CNOOC, Chinas third largest oil and gas company, claims four new discoveries in Indonesian fields last year. The company expects its production facilities of existing oil and gas fields could be leveraged for economic development of these n...

China Petroleum Chemical Corp (also known as Sinopec) explores for, develops, and produces crude oil and gas throughout China. Also one of the largest companies in the world, it is controlled by the China Petroleum Corp. just like PetroChin...

Lower-tech local brands could feel the squeeze Stringent new fuel efficiency regulations for passenger vehicles released last month by the Chinese government could put more pressure on indigenous carmakers, according to industry observers....

After reaching a one-month high Tuesday, the price of the black gold plummeted 2.74 percent Thursday as high oil storages and woes over economic progress in China and the United States weighed on commodities and on Gulf Arab revenues. At th...

Malaysias exports in February shrunk 7.7 percent year-on-year to 52.46 billion ringgit (17.12 billion U.S. dollars) due to shorter working days and festive season, according to figures released by the Ministry of International Trade and Ind...

Mexican President Enrique Pena Nieto said here Saturday that Chinas economy is growing rapidly and its experience in this regard is worth learning. During an interview with Xinhua in the southern Chinese city of Sanya,Pena Nieto praised Chi...

China is financing the construction of Kyrgyzstans first major oil refinery, and excitement is building in Bishkek that the facility could enable the Central Asian nation to break Russias fuel-supply monopoly. At the same time, some observe...

The local Wenzhou government has announced on its website today that the feasibility report of a Wenzhou LNG project has recently been approved by National Energy Administration (NEA) and the national Development and Reform Commission. The...

News broke in late March that South Sudan ordered its oil companies to start production again. The fledgling Sub-Saharan nation stopped oil exports in January 2012 amid failed negotiations with Sudan over oil transmission prices. Not that t...

Chinese President Xi Jinping is scheduled to visit the Republic of Congo at the invitation of his Congolese counterpart Denis Sassou Nguesso. The following is a brief introduction to the bilateral relations, which have developed smoothly an...