China resumes Canadian shoppingDrawn by stable, low-risk environment, Yanchang Petroleum bids for Novus, with sights on ‘aggressive’ drilling, further expansion Gary Park For Petroleum News
Tight oil plays in Saskatchewan and Alberta have enticed a revival of Chinese interest in Canadian assets, with a unit of China’s fourth largest producer making a C$320 million bid for Calgary-based Novus Energy.
If completed, the deal will see the Canadian debut of Yanchang Petroleum International,....
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