SEC Announces PetroChina Faces Risk of Sanctions over Ties to Iran

The Unit­ed States Secu­ri­ties and Exchange Com­mis­sion has warned that it may take action against PetroChi­na after the com­pa­ny con­firmed it had been doing busi­ness with Chi­na Nation­al Unit­ed Oil Cor­po­ra­tion that involved coun­tries under U.S. sanc­tion such as Iran and Sudan.  Both PetroChi­na and Chi­na Nation­al Unit­ed Oil Cor­po­ra­tion are sub­sidiaries of Chi­na Nation­al Petro­le­um Cor­po­ra­tion (CNPC). ...

Gazprom Takes 100% of WINGAS and its Fiber Optic Backbone throughout Germany

In late 2013, Wingas and Gazprom signed a Mas­ter Agree­ment to swap assets, which made WINGAS a whol­ly-owned sub­sidiary of Gazprom.  Not only does WINGAS con­trol a large por­tion of Ger­many’s nat­ur­al gas pipeline infra­struc­ture, but also an exten­sive net­work of fiber optic cables that run along its pipelines, which now amount to some 7,000 km worth (with 3,000 km of that actu­al­ly owned by WINGAS.  The ...

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 ...