China's oil producers are using their deep pockets to continue a buying spree that saw $24B in...

|By:, SA News Editor

China's oil producers are using their deep pockets to continue a buying spree that saw $24B in deals in 2010. Look for acquisitions in the Gulf of Mexico, where high insurance costs and regulation have companies looking for an exit. "All the Chinese majors will be in North America in the next 2 years."