To lift a quip from Prime Minister Stephen Harpers Arctic sovereignty policy and apply it to the American view of Albertas oil sands: Use it or lose it. The Chinese government pushed its shovel deep into Canadas energy motherlode yesterday...

Chinas Sinopec has started work to build Southeast Asias largest oil storage terminal at Indonesias Batam Free Trade Zone, industry sources said on Tuesday. The first phase of the construction will be a 16 million barrel oil storage facilit...

Crude oil prices recovered modestly in European session as escalated tensions between Turkey and Syria raised concerns over oil supply. Market sentiment was also lifted as China injected RMB 265B to the public via reverse repo operation. In...

China is likely to cut its gasoline and diesel prices this month, as the international crude oil prices to which Chinas prices are linked are expected to head south. Data released by Chem99.com, a major oil industry service provider, showed...

Western oil majors have perfected a pitch when it comes to keeping their place in Abu Dhabi concessions, vouching for their technology and expertise that, it is implied, newcomers lack. Now with a little more than a year to go until a prize...

Canada said on Thursday that a $15.1 billion Chinese bid for domestic oil company Nexen Inc raised difficult policy questions, but the government gave no sign it would bow to an opposition demand to veto the deal. Speaking hours after the m...

Leyshon Resources announced that the recently appointed management team at Pacific Asia Petroleum Limited (PAPL), which Leyshon acquired in July, has commenced drilling at the 708 km2 Zijinshan block located on the Eastern flank of the prol...

Environment, water considerations should also be taken into account. China is making an unprecedented effort to explore and develop shale gas resources, but the country will not achieve a breakthrough in the short term, experts have said. S...

Chinas CNOOC Ltd believes it is poised to win Canadas go-ahead for the $15.1 billion purchase of oil producer Nexen Inc, after talks with provincial leaders boosted its confidence that Canada values China as an investor in its huge oil sand...

China is unlikely to import diesel for domestic use for the rest of the year due to a slowing economy, industry sources say, putting pressure on Asian diesel margins as well as potentially reversing high prices for the fuel in the West. The...