A fire that broke out during routine maintenance of several oil wells operated by Petrochina and Pertamina in East Java, Indonesia, on Tuesday has shut down 4,000 barrels per day of crude production, the countrys oil and gas regulator (SKKM......【More】
2014-05-29A decade of negotiations resulted in a new accord between China National Petroleum Corporation (CNPC) and Russias Gazprom during President Putins visit to Beijing in May 2014. It paves the way for development of the mammoth Chayanda natural......【More】
2014-05-28This year has seen plenty of activity by the oil and gas industry in the Barents Sea, offshore Norway, as European explorers move further northwards in their quest to find new deposits of hydrocarbons. Recent months have seen exploration dr......【More】
2014-05-27China Petroleum Chemical Corp., or Sinopec, is pushing to start a new phase in an Iranian oil-field development, a plan Iran says it is likely to approve, according to people familiar with the project. The push is part of a broader attempt......【More】
2014-05-26GlobalData reports that China and Australia are becoming two of the most important emerging markets for shale and coal bed methane (CBM) exploration. In its latest report Emerging Unconventional Resources Overview - Regulatory Environment,......【More】
2014-05-22Russian President Vladimir Putin hopes to sign a multi-billion dollar gas agreement with China during a two-day visit that kicks off on Tuesday, ending more than a decade of false starts and wrangling over a deal seen as vital to both sides......【More】
2014-05-21Primeline Energy Holdings Inc. announced that the overall development programme for its LS36-1 gas field development (Development) has received final approval from the Chinese Government. China National Offshore Oil Corporation (CNOOC) noti......【More】
2014-05-20Chinas imports of liquefied natural gas (LNG) are growing at a record pace as it aims to use cleaner fuels to cut smog in big cities, creating a powerful new source of demand that has the potential to reshape the market for the super-chille......【More】
2014-05-19Chinas top anti-graft body said on Thursday is was investigating a former executive at an oil firm owned by state-run China National Petroleum Corp , as the government presses ahead with an anti-corruption campaign targeting the energy sect......【More】
2014-05-16Neo-political wrangling remains the impetus for oil markets, as concerns relating to Ukraine and scepticism over Libyas export recover trumped disappointing demand stats out of China. Reuters statistics revealed Chinas monthly implied oil d......【More】
2014-05-15