Sentences with phrase «chinese state oil company»

And yet by 2009, Gateway was once again a going concern and one of the backers turned out to be Sinopec, another Chinese state oil company and one of the owners of oilsands producer Syncrude Canada.

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.

We said in January a state - controlled Chinese oil company would make a bid for a large - cap Canadian energy company.

The current $ 2.2 - billion bid by Chinese state - owned Sinopec for Calgary's Daylight Energy marks the first time a Chinese company has attempted a 100 % takeover of a Canadian oil and gas producer.

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.

State owned Chinese energy companies are not pouring billions of dollars into developing Alberta's oil sands so more synthetic crude or bitumen can be sent to refineries in Cushing Oklahoma.

OTTAWA — The Harper government is buying itself some more time to deal with a political hot potato, extending a review of the controversial $ 15.1 - billion bid by a Chinese state - owned company to acquire Calgary - based oil and gas producer Nexen Inc (TSX: NXY).

The Chinese government says a vice president of the country's biggest oil company, state - owned CNPC, is being investigated for unspecified «severe violations of discipline.»

Until now, Chinese companies that made a splash in global stock markets were state - owned banks and oil...

Chinese companies are expanding abroad and acquiring assets such as state - owned CNOOC Ltd.'s $ 15.1 billion purchase this month of Canadian oil and gas producer Nexen.

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.

The Chinese are also attempting to mimic the U.S. in allowing companies other than the state - owned oil giants to begin exploring for shale gas, legally designating the resource as one that can be independently mined.

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).

For example, two highlight deals in 2016 included the Chinese Geo - Jade Petroleum purchase of Bankers Petroleum, a Canadian based company with oil state contracts and, the sale of the stake of the only airport company in Albania from Deutsche Investitions - und Entwicklungsgesellschaft (DEG), AviAlliance and the Albanian American Enterprise Funds (AAEF) to China Everbright Limited and Friedmann Pacific Asset Management.