minimum wage like Wal-Mart ...
Hunter114 Champion Author Chicago Posts:3,004 Points:492,370 Joined:Apr 2009	Message Posted: Mar 22, 2010 9:32:48 AM Ignore Hunter114 Report Abuse It seems with each passing day, the Chinese are becoming more capitalist. They have to in order to survive with their population.
jellyfishgirl All-Star Author Milwaukee Posts:981 Points:237,680 Joined:Apr 2008	Message Posted: Mar 22, 2010 9:31:50 AM Ignore jellyfishgirl Report Abuse And another step until China has global dominance...
JCUBE Champion Author Michigan Posts:3,561 Points:950,100 Joined:Aug 2003	Message Posted: Mar 22, 2010 9:31:35 AM Ignore JCUBE Report Abuse Why do we continue to do business with the Chinese? Let them tend their laundries.
Rick52 Champion Author Milwaukee Posts:6,260 Points:280,105 Joined:Mar 2005	Message Posted: Mar 22, 2010 9:30:59 AM Ignore Rick52 Report Abuse So first we have China Junk.....And now we will have China OIL.....
Jizme Champion Author Lincoln Posts:4,933 Points:1,932,090 Joined:Oct 2004	Message Posted: Mar 22, 2010 9:29:52 AM Ignore Jizme Report Abuse Like I said, soon China will own everything.
esorsd Champion Author St. Louis Posts:1,092 Points:693,025 Joined:May 2005	Message Posted: Mar 22, 2010 9:28:32 AM Ignore esorsd Report Abuse China enters another market...
AC-302 Champion Author Los Angeles Posts:14,877 Points:1,947,685 Joined:Aug 2004	Message Posted: Mar 22, 2010 9:28:10 AM Ignore AC-302 Report Abuse Are Shell and PetroChina trying to assert a position in LNG?
captngasTN Champion Author Tennessee Posts:1,738 Points:428,900 Joined:Jun 2009	Message Posted: Mar 22, 2010 9:27:07 AM Ignore captngasTN Report Abuse just trying to protect their own interests
txyankee Champion Author Milwaukee Posts:7,350 Points:1,311,795 Joined:Sep 2005	Message Posted: Mar 22, 2010 9:26:45 AM Ignore txyankee Report Abuse soon we will be using yen instead of a dollar...
Retowered Champion Author Colorado Posts:4,143 Points:1,725,695 Joined:May 2004	Message Posted: Mar 22, 2010 9:26:37 AM Ignore Retowered Report Abuse Be very wary of the china.