• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 14 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 1 day Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 2 days Biden Sets Target Of 50% EV Share In U.S. Car Sales In 2030
  • 21 hours US intel warns China could dominate advanced technologies By NOMAAN MERCHANT October 22, 2021
  • 2 days "The Hidden Story About California's Container Ship Backlog" via Corbett Report
  • 7 hours NordStream2
  • 1 day Storage of gas cylinders
The Days Of Cheap Solar Are Fading Fast

The Days Of Cheap Solar Are Fading Fast

The cost of going green…

Refiners Suffer From Record High Natural Gas Prices

Refiners Suffer From Record High Natural Gas Prices

Despite strong product demand, oil…

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



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News