Chinas Sinopec Group, the parent of Sinopec Corp, has ordered the closure of three plants, including two refineries in the southern province of Guangdong, for environmental checks, the company said in a statement. The two refineries are Sin...

The UC Berkeley economist Brad DeLong has said that Deng Xiaoping may have been quite possibly the greatest human hero of the 20th century. Its a tough-minded, utilitarian judgment; DeLong knows that Deng, as leader of China, ordered the Ti...

Yantai Jereh Oilfield Services Group Co. Ltd., an oilfield equipment supplier in east China, has moved into unconventional upstream development with the CAD 8.8 million ($9 million) purchase of an oil and gas block in Canada from DeerGarden...

Commercial crude inventories in China, the worlds second-largest oil user, were down 2.5 percent at the end of August from a month earlier, while refined fuel stocks fell nearly 11 percent, the official Xinhua News Agency reported in a news...

Nexen Incs shareholders have approved CNOOC Ltds US$15.1 billion bid for the Canadian oil and natural gas producer, the biggest foreign takeover by a Chinese company. About 99 percent of common shareholders who voted cast ballots in favor o...

Taiwan Power Co. (Taipower), a government-owned utility, is considering plans to develop a liquefied natural gas (LNG) import terminal, despite years of setbacks and rivals plans by the islands sole gas importer CPC Corp., Interfax has lear...

China National Petroleum Corp. (CNPC) produced nearly all of its overseas output last year from countries deemed to pose a high level of risk, underscoring how state-owned Chinese companies have ventured into dangerous areas in search of re...

Some of the 20 blocks up for auction in Chinas second shale gas tender next month may be shunned by bidders due to their limited potential for development, according to an industry expert with the Ministry of Land and Resources (MLR). Most...

Sudanese President Omar al- Bashir on Wednesday inaugurated Sudans Gold Refinery in Khartoum, the first of its kind in the country. The idea of establishing the refinery came to existence following the flourishing in the mining industry in...

Keyuan Petrochemicals Inc. (OTCQB: KEYP), (Keyuan or the Company), announced its Board of Directors has authorized the repurchase of $2 Million of the Companys common stock up to $1.50 per share. The Companys common stock may be purchased f...