Latest SZ China Reports Updates

• SZ China Natural Gas Bi-weekly Report Apr 1-15,2012 [Apr. 25, 2012]
• SZ China Natural Gas Quarterly Report Q1 2012 [Apr. 3, 2012]
• SZ China Refining Monthly Report-Mar’2012 [Apr. 2, 2012]
• SZ China Natural Gas Bi-weekly Report Mar 16-31,2012 [Apr. 2, 2012]
• SZ China Natural Gas Bi-weekly Report Mar 1-15,2012 [Apr. 2, 2012]

• SZ China Natural Gas Bi-weekly Report Apr 1-15,2012
  [Apr. 25, 2012] 
• SZ China Natural Gas Quarterly Report Q1 2012
  [Apr. 3, 2012] 
• SZ China Refining Monthly Report-Mar’2012
  [Apr. 2, 2012] 

• SZ China LPG Prices Daily Alert May 15, 2012
  [May 15, 2012] 
• SZ China LPG Prices Daily Alert May 14, 2012
  [May 14, 2012] 
• SZ China LPG Prices Daily Alert May 11, 2012
  [May 11, 2012] 

[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

[May 2, 2012] China Petroleum and Chemical Corp. and ENN Energy Holdings Ltd. (2688), joint bidders for China Gas Holdings Ltd. (384), extended the deadline for the acquisition to July 6 as they wait for regulatory approvals.

[Apr. 27, 2012] PetroChina, Asia’s biggest company by market value, reported a 5.8 percent rise in first-quarter profit, beating forecast, as strong oil and natural gas production gains offset losses racked up by its refining and chemicals businesses.

[Apr. 26, 2012] Concerns about a slowdown in China and other key emerging markets overshadowed Caterpillar Inc’s better-than-expected rise in first-quarter profit,sending its shares down 5 percent during Wednesday’s trading session.

[Apr. 26, 2012] Cnooc Ltd. (883) sold $2 billion of bonds denominated in U.S. dollars in its first offering in more than a year. China’s biggest offshore oil and gas explorer issued $1.5 billion of 3.875 percent, 10-year notes and $500 million of 5 percent, 30-year bonds, both at a relative yield of 190 basis points more than similar-maturity Treasuries, according to data compiled by Bloomberg.

[Apr. 26, 2012] China will encourage more companies to invest in South Sudan and called on the country to create a better environment for investment and protect the safety of Chinese employees and their property, Vice-Premier Li Keqiang told visiting South Sudan President Salva Kiir Mayardit on Wednesday.

[Apr. 25, 2012] China’s biggest offshore oil and gas producer CNOOC Ltd. (IW 1000/145) said Tuesday its first quarter revenue rose 3.7% year-on-year, and it was on track to achieve its growth targets for this year.

[Apr. 25, 2012] CNOOC Limited said it has achieved a total net production of 79.8 million barrels of oil equivalent (BOE)in the first quarter of 2012, representing 6.3% decrease year over year (YoY) mainly due to the suspension of production of Penglai 19-3 oilfield at Bohai which is operated under a production sharing contract.

[Apr. 25, 2012] Chinese state oil giant Sinopec Group may inject only as much as half of its global oil and gas reserves into Sinopec Corp (0386.HK) as it holds onto assets in volatile countries such as Syria, far from enough to cut the unit’s exposure to unprofitable refining at home.

[Apr. 23, 2012] Shanghai Futures Exchange (SHFE) fuel oil prices fell April 20 despite an overnight increase in international crude oil prices. The most traded 2012 May contract closed the session up 0.18 percent at RMB 5,506 ($872.74) per ton.

[Apr. 23, 2012] China Petrochemical Corp.’s $3.54 billion acquisition of a stake in Galp Energia SGPS SA (GALP)’s Brazilian unit was approved by the Chinese government in March, according to a statement on the website of the country’s National Development and Reform Commission.

[Apr. 23, 2012] China is expected to begin trading in crude oil futures within the year, a senior government official said Wednesday, as the world’s second-largest oil consumer and crude buyer aims to increase its say in oil pricing.

[Apr. 19, 2012] Argentina’s move to nationalize local oil company YPF, controlled by Spain’s Repsol, has scuppered years of planning by China’s Sinopec Group to buy the South American company, sources said.

[Apr. 19, 2012] China Petrochemical Corp (Sinopec Group) is in talks with Repsol-YPF, Spain’s largest oil company, to buy out the latter’s stake in Argentinean oil unit, YPF, a source close to the deal disclosed Tuesday, Global Times reported.

[Apr. 19, 2012] China’s state-owned Petrochemical Corp (Sinopec) spokesman Huang Wensheng came on stage to play down rumours indicating that Argentina’s move to nationalize local oil company YPF, controlled by Spain’s Repsol, has spoiled years of planning by Sinopec to buy the energy giant.

[Apr. 19, 2012] China plans this year to offer a crude-oil futures contract, according to the country’s securities regulator, a move that could help domestic companies cope with fluctuating oil prices and increase China’s influence over global pricing.

[Apr. 18, 2012] Argentina’s move to nationalize local oil company YPF, controlled by Spain’s Repsol, has scuppered years of planning by China’s Sinopec Group to buy the South American company, sources said.

[Apr. 18, 2012] Repsol tried to sell a controlling stake in its Argentinian oil company to a Chinese energy group before it was nationalised by Buenos Aires, according to two people familiar with the talks.

