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China’s LNG import growth a known unknown

Diverse views on the outlook for Chinas LNG imports were aired in Beijing last week, with the range of forecasts reflecting uncertainties over future growth in the worlds third-biggest gas market and perhaps some hidden agendas as well. Dem......【More】

2015-04-29

China’s Cnooc to Curb Spending as Oil’s Slide Cuts Into Revenue

Cnooc Ltd. is likely to slash spending further after low oil prices led to a sharp drop in the Chinese state-controlled oil giants first-quarter revenue. The partial results released on Friday by the listed unit of state-owned China Nationa......【More】

2015-04-28

CNOOC begins Kenli 10-1 off China

The Kenli 10-1 field offshore China is now online, according to China National Offshore Oil Corp. (CNOOC). Production at the field located in Bohai Bay began on 23 April at an average water depth of 17m. According to CNOOC, the main product......【More】

2015-04-27

The energy world to gather in Karamay

A petroleum equipment exhibition to be held in Karamay in early September will attract the attention of the energy world to this oil city once again. The 3rd Petroleum Equipment Exhibition will open in Karamay this September, displaying the......【More】

2015-04-24

The Shell Game: Is China's Smog Problem the Hidden Ball?

Shells recent announcement of its intent to purchase BG Group for $69.6 billion dollars resounded through the oil and gas press. Initially there was a round of excitement that the deal marked the beginning of the MA cycle that everyone is e......【More】

2015-04-23

Greece calls on Chinese firms to bid for oil quest

Greece invited Chinese firms on Monday to bid in a Greek tender for deep-sea oil and gas exploration later this year after Athens extended the bidding process in March. Greece, which depends on financial aid from the European Union and the......【More】

2015-04-22

China’s investment in Iranian oil industry hits

Iranian Deputy Oil Minister Abbas Sheri Moqaddam has said that China has so far invested 20 billion in the countrys oil industry. Pointing to Chinese oil ministers recent trip to Iran, Moqaddam said that Chinese banks are investigating a pl......【More】

2015-04-21

PetroChina sheds south China pipeline interests

PetroChina is quietly divesting gas pipeline assets in south China, stepping up a plan initiated by the state energy giant last year to leave the low-return midstream sector in favour of more lucrative exploration and production. Chinas big......【More】

2015-04-20

Oil prices higher in Asian trade

Crude prices rose further in Asia Tuesday on forecasts US shale oil production will decline and hopes the Chinese government will roll out a stimulus package for the slowing economy. A drop in US production is expected to help ease the supp......【More】

2015-04-17

Blue Sky Power invests in natural gas project

Blue Sky Power Holdings Ltd has entered into an acquisition agreement with Zhongbang Wealth Equity Investment Fund Management (Beijing) Co. Ltd. to acquire the beneficiary rights in the principal amount of RMB15 million, under a scheme used......【More】

2015-04-16