Column: Commodities
CNOOC dips its toes into the Gulf of Mexico
November 4, 2009: After all the years of bitterness and hurt, CNOOC (China National Offshore Oil Corporation) has returned to the United States.
After all the years of trauma and hurt, CNOOC (China National Offshore Oil Corporation) has returned to the United States.
You'll remember back in 2005, when the Chinese state-owned oil company launched an ambitious $18.5 billion bid for Unocal, the El Segundo-based oil major.
Despite being hugely confident, the bid ended in disaster after it stirred America's delicate and protectionist sensibilities. The Chinese company even promised that it didn't want any of Un...
You'll remember back in 2005, when the Chinese state-owned oil company launched an ambitious $18.5 billion bid for Unocal, the El Segundo-based oil major.
Despite being hugely confident, the bid ended in disaster after it stirred America's delicate and protectionist sensibilities. The Chinese company even promised that it didn't want any of Un...
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