Consumer Energy Report is now Energy Trends Insider -- Read More »

Posts tagged “Total”

By Robert Rapier on Jul 22, 2009 with no responses

China Tightens Grip on Africa’s Energy Resources with Stake in Offshore Field

Today a topical post the latest from Money Morning, which as I previously explained will be featured here whenever they have relevant material to offer. As always, normal caveats apply: I am not an investment advisor. I don’t endorse any specific stocks mentioned in the following story nor the ad at the end of the story. ————————–China Tightens Grip on Africa’s Energy Resources with Stake in Offshore Field By Jason Simpkins Managing EditorMoney Morning CNOOC Ltd. (NYSE ADR: CEO) and Sinopec Corp. (NYSE ADR: SHI) have agreed to buy a 20% stake in an oil field off the shore of Angola for $1.3 billion, illustrating China’s persistent attempts to acquire resources for its economic expansion at a time of weakness… Continue»