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China | Energy in BC & beyond

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China

CNOOC heads group seeking to export B.C. liquefied natural gas

Brent Jang, Globe and Mail, Nov. 29 2013

VANCOUVER —An Asian group led by CNOOC Ltd. of China is seeking a licence to export liquefied natural gas from British Columbia as the competition heats up to develop huge LNG megaprojects on the West Coast.

Asian buyers want cheaper BC gas

Asian Pacific Post, 25Sep2013

Premier Christy Clark upcoming 13-day trade mission to China, Korea and Japan to deepen British Columbia’s relationships with those key liquefied natural gas Asian markets will be facing some severe gas pains, industry analysts said.

David Black signs deal with major Chinese bank to help finance Kitimat refinery

Andrew Duffy, Times Colonist, April 19, 2013

Victoria businessman David Black has taken a major step forward in fulfilling his dream of an oil refinery built on B.C.’s west coast after making a deal that could be worth billions of dollars with a major bank in China.

China is burning coal at an insane rate

Fritz Els, MiningNewsDigest.com, January 29 2013

Chinese financial website Finet quotes Phil Ren, chief of the China Coal Importers Association, as saying at an industry conference in Singapore, China's coal imports may reach 400 million – 500 million tonnes within three years.

Ottawa approves Nexen, Progress foreign takeovers

Shawn McCarthy & Steven Chase, Globe and Mail, Dec. 07 2012

OTTAWA — Prime Minister Stephen Harper has erected new barriers to investment by state-owned companies, fencing off the oil sands from further control by foreign governments.

B.C. coal mine advertised jobs in China at 'considerably' lower pay: union

Dene Moore, Canadian Press, Vancouver Sun, November 16, 2012

VANCOUVER - A mining company that has hired hundreds of temporary workers from China for its northern B.C. coal mine advertised those jobs in Canada for $10 to $17 less than what is paid for similar work at a nearby mine, a lawyer representing two unions told a federal court judge on Friday.

Foreign firms covet Canada's energy

By Scott Simpson, Vancouver Sun, July 28, 2012

Asian observers see potential for growing business, trade relations as China bids for Nexen

This week's bid by a state-owned Chinese company for ownership of Calgary's Nexen Inc. underscores a growing Asian interest in companies involved in Canada's resource sector.

China’s CNOOC to buy Nexen for $15.1-billion

Claudia Cattaneo, National Post, July 22 2012

CALGARY – Chinese oil company CNOOC Ltd. is confident its US$15.1-billion bid for Nexen Inc. provides a “net benefit” to Canada because the deal helps accelerate resource development and increases job creation, making it aligned with Canadian government goals, the company’s two top executives said Monday.

Digging for China

Jason Mark, American Prospect, July 11 2012

A fight against planned coal-export terminals in the Pacific Northwest is becoming the next big climate battle.

Pro: Energy policies that shun Canadian oil will push an American ally to China

Andrew P. Morriss, OregonLive.com, June 8, 2012

Are U.S. energy policies forcing Canada into a long-term trading relationship with China?

Con: Canada will trade with China, regardless of U.S. energy policies

John W. Maxwell, OregonLive.com, June 8 2012

Are U.S. energy policies forcing Canada into a long-term trading relationship with China?

At least 30 vessels of unsold coal cargoes float off China's coast

Cecilia Quiambao, Platts, June 5 2012

Bali, Indonesia (Platts) - At least 30 Panamax or Capesize vessels are floating off China's coast because traders who bought them have been unable to resell them to end-users, two industry sources said Tuesday at a conference in Indonesia.

China Buyers Defer Raw Material Cargos

By Javier Blas in Singapore and Jack Farchy in London, Financial Times, May 20 2012
Chinese consumers of thermal coal and iron ore are asking traders to defer cargos and – in some cases – defaulting on their contracts, in the clearest sign yet of the impact of the country’s economic slowdown on the global raw materials markets.

Chinese villagers riot over coal mine fears, killing 1 police officer, injuring 15 others

By Associated Press, Washington Post, April 21 2012

BEIJING — A Chinese city government says villagers with sickles and clubs protesting against mining activities in the southwest attacked police, killing one officer and injuring 15 others.

