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Power of Siberia 2: Deal or no deal?
There is a good strategic case for China to sign a deal for gas supplies via the proposed Power of Siberia 2 pipeline, but Beijing’s concerns around over-dependence on a single supplier and desire to drive down the price make it relatively unlikely a contract will be finalised this year
China creates two-tier oil dynamic
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
Trump’s Russia threat rings hollow
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
US oil sector faces complicated path
Trump energy policies and changing consumer trends to upend oil supply and demand
California refiners dreaming of heyday
US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends
Mars attacks US oil industry
Crude quality issues are an often understated risk to energy security, highlighted by problems at a key US refinery
Bakken oil output may hold its ground
While oil prices will determine the trajectory of the key US shale patch, regulation and technological shifts are also likely to shape direction longer term
China’s oil output to scale new heights
New discoveries and stabilisation of legacy fields’ output have helped China reverse the decline and be a top-five producer in recent years
India to help Asia spearhead global refining
Shifting demand patterns leaves most populous nation primed to become downstream leader as China and the West retreat
US, Russia and China circle the Arctic
The strategic importance of vast untapped oil and gas reserves and key shipping routes has come in from the cold
China's Liaoning aircraft carrier and accompanying fleet conducts a drill in the South China Sea
China Cnooc US
James Gavin
25 March 2021
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Cnooc looks to South China Sea

The NOC’s delisting from the NYSE may only serve to embolden its South China Sea drilling despite lingering controversy surrounding projects in the region

The change in occupancy at the White House has not eased Sino-US relations. The New York stock exchange (NYSE) confirmed in late February that it had begun the process of delisting Chinese state-controlled producer Cnooc in line with a Biden Treasury Department endorsement in late January of a November executive order by then US president Donald Trump. President Joe Biden seems largely content to follow the tough line taken by his predecessor. In a parting shot in January, Trump’s commerce secretary Wilbur Ross accused Cnooc of being a “bully for the People's Liberation Army to intimidate China’s neighbours”. $15.5bn E&P spend this year Cnooc’s leaders have sought to dial dow

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