Oil patch insider: FBI, MI5 warn against CCP; State, Hilcorp, Conoco talk LNG
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Kay Cashman Petroleum News
On July 6 at MI5’s Thames House headquarters in London MI5 director Ken McCallum and FBI chief Christopher Wray warned of the threat posed by the Chinese Communist Party in their first ever joint speech.
The heads of Britain and America’s intelligence agencies promised more investigations into China as they jointly warned that the world faces a “game changing challenge” from the CCP.
Wray warned that if China was to try to “forcibly take over Taiwan” it would “represent one of the most horrific business disruptions the world has ever seen.
The FBI director also said the Chinese government is “set on stealing your technology, whatever it is that makes your industry tick, and using it to undercut your business and dominate your market.”
McCallum and Wray accused China of deploying a global network of spies to hack and penetrate governments, businesses, and universities worldwide.
In USA Today’s coverage of the joint FBI-MI5 press conference, it said the message the U.S. wants to send is: “There are no free lunches if you see an offer from … a Chinese business entity that seems too good to be true.”
- KAY CASHMAN
Alaska in talks with Hilcorp, ConocoPhillips on LNG According to a recent Bloomberg report, the state of Alaska is in talks with Hilcorp Energy and ConocoPhillips to secure natural gas for a project that would export liquefied natural gas to Asia.
Gov. Mike Dunleavy and Frank Richards, president of Alaska Gasline Development Corp., met with officials from both companies during a recent visit to Houston about securing feedgas for the Alaska LNG project, the governor told Bloomberg in an interview.
“While terms of the discussions were not disclosed, the project has a federal permit to make and export 20 million tons of liquefied natural gas per year,” Bloomberg reported, noting “ConocoPhillips said it supports selling gas from the wellhead to the Alaska LNG project. Privately held Hilcorp didn’t respond to a request for comment.”
The feedgas talks follow a June trade mission to Japan where “Dunleavy and Richards met with company officials from JERA, Tokyo Gas, INPEX and other potential customers. The project has signed letters of intent with Asian buyers whose identities are protected by non-disclosure agreements, Richards said,” per the Bloomberg report.
- KAY CASHMAN
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