News Source: The New York Times
| about 1 month ago
Trying to acquire a foothold in the American oil patch, a Chinese company is closing in on a deal to buy stakes in a few drilling leases in the Gulf of Mexico from a Norwegian company, an executive close to the talks said. The prospective purchase...
News Source: Asian Wall Street Journal
| about 1 month ago
Norway's StatoilHydro ASA over a deal that would open the U.S. Gulf of Mexico to China's oil companies for the first time, a person familiar with the matter said. The move is significant as Cnooc's aborted $18.5 billion bid for California-based...