China and the Philippines May Develop Gas Prospect
Reuters reported that the Sampaguita natural gas prospect in the South China Sea may be developed by Philippines-based Philex Petroleum Corp. and Chinese offshore oil producer CNOOC.
Reuters reported that the Sampaguita natural gas prospect in the South China Sea may be developed by Philippines-based Philex Petroleum Corp. and Chinese offshore oil producer CNOOC.
Following a $2.2 billion deal that will see Sinopec acquire Daylight Energy, analysts believe Chinese firms may be poised for a shopping spree in Canada’s natural gas sector.
Chinese energy firm Cnooc confirmed a major natural gas discovery in the South China Sea on Monday. For more information, click here
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