The overseas oil and gas investment evaluation is one of the core tasks in overseas investment of oil and gas companies,among which risk evaluation and benefit evaluation are the most important.This paper sets forth t...The overseas oil and gas investment evaluation is one of the core tasks in overseas investment of oil and gas companies,among which risk evaluation and benefit evaluation are the most important.This paper sets forth transmission paths of risk factors to the investment benefit by identifying 14 overseas oil and gas investment risks in four categories.On the basis of the concept of risk compensation,different compensation mechanisms specific to each risk are designed.The risk and benefit are integrated objectively to develop a comprehensive evaluation model by correcting the recoverable reserve,adjusting benefit evaluation parameters such as investments on exploration and development,and compensating for the changes in risk factors with time through dynamic discount rate.Moreover,two cases studies,namely the evaluations of Project A in Sudan and comparison among Blocks A–G,are used to describe usage method and applicable scope of such evaluation model,respectively.According to the results,oil price is a key influencing factor for enterprise internal risk and industrial risk.Risk compensation reduces comprehensive benefit of overseas oil and gas investment and undermines the investment feasibility and priority of blocks.The research findings of this paper are free from the effects of some subject factors and avoid multi-objective decision making,and also avoid the undesired repeated calculation of risk factors.展开更多
The global exploration investment, new oil and gas discoveries, exploration business adjustment strategies of oil companies in 2021, and future favorable exploration domains are systematically analyzed using commercia...The global exploration investment, new oil and gas discoveries, exploration business adjustment strategies of oil companies in 2021, and future favorable exploration domains are systematically analyzed using commercial databases such as IHS and public information of oil companies. It has been found that the world oil and gas exploration situation in 2021 has continued the downturn since the outbreak of COVID-19. The investment and drilling workload decreased slightly, but the success rate of exploration wells, especially deepwater exploration wells, increased significantly, and the newly discovered reserves increased slightly compared with last year. Deep waters of the passive continental margin basins are still the leading sites for discovering conventional large and medium-sized oil and gas fields. The conventional oil and gas exploration in deep formations of onshore petroliferous basins has been keeping a good state, with tight/shale oil and gas discoveries made in Saudi Arabia, Russia, and other countries. While strengthening the exploration and development of local resources, national, international, and independent oil companies have been focusing on major overseas frontiers using their advantages, including risk exploration in deep waters and natural gas. Future favorable exploration directions in the three major frontiers, the global deep waters, deep onshore formations, and unconventional resources, have been clarified. Four suggestions are put forward for the global exploration business of Chinese oil companies: first, a farm in global deepwater frontier basins in advance through bidding at a low cost and adopt the “dual exploration model” after making large-scale discoveries;second, enter new blocks of emerging hot basins in the world through farm-in and other ways, to find large oil and gas fields quickly;third, cooperate with national oil companies of the resource host countries in the form of joint research and actively participate exploration of deep onshore formations of petroliferous basins;fourth, track tight/shale oil and gas cooperation opportunities in a few countries such as Saudi Arabia and Russia, and take advantage of mature domestic theories and technologies to farm in at an appropriate time.展开更多
Twenty years’ economic reform and open door practice have made China not only an important host nation to foreign direct investment (FDI), but also the largest FDI home nation among the developing countries. In fact,...Twenty years’ economic reform and open door practice have made China not only an important host nation to foreign direct investment (FDI), but also the largest FDI home nation among the developing countries. In fact, since the late 1980s, the Chinese government has not simply put its effort into exporting made-in-China" products to earn foreign currency or into encouraging foreign inward capital, but also actively encouraged its manufacturers to invest overseas. This paper examines China’s outward FDI and poses the question to what degree China is expected to follow the other East Asian economies or will it forge its own particular patterns. The first section of this paper reviews the characteristics of FDI of China’s neighbors and then it turns to examine the spatial patterns of and motivations for China’s FDI. Finally, this paper looks at potential of China’s outward investment in the near future. It concludes that China is not Japan but its potential for further outward FDI is huge. With its WTO membership and growing economy, China will become the second to Japan or USA. It will also use its financial power to further contain Taiwan’s independence.展开更多
From the perspective of internal and external environment analysis,we construct the risk identification index system for overseas investment enterprises.Combined with the theory of comprehensive evaluation and risk ea...From the perspective of internal and external environment analysis,we construct the risk identification index system for overseas investment enterprises.Combined with the theory of comprehensive evaluation and risk early warning,the risk location system of overseas investment is established.The risk intelligence decision model is constructed by rough set theory,and the risk identification,risk location and risk decision of overseas investment are studied,and are empirically analyzed with cases in overseas investment.展开更多
In recent years, China＇s agriculture has accelerated in ＂going global＂, and in particular, the over 60 countries along the area under the Belt and Road Initlative boasts rich agricultural resources, which is very c...In recent years, China＇s agriculture has accelerated in ＂going global＂, and in particular, the over 60 countries along the area under the Belt and Road Initlative boasts rich agricultural resources, which is very convenient for China＇sagricu.lmre to go global.展开更多
This paper reviews the history of cooperation in overseas oil and gas among Chinese oil companies and selects two indicators of production and initial planned investment to systematically review and analyze in depth t...This paper reviews the history of cooperation in overseas oil and gas among Chinese oil companies and selects two indicators of production and initial planned investment to systematically review and analyze in depth the overseas cooperation process of Chinese oil companies.Based on the analysis of produced quantities (entitlement),it summarizes the current situation,scale and pattern of Chinese enterprises'overseas business. Based on the analysis of the initial planned investment,it summarizes the five stages in the development of overseas cooperation and the development characteristics of each stage.展开更多
According to McKinsey’s report, 67% of the domestic enterprises’ overseas investments have failed. Compared with other countries’ overseas investment failure proportion, is China’s 67% high?
