China focused upstream player Primeline Energy Holdings on Wednesday announced that the development of its LS36-1 gas field has been completed and it is ready for commissioning and first gas production. The last part of the development work......【More】
2014-07-09Two shipowners are due to ink LNG carrier newbuilding orders worth just shy of $3bn for Russias Yamal LNG project in South Korea on Tuesday. Teekay is expected to sign up for six 170,000-cbm Arc7 vessels and Mitsui OSK Lines (MOL), working......【More】
2014-07-08Integrated energy firm Total SA ( TOT ) is discussing the divestiture of its 22.4% interest in China-based West Pacific Petrochemical refinery with Chinese energy giant PetroChina Co Ltd. ( PTR ), as per Reuters. The petrochemical plant, wh......【More】
2014-07-07A YEAR ago, one of the worlds biggest oil and gas projects, the massive Kashagan field in Kazakhstans part of the Caspian Sea, was on the verge of starting production after more than a decade of development and US$40 billion in costs. Its b......【More】
2014-07-03Oil prices declined on Tuesday on easing concerns of supply disruptions due to the conflicts in Iraq and Ukraine, though markets gained some support from upbeat manufacturing data in China, the worlds second-biggest oil consumer. Oil market......【More】
2014-07-02As the Obama administration and the European Union rush to embrace energy poor, bankrupt Ukraine, deepening ties between Russia and China, as evinced by the recent $400 billion Gazprom-China contract have effectively ended the Wests opportu......【More】
2014-07-01China could soon be sending its oil and gas students to Taranaki to learn from the regions experts. Witt is collaborating with the Guangdong University of Petrochemical Technology, (Gupt), to offer its students a NZQA level three training s......【More】
2014-06-30Shipbuilder Kawasaki Heavy Industries Ltd. plans to construct gas carriers abroad as it strives to lower costs and take market share from Korean rivals. At present currency levels, the companys Chinese ventures are more cost competitive tha......【More】
2014-06-27Chinas top economic planner announced on Monday a rise of the retail price of gasoline by 165 yuan per tonne (26.80 U.S. dollars) and diesel by 160 yuan, from Tuesday. The adjustment will see the benchmark retail prices of gasoline increase......【More】
2014-06-26In a special report on global energy prospects, the Paris-based International Energy Agency (IEA) warns that expectations for a robust liquefied natural gas industry may fall apart due to bad economics and high transportation costs. Althoug......【More】
2014-06-25