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Fire shuts two Petrochina and Pertamina oil wells in Indonesia

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】

2014-05-29

Energy alliance between Russia and China

A 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】

2014-05-28

Offshore Iceland: the Next Arctic Opportunity?

This 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】

2014-05-27

Sinopec Advances Iran Oil-Field Plans Despite Canceled China Deal

China 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】

2014-05-26

China and Australia key shale markets

GlobalData 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】

2014-05-22

Focus on Russia-China gas deal as Putin visits Shanghai

Russian 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】

2014-05-21

Primeline Energy gets approval for LS36-1 gas field development

Primeline 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】

2014-05-20

China LNG demand a bright spot as producers weigh major investments

Chinas 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】

2014-05-19

China CNPC oil field executive under investigation for graft

Chinas 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】

2014-05-16

Crude holds up despite Chinese demand blow

Neo-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