From Stratfor Summary Nearly eight months after the Trans-Pacific Partnership (TPP) was signed, its fate is still up in the air. While giving a speech in Havana on Sept. 26, Japanese Prime Minister Shinzo Abe reiterated his commitment to ratify the agreement before the end of the year. On the same day, Japan’s legislature convened for a 66-day special session to discuss, among other
China Leads the Planet in CO2 Emissions, but Persian Gulf States Lead on Per Capita Basis According to the World Bank’s current data, China was the leading emitter of carbon dioxide in 2011, outstripping the CO2 emitted by the U.S., India, and Russia combined. This should come as no surprise, as a country’s carbon emissions generally have a positive relationship
China’s crude oil imports at a four-month high as the country halts high-cost production Crude oil production from the world’s largest energy consumer hit a six-year low in August, according to information released by the National Bureau of Statistics Tuesday. Production in China fell 9.9% from a year ago to about 3.9 MMBOPD, the lowest since December 2009, according to
From Epoch Times China Petroleum & Chemical Corp. announced plans to sell half of its stake in a major trans-China natural-gas pipeline, in a bid to raise capital and fund exploration as part of China’s ambitious goal to wean itself off of coal. Sinopec, as the company is commonly called, is looking to divest 50 percent of its cross-country pipeline
From Geeskaafrika.com Ethiopia says physical work on a massive $4 billion cooperative natural gas project between Ethiopia, Djibouti, and China will soon be launched. The announcement was made Thursday by Ethiopian Foreign Minister Tedros Adhanom at the opening of the 4th Ethiopia-Djibouti Joint Ministerial Committee Meeting in the capital, Addis Ababa. The project is made up of a natural gas
Oil output down more than 7%; Coal down more than 15% The glut of oil brought on by OPEC’s decision to defend market share continues to put pressure on producers around the globe, particularly in China. China’s largest oil and gas producer, China National Petroleum Corp. (CNPC), reported 2015 profit was less than half of what it was in 2014
From Manufacturing.com China is making moves to modernize its manufacturing industry, but in incentivising local manufacturers with generous subsidies, corrupt businessmen are coming out of the woodwork for easy cash-grabs. Earlier this year, China released its “Made in China 2025” (MiC2025) economic policy, modeled after Germany’s “Industry 4.0” plan. The policy lays out incentives for domestic manufacturers to create and
Despite the Memorial Day weekend and the shortened week for U.S. business, the week has been eventful nonetheless. With anticipation mounting for the June 2nd OPEC meeting, the increased potential for a U.S. interest rate hike being signaled by the Fed, and Canadian crude returning to the market, oil markets have been rife with intensity this week. These market influences
Bankers/Analysts/Money Managers: Netherland Sewell is Hosting Seminars in London, Singapore in June, July Last week Netherland, Sewell & Associates (NSAI), the half a century-old Dallas-based petroleum engineering and geological consulting firm, held its Oil and Gas Property Evaluation Seminar in Dallas. This was the twenty-second year for the popular seminar, which many industry professionals refer to as “The Netherland Sewell School.”
Via Reuters: South Korean officials visit Iran to seek post-sanction deals SEOUL (Reuters) – South Korean government and corporate officials are visiting Iran this week to hunt out possible deals in the oil, gas and construction industries since an agreement was reached to lift sanctions on Tehran. Iran is targeting oil and gas projects worth $185 billion by 2020, after
