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Sino-Mongolian oil deal undercuts Russian role

Mongolian Petroleum Authority chairman G Ulziiburen announced in mid-March that Mongolia had made an agreement with PetroChina - a subsidiary of China National Offshore Oil Corporation - to exchange crude oil drilled in Mongolia with end-pr......【More】

2013-05-17

Kairiki Energy to buy onshore oilfields in northern China

Australia-based Kairiki Energy has signed a Memorandum of Understanding (MOU) with Beijing Junlun Runzhong Science Technology and Hefei Xinxin Petrochemical to acquire two onshore oilfields in northern China. The acquired assets include Dae......【More】

2013-05-16

PetroChina withdraws A$185 mln bid for WestSide

WestSide Corp. , an Australian company with coal seam gas prospects in Queensland state, said Tuesday that PetroChina Co. has withdrawn a 185.1 million Australian dollar (US$184.7 million) takeover offer for the company. PetroChina made the......【More】

2013-05-15

Myanmar pipelines to benefit China

Two pipelines in the highlands of northeast Myanmar will soon begin pumping oil and gas into China, representing a major step in Beijings quest for energy security. At the end of a bumpy road here, a 45-minute ride from the nearest town, Ch......【More】

2013-05-14

Kongsberg's SiteCom for CNOOC

Kongsberg Oil Gas Technologies (KOGT) has signed a software contract with Chinese National Offshore Oil Company (CNOOC) to deliver the SiteCom real-time drilling information solution to six regional centers. The contract with CNOOC is a res......【More】

2013-05-13

China's CNOOC to buy Australian LNG from BG

BG Group announced it has signed binding agreements with CNOOC for the sale of certain additional interests in the Queensland Curtis LNG (QCLNG) project in Australia for $1.93 billion and for the supply of an additional 5 million tpy of LNG......【More】

2013-05-10

Nexen deal helps CNOOC deliver solid Q1

CNOOC Ltd, Chinas biggest offshore oil producer, revealed first quarter results on Friday, that showed strong growth in output and sales, triggered partly by its acquisition of Nexen Inc, the Canadian oil and gas company. Output jumped 17.3......【More】

2013-05-09

Shell NZ taps Chinese investor for deep ocean oil

Shell New Zealand has announced it will start preliminary exploration for oil and gas in deep ocean between New Zealand and New Caledonia, in a 50/50 joint venture with the Chinese state-owned oil company. Shell says it will be conducting t......【More】

2013-05-08

Xianglu Petrochemical plans to start new PTA plant in Q3

China based - Xianglu Petrochemical plans to start a new purified terephthalic acid (PTA) plant by the end of the third quarter. Trial runs at the plant located at Fujian province, China are planned to be undertaken in the beginning of the......【More】

2013-05-07

Sinopec Unit in Talks With Cornerstone Investors

Sinopec Engineering (Group) Co., a construction and engineering arm of oil giant China Petrochemical Corp., is in talks with at least three Chinese cornerstone investors for its up to $2.7 billion Hong Kong initial public offering, people w......【More】

2013-05-06