CNOOC Makes New Oil Discovery in China

China National Offshore Oil Corp (CNOOC) has discovered new oil in its Luda (LD) 21-2 prospect in Bohai Bay, China, located in the inverted structure belt of LD 22-27 in...

Petrochina Lowers June Daqing, Jidong Crude Prices by 7.8%

PetroChina reduced its June settlement price of Daqing and Jidong crude supplied to Sinopec by yuan (CNY) 496/tonne or 7.8% as compared with the previous month, a...

CNOOC 2011 Profit Up 29 Percent on Oil Sales

CNOOC, Ltd. CEO released 2011 results that were on par with our expectations. The company increased earnings 29% from 2010, on revenue of CNY 240.9 billion, versus....

Petrochina, Shell in Talks to Explore Shale Oil

PetroChina is talking to Royal Dutch Shell and Hess to explore shale oil in Santanghu Basin in China’s northwestern Xinjiang region, parent China National Petroleum...

Huadian to Invest $708 Mln on Gas Power Project in Foshan

China Huadian Corp., one of the country’s largest state-owned power producers, will invest RMB 4.5 billion ($708.41 million) to build a gas-fired distributed power project in...

ENN Shares Soar on View China Gas Deal May Fail

Shares of ENN Energy Holdings Ltd jumped more than 6 percent on Thursday after the Chinese city gas distributor and Sinopec Corp reiterated their pre-conditional offer...

Private Capital to Be Involved in New Gas Pipeline Project

PetroChina Co, Asia's largest oil and gas producer by market value, disclosed yesterday that China's new natural gas transmission pipeline project will have...

SZ China LPG Prices Daily Alert May 31, 2012

Good morning. According to SZ China LPG Reports, South China LPG held mixture on Thursday. Truck prices stable at a range of Yuan 5,380-6,150/mt...

Sinopec Yanbu refinery to come onstream by Nov 2014

A major Red Sea oil refinery joint venture between Saudi Arabia and China is expected to be working by November 2014, the venture’s chief executive officer said on May 21...

Fuzhou to Construct Nine Central State-Owned Company Projects

Fuzhou will construct nine major projects of state-owned companies under the central government before the Cross-Straits Trade Fair this year, relating to petrochemical...

New Guidelines Invite Private Investment in China's Soes

After sweeping economic reforms which in three decades have lifted China into the world's second-largest economy, the country is moving ahead with reform of...

Basf-Sinopec Joint Venture Tidies up Second Period to Growth Wrinkles Even More Assets

BASF-YPC Co. the 50-50 petrochemical three way partnership amongst BASF and furthermore Sinopec into Nanjing, Far East, states that each second step of the...

Sinopec Approved to Issue RMB 20 Bln in Bonds

Sinopec Corp<600028><0386>, the largest refiner in Asia by capacity, announced today that it has received approval from the China Securities Regulatory Commission...

Sinopec, Mitsui Chemicals Form Petrochemical Joint Venture in China

China Petroleum & Chemical Corp. (0386.HK), or Sinopec, said Tuesday it has formed a joint venture with Mitsui Chemicals Inc. (4183.TO) for the development of a...

Oil Falls on Worries Over Spain, China

Brent crude oil fell on Wednesday, as fears intensified about the future of Spain's banks, while China signalled it was not planning a large stimulus package, dimming...

China-Russian Gas Talks to Cover Upstream, Downstream Projects

Deadlocked negotiations for the cross-border sale of Russian natural gas to China will likely be broadened to cover cooperation on upstream and downstream projects...

China-Arab Cooperation

China and Arab countries are expected to explore new ways to reinforce their growing cooperation during the Fifth Ministerial Conference of the China-Arab Cooperation...

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