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CNOOC's gas field in South China Sea starts production

Chinas largest producer of offshore oil and gas, CNOOC, announced production has begun at the Liuhua 34-2 gas field in the South China Sea on Monday. CNOOC has a 51 percent working interest in the Liuhua 34-2 gas field, while Husky Oil Chin......【More】

2014-12-16

Shell Looks to Sell Stake in China Lubricants Business Tongyi

Royal Dutch Shell PLC is , as the Anglo-Dutch oil giant sheds assets across the globe amid falling oil prices. The company has started a sale process for its 75% stake in the Tongyi oil lubricants joint-venture with bids expected to come in......【More】

2014-12-15

CNOOC signs contracts with Kuwaiti company on oil exploration

China National Offshore Oil Company (CNOOC) Limited said its parent company CNOOC signed production sharing contracts with Kuwaiti company KUFPEC for three blocks in the South China Sea on Wednesday. CNOOC will act as the operator of the th......【More】

2014-12-12

China and Russia reshape world energy dynamics

Dong Xiucheng, deputy dean of the School of Business Administration at the China University of Petroleum, speaks to Interfax about Sino-Russian energy cooperation and Chinas gas price reforms. Interfax: China and Russia are entering an age......【More】

2014-12-11

China Nov crude oil imports up 7.9 pct y/y, may be boosting reserves

Chinas crude imports rose a stronger-than-expected 7.9 percent in November from a year earlier, even though growth in fuel demand remained subdued in the worlds second-largest consumer, suggesting the country may be boosting its reserves. N......【More】

2014-12-10

PetroChina share price rise hits daily limit after shale JV news

PetroChina share price rise hits daily limit after shale JV news Shares of PetroChina Co Ltd rose by the daily limit on Thursday, following reports that the company has formed a joint venture to explore its shale gas projects in Chongqing M......【More】

2014-12-09

PetroChina teams up with Sinochem to tap Chinese shale gas

PetroChina has teamed up with Sinochem Corp to tap shale gas from five blocks in the southwest of China, the state-run companies said. The two firms, together with State Development and Investment Corp (SDIC) and a local company, have joint......【More】

2014-12-08

Sinopec ups investment in Fuling shale gas field

Sinopec expects to have ploughed a total of RMB 24 billion ($3.9 billion) of investment into the Fuling shale gas field in Chongqing by next year, as part of attempts by the state energy giant to boost production capacity at the project, a......【More】

2014-12-05

Sinopec Kantons Has Plenty In The Tank

Savvy investors can make good money by anticipating the future. In the case of battle-weary investors in the oil industry, it may pay them to keep a close eye on futures, crude oil futures that is. If investors spared a moment to divert the......【More】

2014-12-04

3 gas fields in South China Sea start production

Three gas fields in the South China Sea have started operations, China National Offshore Oil Corporation (CNOOC), the owner of the resources, announced on Monday. The fields off the coasts of Guangdong Province and Hainan Province have a to......【More】

2014-12-03