[Apr. 17, 2012] Fitch Ratings has assigned CNPC General Capital Limited, B.V.I.’s USD650m 2.75% guaranteed senior notes due 2017 and USD500m 3.95% guaranteed senior notes due 2022 final ratings of ’A+’.

[Apr. 17, 2012] Sinopec Southwest Oil & Gas Co. Ltd. produced 708 million cubic meters (MMcm) of natural gas in the first quarter (Q1) of 2012, representing 23.59 percent of the three bcm targeted for this year, its parent China Petrochemical Corp. (Sinopec Group) said on Monday.

[Apr. 16, 2012] China Knowledge reported that China National Petroleum Corp or CNPC, the parent company of PetroChina Co Ltd intends to issue CNY 20 billion worth of corporate bonds with a maturity of ten years on the interbank market from April 12 to April 14.

[Apr. 13, 2012] China’s three state-run oil giants — China National Petroleum Corporation, Sinopec Group and China National Offshore Oil Corp (CNOOC) — earned a total of 274.94 billion yuan (US$43.44 billion) in 2011, but suffered losses of 119 billion yuan (US$18.9 billion) in oil refining and the sale of natural gas, reports Shanghai Securities News.

[Apr. 12, 2012] Fitch Ratings has assigned CNPC General Capital Limited, BVI’s proposed USD guaranteed senior notes due 2017 and 2022 expected ratings of ’A+(exp)’.

[Apr. 12, 2012] China’s three state-run oil giants — China National Petroleum Corporation, Sinopec Group and China National Offshore Oil Corp (CNOOC) — earned a total of 274.94 billion yuan (US$43.44 billion) in 2011, but suffered losses of 119 billion yuan (US$18.9 billion) in oil refining and the sale of natural gas, reports Shanghai Securities News.

[Apr. 11, 2012] CNPC Finance (HK) Limited* Moody’s assigns A1 issuer rating to CNPC Finance (HK); outlook stable 

[Apr. 11, 2012] Interfax-China reported that China National Petroleum Corp crude oil output from domestic and overseas assets grew 5.54%YoY to 149.27 million tons in 2011, the highest increase since 2008.

[Apr. 9, 2012] The smallest of the three major oil companies CNOOC 2011 net profit is once again approaching Sinopec. Report shows that, in accordance with international accounting standards, PetroChina, Sinopec, CNOOC, respectively, to achieve net profit attributable to parent company of 132.961 billion yuan, 71.697 billion yuan, 70.26 billion yuan in oil as the only net profit year on year decline in business, a decline of Sinopec for 5.0% year-on-year increase slightly to 1.4 percent, CNOOC surged 29.1 percent growth rate hit a record high.

[Apr. 9, 2012] China’s two oil giants, PetroChina and Sinopec, are expected to improve their profit margins this year due to increased oil production and frequent fuel price hikes while losses in their refining arms will contract as a result of the lower cost of crude oil, analysts said Thursday, Global Times reported.

[Apr. 9, 2012] Shanghai Shenhua Holdings Co Ltd<600653> has said that it plans to issue RMB 300 million worth of 365-day unsecured bills on the interbank market on Apr. 11.

[Apr. 5, 2012] Richard Ong’s RRJ Capital and Temasek, Singapore’s state investment agency, are investing about $600m to anchor Kunlun Energy’s $1.35bn capital raising, two people familiar with the deal said.

[Apr. 5, 2012] Hong Kong-listed Kunlun Energy Co<0135>, a subsidiary of PetroChina<601857><0857>, China’s largest oil producer, announced Tuesday it has raised HK$10.48 billion or US$1.35 billion through a private placement.

[Apr. 3, 2012] Sinopec Chairman Fu Chengyu in Boao Forum for Asia 2012 Annual Meeting of the energy / resource: both supply and demand dialogue “sub-forum, said in Sinopec will focus on bio-oil, clean energy as well as unconventional shale gas, unconventional shale gas development trend is very good.

[Apr. 3, 2012] Dutch oil company Shell has signed the first shale oil production sharing agreement with China’s state-controlled China National Petroleum Corporation (CNPC). China has one of the world’s largest shale oil reserves. According to analysts, due to lack of technical expertise, China’s development in this industry has been slow. CNPC will work together with Shell’s high-level technology for shale oil extraction

[Apr. 3, 2012] PetroChina Co. surpassed global rivals Exxon Mobil Corp. (XOM) and OAO Rosneft to become the biggest oil producer among publicly traded companies last year.

[Apr. 2, 2012] Evening news, Sina Finance, April 1, China Petroleum & Chemical Corporation Chairman Fu Chengyu in Boao Forum for Asia in mid-2012 ’, said the company is the largest investment in the bio-oil, clean energy and shale in three areas. Fu said, we first in the world, the big investment in shale gas in the North American market, including the United States and Canada, we are not only the investment of shale gas, more through our partners in the shale gas technology to further push forward. Secondly, we have a greater investment on the Chinese.

