PetroChina deal clears government scrutiny

THE deal that will allow Chinese giant PetroChina to join New Standard Energy and ConocoPhillips in the Goldwyer shale hunt has cleared the scrutiny of the Chinese and Australian governments.

The entry of PetroChina into the project with a 29% stake from ConocoPhillips is part of a broader tie-up between PetroChina and Conoco.