James Fontanella-Khan Spot news

PetroChina in $1.7bn Canadian project stake
Chinese giant will acquire a 60% stake in the oil sands projects (FT)

Norwegian state fund in $4bn green push
SWF to invest in environmentally responsible companies (FT)

China Shenhua plans $40bn investment until 2013
About 30-50% of the investment will be used for capital spending (Reuters)

US natural gas store may near capacity
Natural gas storage capacity rose by a modest 100bn cubic feet this year (FT)

Baker Hughes buying BJ Services for $5.5bn
Deal to would create an industry giant (Market Watch)

Big oil independents see contrasting fortunes
Fates of UK companies were brought into stark relief last week (FT)

Lula sets rules on exploiting oil reserves
A bid to grab a bigger share of the profits and fund development plans (FT)

Chevron steps up Ecuador legal fight
Long-running legal battle over pollution allegations (FT)