[Mar. 30, 2012] PetroChina (0857.HK) reported a 26 percent drop in quarterly earnings, lagging forecasts, due largely to hefty refining losses, and the oil major forecast slower output growth for this year.PetroChina (601857.SS) (PTR.N) said on Thursday oil and gas outpu

[Mar. 30, 2012] A relationship forged from Devon Energy Corp’s operations in the South China Sea helped Sinopec seal a unusual $2.5 billion deal to explore for oil and gas in emerging shale fields in North America, Devon’s chief executive said at the Howard Weil Energy c

[Mar. 30, 2012]  China Petrochemical Corp., known as Sinopec Group, said Thursday it completed a deal to buy a 30% stake in the Brazilian unit of Portuguese oil company Galp Energia SA (GALP.LB) for $5.16 billion.The pact is the latest in China’s drive to buy into B

[Mar. 30, 2012] Enbridge Inc. says China’s biggest state-controlled oil company is interested in buying part of its proposed $5.5-billion Northern Gateway pipeline project and play a key role in building it, according to a report Thursday in the Financial Post.Enbr

[Mar. 6, 2012] The expansion blueprints of Chinese oil companies overseas are currently facing "unprecedented challenges", which means that the State-owned enterprise giants should prepare for the unexpected, according to a former executive of China National P

[Mar. 6, 2012] Most commodities fellon Monday, with copper and silver dropping steeplyafter top buyer China cut its economic growth target, a movethat also limited gains for oil on possible disruptions tosupplies from Iran. "With China reducing the expected growth

[Mar. 6, 2012] Oil prices slipped to near $106 a barrel on Monday as China lowered its economic growth target, but simmering tensions over Iran’s nuclear program kept crude near 10-month highs.By early afternoon in Europe, benchmark oil for April delivery was down 47 ce

[Mar. 6, 2012] Since 2010, Chinese companies have invested more than $17 billion into oil and gas deals in the U.S. and Canada, giving their energy-thirsty nation a long-coveted foothold in a region known for innovative new drilling techniques.

[Mar. 5, 2012] China North East Petroleum Holdings Limited (the "Company") (NYSE Amex: NEP), announced that during the day of March 1, 2012, the Company discovered that the Securities & Exchange Commission ("SEC") issued an Order of Suspension of

[Mar. 5, 2012] A deal to talk joint ventures with a Chinese national oil company could shrink the 12 years Sun-shine Oilsands Ltd. has allot-ted to grow to 200,000 barrels per day of bitumen output, says its chief executive. John Zahary said Friday the $580 million

[Mar. 5, 2012] China Petrochemical Development Corporation announced that it was imposed a fine of NTD 100,000 by Environmental Protection Bureau of Kaohsiung City, due to the Company’s factory’s violation of Water Pollution Control Act.

[Mar. 1, 2012] ENN Energy Holdings Ltd. (2688), the gas supplier bidding for China Gas Holdings Ltd. (384), rose the most in almost seven weeks on speculation its decision to delay a notice to shareholders indicates it may not increase its offer.The shares gained 3.9 pe

[Feb. 29, 2012] Top Chinese oil producer, China National Petroleum Corp (CNPC), said it will sell 20 billion yuan ($3.18 billion) in six-month super short-term commercial paper (SCP) on Thursday, March 1.This confirms a Reuters story last week citing sources saying that

[Feb. 29, 2012] ENN Energy Holdings Ltd. (2688.HK) said Tuesday its board of directors has postponed the date of despatch of the shareholder meeting circular relating to its attempted acquisition of China Gas Holdings Ltd. (0384.HK) to no later than the end of March.&nbs

[Feb. 29, 2012] Keyuan Petrochemicals Inc. recently announced that it has signed a long-term supplier agreement with Shell Petrochemicals Company Limited to purchase butadiene, an essential raw material used in the production of styrene-butadiene-styrene (SBS). The

[Feb. 27, 2012] Shanghai Futures Exchange (SHFE) fuel oil prices rose in thin trade Feb. 24 following an overnight jump in the international crude oil prices. The most traded 2012 March contract closed the session down 0.39 percent at RMB 5,385 ($854.92) per ton.

[Feb. 24, 2012] Sinochem International Corp<600500>, the largest chemical products supplier in China, has announced plans to spend about RMB 3.2 billion in total on two acquisitions at home and abroad.

[Feb. 23, 2012] China National Petroleum Corp, the country’s biggest energy producer, offered to buy a stake in Woodside Petroleum Ltd’s Browse liquefied-natural-gas project in Australia, two people with knowledge of the matter said.CNPC made a binding bid for as much as

[Feb. 23, 2012] China’s National Development and Reform Commission has approved PetroChina Co.’s (PTR) acquisition of the remaining 40% stake in the MacKay River oil-sands project in Canada that it doesn’t already own, it said on its website Wednesday.Athabasca Oil Sands

[Feb. 23, 2012] China Aviation Oil (Singapore) Corporation Ltd (CAO) on Wednesday announced that its fourth-quarter net profit in 2011 was down 43 per cent on-year to S$7.16 million from S$12.6 million in the previous year.CAO said this was mainly due to the provision fo

[Feb. 23, 2012] China National Offshore Oil Corp, the country’s biggest marine oil producer, is negotiating with Uganda to participate in the African country’s first refinery, which will be adjacent to the Lake Albert Basin. CNOOC, together with the British oil firm Tull

[Feb. 22, 2012] China National Petroleum Corp., the country’s biggest energy producer, offered to buy a stake in Woodside Petroleum Ltd.’s Browse gas project in Western Australia, two people with knowledge of the matter said.The state-controlled company, know

[Feb. 22, 2012]  Sinopec Kantons Holdings Ltd., a Hong Kong-listed oil trader, plans a rights offer of one new share for each one held to raise HK$3.49 billion ($451 million) to fund planned acquisitions.The company will offer 1.04 billion rights shares at HK$3.37 e

[Feb. 22, 2012] China Petroleum and Chemical ADR Repstng 100 H Ord Shs (NYSE: SNP) was downgraded by investment analysts at Citigroup (NYSE: C) from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday.Separately, analysts

[Feb. 22, 2012]  China’s commercial crude oil stocks inched up 1.2 percent at the end of January from a month earlier after declining for three consecutive months, a report published by the official Xinhua News Agency showed on Tuesday.But inventories of refined oil

[Feb. 21, 2012] China Petroleum & Chemical Corp., Asia’s largest refiner, fell the most in five months in Hong Kong trading after crude advanced to the highest since May in New York.China Petroleum, known as Sinopec, dropped as much as 5.3 percent, the biggest

[Feb. 21, 2012] China’s biggest oil companies are learning how to alleviate the risks resulting from the uncertain geopolitical scenarios in the Middle East and North Africa.One of their latest moves is a plan to assemble equipment in Dubai in the United Arabic Emirates.

