The first deepwater drilling rig developed in China is scheduled to drill a well in a part of the sea known as 43/11 block this year at a water depth of 2,454 meters, making it the deepest well in the South China Sea. The block is being exp...

Colombian President Juan Manuel Santos struck agreements with Chinese officials Wednesday thay may help direct much of the nations future oil and coal exports to Asia and away from U.S. and European markets. The agreements, signed during a...

Chinese conglomerate Beijing Enterprises Group has again raised its stake in takeover target China Gas Holdings Ltd, bolstering the prospect of a US$2.3bil-plus bidding war for the mainland gas distributor between two state-owned companies....

Philippine President Benigno Aquino said hes open to an agreement with China that would allow companies to exploit oil and gas resources while the governments separately resolve South China Sea border disputes. Aquino said his administratio...

Zhuhai Zhenrong Co., the Chinese company censured by the U.S. in January for trading with Iran, provisionally hired an oil tanker to carry fuel oil from the Persian Gulf nation, shipping data showed. Tianbao, a unit of state-owned Zhuhai Zh...

Players in Asian markets are bracing for the upcoming start-up of several new capacities, primarily in China and India, which will add just under 2 million tons/year to the regions cumulative PP production capacity, as per the pricing servi...

China increased its crude imports in the first quarter to fill stockpiles and not because of growth in domestic demand, according to a report in China National Petroleum Corp.s online newsletter. Chinas crude-processing capacity expanded by...

China Petrochemical Corp., known as Sinopec Group, has reached a non-binding agreement with Spains Repsol YPF SA (REP.MC) to purchase its Argentine subsidiary for more than $15 billion, Caixin Online reported Wednesday, citing unnamed peopl...

China Petrochemical Corp., known as Sinopec Group, is planning to sell a U.S. dollar bond after meetings with fixed-income investors concluding May 9, a person familiar with the proposed deal told Dow Jones Newswires on Thursday. The state-...

Assured that the potentially recoverable shale gas resources of 25.1tn cubic metres are enough to meet Chinas gas needs for the next two centuries, Ministry of Land and Resources on Thursday announced investment plans to exploit its reserve...