Maria das Gracas Silva Foster, CEO of Brazils state-owned oil giant Petrobras, said Wednesday that alleged attempts by U.S. intelligence to spy on the countrys strategic oil data have failed. Addressing a senate hearing, Silva Foster said s...

Three of the worlds leading oil companies, Exxon Mobil, BP and BG, have decided not to take part in the upcoming international bidding for rights to explore Brazils deep-water Libra oil reserve, Brazils National Petroleum Agency (ANP) said...

Gulf hydrocarbon producers supplied China with around 55 per cent of its oil needs in 2012 and the exports are expected to surge to 65 per cent by 2015, according to a GCC study. The six Gulf Cooperation Council (GCC) countries, which contr...

Chinas investment in exploration of oil and gas resources is expected to stand at 80 billion yuan (13.07 billion U.S. dollars) in 2013, according to the Ministry of Land and Resources. Such investment has risen steadily in China over the pa...

China National Petroleum Corp and Russias Gazprom signed an agreement to export gas to China through the eastern pipeline. The agreement was signed in the Russian city of St. Petersburg. Chinese President Xi Jinping, who was there to attend...

The oil and gas industrys future potential was recognized at the Offshore Europe Conference and Exhibition which closed on Friday in Aberdeen city in northeastern Scotland. On the theme of The Next 50 Years, Malcolm Webb, chairman of this y...

The countrys two major oil providers China National Petroleum Corp and China Petroleum and Chemical Corp have been punished by the Environmental Protection Ministry for failing their 2012 environmental tests. The evaluation, released on Aug...

Oil futures traded lower during Tuesdays Asian session as traders focused more on the easing of Syria tensions rather than some bullish Chinese economic data released on Monday. On the New York Mercantile Exchange, light, sweet crude future...

Hong Kong-listed Yanchang Petroleum International Ltd is planning to spend C$230 million ($219.37 million) on acquiring Canadian Novus Energy Inc to deepen its global presence. The main oil and gas assets of Novus are located in Saskatchewa...

China Petroleum Chemical Corp, or Sinopec, has raised its East China price for isomer-grade mixed xylenes by Yuan 200/mt or 2.3% effective Monday, market sources said Tuesday. The companys isomer-MX ex-works price at its four subsidiaries i...