Toehold

Doubts have deepened about the fate of Chinese state-controlled CNOOC Ltd.’s attempt to win a toehold in the North American oil and gas industry with a C$15.1 billion (U.S. dollar at par) takeover bid for Nexen Inc. of Calgary.

Doubts deepened over the weekend about the fate of Chinese state-controlled CNOOC Ltd.’s attempt to win a toehold in the North American oil and gas industry with a C$15.1 billion (U.S. dollar at par) takeover bid for Nexen Inc. of Calgary.

Joint ventures (JV) have given Chinese and Korean companies a toehold in U.S. shale gas plays while hardly raising an eyebrow among those who might oppose an outright corporate takeover of a U.S. energy company by such a foreign interest. However, it’s only a matter of time before such a deal happens, Deloitte LLP consultants said.

Joint ventures (JV) have given Chinese and Korean companies a toehold in U.S. shale gas plays while hardly raising an eyebrow among those who might oppose an outright corporate takeover of a U.S. energy company by such a foreign interest. However, it’s only a matter of time before such a deal happens, Deloitte LLP consultants said.

PG&E Corp. is the latest energy giant to seek a toehold inthe fast-growing Arizona merchant power plant market, gaining aninitial state approval last week, but facing up to a half-dozencounty, state and federal environmental reviews for a proposed $500million, 1,040 MW natural gas-fired plant near Phoenix.

PG&E Corp. is the latest energy giant to seek a toehold inthe fast-growing Arizona merchant power plant market, gaining aninitial state approval last week, but facing up to a half-dozencounty, state and federal environmental reviews for a proposed $500million, 1,040 MW natural gas-fired plant near Phoenix.