Sinopec Group, China’s second biggest oil and gas producer, announced it has launched its first shale gas project, expecting to produce 300 to 500 million cubic metres a year by the end of 2012, said the conglomerate on Tuesday.
Most Chinese takeovers in the resource sector do not pose a threat to national security, says the author of a new report on Chinese investment in Canada.
China Valves Technology, Inc. (NASDAQ: CVVT), a leading Chinese metal valve manufacturer, today announced that the company has signed a strategic cooperation agreement with Sinopec International Petroleum Service Corporation. Under the agreement, the company would supply various valve products for Sinopec Petroleum Service's international projects. Read more
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.