A petroleum equipment exhibition to be held in Karamay in early September will attract the attention of the energy world to this oil city once again. The 3rd Petroleum Equipment Exhibition will open in Karamay this September, displaying the...

Shells recent announcement of its intent to purchase BG Group for $69.6 billion dollars resounded through the oil and gas press. Initially there was a round of excitement that the deal marked the beginning of the MA cycle that everyone is e...

Greece invited Chinese firms on Monday to bid in a Greek tender for deep-sea oil and gas exploration later this year after Athens extended the bidding process in March. Greece, which depends on financial aid from the European Union and the...

Iranian Deputy Oil Minister Abbas Sheri Moqaddam has said that China has so far invested 20 billion in the countrys oil industry. Pointing to Chinese oil ministers recent trip to Iran, Moqaddam said that Chinese banks are investigating a pl...

PetroChina is quietly divesting gas pipeline assets in south China, stepping up a plan initiated by the state energy giant last year to leave the low-return midstream sector in favour of more lucrative exploration and production. Chinas big...

Crude prices rose further in Asia Tuesday on forecasts US shale oil production will decline and hopes the Chinese government will roll out a stimulus package for the slowing economy. A drop in US production is expected to help ease the supp...

Blue Sky Power Holdings Ltd has entered into an acquisition agreement with Zhongbang Wealth Equity Investment Fund Management (Beijing) Co. Ltd. to acquire the beneficiary rights in the principal amount of RMB15 million, under a scheme used...

Whenever the market capitalization of PetroChina approaches or passes that of ExxonMobil, it becomes a headline. This has been going on for the past three years. It happened in 2012. It happened again on Thursday. And then by Fridays closin...

Brent crude rose towards $59 a barrel on Monday as a slowdown in U.S. drilling continued to support prices, offsetting a drop in Chinese oil imports. Front-month Brent futures were up 93 cents at $58.80 a barrel by 1336 GMT, having earlier...

The city of Karamay, located in the northwestern part of Xinjiangs Junggar Basin, has four administrative districts including Karamay district, Dushanzi district, Baijiantan district and Wuerhe district. It has a total area of 7700 square k...