Sinopec Engineering (Group) Co., Ltd. (SEG) announced Saturday that a crawler crane with the largest hoisting capacity in the world was put into use. The crane, with the maximum lifting capacity of 4,000 tonnes, successfully lifted and inst......【More】
2013-07-08Earlier this month the Unirule Institute of Economics, a Beijing-based think-tank, said in a report that deep reform is needed in Chinas oil monopoly system, which they claim has led to low efficiency. The report said that the first step sh......【More】
2013-07-05Chinese offshore pure play oil and gas exploration and production (EP) company, CNOOC Ltd. ( CEO ) recently brought online the oil field Wenchang 8-3E. Located in the western Pearl River Mouth Basin, Wenchang 8-3E oilfield is part of the fo......【More】
2013-07-04China Petrochemical Corporation (Sinopec) said on Saturday that it has completed the purchase of 50 percent of Chesapeakes share in its Mississippi Lime assets for $1.02 billion. Chesapeake is the second-largest natural gas developer in the......【More】
2013-07-03The environmental impact assessment for a controversial chemical project was made public on Tuesday in the latest move to dispel residents fears by the plant owner and city authorities in Kunming. Released on the website of the China Nation......【More】
2013-07-03Beijing: State-owned Chinese leading oil refiner, Sinopec, announced this weekend that the company had completed the purchase of 50% of Chesapeakes stakes in its Mississippi oil and natural gas assets for $1.02bn. Sinopec acquires 425,000 a......【More】
2013-07-02Kuwait became Chinas No.1 supplier of liquefied petroleum gas (LPG) in May, accounting for almost half of the Asian nations total LPG imports, the latest government data showed. Kuwaits LPG exports to China surged 61.0 percent from a year e......【More】
2013-07-01China Petrochemical Corp. (Sinopec Group), the countrys top oil refiner, on Monday announced that it has signed a deal with U.S. oil giant Marathon Oil Corp. to buy its oil and gas field in Angola for 1.52 billion U.S. dollars. According to......【More】
2013-06-28Chinas biggest oil and gas producer, China National Petroleum Corporation, has released details of a new oil deal it signed with Russia. In a statement posted online, it says that the companys future crude oil imports from Russia will event......【More】
2013-06-27China National Petroleum Corporation (CNPC), the countrys largest oil and gas producer and supplier, said Monday that the companys future crude oil import from Russia will hit 46.1 million tonnes annually. According to of a long-term agreem......【More】
2013-06-26