Denver Post
Houston-based Carrizo Oil & Gas has announced a new $27.5 million joint venture in the Niobrara Basin with the Chinese company, Haimo Oil & Gas. Under the agreement, Haimo will acquire an undivided interest in approximately 6,000 net acres located...
China News
Chinese automaker Great Wall Motors said on Friday that its net profit in the first three quarters increased 47.82 percent year-on-year to 3.87 billion yuan ($615 million). The Shanghai and Hong Kong-listed automaker also said that its revenue of 29.
Chinadaily
Lanzhou Haimo Technologies Co said on Friday that its subsidiary Haimo Oil & Gas LLC will buy a 14.29-percent stake in Houston-based Carrizo Oil & Gas's Niobrara shale oil and gas assets in Colorado for $27.5 million. Under the agreement signed...
Chinadaily
Third-quarter revenues for Chinese search engine operators reached 8.1 billion yuan ($1.28 billion), up 51 percent from a year earlier, a report said Thursday. The sector's third-quarter revenues also represented a 16.2-percent increase from the...
Chinadaily
China's expenditure on scientific research and development reached a record high level in 2011, according to official data released Thursday. China's expenditure on R&D totaled 868.7 billion yuan ($139.2 billion) in 2011, up 23 percent year-on-year ,...