[Feb. 20, 2012] China National Petroleum Corp., the country’s largest oil and gas producer by output, said Monday that it plans to sell CNY20 billion (US$3.2 billion) worth of bonds on the interbank market on Wednesday.The bonds will be evenly split between two maturity

[Feb. 20, 2012] Chinese-Malaysian oil firm Petrodar, the main oil operator in South Sudan, denied on Sunday it had helped Sudan seize any southern oil, after Juba accused Chinese firms of cooperating with Khartoum in a row between the two countries.South Sudan is locked

[Feb. 20, 2012]  China should use its own currency to pay for oil imports from the Middle East, Central Asia and Russia to boost the yuan’s global role and challenge the dollar’s dominance, a top Chinese commercial bank executive said in comments published on Monday

[Feb. 17, 2012] National Iranian Oil Co has reached an agreement in principle with China International United Petroleum & Chemical Corp, known as Unipec, for a long-term supply contract to supply crude oil in 2012, a person familiar with Iran’s oil sales said y

[Feb. 16, 2012] An  emerging multinational  oil and gas service group,  Gas Group, has signed a joint collaborative agreement with China National Offshore Oil Corporation Energy Group  to invest over $200m in the development of oil field-related tools

[Feb. 16, 2012] SmarTrend identified an Uptrend for China Petroleum & Chemical (NYSE:SNP) on August 29th, 2011 at $96.69. In approximately 6 months, China Petroleum & Chemical has returned 23.13% as of today’s recent price of $119.05.In the past 52 weeks, China P

[Feb. 15, 2012] The Canadian energy company, whose cornerstone investors include China’s sovereign wealth fund, kicks off the management roadshow today.Calgary-based Sunshine Oilsands will launch the institutional bookbuilding for its Hong Kong initial public offer

[Feb. 15, 2012] The privatisation of China Resources Gas’ (CR Gas) subsidiary Zhengzhou China Resources Gas (ZZ Gas) was finalised in Hong Kong on Tuesday, with Zhengzhou Gas being delisted from the Hong Kong Stock Exchange (HKSE) before the market opened its morni

[Feb. 15, 2012] The China Petroleum Pipeline Bureau (CPP), a unit of China National Petroleum Corp. (CNPC), has signed a strategic collaboration agreement with the China-Africa Development Fund Co. Ltd. (CAD Fund), CNPC announced Feb. 13.

[Feb. 15, 2012] Fortune Oil PLC increased its long position in China Gas Holdings (HKG:0384) from 8.96% to 9.03% on February 7 by acquiring 3.156 million shares at HK$3.629 per share on average on the Stock Exchange, the Stock Exchange’s Disclosure of Interests informati

[Feb. 15, 2012] Canadian Natural Resource Minister Joe Oliver, who is concomitant Prime Minister Stephen Harper on a four-day revisit to China, pronounced he’s assuring Chinese officials that a republic is acquire to enhance investments in Canada’s oil industry.Harper le

[Feb. 15, 2012] Canadian Conservative Prime Minister Stephen Harper is in the midst of an official visit to China.His mission?To convince Beijing’s mandarins to buy Canada’s Alberta oil sands hydrocarbon production, now that Republican Congressional overreach

[Feb. 15, 2012] The National Development and Reform Commission (NDRC), China’s top economic planner, recently approved seven overseas merger & acquisition (M&A) projects by China’s three oil giants, Yunnan Info Daily reported Tuesday.Three of the seven projects c

[Feb. 14, 2012]  Sinopec Sichuan Sales Company (hereinafter referred to as the attorney of a party to the “Sichuan Sinopec”) and “usury” event Fangjin Xin Pu Jie, Chinese net financial center to reporters disclosed today with the event relate

[Feb. 14, 2012] Longwei Petroleum Holdings Inc. (LPH) has gained the market’s attention lately, and so many investors are learning more about this company. Still, many American investors probably do not know what Longwei means in Chinese-dragon power. Being a fundamental

[Feb. 14, 2012] At conclusion of Monday’s trading session, shares of China North East Petroleum Holdings closed above the 200-day moving average of $2.68. If prices remain above the moving average, investors will view this as an indication of strength. Shares of NEP dram

[Feb. 14, 2012] Environment Minister Peter Kent is pouring cold water over concerns Canada is giving up its security and sovereignty by allowing Chinese investment in Alberta’s oilsands."Canada is looking to responsible investments by companies from around the world

[Feb. 14, 2012] Canadian Natural Resource Minister Joe Oliver said he’s assuring Chinese officials that the nation is welcome to expand investments in Canada’s oil industry.Canada doesn’t have sufficient capital to fully develop its oil reserves, Oliver

