Uncle Sam's CNOOC dilemma

Chinese oil company makes trump bid for Unocal. But will the US block it as it did with Hutch bid for Global Crossing?

If at first you don't succeed, bid again. That seems to be the motto of CNOOC, the Chinese oil major that has just launched a fresh bid for Unocal of the US. Indeed, it did so yesterday after weeks of speculation much of which centred on divisions within CNOOC's board of directors as to whether the bid made sense.

After commissioning an independent assessment from NM Rothschild, the CNOOC board voted to up...

To continue reading, please login or register for free

Click for more on: uncle | sams | cnooc | dilemma

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...