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CNOOC's overseas LNG supply base begins operation

China National Offshore Oil Corporation (CNOOC), the countrys largest offshore oil producer, announced on Monday that its overseas liquefied natural gas (LNG) supply base has started operation. The Queensland Curtis LNG project in Australia......【More】

2015-05-27

Shell submits Fushun-Yongchuan shale development plan

Shell has submitted a plan to be reviewed by partner China National Petroleum Corp. for the development of the Fushun-Yongchuan shale gas block, Joanne Chu, unconventional technical manager for Shell China, told Interfax. Chu added a final......【More】

2015-05-26

US to Export LNG to China

Buyers from China are looking at long term liquefied natural gas (LNG) supplies from US firm Cheniere Energy, news agency Reuters quoted a company official as saying. This would be the first LNG deal between the worlds two biggest energy us......【More】

2015-05-25

China Hands Brazil Multi-Billion Dollar Lifeline for Oil

China extended billions of dollars in loans and investment to Brazil as the South American nation reels from a slowing economy and a corruption scandal engulfing its largest oil producer. China Development Bank and the Asian countrys export......【More】

2015-05-22

Sinopec, BP sets up marine fuel joint venture

Chinas top oil refiner Sinopec Corp and Britain-based energy giant British Petroleum (BP) co-established a marine fuel company on Tuesday to explore the global market with combined advantages. A subsidiary of Sinopec signed the agreement wi......【More】

2015-05-21

China’s shale output to reach 5 bcm in 2015

Chinas shale gas output will reach 5 billion cubic metres in 2015, the Peoples Daily newspaper reported, citing a researcher from the Development Research Centre of the State Council. Output will reach 30 bcm in 2020, accounting for 15% of......【More】

2015-05-20

China looks to create new pipeline business

Chinas economic planning agency, the National Development and Reform Commission (NDRC) is leading talks on spinning off oil and gas pipeline assets from Sinopec and PetroChina Pipelines into independent businesses, according to people famil......【More】

2015-05-19

PetroEcuador seeks to diversify finance sources

State-owned PetroEcuador is holding talks with Thai state-controlled oil firm PTT to secure a $500mn oil-backed loan to help finance its investment programme. PetroEcuador aims to finalise the deal this month, the company and oil ministry o......【More】

2015-05-18

Oil through a Chinese looking glass

Asia Unhedged thinks the latest global oil import figures give ample food for thought in gauging the real severity of Chinas economic slowdown. Reuters reported Monday that China overtook the U.S. as the worlds top importer of crude oil for......【More】

2015-05-15

China to Need Gas from Both Turkmenistan and Russia

Chinas growing demand will need natural gas from both Turkmenistan and Russia, Tao Wang, expert at Carnegie-Tsinghua Center for Global Policy believes. Chinas energy transition and economy will see natural gas demand increasing quickly in t......【More】

2015-05-14