When Total’s chief Christophe de Margerie launched a “high risk, high reward” oil exploration strategy two years ago, he was betting he could hit a bonanza, where his rivals had failed.. Now it appears the French oil company is following the industry trend of making smaller and fewer finds. This despite the fact global investments […]
Financial troubles for Northern Lights oil sands lease
The Canadian arm of China Petrochemical Corp. may shelve work on its Northern Lights oil sands lease or sell the property entirely, as Chinese companies begin to rethink future investment prospects in Alberta. Sinopec, could delay efforts to develop the property or seek to sell its interest in the lease entirely as it consolidates its […]