Sentences with phrase «chinese national oil companies»

British Columbia taxpayers are now subsidizing massive water allocations, road construction and basic scientific research for uneconomic shale gas development by multinational and Chinese national oil companies.

A similar bid by Chinese national oil company CNOOC in 2012 for Canadian oilsands company Nexen was successful but was controversial.

Not exact matches

Since then, it's been more timid than the two other Chinese state - owned oil companies, Sinopec and China National Petroleum Corp. (parent company of PetroChina) investing in North America.

Beyond the actual gas project and LNG sales, China's state - run shipping conglomerate COSCO has also secured a 50 percent stake in the four LNG shipping carriers serving Yamal.90 Chinese engineers and workers have been deployed to the Yamal Peninsula to help construct surrounding infrastructure, which includes a Chinese - produced polar drilling rig.91 Moreover, a Chinese oil and gas rig producer now provides Russia with about 60 percent of its imported oil rig supplies, indicating that China is becoming a dominant player in this sphere.92 Chinese media recently hailed Yamal as an example of China's construction and engineering prowess and a symbol of its transformation into an Arctic player.93 In return for China stepping into support the project, senior officials from Novatek, the main shareholder of the project, announced that the first LNG shipment would symbolically go to China.94 But a British subsidiary of Malaysia's Petronas purchased the first shipment of Yamal LNG and sold it to France's Engie, which then shipped the cargo to its Boston import facility for American use.95 Western sanctions on Novatek, Russia's largest independent national gas producer and a company with close ties to the Kremlin, made Yamal's pivot to China possible, as sanctions forced Russia to find an alternative source of investment and technology.

In a bid to develop expertise and cut the expense Chinese state - owned oil companies, such as Sinopec and China National Offshore Oil Corp., have begun to invest in U.S. shale gas developmeoil companies, such as Sinopec and China National Offshore Oil Corp., have begun to invest in U.S. shale gas developmeOil Corp., have begun to invest in U.S. shale gas development.

Eversheds Sutherland and Herbert Smith Freehills (HSF) have advised two Chinese energy companies on their combined $ 2.6 bn (# 2.1 bn) investment in a joint venture with state - owned Abu Dhabi National Oil Company (ADNOC).

That was certainly the case with the controversial takeover of Calgary - based petroleum giant Nexen by the Chinese National Offshore Oil Company in the face of troubling allegations that CNOOC had possibly been implicated in human rights violations in Tibet and Burma.