Interesting bits below..
http://www.platts.com/latest-news/n...nooc-open-to-acquisitions-but-treads-26530535
China's CNOOC open to acquisitions, but treads cautiously after Nexen
Hong Kong (Platts)--25 Aug 2016 824 am EDT/1224 GMT
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China's top offshore oil and gas producer CNOOC said Wednesday that it was scouting around for potential acquisition opportunities, although a climate of low oil prices was making it difficult to agree on price and close deals.
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"We are still looking for good M&A opportunities globally, but we will be more cautious after Nexen," joint company secretary Li Jiewen told S&P Global Platts on the sidelines, while the company announced its half-yearly results. "It is still hard for asset buyers and sellers to agree to a deal price currently."
Interesting bits below.....
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