New Times Energy buys US oil and gas assets

China's New Times Energy acquires oil and gas operating firm Tiger Energy and more acreage in Utah's Uinta Basin.

New Times Energy buys US oil and gas assets

In a further sign that China’s appetite for overseas energy resources remains vigorous, New Times Energy yesterday announced that it had completed significant oil and gas acquisitions in Utah in the US. So far this year, the value of announced Chinese outbound MA in the sector totals $26.6 billion, including Cnooc’s $15.1 billion takeover of Canada’s Nexen.

New Times Energy said that it had bought an oil and gas operating firm,...

To continue reading, please login or register for free

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 ...