Magazines Hydrocarbon Engineering LNG Industry
World Coal World Pipelines World Cement
Sign in | Subscribe |
Contact us | Newsletter
Sinopec has agreed to buy Daylight Energy, the intermediate oil an gas company, for C$ 2.1 billion, the deal will give Sinopec access to over 300,000 acres of land rich in oil and shale gas reserves.
Chinese buyers have been particularly active in acquiring overseas resources recently because stock prices have been depressed fundraising is difficult at the moment. Daylight's shares have lost about 55% of their value this year, compared with a 25% decline in Canada's energy sub-index
China has been particularly keen to acquire natural gas reserves as the country is looking to increase the proportion of its energy mix which is made up of natural gas as it s a much cleaner burning fuel than coal and oil.
The company has stakes in 69 oil and gas fields in northwest Alberta and northeast British Columbia and the average production level was 38,000 bpd of oil for the first quarter of 2011.
View more of the latest upstream news
View more of the latest downstream news
View more of the latest pipelines news
Palladian Publications publishes five international B2B magazines targeted specifically
at the global energy sector. Each title provides its subscribers with a unique industry
insight via a combination of news, reviews, comments, analysis, regional reports,
case studies, technical articles and more. Magazines include Oilfield Technology,
World Coal, Hydrocarbon Engineering, World Pipelines and LNG Industry.
Would you like to receive Oilfield Technology magazine for FREE?
Every issue includes technical articles, news reports, regional features and much more...
YES, send me my free magazine now »
No, I don't want to keep up-to-date with the latest upstream news