Archive for the 'Oil & Gas' Category
CNPC goes au natural
China National Petroleum Corporation (CNPC) signed a natural gas deal with China Resources (Holdings) Tuesday, a move to enhance its business in the natural gas sector. The deal includes cooperation in natural gas ... Read More
China to tap more unconventional gas to ease energy shortage
China is set to exploit more unconventional gas reserves to meet rising demand and to power its rapid economic growth as part of the country’s efforts to grapple with energy shortages and climate change. Natural gas ... Read More
Safety boost for offshore pipelines
The country’s top legislature has highlighted the safety of its offshore pipelines, amid growing worldwide concern following the Gulf of Mexico oil spill. The latest draft law on oil and natural gas pipelines has ... Read More
Latest draft law to boost offshore drilling safety
The country’s top legislature has highlighted the safety of its offshore pipelines, amid growing worldwide concern following the Gulf of Mexico oil spill. The latest draft law on oil and natural gas pipelines has ... Read More
CNOOC Awaiting Ugandan Deal Approval
China National Offshore Oil Corporation (CNOOC) is awaiting approval from the Ugandan government for its purchase of British oil company Tullow Oil’s field assets in the country, in partnership with Total. If the ... Read More
Lack of money puts pipeline on hold
The second phase of China-Kazakhstan natural gas pipeline might be put off due to money shortages, the official yicai portal said Monday. The second phase, estimated at a total length of 1,300 kilometers inside Kazakhstan, ... Read More
Third oil firm wins full crude import right
China Zhenhua Oil Co Ltd has been granted by the government the full right to import and refine crude oil, making it the third company in China able to independently operate an integrated oil industrial chain, the Economic ... Read More
Chinese Oil Rivals Smell Blood in BP Disaster
While a blowout well continues spewing crude oil into the Gulf of Mexico, BP’s global rivals are circling like vultures, ready to devour any assets that the disaster-strained company might reluctantly shake ... Read More
Sating resource appetite
Securing stable, long-term oil supply is paramount and will drive China’s foreign policy over the coming decades An appetite for resources has long been a key determinant of Chinese foreign policy and recent figures ... Read More
CNPC, Kazakh gas company to tap Caspian reserves
The China National Petroleum Corporation (CNPC) announced Sunday it has signed an agreement with the Kazakh gas company KazMunayGas to jointly build the second phase of a gas pipeline in a bid to tap gas reserves in ... Read More
China, Kazakhstan sign new gas pipeline deal
China and Kazakhstan have signed a deal to build and finance a natural gas pipeline and deepen their cooperation on nuclear energy, extending the two countries’ ties on resources. Under the agreement signed on ... Read More
CNPC inks deal with Uzbekistan
China National Petroleum Corp (CNPC), the country’s largest oil and gas producer, has signed an agreement with the national oil company of Uzbekistan to buy 10 billion cubic meters of natural gas per year from the ... Read More
CNPC signs gas supply agreement with Uzbek oil company
The China National Petroleum Corporation (CNPC), parent of PetroChina, announced Thursday it has signed a framework agreement with Uzbekistan oil company Uzbekneftegaz to buy 10 billion cubic meters of natural gas ... Read More