Chinas sweeping anticorruption investigation into oil executives and government officials has targeted several people who worked in the late 1980s at the Shengli Field, a major production site located primarily in the countrys eastern Shand...

Sinopec has invested more than 200 billion yuan ($32.68 billion) on upgrading oil product quality during the past 10 years, Zhang Yaocang, vice general manager of Sinopec Group, said Saturday at a forum on top 500 enterprises held in Kunmin...

Sinopec International Petroleum Exploration and Production Corporation (SIPC), a fully-owned subsidiary of Sinopec Group, and Apache Corporation announced today they have launched a global strategic partnership to pursue joint upstream oil...

The Hong Kong-listed shares of oil giant PetroChina Co Ltd and its natural gas distribution arm Kunlun Energy tumbled Wednesday after they said several senior executives at the group were being investigated over alleged wrongdoing. PetroChi...

China saw its output of natural gas increase 12% year on year to 9.4 billion cubic meters in Jul this year, said the National Development and Reform Commission in a statement published on its website. In the first seven months, the country...

State-owned China National Petroleum Corp.s Amu Darya gas project in Turkmenistan has produced 17 billion cubic meters of gas since it came online at the end of 2009, the company said Tuesday. CNPC said the project had delivered 16.99 Bcm o...

China Petroleum and Chemical Corp, or Sinopec, has cut its ex-works price of orthoxylene in East China by Yuan 200/mt, or 1.9%, effective Tuesday, market sources said. Yangzi-BASF and Sinopec Zhenhai, the companys subsidiaries in East China...

A top Chinese oil executive is the latest senior official to come under scrutiny by China s top antigraft agency, as Beijing faces pressure to crack down on official corruption. In a one-sentence statement, China s Ministry of Supervision s...

PetroChina Co Ltd, the nations leading oil and natural gas producer, said on Thursday it expects a 20-billion-yuan ($3.3 billion) annual profit boost from the governments natural gas price reform. That inflow will further buoy the State-own...

PetroChina Co, Chinas largest oil explorer, may join with United States-based energy giant Exxon Mobil Corp to co-develop the West Qurna oilfield in Iraq, which would make the Chinese company the biggest single foreign investor in the Iraqi...