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Japan refiner Idemitsu looks to lease Singapore fuel-storage tanks

Idemitsu Kosan Co., Japans third-biggest refiner, is looking to lease fuel-storage tanks in Singapore as it expands its trading business in Asias oil hub. The Tokyo-based refiner plans to use the storage to blend and supply gasoline to Aust......【More】

2014-07-15

Oil heads for 3rd weekly loss, Brent over $108

Oil prices were heading for their third straight weekly loss on Friday as worries about supply disruptions in the Middle East and North Africa eased, although Brent stayed comfortably above $108 a barrel. Brent and U.S. crude prices had rec......【More】

2014-07-14

Large-scale gas injection starts at China's first carbonate gas storage

On July 3, CNPCs Xiangguosi underground gas storage entered into large-scale gas injection stage as four new injection and extraction wells became operational. The gas storage is expected to provide 10 million cubic meters of natural gas to......【More】

2014-07-11

China's Fortune 500 companies weak in profitability

More Chinese companies have made this years Fortune Global 500 list but their typical profitability is weak, according to the annual ranking released on Monday. A total of 100 Chinese firms joined the ranks of the worlds top corporations as......【More】

2014-07-10

Primeline Energy Says LS36-1 Gas Field in China Ready for Commissioning

China focused upstream player Primeline Energy Holdings on Wednesday announced that the development of its LS36-1 gas field has been completed and it is ready for commissioning and first gas production. The last part of the development work......【More】

2014-07-09

MOL and Teekay set to ink $2.8bn Yamal ships

Two shipowners are due to ink LNG carrier newbuilding orders worth just shy of $3bn for Russias Yamal LNG project in South Korea on Tuesday. Teekay is expected to sign up for six 170,000-cbm Arc7 vessels and Mitsui OSK Lines (MOL), working......【More】

2014-07-08

Total May Sell West Pacific Petrochemical Stake to PetroChina - Analyst Blog

Integrated energy firm Total SA ( TOT ) is discussing the divestiture of its 22.4% interest in China-based West Pacific Petrochemical refinery with Chinese energy giant PetroChina Co Ltd. ( PTR ), as per Reuters. The petrochemical plant, wh......【More】

2014-07-07

Pipeline problems cloud Kashagan oil outlook

A YEAR ago, one of the worlds biggest oil and gas projects, the massive Kashagan field in Kazakhstans part of the Caspian Sea, was on the verge of starting production after more than a decade of development and US$40 billion in costs. Its b......【More】

2014-07-03

Oil ticks lower as China data cheers; Iraq and Ukraine play out

Oil prices declined on Tuesday on easing concerns of supply disruptions due to the conflicts in Iraq and Ukraine, though markets gained some support from upbeat manufacturing data in China, the worlds second-biggest oil consumer. Oil market......【More】

2014-07-02

Russia Sanctions Jeopardize Access to Central Asian Energy Resources

As the Obama administration and the European Union rush to embrace energy poor, bankrupt Ukraine, deepening ties between Russia and China, as evinced by the recent $400 billion Gazprom-China contract have effectively ended the Wests opportu......【More】

2014-07-01