CNPC hal roll forming machine ts talks with Chevron on oilfield stake sale
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CNPC halts talks with Chevron on oilfield stake salePublished: 24 Mar 2009 02:22:13 PSTMar. 24, 2009 (China Knowledge) — China National Petroleum Corporation (CNPC), China’s largest integrated oil and gas company, halted talks with Chevron Corp about buying a 12.5% stake in an oilfield in the Gulf of Mexico, sources reported.Last month, Chevron, the world’s fourth largest non-governmental energy company, proposed selling a 12.5% stake in a Gulf of Mexico oil field to CNPC. However, the latter firm wanted a bigger stake, said an anonymous official at CNPC. Big Foot, the oil field in question, is located in deep water about 362 kilometers south of New Orleans. It is currently 60% owned by Chevron, 27.5% owned by Norway’s StatoilHydro ASA (STO) and 12.5% owned by Royal Dutch Shell PLC. Chevron has no further plans to sell stakes in Big Foot, said a spokesman. Reportedly, Chevron obtained exploration rights in a gas field in China’s Sichuan Province in 2007.Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina Newsuv机 リネージュ2 rmt 减速机 3d wall panels iris rmt Mutagenesis