Usually, China’s overseas investment refers to direct investment (capital, equipment, technology, patent fights and trademark) from Chinese enterprises, corporations and other organizations to set up overseas joint v...Usually, China’s overseas investment refers to direct investment (capital, equipment, technology, patent fights and trademark) from Chinese enterprises, corporations and other organizations to set up overseas joint ventures, cooperative operations, wholly-owned enterprises or other展开更多
Located along China’s southeast coast and at the southem tip of the Yangtze River Delta and looking to Shanghai,China’s number one metroplius,Zhejiang Province has a land area of 100,000 square kilometres and a sea ...Located along China’s southeast coast and at the southem tip of the Yangtze River Delta and looking to Shanghai,China’s number one metroplius,Zhejiang Province has a land area of 100,000 square kilometres and a sea area of 260。展开更多
China's mainland reported a 39.85 percent surge in the actual use of invest- ment from other areas in the first eight months over the same period last year. Investment inflow reached US＄74.37 billion during the J...China's mainland reported a 39.85 percent surge in the actual use of invest- ment from other areas in the first eight months over the same period last year. Investment inflow reached US＄74.37 billion during the January to Septem- ber period,the Ministry of Commerce said on October 10.展开更多
In this paper, we conduct analysis on the pathway of implementation of QDII and Chinese enterprises overseas investment riskfrom the perspective of capital market internationalization. From the perspective of enterpri...In this paper, we conduct analysis on the pathway of implementation of QDII and Chinese enterprises overseas investment riskfrom the perspective of capital market internationalization. From the perspective of enterprise development, the multi-level capital market is thesource of vitality. China’s economy went into a state of dual economy, on the one hand there are a number of large and medium-sized stateownedenterprises, on the other hand are the thriving entrepreneurial companies while individual demand for capital market is different, differententerprises listed on the threshold. In the world economy, international direct investment is the most can refl ect one of the economic operationsof the concept of economic globalization, and has inseparable relation with international trade. Along with the economic globalization process isaccelerated, overall, the international foreign direct investment and international trade interaction, promote each other, are dramatically increasingand expanding. This paper integrates the research on the related issues to propose the new suggestions that will be innovative and necessary.展开更多
This paper analyzes the status quo and progress of overseas oil and gas business cooperation built by Chinese oil enterprises in 2017. With the slow recovery of the oil and gas industries as a whole, the overseas oil ...This paper analyzes the status quo and progress of overseas oil and gas business cooperation built by Chinese oil enterprises in 2017. With the slow recovery of the oil and gas industries as a whole, the overseas oil and gas business of Chinese oil enterprises has continued to grow in size, and all-round cooperation progress was made along the Belt and Road. Breakthroughs were made in oil and gas cooperation between China and the United States. In the meantime, new features have emerged in the overseas cooperation of Chinese enterprises, and a pattern of diversified investors has basically taken shape.展开更多
With the economic globalization,increasing numbers of Chinese entrepreneurs have taken an interest in international investments and acquisitions in order to expand their business territories around the world.Based on ...With the economic globalization,increasing numbers of Chinese entrepreneurs have taken an interest in international investments and acquisitions in order to expand their business territories around the world.Based on various motivations for international investments,this paper analyzed the challenges faced by Wanda,Fuyao Glass,and Fosun in regard to different business backgrounds and models,cultural concepts,as well as the changing global political and economic environments in addition to summarizing their experiences and lessons from international investments.展开更多
Xinjiang Uygur Autonomous Region ofChina is at the heart of Asia and Europecontinents.It borders on eight countries,andhas 58 porr counties and 15 State Council—approved open ports.The second EurasiaContinental Bridg...Xinjiang Uygur Autonomous Region ofChina is at the heart of Asia and Europecontinents.It borders on eight countries,andhas 58 porr counties and 15 State Council—approved open ports.The second EurasiaContinental Bridge runs across Xinjiang.Inrecent years,tne region has been展开更多
With China＇s accession to the WTO and the demise of MFA, the global industrial network of textiles and garments has undergone accelerated reconstruction. In order to meet the challenges of various forms of trade fric...With China＇s accession to the WTO and the demise of MFA, the global industrial network of textiles and garments has undergone accelerated reconstruction. In order to meet the challenges of various forms of trade friction of developed countries and other low-cost challenges of developing countries and less developed countries, overseas investment by China＇s textile industry has become an important strategic choice. Using statistical data, field research and expert interviews, this paper analyzes the characteristics of the overseas investment of Chinese textile enterprises, analyzes the difficulties and challenges faced by textile and garment enterprises,展开更多
