For the month ended November 30, 2012, Longwei reported its product sales volume at its newly acquired Huajie facility increased 23.2% month-over-month to approximately 8,990 metric tons (mt). Longwei consummated an Asset Purchase Agreement...

PETROCHINA is poised to become the first Chinese company to buy an Australian coal-seam gas miner, having lobbed a $185 million bid for CSG junior WestSide. It is understood PetroChina, which with Shell jointly bought Arrow Energy for $3.2...

At first sight, Gazproms final investment in October to develop the giant Chayanda gas field in east Siberia paves the way to move negotiations forward on gas supplies to China via the so-called eastern route. But Russia and China have been...

An oil-fired power plant in Saudi Arabia built by Power Construction Corporation of China, or Sinohydro, went into operation on Friday, the company announced on Tuesday. It is the first time China-manufactured power construction equipment h...

Liquefied Natural Gas Limited (ASX: LNG) has confirmed that the total capital cost for its proposed Fishermans Landing LNG project at Gladstone, Queensland, remains at US$1.1 billion (A$1.04 billion). This covers the engineering, procuremen...

China National Petroleum Corp. said Tuesday it shipped its first supertanker loaded with 2 million barrels of crude oil from its Halfaya oil field in Iraq to China. The Halfaya field, operated by CNPC-controlled PetroChina Co. Ltd. (PTR), b...

On December 16, CNPC and Government of Xinjiang Uygur Autonomous Region signed a strategic cooperation agreement on SNG development in Beijing. Member of the political bureau of the central committee of the communist party and Secretary of...

The US National Intelligence Council, representing the 17 intelligence agencies of the US government, says that we are at a critical juncture in human history in its fifth Global Trends report. The report details the challenges facing the s...

Two recent natural gas deals in Canada and Australia by PetroChina Co. are getting the thumbs down from Nomura analysts. Last week, PetroChina announced it would acquire 49.9% of Encana Corp.s Duvernay shale gas project for $2.2 billion. It...

WTI crude oil futures continue to trade steady around US$87.00. Egyptian voters approved a distinctly Islamic constitution that was put up for a referendum, but the margin was slim and should keep opponents still in the game. A report on Sy...