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Article: China--Unocal and Royal Dutch/Shell are dropping out of a big natural gas project in the East China Sea with China National Offshore Oil Corp. (CNOOC) and Sinopec, because they reckon it will not be commercially viable.(Countries)(Brief Article)
- Article from:
- Petroleum Intelligence Weekly
- Article date:
- October 4, 2004
CopyrightCOPYRIGHT 2004 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHINA -- Unocal and Royal Dutch/Shell are dropping out of a big natural gas project in the East China Sea with China National Offshore Oil Corp. (CNOOC) and Sinopec, because they reckon it will not be commercially viable. Their exit follows the recent decision by PetroChina to dump Exxon Mobil, Shell and Russia's Gazprom as partners in the $18 billion West-East gas pipeline venture (PIW Aug.9,p3). Shell and Unocal, with 20% each, had five contracts to develop and market gas from the Xihu Trough, with partners CNOOC and Sinopec each holding 30% stakes. Having signed up in August 2003, ...
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Article: Chinese, foreign petroleum giants sign contracts for East ...
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August 20, 2003 ;
467 words
... ... announced a deal with Royal Dutch Petroleum Co ... and gas in the East China Sea. State-owned ... energy market in East China makes it an attractive ... the resource rich East China Sea have lagged ... unocal.com Royal Dutch Petroleum: http ...
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