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CNPC predicts gas supply hike

The China National Petroleum Corporation (CNPC), parent company of the nations top oil and gas producer -- PetroChina, predicted on Monday that its natural gas supply at home will increase 13 percent during the upcoming winter and spring se......【More】

2013-10-17

Cambodian PM urges China's Sinopec Corp to build oil refinery by 2018

Cambodian Prime Minister Hun Sen on Monday urged China Petroleum Chemical Corporation ( Sinopec Corp), the Asias largest oil refining and petrochemical enterprise, to expedite its process to build an oil refinery in Cambodia by 2018, a spok......【More】

2013-10-15

PetroChina sticks to integration

A senior executive of PetroChina has said the energy giant will stick to its integration strategy, dispelling doubts about a plan to split the company in the aftermath of a corruption scandal. The executive, who spoke on condition of anonym......【More】

2013-10-14

China Beats US as World's Largest Oil Importer

China has overtaken the US as the worlds largest net importer of oil in September on the back of its strong economic growth and rising auto sales. The US Energy Information Administration (EIA) said Chinas oil consumption this week was more......【More】

2013-10-12

Sinopec oils the wheels of overseas growth

It will come as no surprise that China Petrochemical Corp, also known as Sinopec, has agreed yet another deal with an overseas oil producer. Sinopecs recently announced 33 percent stake in the Egypt-based oil and gas business of US firm Apa......【More】

2013-10-11

Sinopec Shanghai Petrochemical Announces Annual Dividend of $0.82

Sinopec Shanghai Petrochemical (NYSE:SHI) announced a annual dividend on Monday, October 7th, Analyst RN reports. Investors of record on Thursday, October 24th will be paid a dividend of $0.8168 per share on Monday, December 16th. This repr......【More】

2013-10-10

Taiwan: LNG Carrier Due at Yung-An on Oct 5

Taiwans Yung-An LNG terminal is due to receive a cargo of liquefied natural gas from Indonesia on October 5, according to the Kaohsiung Port Authority. The Golar Mazo tanker, with a capacity of 135,000 cbm, is sailing from Indonesias Bontan......【More】

2013-10-08

Brazil discovers large oil deposit in northeast

Brazilian state-run oil giant Petrobras on Friday confirmed the discovery of a large crude oil deposit off the coast of the northeastern Sergipe state. The reserve could yield nearly a billion barrels of crude, representing one of the world......【More】

2013-09-30

BP oil spill's second-phase trial to determine size of fines

Lawyers will return to a federal court in New Orleans Monday to debate whether BPs efforts to stem an oil spill from its Macondo well blowout were adequate and how much oil was released. Billions of dollars in federal fines will be at stake......【More】

2013-09-29

CNPC's first 2300 Fracturing Truck passes industrial test

On September 13, CNPCs first 2300 Fracturing Truck successfully passed the industrial test after 13 days of onsite application in the largest scale sandfrac acidizing operation at Well Wei-205, the companys key project for shale gas explora......【More】

2013-09-27