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2 more oil execs from CNPC 'quizzed' over graft

The Chinese government has questioned two more executives from China National Petroleum Corp as part of a wider graft investigation into the state energy giant, two people with knowledge of the matter said. CNPC and its listed unit PetroChi......【More】

2013-12-19

China keen on natural gas

As Chinas air quality continues its drastic deterioration, the country is sparing no effort in looking for ways out of the dilemma. A recent report shows that natural gas, which is much more efficient and emits much less greenhouse gas comp......【More】

2013-12-18

Myanmar-China gas pipeline cheats Myanmar society

Myanmar-China natural gas pipeline project is a cheat to the Myanmar society, say locals and law experts at a press conference titled Development and Responsible Investment held in Yangon yesterday. They also expressed disappointment over t......【More】

2013-12-17

Sinopec drills deep into Africa

Asias top refiner is expanding through investment and social involvement As Africa becomes increasingly important in the global energy structure, with growing proven reserves of oil and natural gas, China Petroleum Chemical Corp has big pla......【More】

2013-12-16

BHP Billiton expects U.S. shale business to become major cash flow generator

Global miner BHP Billiton said Wednesday that its U.S. shale oil business would be one of its major cash flow generators by 2020, contributing almost 3 billion U.S. dollars a year to the company by the end of the decade. BHP Billiton plans......【More】

2013-12-12

Oil futures gain on expectations of inventory decline

U.S. oil prices rose to a one-month high Tuesday as traders anticipated domestic storage data would show greater demand for crude. Oil for January delivery gained $1.17, or 1.2%, to end at $98.51 a barrel on the New York Mercantile Exchange......【More】

2013-12-11

China's petrochemical industry's export-import value up 2.3% in Jan-Oct

The export and import value of the petrochemical industry in China climbed 2.3% year on year to US$334.6 billion in the first ten months of this year, according to the latest statistics released by the National Development and Reform Commis......【More】

2013-12-10

China launches pipeline safety probe following deadly blast

China has launched a nationwide probe into the safety of its oil and gas pipelines following a deadly blast that killed 62 people in the eastern coastal city of Qingdao last month, the countrys safety watchdog said on Friday. The investigat......【More】

2013-12-09

Xianglu Petrochemical to test run second PTA plant in Dec

Chinas Xianglu Petrochemicals Co. Ltd. has planned the test run of its second purified terephthalic acid (PTA) plant in the end of December 2013. Currently, the plant is under the final phase of construction and test run is planned by the e......【More】

2013-12-06

China increases purchases of LNG on spot market

A push for cleaner air is driving China to become a bigger player in the global trade for liquefied natural gas (LNG). China relies on burning coal for over 65% of its electricity needs, and rapid growth means coal plants continue to prolif......【More】

2013-12-05