China and the Philippines May Develop Gas Prospect
Reuters reported that the Sampaguita natural gas prospect in the South China Sea may be developed by Philippines-based Philex Petroleum Corp. and Chinese offshore oil producer CNOOC.
Reuters reported that the Sampaguita natural gas prospect in the South China Sea may be developed by Philippines-based Philex Petroleum Corp. and Chinese offshore oil producer CNOOC.
Following a $2.2 billion deal that will see Sinopec acquire Daylight Energy, analysts believe Chinese firms may be poised for a shopping spree in Canada’s natural gas sector.
A trade mission to China led by Calgary Economic Development will wrap up on May 31 following talks over the future of Chinese investment in the Alberta oil sands.
Flagging of its interest in the black gold this week, China National Oil Corporation secured its place in Iraq. Together with BP, it signed the first big oil deal. Why the sudden interest in oil?
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