Myanmar-China Oil and Gas Pipeline Commences Operations

A ‘‘‘1.9 billion twin pipeline that will ship oil and gas from Myanmar to China began operations in October 2013 in southwest China, a crucial element in Chinese efforts to improve energy security as its economy continues to grow.  The pipelines have a capacity of 440,000 barrels of crude a day and are expected to send 12 billion cubic meters of natural gas annually to Burma and southwest China, ...

Strategic Energy Acquisition by CNOOC

The acquisition of Nexen by CNOOC represents the acquisition of strategic energy assets in Canada as well as the United States by China’s leading state-owned enterprise administering offshore oil and other energy discoveries.  The acquisition provides China control over a significant portion of strategic Canadian assets and energy resources.

Cyprus Financial Crisis Creates Scrutiny on the Banking Activity of Bad Actors

The financial crisis that enveloped Cyprus, in connection with the broader EU financial crisis, has created the potential for market scrutiny of bad actors — particularly Russian — that might be using Cyprus as a safe haven or financial hub.  The disclosure of such entities could impact the risk assessments of other financial institutions and safe havens, calling into question their market eligibility for rescue ...