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Three world leading oil firms to sit out bidding for Brazil oil reserve

Three of the worlds leading oil companies, Exxon Mobil, BP and BG, have decided not to take part in the upcoming international bidding for rights to explore Brazils deep-water Libra oil reserve, Brazils National Petroleum Agency (ANP) said......【More】

2013-09-22

Petrobras CEO irked by U.S. spying, denies data being compromised

Maria das Gracas Silva Foster, CEO of Brazils state-owned oil giant Petrobras, said Wednesday that alleged attempts by U.S. intelligence to spy on the countrys strategic oil data have failed. Addressing a senate hearing, Silva Foster said s......【More】

2013-09-22

China to invest 80 bln yuan in exploring oil, gas this year

Chinas investment in exploration of oil and gas resources is expected to stand at 80 billion yuan (13.07 billion U.S. dollars) in 2013, according to the Ministry of Land and Resources. Such investment has risen steadily in China over the pa......【More】

2013-09-16

China, Russia sign agreement for natural gas

China National Petroleum Corp and Russias Gazprom signed an agreement to export gas to China through the eastern pipeline. The agreement was signed in the Russian city of St. Petersburg. Chinese President Xi Jinping, who was there to attend......【More】

2013-09-15

Oil, gas industry potential recognized at Offshore Europe in northeastern Scotland

The oil and gas industrys future potential was recognized at the Offshore Europe Conference and Exhibition which closed on Friday in Aberdeen city in northeastern Scotland. On the theme of The Next 50 Years, Malcolm Webb, chairman of this y......【More】

2013-09-11

Oil giants fail environmental tests

The countrys two major oil providers China National Petroleum Corp and China Petroleum and Chemical Corp have been punished by the Environmental Protection Ministry for failing their 2012 environmental tests. The evaluation, released on Aug......【More】

2013-09-10

Oil lower despite bullish China data; Syria in focus

Oil futures traded lower during Tuesdays Asian session as traders focused more on the easing of Syria tensions rather than some bullish Chinese economic data released on Monday. On the New York Mercantile Exchange, light, sweet crude future......【More】

2013-09-09

Sinopec takes stake in Egyptian oil

China Petrochemical Corp, or Sinopec Group, has agreed to pay $3.1 billion for a 33 percent stake in Apache Corps Egyptian oil and natural gas business, its biggest purchase in the Middle East and a sign of Chinas increasing overseas energy......【More】

2013-09-06

Sinopec hikes East China ex-works isomer-MX price by Yuan 200/mt

China Petroleum Chemical Corp, or Sinopec, has raised its East China price for isomer-grade mixed xylenes by Yuan 200/mt or 2.3% effective Monday, market sources said Tuesday. The companys isomer-MX ex-works price at its four subsidiaries i......【More】

2013-09-05

CPC Corp. hikes fuel prices by NT$0.7 per liter

Effective midnight today, fuel prices will be increased by NT$0.7 per liter, CPC Corp. (中油) said yesterday. Following the price increase, the per-liter prices of 92-octane, 95-octane and 98-octane gasoline will be NT$34.7, NT$36.2 and N......【More】

2013-09-04