Industry News|cippe Zhenwei Shanghai Petrochemical Show|ZHENWEI EXPO

China looks to create new pipeline business

Chinas economic planning agency, the National Development and Reform Commission (NDRC) is leading talks on spinning off oil and gas pipeline assets from Sinopec and PetroChina Pipelines into independent businesses, according to people famil......【More】

2015-05-19

PetroEcuador seeks to diversify finance sources

State-owned PetroEcuador is holding talks with Thai state-controlled oil firm PTT to secure a $500mn oil-backed loan to help finance its investment programme. PetroEcuador aims to finalise the deal this month, the company and oil ministry o......【More】

2015-05-18

Oil through a Chinese looking glass

Asia Unhedged thinks the latest global oil import figures give ample food for thought in gauging the real severity of Chinas economic slowdown. Reuters reported Monday that China overtook the U.S. as the worlds top importer of crude oil for......【More】

2015-05-15

China to Need Gas from Both Turkmenistan and Russia

Chinas growing demand will need natural gas from both Turkmenistan and Russia, Tao Wang, expert at Carnegie-Tsinghua Center for Global Policy believes. Chinas energy transition and economy will see natural gas demand increasing quickly in t......【More】

2015-05-14

Liebherr sells first set of knuckle boom cranes to China

Recently, Liebherr offshore crane division has signed a ground-breaking contract with its long-time partner Dalian Shipyard (DSIC Offshore) Two state-of-the-art ram luffing knuckle boom cranes of the type RL-K 4200-100 LIT will be delivered......【More】

2015-05-08

World's largest oil trade show sees more Chinese presence

The worlds largest oil and natural gas trade show, the Offshore Technology Conference (OTC), kicked off in the US energy hub of Houston on Monday with a visible presence of emerging Chinese companies. The annual event, a conference and exhi......【More】

2015-05-07

Oil prices down in Asian trade

Oil prices fell in Asia as dealers eyed lacklustre manufacturing data from China, which raised concerns about weak demand from the worlds top energy consumer. US benchmark West Texas Intermediate fell 27c to $US58.88 while Brent eased 13c t......【More】

2015-05-06

Putin ratifies east-route gas pipeline agreement with China

RUSSIAN President Vladimir Putin on Saturday ratified a gas supply agreement with China via the so- called Eastern route. The agreement is aimed at strengthening the Russian-Chinese energy cooperation, and defines the main terms of the natu......【More】

2015-05-05

China renews subsidies for shale gas exploration

China will renew subsidies on shale gas exploration as part of efforts to optimize the countrys energy structure. The Ministry of Finance announced on Wednesday that a subsidy of 0.3 yuan (0.049 U.S. dollars) will be offered for every cubic......【More】

2015-05-04

BP highlights China's surging shale gas production

China will become the worlds second-largest shale gas producer by 2035, behind only North America, a report by energy giant British Petroleum (BP) predicted on Tuesday. From 2025 to 2035, Chinas shale gas output will grow by an average of 3......【More】

2015-04-30