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China to evacuate South Sudan oil workers to capital

China National Petroleum Company , a main oil investor in South Sudan, is evacuating oil workers to the capital, Juba, amid continued fighting in the worlds newest country, a company official and state media said on Friday. State news agenc......【More】

2013-12-24

Formosa Chemicals to sell petrochemical stake

Formosa Chemicals Fibre Corp on Friday said it plans to sell a maximum of 51.6 million shares of affiliate Formosa Petrochemical Corp by the end of the second quarter next year. The announcement, made by the supplier of aromatics and styren......【More】

2013-12-23

Siemens wins decentralized energy demonstration project in China

Siemens Energy has won the first Decentralized Energy (DE) demonstration project in Guangdong Province and will provide two SGT-400 gas turbines units for Guangzhou Aotou Decentralized Energy Station. The customer is Guangzhou Electric Deve......【More】

2013-12-20

2 more oil execs from CNPC 'quizzed' over graft

The Chinese government has questioned two more executives from China National Petroleum Corp as part of a wider graft investigation into the state energy giant, two people with knowledge of the matter said. CNPC and its listed unit PetroChi......【More】

2013-12-19

China keen on natural gas

As Chinas air quality continues its drastic deterioration, the country is sparing no effort in looking for ways out of the dilemma. A recent report shows that natural gas, which is much more efficient and emits much less greenhouse gas comp......【More】

2013-12-18

Myanmar-China gas pipeline cheats Myanmar society

Myanmar-China natural gas pipeline project is a cheat to the Myanmar society, say locals and law experts at a press conference titled Development and Responsible Investment held in Yangon yesterday. They also expressed disappointment over t......【More】

2013-12-17

BHP Billiton expects U.S. shale business to become major cash flow generator

Global miner BHP Billiton said Wednesday that its U.S. shale oil business would be one of its major cash flow generators by 2020, contributing almost 3 billion U.S. dollars a year to the company by the end of the decade. BHP Billiton plans......【More】

2013-12-12

Oil futures gain on expectations of inventory decline

U.S. oil prices rose to a one-month high Tuesday as traders anticipated domestic storage data would show greater demand for crude. Oil for January delivery gained $1.17, or 1.2%, to end at $98.51 a barrel on the New York Mercantile Exchange......【More】

2013-12-11

China's petrochemical industry's export-import value up 2.3% in Jan-Oct

The export and import value of the petrochemical industry in China climbed 2.3% year on year to US$334.6 billion in the first ten months of this year, according to the latest statistics released by the National Development and Reform Commis......【More】

2013-12-10

China launches pipeline safety probe following deadly blast

China has launched a nationwide probe into the safety of its oil and gas pipelines following a deadly blast that killed 62 people in the eastern coastal city of Qingdao last month, the countrys safety watchdog said on Friday. The investigat......【More】

2013-12-09