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PetroChina and Cnooc ink deals in Americas

Chinese state oil companies have inked two fresh deals in the Americas, as they continue to expand abroad to meet Chinas ravenous energy demand. PetroChina, Chinas largest energy company by oil and gas production, said on Wednesday it would......【More】

2013-11-14

Shell unveils latest expansion in Zhejiang

Shell unveiled its newly expanded and upgraded lubricant blending plant site with a doubled annual capacity of 400 million liters at Zhapu, Zhejiang province, on Tuesday. The company started this newest expansion in late 2011, and commercia......【More】

2013-11-13

China's crude oil imports down 13.8% in Oct

China, the worlds second largest oil consumer after the U.S., imported 20.41 million metric tons of crude oil in Oct this year, 13.8% less than in the same month of last year, according to the latest figures from Chinas General Administrati......【More】

2013-11-11

Zhenwei Annual Conference held in Tianjin for yearly review

A Zhenwei Annual Conference was kicked off in Tianjin, the headquarters of Zhenwei Exhibition Group for the review of 2013. Mr. Zhang Xueshan, president and general manager of the group delivered an import speech and over 300 delegates of B......【More】

2013-11-11

Sinopec parent plans $17.7 bln stake buyback

China Petrochemical Group, parent of Shanghai and Hong Kong listed oil giant Sinopec Corp. , plans to spend an estimated maximum $17.7 billion to buy back a 2 percent stake in the Shanghai-listed entity over the next year, in an apparent mo......【More】

2013-11-08

Turkmenistan expands export capacity of gas pipeline to China

Turkmengaz State Concern and Petro Gas LLP company (UK) will sign a contract for the communication infrastructure construction at the intersection of the second branch of the Turkmenistan-China gas pipeline with the Amu Darya River. Turkmen......【More】

2013-11-06

China's first coal-to-gas project completed

The first phase of a coal gasification project in northern China is complete and will start to supply gas to Beijing at the end of this year. The first phase is ready for production after successful tests, said Li Zhichun, director of the r......【More】

2013-11-05

Sinopec gets initial approval for $10-billion Shanghai refinery: sources

Sinopec Corp (0386.HK) won initial approval last month from Chinas top economic planner for a plan to build a $10-billion refinery and petrochemical complex in Shanghai, two company officials said. China, the worlds largest net importer of......【More】

2013-11-04

Sinopec field could reignite China shale hopes

Chinese oil giant Sinopec Corp (0386.HK)(600028.SS) is for the first time pumping shale gas from test wells in commercial quantities in what it hopes will be a breakthrough in the development of a badly needed new energy source. Stymied by......【More】

2013-10-30

CNOOC posts 16% surge in Q3 sales

CNOOC Ltd, Chinas dominant offshore oil producer, yesterday reported third-quarter sales gained 16 percent from a year earlier on higher production and crude prices. Oil and gas sales, making up almost all CNOOCs income, rose to 56.1 billio......【More】

2013-10-29