Asia & Australia

China to Get Ethiopia’s NatGas via $4 Billion LNG Project in Djibouti

July 25, 2016

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

China’s Oil Output Falls by the Most in 15 Years

June 13, 2016

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

Subsidy Fraud in China’s Robotics Industry Hides Manufacturers’ Struggle to Innovate

June 2, 2016

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

China: Yuan Down, Yuan to Go

June 1, 2016

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

NSAI Adds New Delhi To Oil and Gas Property Evaluation Seminar Lineup - Oil & Gas 360

How Well Do You Know the Oil Company’s Reserves You’re Financing?

May 27, 2016

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.”

South Korea Looks for Deal with Iran

August 24, 2015

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