A corruption probe in China which is looking into PetroChina’s operations in the oil sands is now looking into the activities of a fourth company executive The probe which began by just looking at PetroChina, is now looking at other oil companies including Brion Energy Corp., China National Petroleum Corp. This is particularly troubling to […]
China’s not gushing about Canada’s oil patch
About two years ago people across Canada voiced their concerns about China’s involvement in Alberta’s oil patch. Instead of cashing in a Financial Post (FP) report says “some of the major acquisitions are looking messy to hopeless.” Rather than cash flowing into Chinese investors pockets, they seem more content with cutting costs. As a result […]