China National Petroleum Corporation (CNPC) has made significant investments in place of Venezuelas state owned oil company, Petroleos de Venezuela (PdV), which retreated from its international commitments following the death of Hugo Chavez...

The Myanmar section of a Myanmar-China natural gas pipeline, a project funded by companies from China, Myanmar, South Korea and India, was inaugurated in Mandalay yesterday as it began to deliver gas to China. Myanmar Vice President U Nyan...

CNPC is pleased to announce that CNPC and Eni S.p.a. have closed their previously announced transaction which will see CNPC acquire shares of Eni East African. All conditions precedent requiring government and partner approvals have cleared...

U.S. energy company Hess Corp (HES.N) has signed a production- sharing contract with PetroChina (0857.HK), Chinas first joint agreement to develop a shale oil block, the companies said on Wednesday. China, believed to hold the worlds larges...

On July 3rd, SINOPEC Chemicals Sales Company signed a strategic cooperation framework agreement from year 2013 to 2018 with Wanhua Chemical Group in Yantai. The agreement is a milestone for the two parties cooperation which will further str...

Chinas state-owned oil and gas giant China National Petroleum Corp (CNPC) is stepping up its drive for overseas hydrocarbon assets with a flurry of deals in Latin America, Africa and Central Asia. Among CNPCs latest moves is a commitment to...

China will almost triple domestic output of unconventional gas by 2020 as upstream producers boost exploration after a nationwide price increase. Supply is estimated to rise to 120 billion cubic meters a year by 2020, China Petroleum Nation...

Polystyrene major, Supreme Petrochem Ltds ( SPL s) June quarter profit has jumped over three-fold to Rs 13 crore year-on-year on improved demand in domestic market Sales of the company also rose 26% to Rs 762.19 crore. However, the companys...

Chinas top two refiners -- China Petroleum and Chemical Corp, or Sinopec, and PetroChina -- plan to skip gasoil exports in August and likely in September as well, market sources said Friday. [Sinopec has] no gasoil exports [scheduled for] Q...

Chinas largest offshore oil and gas industry player, CNOOC, signed a production sharing contract (PSC) with BP to jointly develop a deepwater block in the South China sea. The block, known as 54/11, is about 4,500 square kilometers in size...