[Feb. 13, 2012] China North East Petroleum (NEP) is an independent oil company that engages in oil drilling project management and the extraction of crude oil in several oilfields in Northern China. As with many other Chinese firms, the company had a significant decrease

[Feb. 13, 2012] PetroChina Co. traded at the biggest discount to Hong Kong in two months and Chinese stocks in the U.S. slid as lower-than-expected lending and falling imports boosted concern the world’s second-largest economy is slowing.The Bloomberg China-US 55 I

[Feb. 13, 2012] China’s largest oil companies still lag far behind their foreign counterparts in terms of degree of internationalization, despite active forays into the global market through mergers and acquisitions last year, according to a research report released Thur

[Feb. 13, 2012] China dialed down spending on overseas oil and gas assets in 2011, with acquisitions down by one-third from a year earlier to $19.25 billion, China National Petroleum Corp. (CNPC) said in its 2011 Global Oil and Gas Industry Development Report issued on T

[Feb. 13, 2012] Saudi Basic Industries Corp. , or Sabic, and China Petrochemical and Chemical Corp. /quotes/zigman/269314/quotes/nls/snp SNP -1.36% , or Sinopec, have agreed to start negotiations with Trinidad and Tobago to possibly build a $5.3 billion methanol complex

[Feb. 10, 2012] Chinese oil executives are growing frustrated with regulatory delays in plans for the Northern Gateway pipeline, even as interest in Canadian oil and gas surges in the energy-hungry country, the head of Enbridge Inc. (ENB-T39.130.040.10%) says.Enbridge ch

[Feb. 10, 2012] Longwei Petroleum Investment Holding Ltd. /quotes/zigman/527097/quotes/nls/lph LPH +6.62% ("Longwei" or the "Company"), an energy company engaged in the storage and distribution of finished petroleum products in the People’s Republic o

[Feb. 10, 2012]  China hiked fuel prices by as much as 4 percent this week to help compensate refiners for rising oil prices, but the increase was too small to staunch the bleeding of most refineries and would leave demand in the world’s No.2 consumer intact.Wednesd

[Feb. 9, 2012] Chinese companies should intensify their drive to invest in Canada, especially in the energy sector, as there are tremendous opportunities, an official from the Ministry of Commerce said."We could anticipate the growth (of China’s investment in Canad

[Feb. 9, 2012]  China’s main stock market index soared by more than 2 per cent on Wednesday buoyed by rises in oil-related shares following an overnight hike in fuel prices.The key Shanghai Composite Index, which tracks shares traded in domestic and foreign currenc

[Feb. 9, 2012] China’s sovereign wealth fund China Investment Corp (CIC) and state refiner Sinopec are among the three cornerstone investors to pledge $350 million toward Canadian oil explorer Sunshine Oilsands Ltd’s Hong Kong IPO, Reuters reported, citing a source with

[Feb. 9, 2012] Sinochem Group, China’s fourth-biggest oil producer, has agreed to buy assets in Colombia from the French oil company Total SA for about $1 billion. The deal is meant to give Sinochem, a State-owned company, a bigger presence in the Latin American ma

[Feb. 8, 2012] Making money in stocks is about the easiest thing you can do.In terms of time spent to money returned, it’s right up there with being a supermodel or a rock star.And it all boils down to one simple plan: Buy low and sell high.The funny thing is that, by d

[Feb. 8, 2012]  Hong Kong and Chinese shares rose on Wednesday, lifted by mainland oil majors after Beijing raised fuel prices for the first time in 10 months, but gains were capped by chart resistance ahead of fresh China data later this week.Extended Greek debt r

[Feb. 8, 2012] 2011 1213 Japan-China Sinopec and Austrian energy jointly issued a general offer for the Chinese gas from the A involves funding of about HK $ 16 billion of commercial war kicked off immediately.Recently, this offer was China Gas as a “belongs to th

[Feb. 7, 2012] Prime Minister Stephen Harper is carrying a big bargaining chip as he tries to open Chinese markets for companies such as Manulife Financial Corp. - access to Canadian oil.Harper is leading a delegation of more than 40 Canadian executives on a four-day vi

[Feb. 6, 2012] Disclosures filed with the Hong Kong Securities and Futures Commission (SFC) show that Fortune Oil plc and SK E&S Co. have been aggressively buying up shares in China Gas Holdings Ltd. since news broke in December 2011 that the company was the target

[Feb. 6, 2012] PetroChina Co. Ltd.’s commitment to partner with Royal Dutch Shell PLC in a British Columbia shale gas play bolsters the business case for Shell’s liquefied natural gas project proposed for Kitimat, B.C., with Asian partners.With a large LNG importer sign

[Feb. 6, 2012] Fortune Oil Plc (FTO.L: News ) confirmed that it has purchased, on behalf of its Joint Venture with LIU Minghui, 33.91 million additional shares in China Gas Holdings Ltd or CGH, taking the overall Joint Venture holding in CGH to 385.03 million shares, re

[Feb. 3, 2012] PetroChina (PTR.NYSE, 601857.SH, 0857.HKG), a subsidiary of China National Petroleum Corp, announced that it would take a 20% stake in a Canadian natural and shale gas development owned by Royal Dutch Shell (RDS.NYSE, RDS.LSE), The Wall Street Journal rep

[Feb. 3, 2012] Portugal’s government said Thursday it is selling a 40 percent stake in national grid operator REN to China’s State Grid Corp. and Oman Oil for a combined euro592 million ($778 million).Portugal is privatizing some state companies to comply with the terms

