Michele Kearney's Nuclear Wire: China Energy Update 7/25

Wednesday, July 25, 2012

China Energy Update 7/25

China's energy-buying binge is just starting MSN Money Most investors had never heard of Canadian energy company Nexen (NXY) -- until Monday, when it became the center of the largest overseas takeover from a Chinese company. China's biggest offshore oil and gas explorer, CNOOC (CEO) has agreed to pay ...
Yedlin: China's energy players take a big leap Edmonton Journal Monday's $15 billion blockbuster deal involving the purchase of Nexen Inc. by China's CNOOC Ltd. - per Apollo 11's Neil Armstrong - has to be seen as one giant leap for China's energy players and Canada's oil and gas sector. Anyone who doubted the ...
Chinese Oil Companies' Deal Appetite to Grow Wall Street Journal China's other state-controlled oil and natural gas companies will likely seek their own increasingly ambitious deals amid stagnant energy supplies at home and pressure from both Beijing and investors to add to reserves, according to industry watchers.
Vitter: China's Energy Purchase in Canada Highlights Need to Approve ... Equities.com David Vitter today made the following statement in response to China's state-owned oil company CNOOC purchasing Canada's Nexen Inc. Vitter and others have warned of China's interest in Canada's energy resources and highlighted this as a reason to ...
Sweeping implications of historic China-Nexen energy deal Edmonton Journal Prime Minister Stephen Harper and Alberta Premier Alison Redford have both led business delegations to China in recent months and have expressed support for greater foreign investment in Canada's energy resources. CNOOC said it hoped to complete ...
China Buys More Energy msnbc.com Two deals were announced Monday that put China's quest to secure energy resources back in the headlines. The deals vary in scope and scale, but both come from state-owned oil companies, and both illustrate the global trend toward nationalized resources ...
China seeks N. American energy reserves, know-how The Seattle Times The deal announced Monday shows China's appetite for overseas energy assets remains as strong as ever despite its current economic slowdown. Weaker oil prices and a resolve to capture technologies China needs to unlock its own sizable but hard to ...
Canada Shifts Toward China With $15 Billion Nexen Deal Businessweek China, seeking to add oil and gas reserves to meet demand in the world's largest energy-consuming country, sees Canada as a ready supplier as it prepares to expand its pipeline network to the Pacific coast for exports to Asia. Over the past decade, Chinese ...
News Summary: China seeks American energy know-how Washington Post FULL STEAM: A $15 billion buyout attempt by CNOOC of a Canadian oil and gas company shows that China's appetite for energy remains as strong as ever despite its current economic slowdown. Weaker oil prices and a resolve to capture technologies ...
China Vows to Secure More Overseas Energy After Cnooc Purchase Bloomberg “China will invest in overseas energy and mineral resource development projects to secure long-term, stable, reasonable and secure supplies of energy and resources,” the NDRC said in the 23-page plan. “China will diversify sources of energy imports to ... INSIGHT-China's CNOOC scoped Nexen, partnered, then pounced Reuters - * Chinese oil firm pounced when Nexen CEO left in January * CNOOC learned from BHP-Potash, Unocal experiences * Chinese started lobbying early, put in concessions * Methodical approach, JV lay groundwork for biggest deal By David Ljunggren, ... Oil firms snap up opportunities China Daily - By Du Juan ( China Daily) Chinese oil companies grabbed the opportunity to acquire overseas assets at a time when crude oil prices are low and foreign companies are short of money, energy experts said after China Petrochemical Corp and CNOOC Ltd ... Gulf of Mexico Access Could Offer Oil Riches Wall Street Journal - By ÁNGEL GONZÁLEZ And EDWARD WELSCH While Cnooc Ltd.'s $15.1-billion takeover offer for Nexen Inc. would give the Chinese energy producer operational control of a significant Canadian oil-sands field operator, the deal would also catapult it into the ... China-Canada oil deal shows more US drilling needed -Senator Reuters - ‎ * Senator Hoeven: "He who hesitates has lost." * Says China deal "direct result" of Obama's Keystone delay * Bill mirrors House-passed energy legislation By Roberta Rampton WASHINGTON, July 24 (Reuters) - Republican senators will unveil new energy ...