China Energy Update 6/27

China-Vietnam row hits energy groups Financial Times Some of the world's biggest energy companies, including ExxonMobil and Gazprom, have been thrust into the deteriorating territorial dispute between China ... Financial Times

Vietnam Oil Firm Protests Chinese Plans Wall Street Journal A spat between China and Vietnam over energy rights in the South China Sea intensified as Vietnam's biggest company called on China to scrap its plans to ... Wall Street Journal

As US Leaves, Oil-Hungry China Stuck in Middle East Wall Street Journal (blog) As the U.S. looks closer to home to satisfy energy demand, China is expected to remain heavily reliant on Middle East oil. Beijing is already carving business, ... Wall Street Journal (blog)

Premier Redford touts Canadian energy strategy to investors in China Edmonton Journal Premier Alison Redford promoted her much-touted Canadian energy strategy in Beijing today, arguing that.

Sinopec team left grasping at China Gas straws MarketWatch BEIJING (Caixin Online) — Energy companies from Oman to Beijing have been wrangling over one of China's largest natural gas distributors with an unusual ...

2012 Peabody Energy Analyst And Investor Forum Focuses On ... MarketWatch (press release) NEW YORK, June 27, 2012 /PRNewswire via COMTEX/ -- Peabody Energy ... "China's coal imports are accelerating in recent months, and we project they will ...

Hong Kong stocks struggle in choppy early trading MarketWatch HONG KONG (MarketWatch) -- Hong Kong shares fluctuated in a narrow range around break-even early Wednesday, as a decline in Chinese resource and ...

Mining Leader Enhances Energy Management Capabilities With ... MarketWatch (press release) "MMG is committed to proactively managing our energy use, and EnerNOC's ... of its ultimate controlling shareholder China Minmetals Corporation (71.72%).

Watch Oil Prices Drop as China Focuses on Natural Gas TheStreet.com NEW YORK (TheStreet) -- As the top two populated countries in the world, China and India are often included in any debate about the future of energy prices. S

Asian National Oil Companies (NOCs) - International Operations to ... MarketWatch (press release) The Asian NOCs of India, South Korea, China and Thailand are playing an active role to ensure domestic energy security. Increasing demand and limited ... Suncor eyes Chinese help for oilsands project Calgary Herald - ‎ BEIJING — Suncor Energy is seeking partnership with Chinese companies to help build its oilsands projects as Canada's top oil producer and refiner struggles with ballooning cost inflation, its top executive said on Wednesday.  US Oil Boom Spotlights China's Persian Gulf Dependence Wall Street Journal (blog) - ‎ By Keith Johnson AP Chinese Prime Minister Wen Jiabao speaks during a press conference in Doha, Qatar on Wednesday Jan. 18, 2012. The boom in US oil production in places like Eagle Ford, Texas, has all kinds of fascinating implications, ... China moving closer to Middle East oil United Press International, Asia - ‎ HONG KONG, June 27 (UPI) -- A series of moves in the international sector has pushed China closer to the Middle East in terms of its oil demand, an analyst said. Sanctions against the Iranian oil sector go into force this weekend, leaving consumers ... China Imports 6 Million Barrels Of Oil Per Day CapitalVue - ‎ June 27 – China is reportedly consuming 9.76 million barrels of oil every day, reports Beijing Youth Daily, citing a report compiled by BP. Including Hong Kong, China consumes 10.12 million barrels of oil daily, making China the second largest consumer ... The South China Sea Oil Card by M. Taylor Fravel Over the weekend, the China National Offshore Oil Company (CNOOC) quietly announced that nine new blocks in the South China Sea were now open to foreign oil companies for exploration and development.  This move reflects one of the starkest efforts by China to assert its maritime rights in these disputed waters – and constitutes a direct challenge to Vietnam’s own claims. Unlike the blocks that CNOOC offered in 2010 and 2011, the new ones are located entirely within disputed waters in the South China Sea.  As this map shows, the new blocks lie off Vietnam’s central coast and comprise of more than 160,000 square kilometers. The western edge of some blocks appear to be less than 80 nautical miles from Vietnam’s coast, well within that country’s Exclusive Economic Zone. All the blocks overlap at least partially with PetroVietnam’s, including potentially ones where foreign oil companies have ongoing exploration activities. Foreign companies may be unlikely to cooperate with CNOOC to pursue investments in disputed blocks. Nevertheless, CNOOC’s action is significant for several reasons.  To start, the announcement of these blocks reflects another step in China’s effort to strengthen its jurisdiction over these waters. Just last week, for example, China raised the administrative status of the Paracel and Spratly Islands from county- to prefectural-level within Hainan Province.