Venezuelan President Hugo Chavez signed a series of accords with Chinas Citic Group Friday which included plans for both parties to work together on building offshore oilfield platforms and develop a gold mine formerly operated by a Canadia...

The growing demand for petroleum in countries like India, China and Brazil would be the major reason for increase in oil prices in the long-term, the US President, Mr Barack Obama, has said. In his remarks on economy in Florida, Mr Obama sa...

China National Petroleum Corp, the countrys biggest energy producer, offered to buy a stake in Woodside Petroleum Ltds Browse liquefied-natural-gas project in Australia, two people with knowledge of the matter said. CNPC made a binding bid...

Chinas National Development and Reform Commission has approved PetroChina Co.s (PTR) acquisition of the remaining 40% stake in the MacKay River oil-sands project in Canada that it doesnt already own, it said on its website Wednesday. Athaba...

China Aviation Oil (Singapore) Corporation Ltd (CAO) on Wednesday announced that its fourth-quarter net profit in 2011 was down 43 per cent on-year to S$7.16 million from S$12.6 million in the previous year. CAO said this was mainly due to...

South Sudan has expelled the Chinese head of the countrys largest oil firm on charges of colluding with former civil war foe Sudan to steal millions of barrels of its oil. Liu Yingcai was asked to leave the worlds newest nation. Minister of...

Chinas energy use rose at the fastest pace in four years in 2011 and efficiency improved, according to the National Bureau of Statistics. Consumption climbed 7 percent to 3.48 billion metric tons of standard coal equivalent, a report on the...

Chinas petroleum and petrochemical equipment industry keeps hotter as the international oil price has pierced through 100 dollars and the national demand for oil is increasing. In the 12th-Five-Year period, by boosting the development of hi...

China, the biggest buyer of Iranian crude, cut purchases to the lowest level in five months in January even as its total oil imports rose after trading companies in the two nations failed to renew supply contracts. Imports from Iran fell to...

Sinopec Kantons Holdings Ltd., a Hong Kong-listed oil trader, plans a rights offer of one new share for each one held to raise HK$3.49 billion ($451 million) to fund planned acquisitions. The company will offer 1.04 billion rights shares at...