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China's Sinopec buys Marathon's Angola oil fields for $1.52 billion

Chinas Sinopec Group has agreed to buy Marathon Oil Corps (MRO.N) Angolan offshore oil and gas field for $1.52 billion, Asias largest refiner producer said. Sonangal Sinopec International Ltd, the groups subsidiary, will acquire Houston-bas......【More】

2013-06-25

CNPC to Build China’s First Ever Shale Gas Pipeline

CNPC has announced that it plans to build Chinas first ever pipeline dedicated to transporting shale gas. The 57 mile long pipeline will run from shale gas fields in the Sichuan province to join with an existing pipeline in the Yunnan provi......【More】

2013-06-25

Petrobras, Sinopec in talks to build $20 billion refinery

Petrleo Brasileiro SA, Brazils state-run oil company, and China Petroleum and Chemical Corp are in talks to build a $20 billion (12 billion pounds), 300,000-barrels-a-day refinery in the South American country, according to a securities fil......【More】

2013-06-21

China approves BP plan for new Zhuhai PTA plant

BP and partner Zhuhai Port Co. have received final approvals from the government of China to build a third purified terephthalic acid (PTA) plant in Zhuhai, Guangdong, the companies announced on Tuesday. The Zhuhai 3 plant will have a capac......【More】

2013-06-20

Brightoil Zhoushan Oil Storage Project Begins

Brightoil Petroleum (Holdings) Limited [HKG:0933] (Brightoil) has hired a company to build oil storage facilities with a capacity of 1.94 million cubic meters on Waidiao Island in the Chinese city of Zhoushan for a price of RMB1.32 billion......【More】

2013-06-20

CNPC focuses on Americas over cooperation

China National Petroleum Corp (CNPC), the nations largest oil and gas producer, announced Friday that its chairman Zhou Jiping stressed the acceleration of the development of unconventional petroleum resources in the Americas after visiting......【More】

2013-06-19

Sinopec looks north for oil

China is increasing its presence in the resource-rich Arctic, with its second-largest domestic oil company acknowledging ongoing involvement in oil exploration and development in the far north. A source from Sinopec Group, Asias top refiner......【More】

2013-06-18

Shell, Guanghui Energy Plan LNG Import Terminal in China

LNG player Shell has signed a letter of intent with Guanghui Energy to set up an LNG import terminal in east China. Shell and Guanghui Energy have signed a non-binding Letter of Intent that confirms the intention of the two parties to explo......【More】

2013-06-17

PetroChina stalling Jambi gas exploration contract

Jambi Governor Hasan Basri Agus urged PetroChina to implement an agreement with Jambi administration-owned oil and gas company PT Jambi Indoguna Internasional (JII) over a gas exploration contract. The memorandum of understanding (MoU) was......【More】

2013-06-14

China's CNPC to join key Ecuador refining project

CNPC expects to firm up a draft pact by end 2013 to join a major refinery project in Ecuador and expand its oil exploration efforts there, CNPC said. CNPC Chairman Zhou Jiping had signed a framework agreement with Ecuadors Coordinating Mini......【More】

2013-06-14