• 3 hours India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 8 hours Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 12 hours Russia, Saudis Team Up To Boost Fracking Tech
  • 18 hours Conflicting News Spurs Doubt On Aramco IPO
  • 19 hours Exxon Starts Production At New Refinery In Texas
  • 20 hours Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 2 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 2 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 2 days China To Take 5% Of Rosneft’s Output In New Deal
  • 2 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 2 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 2 days VW Fails To Secure Critical Commodity For EVs
  • 2 days Enbridge Pipeline Expansion Finally Approved
  • 2 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 2 days OPEC Oil Deal Compliance Falls To 86%
  • 2 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 3 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 3 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 3 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 3 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 3 days Aramco Says No Plans To Shelve IPO
  • 5 days Trump Passes Iran Nuclear Deal Back to Congress
  • 5 days Texas Shutters More Coal-Fired Plants
  • 6 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 6 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 6 days Chevron Quits Australian Deepwater Oil Exploration
  • 6 days Europe Braces For End Of Iran Nuclear Deal
  • 6 days Renewable Energy Startup Powering Native American Protest Camp
  • 6 days Husky Energy Set To Restart Pipeline
  • 7 days Russia, Morocco Sign String Of Energy And Military Deals
  • 7 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 7 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 7 days India Needs Help To Boost Oil Production
  • 7 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 7 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 7 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 7 days District Judge Rules Dakota Access Can Continue Operating
  • 8 days Surprise Oil Inventory Build Shocks Markets
  • 8 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
  • 8 days Syria’s Kurds Aim To Control Oil-Rich Areas
Who’s Winning The Electric Vehicle Race?

Who’s Winning The Electric Vehicle Race?

Automakers and suppliers of automotive…

China Takes Aim At The Petrodollar

China Takes Aim At The Petrodollar

In a potentially disrupting move…

China’s Sinochem Interested in Investing in Alberta

Looking beyond Alberta’s rich deposits of oil sands, China’s state-owned Sinochem Group energy giant is looking to invest in the province’s rich oil and natural gas sector.

Sinochem Group is China’s fourth largest energy firm.

Sinochem Group assistant president Li Pilong, attending the Canada-Asia Energy Cooperation Conference in Calgary stated that Sinochem Group is “more focused” on conventional oil and natural gas, as opposed to oil sands, commenting, “I have a plan to visit a number of oil companies to see whether or not we can work together for a kind of co-operation in the energy field. At this time it’s for general purposes and to explore the potentials where our two countries can work together,” The Calgary Herald reported.

Other Asian firms are concentrating on Alberta’s oil sand resources. Two months ago China National Offshore Oil Corp. agreed to purchase struggling oil sands developer Opti Canada Inc. for $2.1 billion.

Thailand’s PTTEP Canada Ltd., which owns 40 percent of Norway’s Statoil’s Kai Kos Dehseh oilsands project and is majority owned by the Thailand government, is seeking to expand its presence in the province. PTTEP Canada Ltd. senior vice-president Yothin Tongpenyai said, “We are open to opportunities both in conventional and unconventional resources, including shale gas, tight gas, coal bed methane, oil sands, oil shale ... and other interesting oil and gas resources.”

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Comments currently closed.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News