China Oil and Gas Group Ltd. is buying a private Canadian energy company for $236-million in what has become a trend in Asian buyers launching takeovers for small firms since the Harper government imposed tougher rules on deals in late 2012.
On February 4, Rosneft published consolidated IFRS financial statements for 12 months of 2013.
Crude oil and liquids production equaled 4,196 th.bpd (organic growth 1%), gas production reached a record high figure of 38.17 bcm (organic growth 22%).
Ernst & Young has compiled a report assessing the prospects of Asian oil and gas markets for the next several years. The survey looks at the removal of barriers for national companies towards globalization.