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Power Company Can't Unload Its New Coal-To-Gas Facility Fast Enough

Datang International Power Generation Co. Ltd., a listed state-owned enterprise with core business in electricity generation, signed an agreement with a subsidiary of the countrys state-owned assets watchdog on July 7 to separate itself fro......【More】

2014-08-06

Shale gas market to 2019

A recent report by Research and Markets has suggested that the demand for shale gas is constantly increasing as depleting energy reserves have forced the world to focus on unconventional sources of energy. The report indicates that the succ......【More】

2014-08-05

China Expands Offshore Oil Fleet for Contested Waters

China is accelerating the expansion of its offshore oil fleetand adding coast guard vessels to protect itas it ventures farther into the sea for energy resources, threatening more altercations with neighbors. Chinese companies from the gian......【More】

2014-08-04

CNOOC South China Sea Panyu project starts producing

China National Offshore Oil Corporation (CNOOC) launched production at its Panyu 0-2/5/8 project in the South China Sea. Panyu 0-2/5/8 is located in the Pearl River Mouth Basin, off Chinas southeastern coast. Panyu 0-2/5/8 includes three oi......【More】

2014-08-01

ABS to class the first CNG carrier

ABS has been selected to class the worlds first compressed natural gas (CNG) carrier ordered by Pelayaran Bahtera Adhiguna, a subsidiary of Indonesias state-owned power company Perusahaan Listrik Negara (PT PLN). The CNG carrier has been de......【More】

2014-07-31

Athabasca Oil Corp downgraded on PetroChina troubles

Athabasca Oil Corp. was downgraded at Raymond James on growing concerns about its relationship with PetroChina. Analyst Chris Cox lowered his rating on the stock to market perform from outperform and cut his price target to $7.50 from $10,......【More】

2014-07-30

China oilfield firms muscling in on sanctions-hit Russia

Chinese oilfield equipment makers are increasing their focus on the Russian market, with some already reporting a rise in enquiries and business as they manoeuvre to take advantage of American and European threats to restrict the flow of oi......【More】

2014-07-29

PetroChina reconsiders sale of natural gas pipeline assets: sources

PetroChina is reconsidering a plan to auction off its multi-billion dollar natural gas pipeline unit, and could instead sell it to an affiliate, three people who were briefed on the matter by the Chinese energy giant told Reuters. Selling P......【More】

2014-07-28

Russian crude exports fall to six-year low as Putin emphasizes refining

Russias crude exports on tankers are poised to fall to the lowest in at least six years as a government push to improve and expand domestic refineries means more oil is exported as fuels like diesel. Seaborne crude shipments from the worlds......【More】

2014-07-25

Pemex fire at Ciudad Madero refinery storage tank causes minor injuries

Nine Petroleos Mexicanos employees reported minor injuries after a storage tank at a refinery in Ciudad Madero caught fire late on Tuesday night. Seven workers have been treated for dehydration and two for minor burns, according to a Pemex......【More】

2014-07-24