Capital freedom will survive the Unocal door-slam

Congress growled. CNOOC Ltd. flinched. So Chevron Corp. will own Unocal Corp.This does not, as some analysts are saying, destroy freedom of movement for international capital. CNOOC came late to the contest for Unocal. US lawmakers, fretting about security implications, extended the regulatory study period. CNOOC then grumbled about “unprecedented political opposition” and withdrew its offer (OGJ Online, Aug. 2, 2005).Congressional heavy-handedness? Maybe. But expecting lawmakers to have shown no concern at all is unrealistic.China’s state-owned companies have been buying oil and gas assets around the world. Most observers think they pay too much for the acquisitions. Th...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected