China Eyes Alberta Oil Sands Investment
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.
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?
China’s top offshore oil and gas producer CNOOC Ltd. produced 15 percent more oil and gas in the first quarter, but its total revenue dips 42 percent due to the sharp fall in crude prices. For full story, click here
Chinese main offshore crude oil firm CNOOC Ltd announced that it has commenced production from its Bozhong 28-2S oil field with 4,000 barrels of oil per day via four wells. For full story, click here
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