文摘The overseas oil and gas investment evaluation is one of the core tasks in overseas investment of oil and gas companies,among which risk evaluation and benefit evaluation are the most important.This paper sets forth transmission paths of risk factors to the investment benefit by identifying 14 overseas oil and gas investment risks in four categories.On the basis of the concept of risk compensation,different compensation mechanisms specific to each risk are designed.The risk and benefit are integrated objectively to develop a comprehensive evaluation model by correcting the recoverable reserve,adjusting benefit evaluation parameters such as investments on exploration and development,and compensating for the changes in risk factors with time through dynamic discount rate.Moreover,two cases studies,namely the evaluations of Project A in Sudan and comparison among Blocks A–G,are used to describe usage method and applicable scope of such evaluation model,respectively.According to the results,oil price is a key influencing factor for enterprise internal risk and industrial risk.Risk compensation reduces comprehensive benefit of overseas oil and gas investment and undermines the investment feasibility and priority of blocks.The research findings of this paper are free from the effects of some subject factors and avoid multi-objective decision making,and also avoid the undesired repeated calculation of risk factors.
基金Petro China Scientific Research and Technology Development Project(2021DJ3101,2022-FW-041)。
文摘The global exploration investment, new oil and gas discoveries, exploration business adjustment strategies of oil companies in 2021, and future favorable exploration domains are systematically analyzed using commercial databases such as IHS and public information of oil companies. It has been found that the world oil and gas exploration situation in 2021 has continued the downturn since the outbreak of COVID-19. The investment and drilling workload decreased slightly, but the success rate of exploration wells, especially deepwater exploration wells, increased significantly, and the newly discovered reserves increased slightly compared with last year. Deep waters of the passive continental margin basins are still the leading sites for discovering conventional large and medium-sized oil and gas fields. The conventional oil and gas exploration in deep formations of onshore petroliferous basins has been keeping a good state, with tight/shale oil and gas discoveries made in Saudi Arabia, Russia, and other countries. While strengthening the exploration and development of local resources, national, international, and independent oil companies have been focusing on major overseas frontiers using their advantages, including risk exploration in deep waters and natural gas. Future favorable exploration directions in the three major frontiers, the global deep waters, deep onshore formations, and unconventional resources, have been clarified. Four suggestions are put forward for the global exploration business of Chinese oil companies: first, a farm in global deepwater frontier basins in advance through bidding at a low cost and adopt the “dual exploration model” after making large-scale discoveries;second, enter new blocks of emerging hot basins in the world through farm-in and other ways, to find large oil and gas fields quickly;third, cooperate with national oil companies of the resource host countries in the form of joint research and actively participate exploration of deep onshore formations of petroliferous basins;fourth, track tight/shale oil and gas cooperation opportunities in a few countries such as Saudi Arabia and Russia, and take advantage of mature domestic theories and technologies to farm in at an appropriate time.
基金Under the auspices of Australian 2000 small ARC grant!(No.S7004950).
文摘Twenty years’ economic reform and open door practice have made China not only an important host nation to foreign direct investment (FDI), but also the largest FDI home nation among the developing countries. In fact, since the late 1980s, the Chinese government has not simply put its effort into exporting made-in-China" products to earn foreign currency or into encouraging foreign inward capital, but also actively encouraged its manufacturers to invest overseas. This paper examines China’s outward FDI and poses the question to what degree China is expected to follow the other East Asian economies or will it forge its own particular patterns. The first section of this paper reviews the characteristics of FDI of China’s neighbors and then it turns to examine the spatial patterns of and motivations for China’s FDI. Finally, this paper looks at potential of China’s outward investment in the near future. It concludes that China is not Japan but its potential for further outward FDI is huge. With its WTO membership and growing economy, China will become the second to Japan or USA. It will also use its financial power to further contain Taiwan’s independence.
