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China's conservative O&G growth agenda

WITH all the spin about energy independence, one can be forgiven for believing the world is awash with oil. But China's largest offshore oil company CNOOC's latest numbers paint a more sobering and perhaps real picture. <b>By Gomati Jagadeesan</b>

CNOOC yesterday laid out its oil and gas output growth target for this year at 2%, which was well below the five-year average growth target and underscored the need for increased overseas acquisitions...

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