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China approves BP plan for new Zhuhai PTA plant

BP and partner Zhuhai Port Co. have received final approvals from the government of China to build a third purified terephthalic acid (PTA) plant in Zhuhai, Guangdong, the companies announced on Tuesday. The Zhuhai 3 plant will have a capac......【More】

2013-06-20

Brightoil Zhoushan Oil Storage Project Begins

Brightoil Petroleum (Holdings) Limited [HKG:0933] (Brightoil) has hired a company to build oil storage facilities with a capacity of 1.94 million cubic meters on Waidiao Island in the Chinese city of Zhoushan for a price of RMB1.32 billion......【More】

2013-06-20

CNPC focuses on Americas over cooperation

China National Petroleum Corp (CNPC), the nations largest oil and gas producer, announced Friday that its chairman Zhou Jiping stressed the acceleration of the development of unconventional petroleum resources in the Americas after visiting......【More】

2013-06-19

Sinopec looks north for oil

China is increasing its presence in the resource-rich Arctic, with its second-largest domestic oil company acknowledging ongoing involvement in oil exploration and development in the far north. A source from Sinopec Group, Asias top refiner......【More】

2013-06-18

Shell, Guanghui Energy Plan LNG Import Terminal in China

LNG player Shell has signed a letter of intent with Guanghui Energy to set up an LNG import terminal in east China. Shell and Guanghui Energy have signed a non-binding Letter of Intent that confirms the intention of the two parties to explo......【More】

2013-06-17

PetroChina stalling Jambi gas exploration contract

Jambi Governor Hasan Basri Agus urged PetroChina to implement an agreement with Jambi administration-owned oil and gas company PT Jambi Indoguna Internasional (JII) over a gas exploration contract. The memorandum of understanding (MoU) was......【More】

2013-06-14

China's CNPC to join key Ecuador refining project

CNPC expects to firm up a draft pact by end 2013 to join a major refinery project in Ecuador and expand its oil exploration efforts there, CNPC said. CNPC Chairman Zhou Jiping had signed a framework agreement with Ecuadors Coordinating Mini......【More】

2013-06-14

Greece to hold new tender for sale of gas firm DEPA as privatization hits snag

Greece will hold a new international tender for the sale of gas firm DEPA a government official announced on Monday, as the privatization program under way in the context of efforts to raise revenues to tackle the debt crisis, hit a snag. A......【More】

2013-06-13

Oil prices rise as U.S. dollar weakens

Oil prices rose Wednesday as the U.S. dollar weakened against other major currencies. The U.S. dollar fell against most major currencies Wednesday ahead of the U.S. retail sales data for May, which is seen as another indicator for whether t......【More】

2013-06-13

China: Middle East's big oil importer

China imports more oil from the Middle East than any other region of the world. In 2011, China imported 2.9 million barrels per day (b/d) of Middle Eastern oil, which accounted for 60 percent of Chinas oil imports. For comparison, the Unite......【More】

2013-06-09