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PDVSA sells four fuel oil cargoes to PetroChina for June

Venezuelas PDVSA sold three cargoes of intermediate fuel oil with 380 CST and one 3% sulfur fuel oil cargo to PetroChina for June, a source familiar with PDVSAs operations said Friday. The first intermediate fuel oil cargo is loading June 1......【More】

2014-06-24

Cnooc in talks over Cyprus gas field with Noble Energy, Delek

Cnooc (CEO) reportedly is in talks to buy 30%-40% of the Aphrodite gas field in Cyprus; Noble Energy (NBL) owns 70% of the rights of the field, and Delek Group (DGRLY) energy exploration units Avner Oil and Gas and Delek Drilling each own 1......【More】

2014-06-23

Chinese Employees Remain at Iraqi Oil Fields despite Violence

Most employees of two Chinese oil giants are staying in Iraq, despite a worrying security situation and a government warning that armed groups are targeting oil experts. The Iraqi government warned this month that armed groups nationwide ar......【More】

2014-06-20

CNPC 'evacuates' staff in Iraq

The CNPC employee was reported by news wires to have been hijacked while working at the Halfaya oilfield but was later released by his captors and was undergoing medical checks in hospital. The Chinese state-owned company was reported to ha......【More】

2014-06-19

Havyard sells another PSV design to Sinopec

Chinese oil company Sinopec has ordered a third Havyard design for an offshore support ship; an 832L SE platform supply vessel to be built at the Fujien Mawei shipyard. Havyard is supplying the design package for the ship, its third order f......【More】

2014-06-18

NTES surge, SFUN slide continue

Chinese energy stock advanced on Thursday as turmoil increased in Iraq. The Brent crude surged $114 this morning, lifting sentiment for oil producers. CNOOC Ltd. (NYSE:CEO), Chinas offshore oil specialist, advanced $1.9 to $175.01 followed......【More】

2014-06-17

Why Santos’ David Knox is bullish on LNG

It is rare to find leading analysts covering an industry to be completely at odds with the chief executive of the major player. Thats why you will find the KGB interview with Santos chief David Knox, to be published later today, so fascinat......【More】

2014-06-16

Sinopec targets Chinese shale with first-of-its-kind FTSI joint venture

his joint venture collaboration is the culmination of a multi-year effort by both companies to bring FTSIs hydraulic stimulation capabilities and expertise to China. Upon incorporation in China, the joint venture company, SinoFTS Petroleum......【More】

2014-06-13

China set for ‘Golden Age’ of natural gas

In its latest medium-term forecasts for the natural gas sector, the IEA trimmed its five-year outlook for consumption by 0.2 points to an annual increase of 2.2 per cent as European countries step up use of renewable energy. However, it sai......【More】

2014-06-12

CNPC CALLED 'WINNER' IN GAZPROM GAS DEAL

The $400 billion natural gas deal Gazprom signed with China National Petroleum Corp. last month strongly favors the Chinese company and its country, writes an analyst with Chatham House, the Royal Institute of International Affairs, London......【More】

2014-06-11