his joint venture collaboration is the culmination of a multi-year effort by both companies to bring FTSIs hydraulic stimulation capabilities and expertise to China. Upon incorporation in China, the joint venture company, SinoFTS Petroleum...

In its latest medium-term forecasts for the natural gas sector, the IEA trimmed its five-year outlook for consumption by 0.2 points to an annual increase of 2.2 per cent as European countries step up use of renewable energy. However, it sai...

The $400 billion natural gas deal Gazprom signed with China National Petroleum Corp. last month strongly favors the Chinese company and its country, writes an analyst with Chatham House, the Royal Institute of International Affairs, London...

Chinas daily crude oil imports fell in May, after reaching a record high in April, as refining capacity dropped the most this year due to maintenance. Net overseas purchases were 26.08 million tonnes, according to data released by the gener...

BHP Billiton will invest heavily in energy and food as it follows China on its transition from a construction-led economy to a consumption power-house. Speaking to the media in Beijing where he wound up a 10-day tour of meeting BHPs commodi...

Chinas state-owned Sinopec said Wednesday it has signed a pact with Kuwait Petroleum Co to enhance cooperation in the oil sector, including refining. Sinopec, or China Petrochemical Corp., said the deal was signed Tuesday in Beijing in the...

China National Petroleum Corp. says Line C of the Central Asia-China Gas Pipeline became operational May 31 with the turn of a valve in Uzbekistan to receive gas from Turkmenistan. The 1,830-km line runs parallel with Line A and Line B. It...

Crude Oil Price Brent futures for July delivery declined by almost 0.5 percent on Friday to finish the week at $109.56 a barrel. The benchmark crude price has eased further today and was trading at $109.00 as of 14:15. Brent rose 1.24 perce...

Shares of two listed units of Chinese oil giant Sinopec Group - drilling equipment maker Kingdream and Sinopec Yizheng Chemical Fibre Co Ltd 1033.HK - were suspended from trading on Wednesday, pending announcements on transactions related t...

A fire that broke out during routine maintenance of several oil wells operated by Petrochina and Pertamina in East Java, Indonesia, on Tuesday has shut down 4,000 barrels per day of crude production, the countrys oil and gas regulator (SKKM...