China's Softly, Softly Energy Grab

BY TOM ORLIK

China's oil majors are notching up big purchases by steering clear of controversy.

Sinopec's $2.5 billion deal to acquire an interest in Devon Energy's shale fields, and PetroChina's $666 million purchase of Canadian oil sands from Athabasca Oil Sands, have started the year with a bang. It's all a far cry from 2005, when China National Offshore Oil Co.'s failed bid for Unocal threatened ...

BY TOM ORLIK

China's oil majors are notching up big purchases by steering clear of controversy.

Sinopec's $2.5 billion deal to acquire an interest in Devon Energy's shale fields, and PetroChina's $666 million purchase of Canadian oil sands from Athabasca Oil Sands, have started the year with a bang. It's all a far cry from 2005, when China National Offshore Oil Co.'s failed bid for Unocal threatened ...

Source: http://online.wsj.com/article/SB10001424052970203513604577140081621898026.html?mod=rss_about_china

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