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Sinopec oils the wheels of overseas growth

It will come as no surprise that China Petrochemical Corp, also known as Sinopec, has agreed yet another deal with an overseas oil producer. Sinopecs recently announced 33 percent stake in the Egypt-based oil and gas business of US firm Apa......【More】

2013-10-11

Sinopec Shanghai Petrochemical Announces Annual Dividend of $0.82

Sinopec Shanghai Petrochemical (NYSE:SHI) announced a annual dividend on Monday, October 7th, Analyst RN reports. Investors of record on Thursday, October 24th will be paid a dividend of $0.8168 per share on Monday, December 16th. This repr......【More】

2013-10-10

Taiwan: LNG Carrier Due at Yung-An on Oct 5

Taiwans Yung-An LNG terminal is due to receive a cargo of liquefied natural gas from Indonesia on October 5, according to the Kaohsiung Port Authority. The Golar Mazo tanker, with a capacity of 135,000 cbm, is sailing from Indonesias Bontan......【More】

2013-10-08

Brazil discovers large oil deposit in northeast

Brazilian state-run oil giant Petrobras on Friday confirmed the discovery of a large crude oil deposit off the coast of the northeastern Sergipe state. The reserve could yield nearly a billion barrels of crude, representing one of the world......【More】

2013-09-30

BP oil spill's second-phase trial to determine size of fines

Lawyers will return to a federal court in New Orleans Monday to debate whether BPs efforts to stem an oil spill from its Macondo well blowout were adequate and how much oil was released. Billions of dollars in federal fines will be at stake......【More】

2013-09-29

CNPC's first 2300 Fracturing Truck passes industrial test

On September 13, CNPCs first 2300 Fracturing Truck successfully passed the industrial test after 13 days of onsite application in the largest scale sandfrac acidizing operation at Well Wei-205, the companys key project for shale gas explora......【More】

2013-09-27

Shell declares force majeure in Nigeria after pipeline damage

Royal Dutch Shell on Monday declared a force majeure on its Bonny Light exports in southern Nigeria after it observed leakages on its pipelines. Some 150,000 barrels of oil and 500 million standard cubic feet of gas per day are deferred, Sh......【More】

2013-09-26

Crude oil futures edge lower as traders shrug off upbeat China PMI

Crude oil futures edged lower to trade at the weakest level in four-weeks on Monday, as market players shrugged off the release of upbeat Chinese manufacturing data and continued to focus on receding concerns over a disruption to supplies f......【More】

2013-09-25

China gasoline exports soar in August

Chinas net exports of gasoline in August rose to the highest in 31 months as refiners exhausted their quotas before domestic demand for motor-fuel increases in September as a result of national holidays. Overseas sales of gasoline exceeded......【More】

2013-09-24

CNOOC to start trading in Canada

China largest offshore oil and gas producer, CNOOC announced that the company is to issue shares on the Toronto Stock Exchange (TSX ) Wednesday after receiving the approval from the Canadian Stock Exchange. The listing was part of the compa......【More】

2013-09-23