In June 2011, oil spills from an oilfield jointly owned by Houston-based ConocoPhillips’ Chinese subsidiary and CNOOC, China’s main offshore oil and gas producer, drained into the Bohai Sea and its bay.
While China has sought to replicate the U.S. shale boom, the nation last year cut its 2020 shale gas production target to about a third of its original estimate amid difficult geology, lack of infrastructure and limited exploration rights.
China overtook the U.S. as the largest crude importer in April for the first time this year. The country bought a record 7.4 million barrels a day from overseas that month, surpassing U.S. imports of about 7.3 million.
Kinder Morgan is seeking Federal Energy Regulatory Commission to build the $8 billion LNG export project near Pascagoula, Mississippi. The applicants are seeking FERC approval no later than June 17, 2016.
The maritime agency said the hijacking was believed to be the work of a syndicate targeting vessels for their cargos of fuel. It said this was the fifth theft in waters off southern Malaysia this year.
Deals signed during the visit of Premier Li Keqiang coincide with Brazilian President Dilma Rousseff’s efforts to kick-start an economy that is forecast to contract 1.2 percent this year, its worst performance in a quarter-century.
“Early on in our project, we were quite frankly warned by the Department of Energy that it would not be looked at as politically correct for us to have a large Chinese customer,Chief Executive Officer Michael Smith said.
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