Hong Kong-listed oil trading and shipping firm Brightoil Petroleum made a big move toward the upstream sector, closing its US$1.08 billion acquisition of Anadarko Petroleum's legacy oil fields in the shallow waters of China's Bohai Bay. Brightoil now intends to accelerate its transition to an integrated oil and gas company by making another major upstream buy in China within the next year. Like many of its peers, Brightoil has seen its international oil trading......
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