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CNPC, Recope agree on refining JV finance

China National Petroleum Corp. and Refinadora Costarricense de Petroleo (Recope) have signed a cooperation agreement for financing the refining joint venture they have formed in Costa Rica (OGJ Online, Sept. 4, 2009). The JV is to revamp th......【More】

2013-06-08

Sinochem takes large stake in US shale block

Sinochem Group, a State-owned conglomerate involved in energy, agriculture, chemicals, real estate and financial services, has purchased a 40 percent stake in a US shale gas block. Sinochem Petroleum USA LLC, a subsidiary of Sinochem, on Fr......【More】

2013-06-07

Gasoline in Midwest Spikes on Supply Concern

The final and holiday-shortened trade week in May brought about a great amount of volatility in US oil markets, which whipsawed in futures and spot trading on a multitude of concerns ranging from assessments of U.S. and global economies, Fe......【More】

2013-06-06

China boosts oil presence in turbulent Myanmar

Chinas national oil company said its finished building six new oil storage tanks on a tiny island off the coast of Myanmar. More work is planned there in terms of pipeline infrastructure as China tries to get around busy shipping lanes. Inv......【More】

2013-06-05

CNOOC to fund Altona early works on multi-billion dollar coal-to-liquids project

Chinese energy giant China National Offshore Oil Corporation has committed significant funding to accelerate work on a multi-billion dollar joint venture project with Altona Energy in the states north - first announced in 2009. The financia......【More】

2013-06-04

Trans-Myanmar pipeline ready for trials: CNPC

The Trans-Myanmar natural gas pipeline has been completed and is ready for trial operations, state-owned China National Petroleum Corporation (CNPC) said on its website on Friday, adding that a parallel oil pipeline is 94 percent complete,......【More】

2013-06-03

CNPC chief visits Myanmar's president

China National Petroleum Corp. had in-depth discussions on oil and natural gas projects in Myanmar during a visit to the country, the company said. CNPC President Liao Yongyuan met in Naypyitaw with Myanmar President Thein Sein. They had an......【More】

2013-05-31

China CNPC Nearing Completion of Key Burma Oil Storage Facility

Top state energy group China National Petroleum Company has completed six oil storage tanks on an island off western Burma from which two pipelines will carry fuel to China, and will soon finish six more, an industry official said on Tuesda......【More】

2013-05-30

Fire breaks out at CPC plant in south

A fire broke out Monday at a residue desulfurization unit operated by state-controlled oil refiner CPC Corp., Taiwans (CPCs) factory in Kaohsiung, but there were no casualties, the citys Environmental Protection Bureau said. A preliminary r......【More】

2013-05-29

Sinopec eyes up North Sea opportunities

The state-owned Chinese oil and gas giant Sinopec is eyeing more acquisitions in the North Sea. Yi Zhang, chief executive of Sinopecs Addax subsidiary, said: There are several targets at the evaluation stage. I believe that this year someth......【More】

2013-05-28