Philex Petroleum Corp. (Philex Pet) is keen on pursuing a partnership with China National Offshore Oil Corp. (CNOOC) to explore and develop gas-rich Recto Bank, Philex Petroleum chairman Manuel V. Pangilinan said Thursday, noting that any o...

Greenhouse gas emissions in China in 2011 increased to their highest level since data began being collected by network stations in 1990, according to Chinas first Greenhouse Gas Bulletin. The bulletin, released by the China Meteorological A...

The Dalian petrochemical industry grew dramatically as a result of fluctuations in market prices last year. It realized a total income of 193.66 billion yuan ($31.16 billion), up 12.1 percent year-on-year from January to November 2012. Taxe...

China-based Sino Arab Energy, along with a local company Osabo Refining and Petrochemical Industry, plans to construct a $7.5bn crude oil refinery in Akabuyo, Local Government Area of Cross River State, Nigeria. The two companies have enter...

Chinas CNOOC Ltd. (CEO - Analyst Report) is close to resuming production at its largest offshore oilfield, Penglai 19-3. The countrys biggest offshore oil and gas producer by capacity gets the Chinese governments top economic planning agenc...

In what promises to be one of the biggest ship financing deals of the year, China Shipping Group and Japans Mitsui OSK Lines are close to signing an agreement for six liquefied natural gas ships with an option for two more. The ships will b...

CNOOC Ltd, Chinas biggest offshore oil and gas producer, has received an initial approval to restart its largest offshore oilfield, which was shut in 2011 after an oil leak. The National Development and Reform Commission approved the develo...

Cnooc Ltd. (883), Chinas biggest offshore oil and gas producer, received an initial approval to restart its largest offshore oilfield, which was shut in 2011 after an oil leak. The National Development and Reform Commission, the countrys ec...

Crude prices went down Friday as concerns about global oil demand weighed on the markets. The crude prices got pressured after the International Energy Agency said Europes oil demand that has already been at its lowest level in 20 years aft...

China, the worlds second-largest oil consumer, imported 271 million tonnes of crude oil last year, a rise of 6.8 percent year on year, as demand remained high despite an economic slowdown, data from the General Administration of Customs sho...