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China needs West's energy know-how, not resources
November 16, 2012 | Reuters | Christopher Swan.

A change in tactic could smooth China's path. The country has plenty of its own hydrocarbons and lacks only the know-how to extract them. In fact, at about 36 trillion cubic metres, China's shale gas reserves are estimated by the U.S. government to be 50 per cent larger than those of the United States. Acquiring services and technology companies would help increase domestic output.

Targeting a giant like Halliburton might stir the same sort of resistance China experiences now. There are, however, plenty of smaller rivals that probably wouldn't.
China  CNOOC  Halliburton  mergers_&_acquisitions  M&A  nationalism  shale_oil  hydraulic_fracturing  backlash  protectionism  economic_nationalism  knowledge 
december 2012 by jerryking
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