China National Petroleum Corp (CNPC), the nations largest oil and gas producer, announced Friday that its chairman Zhou Jiping stressed the acceleration of the development of unconventional petroleum resources in the Americas after visiting...

China is increasing its presence in the resource-rich Arctic, with its second-largest domestic oil company acknowledging ongoing involvement in oil exploration and development in the far north. A source from Sinopec Group, Asias top refiner...

This summer the worlds longest natural gas pipeline, stretching from Turkmenistan, begins providing a new supply of energy to Hong Kong. It sounds like an engineers pipe dream - a 9,000-kilometre-long pipeline stretching from Turkmenistan i...

LNG player Shell has signed a letter of intent with Guanghui Energy to set up an LNG import terminal in east China. Shell and Guanghui Energy have signed a non-binding Letter of Intent that confirms the intention of the two parties to explo...

Sinopec Kantons, a crude oil trading and logistics arm of China Petroleum Chemical (Sinopec), says it will selectively acquire and build its own fuel storage facilities internationally. For crude oil trader, its buy or build with storage fa...

CNPC expects to firm up a draft pact by end 2013 to join a major refinery project in Ecuador and expand its oil exploration efforts there, CNPC said. CNPC Chairman Zhou Jiping had signed a framework agreement with Ecuadors Coordinating Mini...

Oil prices rose Wednesday as the U.S. dollar weakened against other major currencies. The U.S. dollar fell against most major currencies Wednesday ahead of the U.S. retail sales data for May, which is seen as another indicator for whether t...

US oil and natural gas prices are low enough that the country could start becoming a major petrochemical exporter into Asia, a report said on Wednesday. Hydraulic fracturing and other drilling technologies are keeping prices for natural gas...

The US government on Friday slapped sanctions on Irans petrochemical industry as part of its efforts to intensify the squeeze on Tehrans economy. In a written statement, the Treasury Department announced sanctions on eight Iranian petrochem...

China National Petroleum Corp. and Refinadora Costarricense de Petroleo (Recope) have signed a cooperation agreement for financing the refining joint venture they have formed in Costa Rica (OGJ Online, Sept. 4, 2009). The JV is to revamp th...