[May 4, 2012] ONGC Videsh Limited (OVL), in collaboration with Vietnamese companies, has been engaged in exploration activity in the South China Sea since 1988. China, which is a party to the South China Sea dispute, has raised its concerns on India’s hydrocarbon

Loophole in US Sanctions Allows China to Trade Gold for Iranian Oil

[May 4, 2012] As we all know by now, at the end of 2011 President Obama signed an act to impose trade sanctions on Iran in an effort to force economic pressure on the Persian nation with the hope that they will halt their nuclear enrichment program. The sanctions will

China to employ 1st deep-sea rig in South China Sea

[May 4, 2012] China will formally employ its first home-made, deep-sea semi-submersible drilling platform in the east part of South China Sea on May 9, marking the beginning of the country’s deepwater oil strategy, the National Energy Administration said.Ocean Oi

China Exploration

Aquino Open to China Sea Oil Deal Separate From Territory Spat

[May 7, 2012] Philippine President Benigno Aquino said he’s open to an agreement with China that would allow companies to exploit oil and gas resources while the governments separately resolve South China Sea border disputes.

CNOOC upbeat on offshore prospects

[May 3, 2012] China National Offshore Oil Corp. is examining several developmental ideas for the South China Sea, where typhoons create offshore problems, an executive said. Xiaojian Jin, general manager of engineering and construction at CNOOC, told delegates at an of

ConocoPhillips to compensate for China oil leaks

[Apr. 30, 2012] US energy giant ConocoPhillips China and its partner the China National Offshore Oil Corp have agreed to pay 1.68 billion yuan ($267 million) for the oil leaks off northern Bohai Bay, China’s maritime watchdog announced on Friday. ConocoPhillips China will pay 1.09 billion yuan in compensation for the oil spills, while China National Offshore Oil Corp and the Chinese unit of ConocoPhillips will pay 480 million yuan and 113 million yuan respectively for environmental protection efforts in Bohai Bay, according to the State Oceanic Administration.

China Refining

Obama is letting China buy our energy fields

[May 16, 2012] Everybody knows Barack Obama wants America to be energy independent; just ask him and he’ll tell you so. What he won’t tell you is why he is standing by and watching while China is buying American oil and gas in alarming amounts. In an era tha

CNOOC Sends Crane Ship to South China Sea

[May 16, 2012] China National Offshore Oil Corp. (CNOOC), the country’s largest offshore oil producer, announced Tuesday it would send a newly-built crane ship to the South China Sea to carry out deepwater pipe-laying operations.The CNOOC-201, China’s first deepwater pi

China : CNPC supports rescue and relief work in Minxian County [TendersInfo (India)]

[May 16, 2012] (TendersInfo (India) Via Acquire Media NewsEdge) On May 10, heavy hail and flood struck Minxian County of Dingxi City, Gansu Province, resulting in collapse or damage of residential constructions, and severe destruction of public services including health

China Biofuels, Green Energy

CNOOC to enter the photovoltaic industry spent $ 300 000 000 adverse economic dips

[Apr. 16, 2012] joint venture in Tianjin through its subsidiary, Tianjin Lishen Battery Co., Ltd. with the Spanish solar company Isofoton, CNOOC held 51% stake in the joint venture and provide funding for the development of the plant, the Isofoton holds a 49% stake, to provide support for the manufacture and sale of solar equipment, the two plan to build 150 MW solar cell manufacturing plant and photovoltaic power plants, for CNOOC will spend $ 300,000,000.

For State-Owned Sinopec, Opposition to Energy Takeover Bid

[Mar. 6, 2012] In the past 12 months, Sinopec, the big Chinese energy company, has embarked on a US$10 billion global spending spree, buying up assets from Brazil to Canada. But a largely unnoticed deal on its home turf is proving to be the toughest test yet for its glo

Sinopec unveils massive plans for aviation biofuels production in China

[Mar. 2, 2012] In China, Sinopec wants to produce commercial scale biofuels for airplanes and has sought permission to do so from the country’s national aviation regulator. The company expects it could produce a third of the national aviation fuel demand, 12 milli

China Gas , LNG / LPG

Shell proposes B.C. LNG project alongside Korean, Chinese, Japanese partners

[May 16, 2012] Royal Dutch Shell PLC and three Asian partners plan to build a liquefied natural gas export terminal in Kitimat, B.C. that would connect Canada’s vast supplies with energy-hungry markets on the other side of the Pacific.The Anglo-Dutch energy giant announ

Guangzhou primed for gas-fired power project

[May 16, 2012] Pending a second environmental impact study by the Guangzhou Environmental Protection Bureau (EPB), Guangdong Yudean Group Co. Ltd. will begin retrofitting Guangzhou’s thermal power plants to become gas-fired distributed power co-generation facilities.

Hotan River Gasfield to bump up annual production capacity

[May 16, 2012] The Hotan River Gasfield in the Xinjiang Uyghur Autonomous Region plans to increase annual production capacity from 438 million cubic meters (MMcm) to one billion cubic meters by the end of 2013, Ren Nijun, a spokesmen for PetroChina Tarim Oilfield, told

China Pipelines

China Non-Committal on Financing South Sudan Pipeline

[Apr. 30, 2012] The South Sudanese president Salva Kiir unexpectedly cut short his five-day visit to China as the latter showed reluctance to give green light for Juba’s request that Beijing finance an alternative oil pipeline.