[Feb. 2, 2012] China National Offshore Oil Corp., the country’s biggest offshore energy explorer, posted slower revenue growth last year following oil leaks and a failed overseas acquisition.Sales at the state-owned parent of Cnooc Ltd. reached 480 billion yuan ($

[Feb. 1, 2012] China’s state-run oil giant Sinopec plans to break off its oilfield engineering department and list it on the Hong Kong stock exchange, the Oriental Daily reports, though Sinopec has denied the report, according to a different newspaper, the Securities Da

[Feb. 1, 2012] A sales manager of Chinese oil giant Sinopec’s Shanxi Jinzhong branch has run away with tens of millions yuan in company funds, according to an online post by an anonymous blogger in Taiyuan, Shanxi Province."On August 26, Wu Bo, lead sales manager a

[Jan. 31, 2012] Some Chinese entities are in talks to buy upto 25 percent of Browse liquefied natural gas project, as Woodside Petroleum attempts to sell down a chunk of its equity, the Australian newspaper reported Friday.

[Jan. 31, 2012] The parent firm of Sinopec Corporation (0368) - Sinopec Group - plans to spin off its oilfield engineering services business on the main board this year.

[Jan. 30, 2012] On the face of it, it is a neatly packaged controversy.You could say it’s about the government’s weirdly over-the-top enthusiasm for the $6-billion Enbridge Inc. proposal to push a pipeline from Alberta’s oilsands through northern British Columbia to salt

[Jan. 30, 2012] China’s state-owned Three Gorges Corp. plans to invest $10 billion by 2018 in Pakistan’s energy sector and a delegation is scheduled to visit Pakistan on February 7, officials said on Friday.The Hong Kong-based United Energy Group Limited of C

[Jan. 30, 2012] Weakened by chronic infighting and the demise of its long-time financier Moammar Gadhafi, the African Union is turning instead to the embrace of its richest new ally: China.Col. Gadhafi, the Libyan dictator who was overthrown and killed last year, had bee

[Jan. 29, 2012] China Petrochemical Corp has agreed to pay $1.1 billion (Dh4 billion) to increase its stake in an Australian liquefied natural gas development led by Conoco-Phillips and Origin Energy.Sinopec Group signed a binding accord to boost its holding in the Austr

[Jan. 20, 2012] At first glance, a takeover offer tabled in early December from free-spending state-owned giant Sinopec for troubled gas distributor China Gas Holdings was expected by most China deal-watchers to go through with minimal fuss.

[Jan. 19, 2012] CNOOC Limited (the "Company", NYSE: CEO, SEHK: 0883) today announces a summary of the Company’s business strategy and development plan for the year 2012.The total targeted net production of the Company in 2012 is 330 to 340 million barrels of oi

[Jan. 19, 2012] China National Offshore Oil Corp. (CNOOC) has completed the acquisition of Zhuhai Donghua Natural Gas Co. Ltd. from China Petroleum & Chemical Corp. (Sinopec), CNOOC announced on Tuesday.

[Jan. 19, 2012] Ivanhoe Energy Inc. (TSX:IE) apologized publicly Wednesday for inadvertently upsetting PetroChina by announcing last week that it has agreed to sell its interest in a gas discovery in China to Royal Dutch Shell for US$160 million.The Calgary-based company

[Jan. 18, 2012] Odfjell SE has announced a joint venture with Tianjin Economic-Technology Development Area (TEDA) to develop a new terminal and marine facility at Nangang Industrial Zone in Tianjin, China.The new terminal will handle bulk liquid chemicals, petroleum and

[Jan. 18, 2012] State-owned Abu Dhabi National Oil Company (Adnoc) signed a strategic agreement with China National Petroleum Corporation (CNPC)to collaborate in upstream projects in undeveloped areas, state-news agency WAM reported on Tuesday."The Chinese company w

[Jan. 18, 2012] According to the United States “(Wall Street dailyBlog,Micro-blogReport this morning) “,twoChina Petroleum(601857,Shares) giant CNOOC and SINOPEC are combined for the purchase of an American oil and gas services company,and thus to obtain mini

[Jan. 18, 2012] Saudi Arabian Oil Co. and China Petroleum & Chemical Corp. will develop a refinery in Saudi Arabia at a cost of as much as $10 billion and are in talks to build another in China, their second in the country. The 400,000 barrel-a-day plant in the weste

[Jan. 18, 2012] Kuwait Petroleum Corporation (KPC) Chief Executive Officer Farouk Al-Zanki’s just-concluded visit to China and Vietnam has taken Kuwait’s vital projects in the two countries many steps further, as the parties agreed on new approaches to deal w

[Jan. 18, 2012]  Competing demand forWestern fuel oil from China and the Middle East has drawnsignificant volumes from the Singapore trading hub this month,allowing bullish pricing interests to continue to hold sway fora third month, traders said on Tuesday.Traders

[Jan. 18, 2012] Deutsche Bank AG reduced its long position in China Gas Holdings (HKG:0384) from 7.63% to 7.33% on January 5 by selling 13.107 million shares at HK$3.65 per share on average on the Stock Exchange, the Stock Exchange’s Disclosure of Interests information s

[Jan. 18, 2012] Last week Canadian Prime Minister Stephen Harper demonstrated that he’s more than willing to do that which his counterpart in the White House is unable or unwilling to do: display a little backbone when dealing with radical environmentalists and the

[Jan. 17, 2012] On Saturday – in the wake of Europe’s debt crisis – Saudi state oil company Aramco signed a deal with China’s Sinopec to build an oil refinery in the Red Sea city of Yanbu. The refinery will process 400,000 barrels of oil per day, some of whic

[Jan. 17, 2012] China Petrochemical Corp. (Sinopec Group) and Saudi Arabian Oil Co. (Saudi Aramco) have signed a deal to jointly build an $8.5 billion oil refinery in Saudi Arabia, state-run Xinhua news agency reported Jan. 14.

