© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Yantai Xinchao to Acquire Texas Oil Fields for $1.3 Billion
Posted 27th October 2015

Yantai Xinchao to Acquire Texas Oil Fields for $1.3 Billion

With China's increased interest and investment in the energy, Yantai Xinchao plan to purchase giant oil fields in Texas.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Yantai Xinchao to Acquire Texas Oil Fields for $1.3 Billion

Yantai Xinchao to Acquire Texas Oil Fields for $1.3 Billion

Image

The transaction has already been approved by the U.S. Treasury’s Committee on ForeignInvestment , it added.

 With China’s increased interest and investment in the energy, Yantai Xinchao plan to purchase giant oil fields in Texas. 

The particular oil fields in question will be purchased form Tall City Exploration LLC as well as Plymouth Petroleum LLC, Xincaho said. The transaction has also been approved by the US Treasur’s Committe on Foreign Investment.  

 

Categories: Finance


You Might Also Like
Read Full PostRead - Eye Icon
Reasons Why IT Support Is More Critical Than Ever For Today’s Businesses
News
31/10/2022Reasons Why IT Support Is More Critical Than Ever For Today’s Businesses

As digital transformation and remote work continue to gain steam, IT services remain absolutely indispensable for businesses of all types and sizes. Whether an in-house team dedicated to the maintenance and upkeep of systems or a reliable outsourced support pr

Read Full PostRead - Eye Icon
AI and ESG: Where Do They Overlap?
Corporate Social Responsibility
06/11/2023AI and ESG: Where Do They Overlap?

AI and ESG are two boardroom topics that have more in common than you might think.

Read Full PostRead - Eye Icon
Cleanroom Innovation
Innovation
10/05/2022Cleanroom Innovation

Founded in 1993 by Gernod Dittel, DITTEL Engineering GmbH has over the years grown alongside the cleanrooms market. The importance and excellence of firms such as DITTEL Engineering has been significantly highlighted during the pandemic, with the massive incre

Read Full PostRead - Eye Icon
The Rise of Sustainable Business Practices: Strategies for Balancing Profit and Purpose
News
06/06/2023The Rise of Sustainable Business Practices: Strategies for Balancing Profit and Purpose

As business owners, executives, and professionals, we must ensure that our businesses succeed while striving to be socially conscious. As a result, sustainability has become a priority for many organizations as they seek to ensure long-term success and priorit

Read Full PostRead - Eye Icon
Alamos Gold, AuRico Gold merging in $1.5 billion deal
Finance
15/04/2015Alamos Gold, AuRico Gold merging in $1.5 billion deal

Canadian gold mining companies Alamos Gold and AuRico Gold Inc. are merging in a deal valued at approximately $1.5 billion.

Read Full PostRead - Eye Icon
Delivering Quality on a Global Basis
Legal
01/03/2018Delivering Quality on a Global Basis

Giambrone is an international law firm with offices in London, Barcelona, Glasgow, Mallorca, Milan, Munich, Palermo, Rome, Sardinia, and Tunis.

Read Full PostRead - Eye Icon
NEOS Networks bolsters leadership team, making strategic hires in key growth sectors to further support the UK’s connectivity ambitions
Innovation
02/12/2019NEOS Networks bolsters leadership team, making strategic hires in key growth sectors to further support the UK’s connectivity ambitions

New hires form part of wider management restructure at UK telco, which is undergoing period of sustained growth and driving forward innovative connectivity projects.

Read Full PostRead - Eye Icon
Cloud-Based Management Systems Designed to Inspire and Empower
Innovation
07/08/2024Cloud-Based Management Systems Designed to Inspire and Empower

Enabling organisations through its suite of pioneering management systems, IQMS Australasia, offers a highly refreshing approach when it comes to management solutions.

Read Full PostRead - Eye Icon
Ethical Leadership: The Cornerstone of Trust in Managerial Roles
News
18/03/2024Ethical Leadership: The Cornerstone of Trust in Managerial Roles

Nowadays, ethical leadership has become more than simply a catchphrase; it is the cornerstone around which any organizational structure is based. Prioritizing moral behavior and judgment as a manager has a snowball effect that improves team relationships, upho



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow