There is a rich ecosystem of dealmakers in the oil and gas business. It is an industry with political risk, execution risk, geological risk, and a commodity asset that — once out of the ground — is as good as cash. This haze of uncertainty is perfect for dealmaking. Relatedly, the oil and gas industry is not an easy one. Oil and gas are distributed more or less randomly around the planet. So any given deposit is probably going to be somewhere remote and somewhere controlled by a moderately corrupt government.  Finding the oil is hard enough, but the logistics…

Want to continue reading?

Unlock full access to The Currency and The Wall Street Journal with an Annual membership and receive a free Samsonite suitcase – worth €235 delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .