CNOOC’s proposed bid for Canadian oil-and-gas producer Nexen would increase Asia’s sway and influence over the pricing of Brent crude, the global oil benchmark, market analysts said Tuesday. The proposed takeover, which would be China’s biggest foreign acquisition, would put the largest crude stream that feeds into the physical Brent benchmark into Chinese hands. This would mean exclusive insight into North Sea production issues and maintenance that will affect the price of Brent crude and other crudes priced off of it.
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By Peter GardettCNOOC buys Nexen in largest ever Chinese overseas takeover. Assets in UK, Gulf of Mexico, W Africa, Canada ajwsmall
Could the United States cut its energy costs and reduce greenhouse gas emissions by providing incentives for the use of low-carbon fuels – while still allowing everyone to use whichever fuels they want?
The National Low-Carbon Fuel Standard Project says a policy encouraging the use of electricity, hydrogen, and biomass feedstock for transportation fuels would be feasible, timely, and eminently justified. Keep reading →
Rapidly expanding production of oil and natural gas from shales in the US, Canada and Mexico have the potential to allow the continent to declare virtual “energy independence” and thereby alter the global politics of energy, CME Group Managing Director and Chief Economist Blu Putnam told Breaking Energy in this video interview.
This interview is the final in a series of four, for the earlier videos on the economic outlook, handling big data and the outlook for energy infrastructure, click here. Keep reading →
When Royal Dutch Shell sinks five wells off Alaska — slated for next month — it will be the first drilling in U.S. Arctic waters in decades.
#Switzerland faces challenges as it seeks to cut greenhouse gas emissions by 1/5 by 2020 while phasing out nuc power http://bit.ly/MSXogm
By Jared Anderson#Switzerland faces challenges as it seeks to cut greenhouse gas emissions by 1/5 by 2020 while phasing out nuc power http://bit.ly/MSXogm @IEA
Oil prices climbed for a fourth day on hopes that the Federal Reserve will take additional steps to prop up the economy.
For the US, aspiring to be merely energy independent is “too modest,” says Manhattan Institute Adjunct Fellow Mark Mills.
Instead, the US should collaborate with Canada and Mexico to not only fulfill domestic needs but make North America the world’s largest energy supplier, Mills says in a new report, “Unleashing the North American Energy Colossus.” Keep reading →
Citic, CLSA, CNOOC, Nexen, Sinopec and Talisman: China’s Multi-Billion Dollar Week in the Energy Markets
By Peter GardettThe bureaucrats in Beijing and the businessmen in Shanghai have been busy in recent weeks, negotiating a series of headline deals that sync into broader themes of Chinese access to global energy and commodities markets.
Bankers at Wall Street and City of London banks have spent much of the past week telling financial reporters that the impending sale of the remaining 80% of the Asian arm of French bank Credit Agricole represented an old finance industry meme: an out-of-towner overpaying for access to the premier league of global banking. Keep reading →