China made no pipeline deal with S. Sudan

[Apr. 27, 2012] China would make investment decisions regarding South Sudan’s oil sector based on commercial prospects not the political climate, an analyst said.

Uzbeks approach Kazakhs for access to China gas pipe

[Apr. 27, 2012] Uzbekistan is in talks with neighbouring Kazakhstan to ship its natural gas via a pipeline running from ex-Soviet Central Asia to China, Kazakhstan’s state gas transportation company KazTransGas said on Thursday.

China Terminals & Storage

Rosneft Shareholders Approve Price Cut for China Oil Supplies

[Apr. 17, 2012] Shareholders of Russia’s state-controlled oil giant Rosneft approved a discount of $1.5 per barrel for oil supplies to China, Rosneft said in a statement on Monday.

China puts first oil response vessel into use

[Apr. 17, 2012] China has put the country’s first oil spill response vessels (OSRV) into use, a move to strengthen emergency response capabilities in case of oil spill accidents, Xinhua News Agency reported. The vessel named "Haite 191" was put into operation Thursday off southern China’s Guangxi Zhuang autonomous region, said Li Guokai, chief of the region’s Maritime Safety Administration (MSA).

China to begin delivering oil ships to Iran in May

[Apr. 16, 2012] Chinese shipyards are expected to deliver the first of 12 supertankers to Iranian oil shipping operator NITC in May, two months ahead of a European ban that would make it difficult for most of the world’s fleet to carry the OPEC member’s oil.

China Petrochemical

Keyuan Petrochemicals Inc. Files Extension for Form 10-Q for the Three Months Ended March 31, 2012 Filing

[May 16, 2012] NINGBO, China, May 15, 2012 /PRNewswire via COMTEX/ -- Keyuan Petrochemicals Inc. (otcqb:KEYP), ("Keyuan" or "the Company"), an independent manufacturer and supplier of various petrochemical products in China, today announced that it f

Taiwan's CPC may invest in Malaysian petrochemical project

[May 15, 2012] Kuokuang Petrochemical Technology Co, 43%-owned by CPC Corp, an oil company based in Taiwan, is evaluating whether to invest in a refining and petrochemical project in Malaysia, said Jessica Tang, a spokeswoman for CPC.Tang added that Kuokuang may spend b

The Fujian Gulei into cross-strait petrochemical industry gathering place

[May 15, 2012] China news agency, Zhangzhou, May 14 (Liu Yongming and Zhang Wenyi) – the past few days, the petrochemical project in Gulei Port Economic Development Zone, Fujian Zhangpu County construction site, workers are scheduled to race against time to ensure

China Commodities

Exclusive: China mulls guarantees for ships carrying Iran oil

[May 2, 2012] China is considering sovereign guarantees for its ships to enable the world’s second-biggest oil consumer to continue importing Iranian crude after new EU sanctions come into effect in July, the head of China’s shipowners’ association said.

Country diversifies oil sources

[May 2, 2012] European and US tensions with Iran will not affect China’s crude oil supplies in the short term as China diversifies its oil sources and expands its oil reserves to offset its declining purchases of Iranian oil.

SHFE fuel oil futures drop after crude oil weakens

[Apr. 30, 2012] Shanghai Futures Exchange (SHFE) fuel oil prices sank amid thin trading on April 27 - despite global crude oil prices rising overnight. The most traded 2012 September contract closed the session down 0.33 percent at RMB 5,435 ($865.45) per ton.

China Finance & Acquisition

Sinopec Negotiating To Buy Repsol's Argentina YPF -Report

[May 4, 2012] China Petrochemical Corp., known as Sinopec Group, has reached a non-binding agreement with Spain’s Repsol YPF SA (REP.MC) to purchase its Argentine subsidiary for more than $15 billion, Caixin Online reported Wednesday, citing unnamed people close to Sin

Sinopec Plans Dollar Bond After Roadshow Through May 9

[May 4, 2012] China Petrochemical Corp., known as Sinopec Group, is planning to sell a U.S. dollar bond after meetings with fixed-income investors concluding May 9, a person familiar with the proposed deal told Dow Jones Newswires on Thursday.The state-owned firm, Asia

UNIPEC takes over marketing of Ghana's crude oil

[May 3, 2012] China’s largest oil trading firm, UNIPEC has taken over the marketing of Ghana’s share of crude Oil from the Jubilee field. JOYBUSINESS has learnt the firm took over the role from January this year. This was after the Ghana National Petroleum Company deci

China Govt & Regulatory

China edges towards oil multilateralism amid fight between Sudan and South Sudan

[May 3, 2012] Amid the border fighting between Sudan and South Sudan that has paralysed most oil production in the two countries, there are signs of a subtle shift in Chinese overseas energy policy to embrace a tentative multilateral approach. Sudan has long been a sym

China's PPI down 0.3% in March

[Apr. 10, 2012] China’s imports of most commodities, including crude oil and copper, are set to slow in March from February, reflecting weaker economic activity as distortions caused by the Lunar New Year holiday dissipate, traders and analysts said on Monday. A raft of economic data due this week from China, including first-quarter gross domestic product and trade balance, is set to show the world’s second-largest economy is slowing but not crashing. The strength of its commodities imports in March would also help to set the tone for the market for the second quarter.

Trade still key to China's economic growth

[Apr. 9, 2012] China’s trade development and consumption expansion in the past three decades contributed greatly to the global trade balance, Commerce Minister Chen Deming said during the China Development Forum.