Oil prices were heading for their third straight weekly loss on Friday as worries about supply disruptions in the Middle East and North Africa eased, although Brent stayed comfortably above $108 a barrel. Brent and U.S. crude prices had rec...

On July 3, CNPCs Xiangguosi underground gas storage entered into large-scale gas injection stage as four new injection and extraction wells became operational. The gas storage is expected to provide 10 million cubic meters of natural gas to...

More Chinese companies have made this years Fortune Global 500 list but their typical profitability is weak, according to the annual ranking released on Monday. A total of 100 Chinese firms joined the ranks of the worlds top corporations as...

China focused upstream player Primeline Energy Holdings on Wednesday announced that the development of its LS36-1 gas field has been completed and it is ready for commissioning and first gas production. The last part of the development work...

Two shipowners are due to ink LNG carrier newbuilding orders worth just shy of $3bn for Russias Yamal LNG project in South Korea on Tuesday. Teekay is expected to sign up for six 170,000-cbm Arc7 vessels and Mitsui OSK Lines (MOL), working...

Integrated energy firm Total SA ( TOT ) is discussing the divestiture of its 22.4% interest in China-based West Pacific Petrochemical refinery with Chinese energy giant PetroChina Co Ltd. ( PTR ), as per Reuters. The petrochemical plant, wh...

A YEAR ago, one of the worlds biggest oil and gas projects, the massive Kashagan field in Kazakhstans part of the Caspian Sea, was on the verge of starting production after more than a decade of development and US$40 billion in costs. Its b...

Increasing natural gas exports to Asia and the potential effects of the Ukrainian crisis on exports to Europe are topping the international agenda of Russian gas giant Gazprom, CEO Alexei Miller suggested Friday at a news conference followi...

As the Obama administration and the European Union rush to embrace energy poor, bankrupt Ukraine, deepening ties between Russia and China, as evinced by the recent $400 billion Gazprom-China contract have effectively ended the Wests opportu...

China could soon be sending its oil and gas students to Taranaki to learn from the regions experts. Witt is collaborating with the Guangdong University of Petrochemical Technology, (Gupt), to offer its students a NZQA level three training s...