Chinas national petroleum company has pulled out of developing Phase 11 of Irans offshore South Pars gas field, Iranian media reported on Sunday, blaming the firm for constant and unprecedented delays in the project. Tehran signed a $4.7 bi...

Philippine President Benigno Aquino III said in his state of the union address on July 23 that the Philippines had shown restraint during the Huangyan Island stand-off in the South China Sea. It is ridiculous to say that Manila has shown re...

China National Offshore Oil Corp has signed contracts with Royal Dutch Shell Plc to explore for oil and gas in the South China Sea and off the coast of Gabon in West Africa, marking the latest step taken by a Chinese company to diversify it...

Oil major Shell (RDSa.L) sealed an exploration tie-up with Chinas state-run oil firm CNOOC (0883.HK) on Wednesday in a move which will help secure longer term growth from projects in the worlds energy-hungry second largest economy. Shell sa...

China National Offshore Oil Corporation, the countrys largest offshore oil producer, on Wednesday signed two production-sharing contracts with Royal Dutch Shell PLC to explore a pair of offshore oil blocks in the South China Sea. The blocks...

Prime Minister Stephen Harper says Chinese National Overseas Oil Corporations (CNOOC) proposed takeover of Canadian energy company Nexen is anything but a done deal. Nobody should prejudge the governments decision, Harper said in Toronto on...

Chinas apparent oil demand fell for the first time in three years in June, according to a Platts analysis released Monday of recent Chinese government data. Demand declined by 1.9% year on year to 36.84 million metric tons last month and wa...

Calgary-based oil and gas firm Nexen Inc. has agreed to be acquired by China National Offshore Oil Company in a $15.1 billion US cash deal. State-owned CNOOC Ltd. will pay $27.50 per Nexen share. That price makes the deal the largest foreig...

Chinas oil imports from Iran have increased by 17 percent to 2.6 million tons in June despite the Western sanctions on crude shipments from the Islamic Republic. According to data from the Beijing-based General Administration of Customs, th...

Chinas total natural gas supply is forecast to reach 269.5 billion cubic meters/year, or an average 26 Bcf/day by 2015, according to an official plan released Thursday by the government. This is nearly double current apparent demand of roug...