China's Sinopec International Petroleum Exploration and Production Corp. has agreed to buy Canadian oil and gas company Daylight Energy Ltd. for about $2.2 billion Canadian ($2.1 billion U.S.).
canadian oilSinopec Offers $7.22 Billion for Canadian Oil FirmNYT > Business Wed, 06/24/2009 - 06:02
The takeover of Addax Petroleum would give the Chinese company access to oil fields in Iraq and off the coast of West Africa. Canadian oil giants closer to finalizing takeoverNewsvine - business Thu, 06/04/2009 - 10:39
Petro-Canada shareholders have voted to approve the takeover of their integrated oil and gas company by Suncor Energy Inc., uniting two of Canada's biggest oil companies. |
