Monday, August 6, 2012

China corners Canadian energy assets

Bullish CNOOC offers US$15.1 billion to takeover Nexen, but still faces federal foreign investment and competition reviews

Gary Park

For Petroleum News

China?s hungry stable of state-owned oil and natural gas companies made a meal July 23 out of global assets held by two-Calgary based companies for a combined US$16.6 billion. Sinopec struck a deal to acquire 49 percent of Talisman Energy?s United Kingdom division for US$1.5 billion, normally a head....

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?We are in Canada to invest?

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