A group led by ROC Oil Co. Ltd., Sydney, will drill a second appraisal well in 2012 in Bohai Bay offshore China. The petroleum contract covering the 28 sq km Zhao Dong block was modified In March 2011 to include the adjacent 16 sq km Zhangh...

This year, cippe 2012 will embrace a visiting delegation made up by oversea project managers of China National Petroleum Corporation (CNPC), sources from the organizing committee of China International Petroleum Petrochemical Technology and...

Chinas ambitions to unlock the natural gas trapped in shale rocks are likely to take longer than planned, boosting the nations reliance on overseas suppliers from Exxon Mobil Corp. to Royal Dutch Shell Plc. Shale gas output will rise to 23...

Chinas National Development and Reform Commission (NDRC) has announced that it will approve seven overseas investment projects for the countrys three large oil companies. Emerging Money highlighted China National Offshore Oil Corporation, b...

South China as a whole picture held mixture on Tuesday. Trucking prices was slightly down to a range of Yuan 6,460-7,500/mt. Shenzhen market remained stable at a range of Yuan 7,300-7,500/mt. In Zhuhai market, the prices for imported materi...

Fuel oil traders are bullish about the impact of Chinas recent gasoline and gasoil price hike on demand for straight-run fuel oil in the Asian giant, trading sources said this week. China hiked the domestic price of gasoline and gasoil by Y...

Chinas largest oil companies still lag far behind their foreign counterparts in terms of degree of internationalization, despite active forays into the global market through mergers and acquisitions last year, according to a research report...

China imports 11 percent of its oil from Iran, so the latest American and European move to isolate Iran has put Beijing in a quandary. Should China join the West with which it has close economic ties, or ignore the call for sanctions on Ira...

Oil supply is looking increasingly comfortable this year after a series of downgrades to demand forecasts. But dont get too excited about lower oil prices just yet. First, its worth taking a look at the oil slurping elephant that China has...

China National Petroleum Corp. (CNPC), parent of PetroChina Co. Ltd. (601857.SH, 0857.HK), plans to raise its natural gas output by at least 5 percent to 79.3-82.1 billion cubic meters this year. The state-owned enterprise aims to improve i...