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Why Santos’ David Knox is bullish on LNG

It is rare to find leading analysts covering an industry to be completely at odds with the chief executive of the major player. Thats why you will find the KGB interview with Santos chief David Knox, to be published later today, so fascinat......【More】

2014-06-16

Sinopec targets Chinese shale with first-of-its-kind FTSI joint venture

his joint venture collaboration is the culmination of a multi-year effort by both companies to bring FTSIs hydraulic stimulation capabilities and expertise to China. Upon incorporation in China, the joint venture company, SinoFTS Petroleum......【More】

2014-06-13

China set for ‘Golden Age’ of natural gas

In its latest medium-term forecasts for the natural gas sector, the IEA trimmed its five-year outlook for consumption by 0.2 points to an annual increase of 2.2 per cent as European countries step up use of renewable energy. However, it sai......【More】

2014-06-12

CNPC CALLED 'WINNER' IN GAZPROM GAS DEAL

The $400 billion natural gas deal Gazprom signed with China National Petroleum Corp. last month strongly favors the Chinese company and its country, writes an analyst with Chatham House, the Royal Institute of International Affairs, London......【More】

2014-06-11

China's oil imports fall

Chinas daily crude oil imports fell in May, after reaching a record high in April, as refining capacity dropped the most this year due to maintenance. Net overseas purchases were 26.08 million tonnes, according to data released by the gener......【More】

2014-06-10

BHP Billiton to follow China on its next growth journey

BHP Billiton will invest heavily in energy and food as it follows China on its transition from a construction-led economy to a consumption power-house. Speaking to the media in Beijing where he wound up a 10-day tour of meeting BHPs commodi......【More】

2014-06-09

China's Sinopec, Kuwait Petroleum ink cooperation pact on oil and refining

Chinas state-owned Sinopec said Wednesday it has signed a pact with Kuwait Petroleum Co to enhance cooperation in the oil sector, including refining. Sinopec, or China Petrochemical Corp., said the deal was signed Tuesday in Beijing in the......【More】

2014-06-06

Trans-Asia Gas Pipeline signs with Tajiktransgaz for Line D

China National Petroleum Corp. says Line C of the Central Asia-China Gas Pipeline became operational May 31 with the turn of a valve in Uzbekistan to receive gas from Turkmenistan. The 1,830-km line runs parallel with Line A and Line B. It......【More】

2014-06-05

Oil price: Brent crude falls to $109 on output rise

Crude Oil Price Brent futures for July delivery declined by almost 0.5 percent on Friday to finish the week at $109.56 a barrel. The benchmark crude price has eased further today and was trading at $109.00 as of 14:15. Brent rose 1.24 perce......【More】

2014-06-04

Sinopec units suspended from trading, restructuring expected

Shares of two listed units of Chinese oil giant Sinopec Group - drilling equipment maker Kingdream and Sinopec Yizheng Chemical Fibre Co Ltd 1033.HK - were suspended from trading on Wednesday, pending announcements on transactions related t......【More】

2014-06-03