Deployment of deepwater oil rig is sign that China is stepping into the big league China National Offshore Oil Corp, the countrys biggest offshore energy exporter, started drilling from the nations first deepwater oil rig (Ocean Oil 981) in...

Brazil eyes foreign investments as expects to spend USD 400 billion in developing its oil sector by 2020 Tapping Brazils huge offshore oil reserves will require foreign investment that only cash-rich Chinese banks are in a position to provi...

Keyuan Petrochemicals Inc. (OTCQB: KEYP), (Keyuan or the Company), an independent manufacturer and supplier of various petrochemical products in China, today announced the Companys financial results for the three months ended March 31, 2012...

Chinas petrochemical import volumes largely declined in April because of weak domestic demand, industry sources said on Wednesday. The worlds second-largest economy imported 15,142 tonnes of butadiene (BD) in April. The figure is a 19% year...

Ningbo Shihua Crude Oil Terminal Co Ltd has opened a crude oil shipping terminal on Daxie Island in east Chinas Zhejiang province -- Asias largest -- joint venture partner Sinopec said in a statement. The terminal, which was opened Wednesda...

Big trucks just arent appealing enough on their own, at least in some places. For proof, look to a Shanghai GMC dealer who is offering about three years worth of free gas to anyone who buys a new Sierra Denali. Too bad itll take about 20 ye...

South Africas national oil company PetroSA and China Petroleum and Chemical Corp. /quotes/zigman/269314/quotes/nls/snp SNP +0.57% , known as Sinopec, will build a refinery that could process several hundred thousand barrels of oil a day and...

PetroChina Co Ltd, the listed arm of Chinas largest gas producer, announced on Wednesday that it would jointly develop a proposed liquefied natural gas export facility in Canada with Shell Canada Ltd, Korea Gas Corp and Mitsubishi Corp. The...

It was the third time I had boarded an offshore drilling rig but the first time I stayed there overnight. To be frank, after about a two-hour flight in a helicopter, I felt nothing but fatigue. But when I caught sight of the red-coated dril...

The Keshen 206 Oil Drill of China National Petroleum Corporation (CNPC) stands in the morning sunlight in the Tarim Oilfield, which lies to the south of the Tianshan Mountain, northwest Chinas Xinjiang Uygur Autonomous Region, May 10, 2012....