Shell and PetroChina Joint Venture Bid for Australia-I Energy Company

Wrigley Energy Co., Ltd., a joint venture between China National Petroleum Corporation and Royal Dutch Shell Petroleum Corp., has submitted a AUD$520 million takeover bid to Australian natural gas exploration company Gongpai Energy, hoping to use this deal to strengthen Wrigley's natural gas exports in Australia. engineering. Bow Energy’s share price rose 64% to 1.455 Australian dollars per share on Monday, slightly lower than Wrigley Energy's price of 1.48 Australian dollars per share. Wrigley Energy said in a statement: "Wrigley is seeking confidential negotiations with the bow card and will provide more information at the appropriate time." The company also said that the bow coal gas resources will expand Wrigley's engineering in Curtis Island. project. Wrigley's liquid natural gas project is one of the four coal seam natural gas and liquid natural gas projects worth US$70 billion near Gladstone Harbour in eastern Australia. The project is expected to be put into production in 2017 and the initial production can reach 800 tons per year.