Honghua Group Limited, the largest exporter of drilling rigs in China, announced today the launch of its new, integrated shale gas exploitation solution. A drilling and fracturing site utilizing Honghuas new system offers extensive benefits...

China has ordered oil giant ConocoPhillips and China National Offshore Oil Corp. to pay $269 million for oil spills at a Bohai Bay oilfield run by Conoco. The first of two leaks was detected last June at Penglai 19-3, Chinas biggest offshor...

The head of China National Petroleum Corp signalled on Saturday that China was still considering a deal to become Russias largest single pipeline gas customer even as its supply options, including unconventional and liquefied natural gas, m...

European and US tensions with Iran will not affect Chinas crude oil supplies in the short term as China diversifies its oil sources and expands its oil reserves to offset its declining purchases of Iranian oil. The most likely sources of re...

Uzbekistan is in talks with neighbouring Kazakhstan to ship its natural gas via a pipeline running from ex-Soviet Central Asia to China, Kazakhstans state gas transportation company KazTransGas said on Thursday. The Central Asian pipeline n...

PetroChina Co. (857)s first-quarter profit rose unexpectedly after it ramped up oil and gas production, while China Petroleum Chemical Corp. (600028)s earnings slumped on losses from selling fuels at state-controlled prices. Net income rose...

CNOOC Ltd, Chinas biggest offshore oil producer, yesterday posted a 3.7 percent gain in quarterly revenue on higher crude prices, despite lower output caused by the shutdown of its biggest field. Oil and gas sales rose to 48.84 billion yuan...

China Aviation Oil (Singapore) is seeking up to 1.4 million barrels of jet fuel for May and June, with a slight spike in purchases in May, industry sources said. CAO last bought up to 27,000 tonnes of jet fuel for delivery into Huangpu in M...

Chinas leading export refinery West Pacific Petrochemical Corp (WEPEC) restarted a 2.5-million-tonne-per-year (tpy) fluid catalytic cracking (FCC) unit this week after one-month maintenance, an industry source said on Wednesday. WEPEC, cont...

Black Veatch, in partnership with Chemtex, said it has been selected by Jilin Qianyuan Energy Development to deliver a major liquefied natural gas (LNG) facility. Once completed in late 2013, the 500,000 NM3/D plant will be the largest of i...