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Sinopec Agrees 50 Percent Chesapeake Stake

China Petroleum and Chemical Corp, or Sinopec, the countrys top refiner, has agreed to buy 50 percent of the US-based Chesapeake Energy Corps Mississippi Lime oil and gas assets for $1.02 billion, the latest move by a Chinese oil company in......【More】

2013-02-27

Fuel for Thought in China

Since late last year, many of the countrys largest cities have often been blanketed by nasty smog. The poor air quality has spurred debate over the most effective ways to cut pollution. One of the bigger questions is how to better control e......【More】

2013-02-26

Natural Gas Fracking May Be the Only Industry in China That's Developing Slowly

In China, everything is booming. Last year, the countrys worst-performing year in more than a decade, the economy grew by a more-than-respectable 7.8 percent. China is now the number two economy in the world, and this rampant growth has bro......【More】

2013-02-26

Seth Kleinman: Chinese 'Will Look Abroad for Oil'

The International Energy Agency was quoted yesterday saying that for the first time China is poised to become an oil producer to rival Opec members such as the United Arab Emirates and Kuwait. Its state-owned oil companies spent a record $3......【More】

2013-02-25

PetroChina, Conoco Team Up

PetroChina, the countrys largest oil producer by output, said Thursday it has entered a series of agreements with US energy company ConocoPhillips to buy stake in Conocos two gas projects in Australia, and the two companies will also start......【More】

2013-02-25

ConocoPhillips, PetroChina Announce Joint Deal

ConocoPhllips and PetroChina have established a joint study agreement to develop unconventional resources in Chinas Sichuan Basin, and the Chinese oil production and distribution company is acquiring interests in offshore and onshore explor......【More】

2013-02-22

CNPC to Share Equities of ConocoPhillips Projects

China National Petroleum Corporation (CNPC) will gain some parts of U.S. ConocoPhillips equities in western Australia, according to an agreement reached on Wednesday. CNPC, Chinas largest state-owned gas and oil producer, will share 20 perc......【More】

2013-02-22

China's Secrecy over Oil Demand, Stock Data a Hurdle to Energy Security: IEA

The International Energy Agency remains largely in the dark over the real pace of Chinas surging oil demand despite long-running attempts to persuade the county to publish official data on consumption and oil stocks, the IEAs top energy sec......【More】

2013-02-21

Rosneft in China Oil Talks

Russias leading oil company Rosneft has been in talks with major Chinese oil companies about possible joint development of offshore oil on the Russian shelf, a plan which analysts said Tuesday could diversify Chinas oil imports and improve......【More】

2013-02-21

Penglai Oil Block OK'd to Restart Production

CNOOC Ltd, Chinas largest offshore oil explorer, said on Sunday that the Penglai oil block in the northeastern coast has received permission from the government to restart operations, 17 months after an oil spill. The State Oceanic Administ......【More】

2013-02-20