BP enters Alberta boom with $5.5 billion deal

Article Abstract:

Canada's Husky Energy Inc. and UK oil firm BP PLC have agreed to an investment strategy and investment swap via a 50-50 joint venture. The deal involves a $5.5 bil investment during the next seven years, and represents BP's entry into Canadian oil sands. Husky in turn will have access to BP's refinery in Toledo, Ohio.

Financial management, Natural gas liquids, Oil & Gas Extraction, Oil and Gas Extraction, United Kingdom, Canada, Company investment, Investments, Gas industry, BP PLC, Husky Energy Inc., Petroleum and gas industry software

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Standoff on Kazakh oil field: talks stall on fines firms should pay for project delays

Article Abstract:

Kazakhstan seeks compensation from international petroleum consortium over delays in oil project development. Article discusses the project's future and relations between governments and foreign petroleum investors.

Forecasts, trends, outlooks, Production management, Kazakhstan, Government Regulation, Interpretation and construction, Forecasts and trends, Negotiation, mediation and arbitration, Market trend/market analysis, Business-government relations, Oil well development, Petroleum law

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China approves feasibility study for oil venture

Article Abstract:

Sinopec Corp. and Royal Dutch/Shell Group are conducting a feasibility study for a possible retail oil joint venture in Jiangsu province, China. The Chinese government has approved the study.

China, Royal Dutch-Shell PLC, SINOPEC Company Ltd.

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