Filed under: Uncategorized | Tags: Alberta, Canada, China, ECA, Encana, energy, energy security, PetroChina
PetroChina Co. (857) agreed to pay Encana Corp. (ECA) C$1.18 billion ($1.2 billion) for a 49.9 percent stake in an Alberta shale formation as Asia’s biggest oil producer steps up acquisitions of overseas oil and gas assets.
Filed under: Uncategorized | Tags: China, CNOOC, energy independence, energy security, Nexen, peak oil, tar sands
BEIJING- The chairman of China’s CNOOC Ltd. said Friday that he was confident that the state-controlled oil giant’s proposed $15.1 billion buyout of Canada’s Nexen Inc. would be completed by the end of the year.
Filed under: Uncategorized | Tags: Chesapeake, Chesapeake Energy, China, energy, energy independence, energy security, Natural gas, shale gas, shale oil, Sinopec Fu Chengyu, tight gas
All part of America’s new ‘energy security.’
Fu Chengyu, chairman of Sinopec Corp, was in Oklahoma last week to explore the possibility of a bid for a shale gas project, which is owned by Chesapeake Energy, the second largest shale gas producer in the US, Reuters reported.