Industry News|cippe Zhenwei Shanghai Petrochemical Show|ZHENWEI EXPO

PetroChina seeks non-state allies for joint ventures

PetroChina, the countrys largest oil and gas producer, will seek further co-investments in projects with private enterprises and foreign firms after forming a joint venture with two fund management firms in June. We will expand our co-opera......【More】

2013-08-26

PetroChina poised to dominate Iraqi oil

PetroChina Co, Chinas largest oil explorer, may join with United States-based energy giant Exxon Mobil Corp to co-develop the West Qurna oilfield in Iraq, which would make the Chinese company the biggest single foreign investor in the Iraqi......【More】

2013-08-16

China approves first floating terminal for LNG imports

China National Offshore Oil Corp (CNOOC) said it had won final government approval to build Chinas first floating terminal for liquefied natural gas (LNG), a type of terminal that will allow it to increase imports rapidly. China, the worlds......【More】

2013-08-15

Changxing Island speeds up work on petrochemical industry park

The Changxing Island Industrial Zone has announced that it will pick up the pace of work on a global petrochemical industry park, in the city of Dalian, Liaoning province, on Aug 6. In the second half of this year, the zone will give priori......【More】

2013-08-14

CNPC and CDB sign strategic cooperation agreement

On August 9, CNPC and China Development Bank (CDB) signed a strategic cooperation agreement in Beijing. CNPC Chairman Zhou Jiping and CDB Chairman Hu Huaibang had a discussion on further promoting cooperation and attended the signing ceremo......【More】

2013-08-13

SINOPEC receives second tranche of funds for gas project

The Chinese Development Bank has disbursed the second tranche of funds to lead contractors of the gas project, SINOPEC. Though its unclear how much is involved, the funds are expected to enhance the completion of the gas project at Atuabo.......【More】

2013-08-12

China's crude oil imports up 19.6% in Jul

China, the worlds second largest oil consumer after the U.S., imported 26.11 million metric tons of crude oil in Jul this year, 19.6% more than in the same month of last year, according to the latest figures from Chinas General Administrati......【More】

2013-08-09

Shale Gas: lack of information means fear of unknown

Nick Herbert, MP for Arundel and South Downs, has highlighted increasing concerns in rural England about the impact fracking may have on our matchless countryside. Shaun Spiers, the Campaign to Protect Rural Englands Chief Executive replies......【More】

2013-08-08

Shale gas body to pitch out Brussels public affairs project

The industry body for the UKs onshore gas and oil sector is gearing up to hunt for agency support for its interaction with European regulators as they study how to deal with fracking. The UK Onshore Operators Group (UKOOG) was relaunched at......【More】

2013-08-07

SINOPEC begins Guangxi LNG construction

SINOPEC Natural Gas Company started construction at the companys LNG project in Guangxi with 17.78 billion yuan of first phase investment. For a long time, lack of energy resources is one of the restrictions to fast and sustainable economic......【More】

2013-08-06