Takeover time ahead

THERE are no rumblings of tough times in the petroleum industry, with Brent crude hitting a nine-month high of $US119.17 a barrel at the end of last week. But Slugcatcher sees interesting times ahead as the oil majors contemplate a period of low growth.

Panic is too strong a word for the general mood in the boardrooms of Royal Dutch Shell, Chevron, ExxonMobil and BP after the big four reported less than exciting results for 2012, especially on the