The Education of China’s Oil Company
Reuters has a lengthy and detailed account of “China’s largest foreign acquisition in...
CNOOC
CNOOC Targets Gas Fields in East China Sea
Reuters reports that China’s state oil companies want to develop seven new gas fields in the disputed East China Sea: Beijing had slowed exploration in the energy-rich East China Sea, one of Asia’s biggest security...
Why America Should Allow China’s Oil Investment
As U.S. lawmakers continue to scrutinize potential Chinese investments in North America, including this week’s report asserting that telecom giants Huawei and ZTE could threaten U.S. national security interests, Erica...
Explaining CNOOC’s Complicated Canada Deal
For The Diplomat, Hugh Stephens of the Asia Pacific Foundation of China breaks down state-owned CNOOC’s proposed $15.1 billion acquisition of Canada’s Nexen, the latest play by a Chinese state-owned enterprise (SOE)...
State Capitalism: Reason for Worry?
Founder and editor-in-chief of Caixin and Century Weekly Hu Shuli warns that China’s current system of state capitalism is both politically and economically unhealthy. From Caixin, via South China Morning Post: The...
Chinese Oil Giant's Shares Tumble in Spill Controversy
Chinese oil company CNOOC has watched its share price fall following a growing controversy over an oil spill in the Bohai Gulf. From the Los Angeles Times blog: Shares were down 2.1% in midday trading in Hong Kong after falling...
China Moves Top Bosses in Oil Sector
The Chinese government has announced that Fu Chengyu, the former chairman of state-owned company Cnooc Ltd., will become the new chairman of Sinopec (China Petrochemical Corp). From Wall Street Journal: China changed top...
China’s Relentless Hunt for Energy
The Wall Street Journal blog looks at new strategies by China’s energy companies to expand their resource base to satisfy the country’s growing taste for oil: Energy consultancy Wood Mackenzie says diesel, gasoline...
China’s CNOOC Tests US with Chesapeake Shale Deal
Reuters reports: China’s top offshore oil producer, CNOOC Ltd (0883.HK), will pay $1.1 billion for a stake in a U.S. shale oil and gas field, testing the U.S. political climate for the first time since its 2005 failed bid...
China: Buy BP Assets? Could Do!
From Global Voices Online: With British foreign secretary William Hague in China today at Beijing’s invitation for a fresh round of strategic dialogue on strengthening economic cooperation, online media have chosen to...
China’s Push for Oil in Gulf of Mexico Puts U.S. in Awkward Spot
After being rebuffed by U.S. Congress in a previous bid, China National Offshore Oil Corp., or CNOOC, is trying to drill for oil in U.S. waters in the Gulf of Mexico. The Los Angeles Times reports: China’s push to enter...
China’s CNOOC In Talks To Enter Uganda’s $5B Oil Proj-Sources
Despite recent setbacks, China is persevering in its efforts to secure major oil deals in Africa. From the Wall Street Journal: China state-owned CNOOC Ltd. (CEO) has become the latest company to enter talks with Uganda over a...
Africa Pressures China’s Oil Deals
The Wall Street Journal reports on China’s increasingly difficult efforts to secure oil deals in African countries: On Tuesday, Nigeria’s oil minister and a presidential spokesman said state-owned China National...
Tuesday Map: China’s Oil Empire
Foreign Policy reposts a map created by China’s Economic Observer showing China’s big oil companies’ (CNOOC, CNPC, and Sinopec) interests across the globe. As Foreign Policy points out, Sudan is notable absent...
China, Taiwan Tapping of Diaoyu Islands’ Resources is Blow to Japan – Paper
Taiwan and China will move forward with economic integration through a CPC-CNOOC joint oil exploration in the Diaoyu Islands. From Ta Kung Pao (Hong Kong), via RedOrbit: A few days ago two major energy enterprises in the...
CNOOC Eyes Global Market, Deep Sea Oil
From Caijing Magazine: China’s largest ever acquisition of a foreign company has given energy developer China National Offshore Oil Corp. (CNOOC) a chance to tap deepwater resources at home and expand in new markets abroad. The...
China Oil Giant in Takeover Talks with Canadian Energy Firm
Agence France-Presse reports on talks over a possible takeover by the Chinese oil company China National Offshore Oil Corporation (CNOOC): Chinese oil giant CNOOC is in talks with Canadian-based Talisman Energy over a possible...
China’s global champions in waiting – New Economist
From New Economist: China is emerging as a global investor, as numerous cross-border M&A deals attest. Andreas Lunding of Deutsche Bank explores the isues in a new research report, Global champions in waiting: Perspectives on China’s overseas direct investment. Here is the summary: A recent string of high-profile cross-border merger and acquisition deals involving Chinese […]
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