Joining The Big League

BMI View: China's oil companies dominated the headlines at the start of the week with two major deals - CNC's US$15bn takeover bid for Canadian producer Nexen and Sinopec's US$1.5bn joint venture with Talisman in the UK North Sea. We believe that the industry can expect more such deals to follow as Chinese companies seek to expand not just their presence but influence in world oil markets.

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