Chinese oil firms eye Talisman, Santos -report

Chinese oil firms are considering investing in Canada's Talisman Energy Inc (TLM.TO: Quote, Profile, Research) and Australia's Santos Ltd (STO.AX: Quote, Profile, Research), Hong Kong's South China Morning Post newspaper reported on Monday, citing unnamed sources.

The paper said China's No. 3 oil firm, CNOOC Ltd (0883.HK: Quote, Profile, Research), was in talks that could lead to asset sales or a complete takeover of Talisman, Canada's No. 3 oil explorer.

The newspaper also said PetroChina (0857.HK: Quote, Profile, Research)(601857.SS: Quote, Profile, Research) was considering taking a stake in Santos, Australia's No. 3 oil and gas producer.

Read Full Article from Reuters

- Posted: 2008-05-26 08:36:15

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