Showing posts with label Canadian and US governments. Show all posts
Showing posts with label Canadian and US governments. Show all posts

Monday, August 6, 2012

China National Offshore Oil Corp-Nexen deal to help South China sea thrust

WASHINGTON: The $15 billion bid by China National Offshore Oil Corp (CNOOC) to buy Canada's Nexen, Inc will help the Chinese state giant gain the expertise to drill in deep, disputed waters of the South China Sea without relying on risk-averse foreign firms.