It’s not just Chinese firms that are seeking to profit from America’s energy boom. Roughly 20 percent of the $133.7 billion invested in U.S. tight oil and shale gas from 2008 to 2012 came from abroad. To date, from Asia, Japanese companies have invested $5.3 billion; Indian companies $3.55 billion; and Korean companies $1.55 billion. […]
The reason why Xi has chosen Russia as his first state visit is simple and clear: to raise China-Russia cooperation to a new level and inject new vigor into bilateral relations by continuing with the past and opening up the future,or, as Putin put it, to vigorously promote cooperation and people-to-people exchange between the two […]
Exploratory drilling near the coasts of Cyprus, Egypt, Israel, Lebanon, Syria, and Turkey has unearthed vast reserves of natural gas. Competition over the rights to tap those resources is compounding existing tensions over sovereignty and maritime borders. The eastern Mediterranean is quickly becoming as volatile as its eastern cousin, the South China Sea. Read Here […]
Another milestone in China’s emergence as the world’s largest foreign energy consumer has been reached, with Chinese data indicating it has now become the largest net importer of oil. Amid the emergence of the United States as an energy superpower, China reportedly imported a net 6.12 million barrels of oil per day (bpd) last December, exceeding […]
When Prince Turki al-Faisal suggested last year that the House of Saud would join in the U.S.-led sanctions against Iranian oil, by seeking to displace Tehran’s oil exports from the global economy, he was not referring to a novel idea. Indeed, Saudi Arabia has led two prior oil wars against Iran. Read Here – The National Interest
It is a shift as momentous as the U.S. eclipse of Britain’s Royal Navy or the American economy’s surpassing of the British economy in the late 19th century. According to preliminary figures reported this week, China has overtaken the United States as the world’s largest net oil importer. Nearly 6 million barrels per day flowed into the United […]
China could overtake the United States as the world’s largest oil importer earlier than expected, while US net oil imports continue to drop due to its booming domestic supply — a remarkable shift between the world’s two largest energy consumers. Read Here – China Daily
Oil and gas have long held the promise of untold riches for Southeast Asian countries. Yet, success in the region has been mixed: Brunei has flourished and Malaysia has seen steady progress, but Burma, Cambodia, the Philippines, Vietnam and East Timor have struggled to exploit their reserves. Read Here – The Diplomat
For the first time, United States and Iran appear to have begun real negotiations. Though no agreement has been reached yet, the meeting in Kazakhstan this week was a relative success. Previous rounds of talks resembled stare-offs before boxing matches. They centered on coercion: the main motivator for concessions was the threat of new sanctions […]
The growing involvement of U.S. energy companies in the extraction of oil and natural gas from the South China Sea has added another layer to the United States’ strategy. According to a recent report from the U.S. Department of Energy, major firms such as Chevron, ConocoPhillips, and ExxonMobil have partnered with the state-owned oil companies […]
looking beyond borders 