PetroChina bids to help build $5.5-billion Northern Gateway pipeline

Claudia Cattaneo, Financial Post, March 29, 2012

CALGARY — Chinese investment in Canada’s energy sector could move to a new level if PetroChina wins a bid to build the controversial Northern Gateway oil sands pipeline.

Denmark's energy industry faces new headwinds

Richard Orange, GlobalPost.com, March 27, 2012

First solar, now wind. Chinese competition strikes an alternative-energy industry again.

MALMO, Sweden — Nowhere generates a greater share of its power from wind than Denmark.

The Sinopec File

Andrew Nikiforuk, TheTyee.ca, Feb 18 2012

Pollution, bribes, more. Nikiforuk pries open the record of China's oil giant, business partner for Northern Gateway pipeline.

Cenovus ships first oil to China

By Dan Healing, Postmedia News, Calgary Herald, February 15, 2012

CALGARY - Oilsands producer Cenovus Energy Inc. has reported sending its first shipment of crude oil to China last week.

Slow pace of project approval forces Chinese companies into waiting game

By Gordon Hoekstra, Vancouver Sun, January 5, 2012

Chinese energy companies, at one time eager to see the Northern Gateway project completed quickly so they could access production from the Alberta oilsands, are now taking a longer, more patient view, according to a China expert.

Asian demand for resources good news for British Columbia

By Tracy Sherlock, Vancouver Sun, December 22, 2011

Copper, oil shine brightly among commodities

Tembec Inc says dissolving pulp one of its few Q3 highlights (Photograph by: Peter Battistoni, Postmedia News, Vancouver Sun)

The top picks for investors going into 2012 should be oil and copper, a commodity price expert said Wednesday.

Both commodities will remain strong throughout the New Year, said Patricia Mohr, vice-president, economics and commodity market specialist at Scotiabank.

China's epic hangover begins

Ambrose Evans-Pritchard, Telegraph, December 14, 2011

Chinese stocks are flashing warning signs. The Shanghai index has fallen 30pc since May. It is off 60pc from its peak in 2008, as much in real terms as Wall Street from 1929 to 1933. Photo: Reuters

China's credit bubble has finally popped. The property market is swinging wildly from boom to bust, the cautionary exhibit of a BRIC's dream that is at last coming down to earth with a thud.

It is hard to obtain good data in China, but something is wrong when the country's Homelink property website can report that new home prices in Beijing fell 35pc in November from the month before. If this is remotely true, the calibrated soft-landing intended by Chinese authorities has gone badly wrong and risks spinning out of control.

Will China break?

By PAUL KRUGMAN, New York Times, December 18, 2011

paul KrugmanConsider the following picture: Recent growth has relied on a huge construction boom fueled by surging real estate prices, and exhibiting all the classic signs of a bubble. There was rapid growth in credit — with much of that growth taking place not through traditional banking but rather through unregulated “shadow banking” neither subject to government supervision nor backed by government guarantees. Now the bubble is bursting — and there are real reasons to fear financial and economic crisis.

Thousands of residents protest Chinese town’s planned coal power plant, clash with police

Gillian Wong, Associated Press in Washington  Post, December 20, 2011

BEIJING — Thousands of people besieged a government office in a southern Chinese town Tuesday and blocked a highway to demand a halt to a planned coal-fired power plant because of concerns about pollution, protesters said.

Shipping oil to Asia? The route's east, not west

Derek Burney & Eddie Goldenberg, Globe and Mail, Dec. 13, 2011

The handling of the Keystone XL pipeline process by the Obama administration serves as a loud wake-up call for Canada. While America remains our most important market, Prime Minister Stephen Harper has said that Canada should not be a “captive supplier” of energy for the United States. In light of global demand growth, it’s also in Canada’s national interest for Ottawa to act decisively to enable our oil and gas industry to diversify its customer base.

Native community resists Clark’s coal-mine cajoling

Justine Hunter, Globe and Mail, Nov. 10, 2011

On Dec. 22, 1854, the Snuneymuxw people signed a treaty that provided them with 668 blankets. In exchange, British settlers got to mine the rich coal seam in their territory.

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