Cnooc Ltd., China’s biggest offshore oil and gas explorer, is considering selling its stake in Argentina’s Bridas Corp. to free up money for other projects, according to people with knowledge of the deliberations.
An icy rain is pelting about 30 protesters who’ve converged at the gate of a natural gas drilling site near Manchester, England. On the other side of a fence topped with razor wire, a 10-story-high rig is boring into shale to determine if it’s suitable for hydraulic fracturing, or fracking. The demonstrators unfurl a banner: “Fracking will poison our children.”
Hong Kong stocks rose, with a gauge of Chinese shares extending its biggest weekly gain since November. China Construction Bank Corp. gave the biggest boost to the market after beating profit estimates.
Chinese shares rose, with a gauge of mainland stocks traded in Hong Kong capping its biggest weekly gain in four months, as higher profits at automakers and banks eased concern earnings growth is slowing.
Alberta is pressing the Canadian government to allow input and give clarity on rules banning foreign takeovers in the oil sands by state-owned companies, more than a year after the restrictions were announced.