East-West Energy Chronicle

China is hurrying to establish a stronger position in the petroleum sector
The attempt of CNOOC to acquire Unocal shows the extent to which China is prepared to go to secure its own energy sources. The attempt raises questions about the financial and commercial capacities of this company. Banking experts point out that these are not [...]

The End of the Age of Oil
The author, Ilyas Aqila, discusses alternative forms of energy at a time of dwindling conventional oil reserves. He describes several scenarios, including changes in the Western lifestyle, and also the growing competition America faces for natural resources, in which context Aqila mentions China’s serious desire for greater involvement in [...]

Shell exploits the Canadian oilsands in order to replace oil reserves: The project will cost approximately $5 billion
A report about the closing of a contract between Shell and the Province of Alberta concerning a 7-year project for oil production from the tar sands. The project is estimated to cost approximately $5 billion; the productions of [...]

The oilsands promise to be gigantic energy source
In the next few weeks, North American and Asian oil companies are going to be making some very weighty decisions: whether Canada will move up into the ranks of the leading oil producers, whether the US can increase its oil independence [from the Middle East] and whether China [...]

Chinese Company invests in Canadian oilsands
Through a Belgian subsidiary CNOOC has taken a 16.69% stake in MEG Energy Corp (Calgary) for $150 million. The high price of oil motivated the Chinese to this purchase.
Suggested by Christian Syzska (Germany)

al-Jazeera.net, the Internet newspaper of the renowned TV-broadcaster from Doha, Qatar
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