The pricing bureau of Hunan in central China will unveil a progressive residential gas pricing tariff next month for the provinces three largest cities in an effort to promote efficient residential gas use. The bureau will hold a public hea...

Australia can potentially become the worlds largest liquefied natural gas (LNG) producer by 2017 if the nations pipeline capacity continues to expand, Federal Resources Minister Martin Ferguson said on Monday. Addressing an Australian Pipel...

Asias largest refiner Sinopec has yet to decide whether to build a $9 billion refinery in Southern Chinas Zhanjiang by itself or in a joint venture with Kuwait Petroleum Corp(KPC) and Total. KPC is keen to gain access to the Chinese domesti...

China, the worlds second largest oil consumer, has set its 2013 non-State crude oil import quota at 29.1 million metric tons, the same as this year, the Ministry of Commerce said on Monday. The country also set its 2013 non-State fuel oil i...

Industrial and Commercial Bank of China Ltd (ICBC), the worlds biggest lender by market value, plans to launch a crude oil accumulation investment plan by as early as the end of this year, two sources told Reuters on Monday. The investment...

China, the worlds second largest oil consumer, has set its 2013 non-state crude oil import quota at 29.1 million tonnes, the same as this year, the Ministry of Commerce said on Monday. The country also set its 2013 non-state fuel oil import...

Sinopec Corp (0386.HK) dropped its $2.2 billion offer with ENN Energy Holdings (2688.HK) for China Gas (0384.HK) due to regulatory hurdles, a defeat for acquisitive Chairman Fu Chengyu in what would have been the first unsolicited takeover...

China and Japan sat down for talks and agreed to jointly develop a natural gas field under the East China Sea, defusing a dispute between Asias biggest economies over who owns the reserves. That was in 2008. The accord, hailed as a model fo...

Chinese oil companies are showing a growing interest in Iraqs oil industry, which the International Energy Agency expects to more than double production by the end of the decade to 6.1 million barrels per day. Beijing is widening its global...

This July, China National Offshore Oil Corp. (CNOOC), the state-owned giant that dominates exploration and production off Chinas coast, announced the $15.1 billion acquisition of Nexen, a Canadian oil company with assets in the United State...