After earlier fumbles, Cnooc uses Wall Street tactics in Unocal bid

Article Abstract:

China National Offshore Oil Corp. has bid $18.5 billion, a rival bid to Chevron Corp. for Unocal Corp. of the United States. The petroleum company has mobilized four law firms, two public relations firms and three investment banks, using Wall Street strategy in the United States acquisitions forum. The China National Offshore Oil Corp. is 70 percent owned by the Chinese government.

United States, Acquisitions & mergers, Petroleum refining, Mergers, acquisitions and divestments, Company acquisition/merger, Company Profile, Unocal Corp., China National Offshore Oil Corp.

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Big energy companies look hungrily at U.K

Article Abstract:

Major energy firms have expressed interest in the United Kingdom's natural gas sector. The kingdom is facing a supply shortfall of natural gas. Companies are considering building pipelines or terminals in the kingdom.

United Kingdom, Strategy & planning, Facilities & equipment, Planning, Equipment and supplies, Company business planning

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Cnooc Ltd

Article Abstract:

Cnooc Ltd. announced a major natural gas discovery near Guangdong, China. The find is estimated to contain 1.5 trillion cubic feet of natural gas.

Discovery and exploration, CNOOC Ltd.

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