Shipbuilder Kawasaki Heavy Industries Ltd. plans to construct gas carriers abroad as it strives to lower costs and take market share from Korean rivals. At present currency levels, the companys Chinese ventures are more cost competitive tha...
Chinas top economic planner announced on Monday a rise of the retail price of gasoline by 165 yuan per tonne (26.80 U.S. dollars) and diesel by 160 yuan, from Tuesday. The adjustment will see the benchmark retail prices of gasoline increase...
In a special report on global energy prospects, the Paris-based International Energy Agency (IEA) warns that expectations for a robust liquefied natural gas industry may fall apart due to bad economics and high transportation costs. Althoug...
Venezuelas PDVSA sold three cargoes of intermediate fuel oil with 380 CST and one 3% sulfur fuel oil cargo to PetroChina for June, a source familiar with PDVSAs operations said Friday. The first intermediate fuel oil cargo is loading June 1...
Cnooc (CEO) reportedly is in talks to buy 30%-40% of the Aphrodite gas field in Cyprus; Noble Energy (NBL) owns 70% of the rights of the field, and Delek Group (DGRLY) energy exploration units Avner Oil and Gas and Delek Drilling each own 1...
Most employees of two Chinese oil giants are staying in Iraq, despite a worrying security situation and a government warning that armed groups are targeting oil experts. The Iraqi government warned this month that armed groups nationwide ar...
The CNPC employee was reported by news wires to have been hijacked while working at the Halfaya oilfield but was later released by his captors and was undergoing medical checks in hospital. The Chinese state-owned company was reported to ha...
Chinese oil company Sinopec has ordered a third Havyard design for an offshore support ship; an 832L SE platform supply vessel to be built at the Fujien Mawei shipyard. Havyard is supplying the design package for the ship, its third order f...
Chinese energy stock advanced on Thursday as turmoil increased in Iraq. The Brent crude surged $114 this morning, lifting sentiment for oil producers. CNOOC Ltd. (NYSE:CEO), Chinas offshore oil specialist, advanced $1.9 to $175.01 followed...
It is rare to find leading analysts covering an industry to be completely at odds with the chief executive of the major player. Thats why you will find the KGB interview with Santos chief David Knox, to be published later today, so fascinat...
As the top petroleum exhibition in China, cippe has been working closely with WPC...