China Energy Update 7/28

China's hunger for energy is insatiable Deutsche Welle The aim of the bid is to secure China's future energy needs, Leon Leschus from the Hamburg-based Institute of International Economics (HWWI) told DW. He pointed out that China currently depended on imports to cover its oil needs. "The demand has ... Deutsche Welle

China Leads The World In Renewable Energy Investment Forbes China was responsible for almost one-fifth of total global investment, spending $52 billion on renewable energy last year. The United States was close behind with investments of $51 billion, as developers sought to benefit from government incentive programs ... Forbes

US Sets Duties as High as 73% on Chinese Tower Imports Businessweek The U.S. has imposed duties on numerous types of renewable- energy products from China in recent months, prompting retaliation in an escalation of trade tensions between the world's two largest economies. President Barack Obama and Republican ...

China flexes muscles with Cnooc, Nexen deal MarketWatch “China realizes that access to energy is power,” said Phil Flynn, a senior energy analyst for Price Futures Group — and Canada just might be the “new Middle East” as oil sands there, with new technology, may hold as much oil as Saudi Arabia. China National ... MarketWatch

Analysis: Phantom fears surround China's Nexen deal Reuters If Beijing thinks Nexen will open the door to a rash of big North American energy acquisitions by its state-controlled enterprises, it may want to think again. For starters, Canada could still block the Nexen deal - China's biggest ever foreign takeover bid.

OVERNIGHT ENERGY: US-China green energy trade battle may escalate Friday The Hill (blog) STATE OF PLAY: The Commerce Department will unveil preliminary findings Friday in an anti-dumping probe of China's sales of wind-energy towers to the United States. New tariffs, if imposed, would follow a late May initial decision to slap tariffs on the ...

China's CNOOC may tap bond, loan markets for Nexen bid: sources Reuters HONG KONG (Reuters) - China's CNOOC Ltd (0883.HK ), the world's biggest energy explorer by market value, may borrow several billion dollars early next year to help fund its planned $15.1 billion cash bid for Nexen Inc (NXY.TO ), sources familiar with the ...

US piles more duties on Chinese wind towers Reuters WASHINGTON, July 27 (Reuters) - The United States slapped on Friday a second round of duties on wind turbine towers from China, ratcheting up tensions between the two countries in the renewable energy sector. The U.S. Commerce Department said it ...

Solar Trade War With China Goes Global Energy Collective The Alliance for Affordable Solar Energy, made up of polysilicon suppliers, equipment manufacturers and project developers and installers, has formed to fight trade sanctions. And while ProSun claimed “more than 20 members,” it did not name those other ...

CNOOC: A mega energy deal in Canada Businessweek Canada has become fertile ground for Chinese companies looking to satisfy the huge energy demand back home. With the CNOOC deal, Chinese energy companies have spent $53.4 billion in Canada over the past decade. Their U.S. counterparts have ... Cnooc-Nexen deal under US scrutiny MarketWatch -  WASHINGTON (MarketWatch) — Chinese energy giant Cnooc Ltd.'s $15.1 billion deal to buy Nexen Inc. is under increasing political scrutiny in the US even as it faces a long regulatory review in Canada. “It is rare that we have so much leverage to exert ... The Nexen deal: China's bid to fit in Globe and Mail - Keith Spence has had a front-row seat to the coming of age of China Inc. When the Toronto investment banker first arrived in Beijing in the late 1990s, Chinese company and government officials were insecure about their role in the world and were ... Foreign firms covet Canada's energy Vancouver Sun - ‎ This week's bid by a state-owned Chinese company for ownership of Calgary's Nexen Inc. underscores a growing Asian interest in companies involved in Canada's resource sector. The $15-billion Nexen offer by the China National Offshore Oil Corporation ... US senator wants government to block Nexen deal to press China on trade CTV News - ‎ Sen. Charles Schumer, DN.Y., talks about the Democrats and Republican tax proposals during a news conference on Capitol Hill in Washington, Tuesday, July 24, 2012. (AP / Manuel Balce Ceneta) A Nexen oilsands facility seen from a helicopter near Fort ... Oil-patch ironies aside, many questions for Harper Globe and Mail - ‎ Those who have discussed the issue with him report that Prime Minister Stephen Harper has been worried a state-owned company, likely from China, would take a run at a major Canadian energy producer. Now that the massive China National Offshore Oil Corp ... Senator warns China on trade in review of oil deal Reuters India - By Roberta Rampton | WASHINGTON (Reuters) - Senator Charles Schumer said on Friday that the United States should use a bid by China's state-run CNOOC for Canadian oil company Nexen Inc as a chance to take China to task for long-standing trade and ...  China Leads The World In Renewable Energy Investment - OIL ... From: Forbes - Energy - 9:19am - July 27, 2012. According to a recently released United Nations report, global investment in renewable energy reached a record $257 billion in 2011, a 17 percent increase from the amount invested in 2010. eWallstreeter