[Jan. 17, 2012] China’s state-owned PetroChina will be 100% owner of Athabasca Oil Sands Corp.’s MacKay River project at a total price of $2.5 billion (Can.) after paying a further $680 million (Can.) for the remaining 40% of the firm’s shares.AOSC said it exercised an o

[Jan. 17, 2012] Saudi Basic Industries Corporation, or SABIC, and China Petroleum and Chemical Corp., or Sinopec, have signed an agreement in Riyadh to explore opportunities in new petrochemical projects, SABIC said Monday.The agreement also confirms the commitment of th

[Jan. 16, 2012] Ivanhoe Energy Inc has signed a Memorandum of Understanding to sell its 90% PI in the PSC for the Zitong block in China’s Sichuan basin to Shell China Exploration and Production Company Ltd for $160 million.Asset highlights:•Block consists of d

[Jan. 16, 2012] Saudi Aramco and Sinopec Group of China on Saturday signed a joint venture agreement to set up an oil refinery in Yanbu on Saudi Arabia’s Red Sea coast.The Yanbu Aramco Sinopec Refining Co. Ltd. (YASREF) will begin production in the second half of 2014, p

[Jan. 16, 2012] Sinopec ( SNP , quote ) and ENN Energy ( XNGSY , quote ) have offered $2.2 billion to acquire China Gas Holdings ( CGHOF , quote ), but the Hong Kong gas and oil company has rejected the offer as "opportunistic," saying it fails to reflect the c

[Jan. 16, 2012] China’s state-owned National Petroleum Corporation (CNPC) signed a $700 million oil exploration contract with the Afghan government last week, the first foreign company to do so in many decades. Mining Minister Wahidullah Shahrani hailed the deal as

[Jan. 13, 2012] Sinopec Group recently held overseas upstream ’second five’ cum 50 million tons target deployment mobilization, at which the target is revealed: ’Twelve Five’ overseas equity oil output to reach 50 million tons, a figure has exceeded the nation’s largest

[Jan. 13, 2012] The battle for China Gas Holdings (0384.HK) intensified on Thursday as South Korea’s SK Holdings (003600.KS) tightened its grip on the takeover target which received an unsolicited $2.2 billion indicative offer from a consortium that included Sinopec (600

[Jan. 12, 2012] BASF and Sinopec recently inaugurated the $1.4 billion second phase of their integrated petrochemical site in Nanjing, bringing crucial chemicals to the China market that will support the development of more sustainable local industries. On the occasion o

[Jan. 12, 2012] Anhui Province Wenergy Co. Ltd. (Wenergy), a Shenzhen Stock Exchange-listed power producer in east China, will form a joint venture (JV) to develop liquefied natural gas (LNG) and coal-to-gas (CTG) projects, according to a filing with the Shenzhen bourse

[Jan. 12, 2012]  Gas company SK E&S, an affiliate of South Korean conglomerate SK Group, plans to buy an additional stake of around 5% in China Gas Holdings Ltd. for KRW120 billion ($104 million) to expand its gas business in China, an official at the Korean fir

[Jan. 12, 2012] Oil prices climbed Tuesday on expectations that China’s economy — and its appetite for petroleum — will continue to grow in 2012.Benchmark West Texas Intermediate crude rose by 93 cents to finish at US$102.24 a barrel in New York. Brent crude,

[Jan. 11, 2012] The battle between South Korea and China to own Gaztransport & Technigaz, a firm that develops systems for storing liquefied natural gas (LNG) on ships, could ultimately be one of survival for Korean shipbuilders after the country lost most of its mar

[Jan. 11, 2012] Zhengzhou China Resources Gas Co. plans to delist from the Hong Kong stock exchange on Feb. 14 after China Resources Gas Group Ltd. increased its stake, Zhengzhou said in a statement to the Hong Kong stock exchange.China Resources Gas now owns 60.39 perce

[Jan. 11, 2012] Continuing our exploration on where to invest in China for 2012 , we once again turn to the energy sector - one of three sectors that should grow in the new year. Even if China’s begins to slow, China’s oil and gas companies should benefit from government

[Jan. 10, 2012] China Petroleum & Chemical Corp (Sinopec Corp) said on Monday that its controlling shareholder China Petrochemical Corporation (Sinopec Group) has increased its stake in the firm to 76.38 percent from 75.84 percent. Sinopec Group acquired about 39 million shares of Sinopec Corp from the Shanghai Stock Exchange, and 425.5 million shares listed in Hong Kong, it said in a notice to Hong Kong stock exchange.

[Jan. 10, 2012] Sinopec<600028><0386>, Asia’s largest oil refiner, announced yesterday that its parent company China Petrochemical Corp or Sinopec Group has raised its stake in the company to 76.38%. Sinopec said in a statement that the parent company on January 9 bought 39.08 million A shares of the company. Meanwhile, Sinopec Century Bright Capital Investment Ltd, a wholly-owned subsidiary of Sinopec Group, purchased 425 million H shares on the secondary market.

