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ROC Oil submits long-term plan for Zhao Dong offshore China

ROC Oil has submitted an incremental development plan for the next stage of the Zhao Dong project offshore China. The aim is to maximize oil recovery from the fields between 2018 and 2023. This will require an extension of the production-sh......【More】

2014-02-28

Palaung clashes related to China gas pipeline

Clashes in the Taang region, also known as Palaung, of northern Shan State are due to increased militarisation around the Chinese Shwe gas pipeline project, according to the Palaung Womens Organisation. The Palaung Womens Organisation (PWO)......【More】

2014-02-27

Sinopec seeks private investment in marketing arm

Sinopec Corp, Asias largest oil refiner, plans to restructure its retail and wholesale business and sell up to 30 percent of the unit as Chinas government promotes private investment in the countrys oil industry. The state-run companys boar......【More】

2014-02-26

BP to shut Indiana refinery FCC for six weeks

BP is shutting a fluid catalytic cracker (FCC) at its Whiting, Indiana, refinery for six weeks of planned work that starts today, a person familiar with operations said. The maintenance is being conducted on the No. 600 catalytic cracker, s......【More】

2014-02-25

China says Tanzania on right track

CHINAS financial support in development of major infrastructure projects plays a significant role as Tanzania leaps forward to become the regional economic power house. Looking at the bigger picture, Tanzanias economic fortunes have been bo......【More】

2014-02-24

Eastern Chinese province bans new oil refining projects

Eastern Chinas Shandong province has banned approvals of new oil refining projects, a state oil major said, the latest move to tackle overcapacity in the second largest oil consumer, Reuters reported on February 19. The ban comes on the hee......【More】

2014-02-21

PetroChina, Sinopec expected to cut back on capital spending

PetroChina, which leads the worlds companies in capital expenditure, and fellow oil and gas producer China Petroleum Chemical (Sinopec) are expected to trim spending in the next few years. Contributing factors are flat oil prices, rising de......【More】

2014-02-20

Liao Yongyuan meets with RGE Group Chairman Sukanto Tanoto

On February 17 in Beijing, CNPC President Liao Yongyuan met with Sukanto Tanoto, Chairman of Singapores RGE Group. They exchanged views on cooperation in LNG receiving terminals, engineering construction, and LNG trade. PetroChina Vice Pres......【More】

2014-02-19

Holiday effect doesn't fully explain record Chinese imports of crude oil

Chinas record imports of crude oil last month have largely, and correctly, been dismissed by the market as being artificially boosted by restocking before the Lunar New Year holiday. However, there is always the danger that in attributing a......【More】

2014-02-18

Taiwan to import US shale gas from 2017

American shale gas will be imported to Taiwan as early as 2017, our sister paper Commercial Times reported on Feb. 13. A total of 800,000 tons of shale gas will be imported to Taiwan every year from 2017, said Lin Sheng-chung, president of......【More】

2014-02-17