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China to Buy More Oil Rigs

China National Offshore Oil Corps NYSE:CEO drilling subsidiary China Oilfield Services is actively planning new vessels to cope with higher demand offshore China, the company said in its annual strategy preview on Thursday. Its total capita......【More】

2013-02-04

Ecuador in Talks with China's CNPC for 30% Stake in Refineria Del Pacifico

China National Petroleum Corp, or CNPC, could acquire a 30% stake in Ecuadors Refineria del Pacifico project, according to Rafael Poveda, the Andean countrys Minister Coordinator of Strategic Sectors. We are in talks for CNPC to have 30% st......【More】

2013-02-01

Foreign Expansion Ambitions to Boost China M&A

Chinas merger and acquisition (MA) activity is expected to rebound this year, driven mainly by the overseas expansion ambitions of privately owned companies in the retail and consumer goods sector, global accounting firm PricewaterhouseCoop......【More】

2013-02-01

China's Rise: Environment & Climate Change

Chinas Rise: Environment Climate ChangeChinas GDP has been growing at a rate of 10% a year for the past three decades. The country is rising quickly, no doubt. Some say Chinas pursuing the dream of becoming a global superpower, and some arg......【More】

2013-01-31

3 Conservative MPs Raised Concerns about CNOOC-Nexen Deal

Three Conservative MPs wrote to the prime minister and the industry minister to raise concerns about the contentious takeover of Calgary-based oil and gas producer Nexen by a Chinese state-run company, the CBC has learned. Documents obtaine......【More】

2013-01-31

COSCO Faces 3th Straight Year of Losses

The worlds largest bulk shipper, China COSCO, now faces the risk of delisting for its Shanghai A-shares if it fails to turn around in 2013. The shipping conglomerate posted a net loss of 10.4 billion yuan ($1.7 billion) for 2011 and is expe......【More】

2013-01-30

Top China Stories: Sinopec Employment, GDP Estimates, RMB Qianhai

Sinopec to cancel graduates employment Sinopec Group, Chinas largest oil refiner, confirmed that the groups subsidiaries canceled some of their pre-signed employment agreements in January, given that their yearly quotas for recruitment have......【More】

2013-01-30

Flames Shoot Out of Natural Gas Pipeline in China

NINGXIA HUI, China (CCTV/CNN) - A 30 meter-high blaze occurred on Friday afternoon in northwest Chinas Ningxia Hui Autonomous Region after a valve on the West-East natural gas pipeline was damaged. Rescue workers closed the upstream valve i......【More】

2013-01-29

Chevron, CNOOC Sign South China Sea PSCs

Chevron China Energy Co. and China National Offshore Oil Corp. signed production-sharing contracts for two shallow-water exploration blocks in the eastern South China Sea. Blocks 15/10 and 15/28 are in the Xijiang Sag of the Pearl River Mou......【More】

2013-01-29

China SM Stocks at Highest Level Since Aug, But Still Below 2012 Average

Styrene monomer stocks in shore tanks in East China rose week on week by about 10,000 mt to roughly 66,000 mt this week -- the highest level seen since early August 2012 -- but still relatively low, market sources said. Whether the rise of......【More】

2013-01-28