Oil deal breaks ice between Norway and China

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China reacted with anger to the Oslo-based Nobel Committee’s decision to honor Liu Xiaobo, calling them “clowns” and threatening countries with unspecified “consequences” if they did not stay away from the ceremony. When Liu – who was jailed in December 2009 for 11 years on subversion charges – was named the peace prize winner two months ago, Beijing had warned Norway the decision would harm ties between the two countries.

Despite the row between Beijing and Oslo, trade ties appear to be intact as a Chinese oil firm signed a deal with Norway’s Statoil. China Oilfield Services, a unit of the country’s biggest offshore oil firm, announced its European subsidiary had won the five-year drilling contract in the North Sea last Friday – the same day as the Nobel prize ceremony in Oslo.

COSL Drilling Europe will deploy a semi-submersible drilling rig to the Norwegian continental shelf where it will conduct production and exploration drilling from mid-2011, said China Oilfield Services — the Hong Kong-listed unit of China National Offshore Oil Corp (CNOOC). Financial details of the agreement were not released.

north sea oil rig china
The inhospitable North Sea, or as China calls its, home


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Holte Ender

Holte Ender will always try to see your point of view, but sometimes it is hard to stick his head that far up his @$$.
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Bill17
12 years ago

Thanks a lot.

13 years ago

Alright, Chinese and Norwegian vehicles , here we come! Sure beats American ones, even if they haven’t been invented yet!

13 years ago

Oil is the name of the game. China is the Big Player. Destined to be ever bigger…..

13 years ago

I think China and Norway have adopted a very noble attitude.
Money first, principles second.

Just like every other country.

Speaking of which, is it legal to buy Cuban cigars in the USA yet?

Or are they still labelled as “Made in Dominican Republic”

13 years ago

[…] This post was mentioned on Twitter by Holte Ender, Michael Scott. Michael Scott said: RT @madmike1 Oil deal breaks ice between Norway and China http://bit.ly/eGakzF […]

Admin
13 years ago

The Chinese are coming…and coming…and coming. Beware.

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