Australia is a good potential investment target in the shale gas sector for Chinese companies as the domestic industry hopes that its own developments there can help meet soaring demand, according to several experts in the field. It is a go...

Chinese bunker supplier Sinopec Zhejiang Zhoushan Petroleum, or Sinopec Zhoushan, aims to start supplying low sulfur bunker fuel with no more than 1% sulfur content in East China, such as Shanghai and Zhoushan, in the first quarter of 2014,...

Sinopec Corp (0386.HK) won initial approval last month from Chinas top economic planner for a plan to build a $10-billion refinery and petrochemical complex in Shanghai, two company officials said. China, the worlds largest net importer of...

China National Offshore Oil Corp. announced it started oil production at a field located in the southern waters of the Bohai Bay. CNOOC said Wednesday it started production at the Suizhong 36-1 oil field in shallow waters. The company said...

China National Petroleum Corp CNPET.UL is close to a deal to buy Petrleo Brasileiros (PETR4.SA) assets in Peru for more than $2 billion (1.2 billion pounds), Bloomberg reported, citing three people with knowledge of the matter. Chinas large...

Oil giant PetroChina Company Limited on Tuesday announced a 9.6-percent increase in its net profit for the first three quarters of 2013 as the company managed to adapt to market changes. Net profit during the Jan.-Sept. period came in at 95...

Sinopec Group is reportedly looking for joint venture partners to help develop western Canadian Montney and Duvernay assets it acquired in the $2.1-billion purchase of Daylight Energy of Calgary in 2011. We are not only buyers, but also act...

Chinas National Energy Administration (NEA) has welcomed private enterprises participation in shale gas exploration and development in natural gas regions, reports Shanghais First Financial Daily, citing Yang Lei, deputy director general of...

On October 22, witnessed by Chinese Premier Li Keqiang and Russian Prime Minister Dmitry Medvedev, CNPC Chairman Zhou Jiping and Leonid V. Mikhelson, Chairman of the Management Board of NOVATEK, signed a framework agreement on purchase and...

China National Petroleum Corp. said its 430-mile natural gas pipeline traveling from China to Myanmar is now operational. About 260 miles of the pipeline is in Myanmar, and the country will receive about 20 percent of the gas. The Myanmar-C...