|
China-
Shopping in the US: Opportunities for Sellers or Threat to National
Security?
China’s
trade surplus with the
US
totaled more than US$200 billion last year, with a strong start for
the first half of 2006. And,
China
ranks second only to the energy-hungry US for its demand for oil.
The world’s most populous country is making strategic investments in
energy resources around the globe. Are US assets a viable alternative
for China? Do US interests need to consider China-buyers to fulfill
their fiduciary duty to shareholders? The thwarted CNOOC acquisition
of Unocal suggested there’s a non-level playing field for foreign
investors. And, if Chinese interests are prohibited from partnering
with US firms and are compelled to partner with foreign interests, are
there even greater implications for US security?
On the flipside, US-based companies recognize the value of partnering
with NOCs to monetize assets and gain access to new fields. What are
the best strategies for working with the Chinese in the US energy
industry? Can partnering in the US open doors for Asian exploration in
the prolific South China Bay?
Please join industry leaders for this important industry discussion.
This breakfast forum is hosted by leading energy publications World
Oil, Hydrocarbon Processing and Petroleum Economist, and is generously
supported by the Ernst & Young Energy Center.
Speakers include:
Joseph H. Bryant, Chairman and Chief Executive Officer, Cobalt
International Energy, LP, has extensive experience with China
operations. Mr. Bryant is a 29 year petroleum industry veteran,
formerly President and Chief Operating Officer of Unocal Corporation;
formerly President of BP Angola; BP Canada and of an Amoco/CNOOC joint
venture in China.
Goldman Sachs energy banker. Goldman Sachs is the leading investment
banker in Asian M&A activity and will share insights into the current
landscape for partnering with Chinese interests.
Robert Dowlearn, of the
Ernst & Young
Energy Center will help lead the discussion. Mr. Dowlearn is currently
the Energy Industry Business Development Leader for the Ernst & Young
Energy Center and is responsible for new service identification,
development and delivery. He has 24 years of energy industry
experience with various companies including Amoco, United Energy
Resources, BMC Software and SAS Institute.
Additional speakers to be announced.
Please register today as space is very limited. |
