Koreans stun Canadian oil patch
State-run KNOC offers premium for Harvest Energy Trust holdings in search for energy security; bolsters chances of new sands market
For Petroleum News
South Korea’s state-run Korea National Oil Corp. has taken a headlong plunge into Canada’s energy sector in a highly complex move that is causing widespread head scratching within the industry.
The move came amid reports that KNOC was still seething over its failure earlier this year to outwit and o....
[additional news subjects in this story]
Analyst doesn’t expect competition
Foreign takeovers a trend
Shoring up energy security
Increased production the goal
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