文摘From the perspective of internal and external environment analysis,we construct the risk identification index system for overseas investment enterprises.Combined with the theory of comprehensive evaluation and risk early warning,the risk location system of overseas investment is established.The risk intelligence decision model is constructed by rough set theory,and the risk identification,risk location and risk decision of overseas investment are studied,and are empirically analyzed with cases in overseas investment.
文摘In recent years, China＇s agriculture has accelerated in ＂going global＂, and in particular, the over 60 countries along the area under the Belt and Road Initlative boasts rich agricultural resources, which is very convenient for China＇sagricu.lmre to go global.
文摘This paper reviews the history of cooperation in overseas oil and gas among Chinese oil companies and selects two indicators of production and initial planned investment to systematically review and analyze in depth the overseas cooperation process of Chinese oil companies.Based on the analysis of produced quantities (entitlement),it summarizes the current situation,scale and pattern of Chinese enterprises'overseas business. Based on the analysis of the initial planned investment,it summarizes the five stages in the development of overseas cooperation and the development characteristics of each stage.
文摘According to McKinsey’s report, 67% of the domestic enterprises’ overseas investments have failed. Compared with other countries’ overseas investment failure proportion, is China’s 67% high?
文摘Usually, China’s overseas investment refers to direct investment (capital, equipment, technology, patent fights and trademark) from Chinese enterprises, corporations and other organizations to set up overseas joint ventures, cooperative operations, wholly-owned enterprises or other
文摘Located along China’s southeast coast and at the southem tip of the Yangtze River Delta and looking to Shanghai,China’s number one metroplius,Zhejiang Province has a land area of 100,000 square kilometres and a sea area of 260。
文摘China's mainland reported a 39.85 percent surge in the actual use of invest- ment from other areas in the first eight months over the same period last year. Investment inflow reached US＄74.37 billion during the January to Septem- ber period,the Ministry of Commerce said on October 10.
文摘In this paper, we conduct analysis on the pathway of implementation of QDII and Chinese enterprises overseas investment riskfrom the perspective of capital market internationalization. From the perspective of enterprise development, the multi-level capital market is thesource of vitality. China’s economy went into a state of dual economy, on the one hand there are a number of large and medium-sized stateownedenterprises, on the other hand are the thriving entrepreneurial companies while individual demand for capital market is different, differententerprises listed on the threshold. In the world economy, international direct investment is the most can refl ect one of the economic operationsof the concept of economic globalization, and has inseparable relation with international trade. Along with the economic globalization process isaccelerated, overall, the international foreign direct investment and international trade interaction, promote each other, are dramatically increasingand expanding. This paper integrates the research on the related issues to propose the new suggestions that will be innovative and necessary.
文摘This paper analyzes the status quo and progress of overseas oil and gas business cooperation built by Chinese oil enterprises in 2017. With the slow recovery of the oil and gas industries as a whole, the overseas oil and gas business of Chinese oil enterprises has continued to grow in size, and all-round cooperation progress was made along the Belt and Road. Breakthroughs were made in oil and gas cooperation between China and the United States. In the meantime, new features have emerged in the overseas cooperation of Chinese enterprises, and a pattern of diversified investors has basically taken shape.
文摘With the economic globalization,increasing numbers of Chinese entrepreneurs have taken an interest in international investments and acquisitions in order to expand their business territories around the world.Based on various motivations for international investments,this paper analyzed the challenges faced by Wanda,Fuyao Glass,and Fosun in regard to different business backgrounds and models,cultural concepts,as well as the changing global political and economic environments in addition to summarizing their experiences and lessons from international investments.
文摘Xinjiang Uygur Autonomous Region ofChina is at the heart of Asia and Europecontinents.It borders on eight countries,andhas 58 porr counties and 15 State Council—approved open ports.The second EurasiaContinental Bridge runs across Xinjiang.Inrecent years,tne region has been
文摘With China＇s accession to the WTO and the demise of MFA, the global industrial network of textiles and garments has undergone accelerated reconstruction. In order to meet the challenges of various forms of trade friction of developed countries and other low-cost challenges of developing countries and less developed countries, overseas investment by China＇s textile industry has become an important strategic choice. Using statistical data, field research and expert interviews, this paper analyzes the characteristics of the overseas investment of Chinese textile enterprises, analyzes the difficulties and challenges faced by textile and garment enterprises,
