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China's Biggest Oil Company to Produce Cleaner Fuel

China National Petroleum Corp, the nations biggest energy company, will spend 15 billion yuan to upgrade the quality of fuel it refines, its general manager Zhou Jiping said. The money would allow CNPC to upgrade the standard of its fuel to......【More】

2013-03-05

China May Grant Rosneft Loan for More Oil - Dvorkovich

China may grant Russian state-owned oil giant Rosneft a loan to boost China-bound oil supplies, Deputy Prime Minister Arkady Dvorkovich said on Wednesday, but did not say how much cash might be involved. A loan is not ruled out [to be given......【More】

2013-03-04

Asian Oil and Gas Companies Thirsty for Foreign Acquisitions

Asian oil and gas companies offer attractive investment opportunities, according to Pimcos February 2013 Asia Credit Perspectives. Many Asian countries, and China in particular, face rising energy deficits. Dependence on oil imports, which......【More】

2013-03-04

China Takes on More U.S. Shale Reserves

A subsidiary of China Petrochemical Corp. said it was spending $1 billion to buy half of rival Chesapeake Energy Corp.s oil and gas acreage in Oklahoma. Sinopec International Petroleum Exploration and Production Corp. said it was taking on......【More】

2013-02-28

Oil Rebounds in Asia Lifted by Data Points

Investing.com - Oil futures rebounded modestly during Wednesdays Asian as traders digested some solid U.S. economic data points that went mostly ignored in the oil pits Tuesday. On the New York Mercantile Exchange, light, sweet crude future......【More】

2013-02-28

Sinopec Buys into Chesapeake's Oklahoma Assets

BEIJING - The China Petrochemical Corporation (Sinopec) has purchased half of the stakes of the United States second-largest natural gas developer in its oil and gas assets in Oklahoma. The oil giant announced Monday that its wholly-owned s......【More】

2013-02-27

Sinopec Agrees 50 Percent Chesapeake Stake

China Petroleum and Chemical Corp, or Sinopec, the countrys top refiner, has agreed to buy 50 percent of the US-based Chesapeake Energy Corps Mississippi Lime oil and gas assets for $1.02 billion, the latest move by a Chinese oil company in......【More】

2013-02-27

Fuel for Thought in China

Since late last year, many of the countrys largest cities have often been blanketed by nasty smog. The poor air quality has spurred debate over the most effective ways to cut pollution. One of the bigger questions is how to better control e......【More】

2013-02-26

Natural Gas Fracking May Be the Only Industry in China That's Developing Slowly

In China, everything is booming. Last year, the countrys worst-performing year in more than a decade, the economy grew by a more-than-respectable 7.8 percent. China is now the number two economy in the world, and this rampant growth has bro......【More】

2013-02-26

Seth Kleinman: Chinese 'Will Look Abroad for Oil'

The International Energy Agency was quoted yesterday saying that for the first time China is poised to become an oil producer to rival Opec members such as the United Arab Emirates and Kuwait. Its state-owned oil companies spent a record $3......【More】

2013-02-25