[Jan. 10, 2012] China National Petroleum Corp. (CNPC) will issue RMB 20 billion ($3.16 billion) worth of corporate bonds to help fund construction of its 2nd West-East Gas Pipeline (WEP II), according to a bond prospectus filed on Monday with China Central Depository &am

[Jan. 10, 2012] Sinochem Petróleo Brasil Ltda, a 100-percent owned subsidiary of China’s Sinochem Corporation, has agreed with Anglo-French company Perenco to acquire a 10 percent stake in five oil blocks in Brazil, the company said in a statement issued on

[Jan. 10, 2012] The Bermuda unit of a major Texas oil and gas exploration firm today [Jan. 9] extended the exploration period of its Production Sharing Contract in China’s Yunnan Province.The Modification Agreement signed by Far East Energy Bermuda, Ltd. and China

[Jan. 9, 2012] Sinochem Group, China’s biggest supplier of chemical products, agreed to buy 10 percent stakes in five deep water natural-gas and oil exploration blocks off the coast of Brazil from Perenco SA.The purchase of the project stake in the Espirito Santo

[Jan. 9, 2012] “Chairman Fu” is stepping on the gas at Sinopec’s M&A machine.A $2.2-billion deal with U.S. oil and natural gas producer Devon Energy Corp this week is the Chinese group’s 11th deal since June and takes spending on acquisitions

[Jan. 9, 2012] PetroChina is buying the remaining 40 percent stake in the MacKay River Oilsands project, owned by Calgary-based Athabasca Oil Sands Corp.Athabasca announced the sale on Jan. 3, only a couple of weeks after the Alberta Energy Resources Conservation Board

[Jan. 9, 2012]  Sinochem Group, China’s biggest supplier of chemical products, agreed to buy 10 percent stakes in five deep water natural-gas and oil exploration blocks off the coast of Brazil from Perenco SA.The purchase of the project stake in the Espirito

[Jan. 9, 2012] State oil giant Saudi Aramco will sign a final deal next week to build a new 400,000 barrels per day (bpd) oil refinery in Yanbu with China’s Sinopec Group, the company said on Sunday.Aramco said the formal signing would take place on Jan. 14 in Dhahran,

[Jan. 9, 2012] China’s Sinochem Group said that it would acquire 10 percent stakes in 5 deep water natural-gas and oil exploration blocks from Perenco SA, reported Bloomberg.China’s biggest supplier of chemical products added that the acquisition of the project stake in

[Jan. 6, 2012] China National Offshore Oil Corp (CNOOC) is to sign a deal to acquire a 50 % stake in China United Coal Bed Methane Co. (CUCBM), according to reports. If so, the move reflects CNOOC Group’s efforts to become an integrated energy company by expanding its f

[Jan. 6, 2012] China National Petroleum Corp. (CNPC), the country’s largest oil and gas producer, will form a captive insurance joint venture (JV) with its listed subsidiary PetroChina Co. Ltd., a move that will enable CNPC to manage risk exposure more effectively.

[Jan. 6, 2012] In trading on Thursday, shares of China Petroleum & Chemical Corp. Inc (NYSE:SNP) entered into overbought territory, changing hands as high as $116.00 per share. We define overbought territory using the Relative Strength Index, or RSI, which is a tech

[Jan. 6, 2012] PetroChina Co (NYSE: PTR, SHA: 601857, HKG: 0857) said it signed an agreement with its parent, CNPC, to establish a self insurance company with ¥5 billion in registered capital. PetroChina will own 49% of the joint venture and its parent the remainder

[Jan. 6, 2012] A Chinese state giant trying to buy a Hong Kong-listed firm whose biggest shareholder is under arrest sounds like a shoo-in. But a $2.15 billion offer from state-owned oil giant Sinopec and ENN Energy Holdings for China Gas Holdings is turning into quite

[Jan. 5, 2012] Meet the new boss: Jiang Jemin, the 55-year-old chairman of China National Petroleum Corp. He’s about to become an Alberta employer.This week, Athabasca Oil Sands Corp. triggered an option on a 2009 deal with CNPC subsidiary PetroChina, so the Chine

[Jan. 5, 2012] Speculation about how Canadians view Chinese ownership of domestic energy assets is beginning to circulate once again. In the wake of two recent deals, one of which puts China in charge of an oil sands property for the first time, Claudia Cattaneo at the

[Jan. 5, 2012] State-owned China Petroleum & Chemical Corp, better known as Sinopec, has been on a tear in acquisitions in the past year, the most recent deal being Tuesday’s multi-billion US shale deal.At the helm of Sinopec is someone who has tried, and fail

[Jan. 5, 2012] Sinochem Group, the country’s fourth biggest oil company, recently inked a deal to acquire a 10 percent stake in a deepwater exploration project off the shores of Brazil, an official from the company said.Sinochem said it hopes the deal will give it techn

[Jan. 5, 2012] Several new comers South Korea’s SK Group, Deutsche Bank, and London-listed Fortune Oil have now joined the bidding battle for Hong Kong-based China Gas Holdings Ltd. (sehk:0384).On December 13, 2011, ENN Energy Holdings Ltd. (sehk:2688) and China Petrole

[Jan. 5, 2012] We are maintaining our Neutral rating on CNOOC Ltd. ( CEO ), based on its strong revenue growth and significant asset acquisitions, partially mitigated by unstable oil and gas fundamentals.Headquartered in Hong Kong,CNOOC is one of the three oil companies

[Jan. 5, 2012] State-owned Kuwait Petroleum Corporation (KPC) and China Petrochemical Corp., known as Sinopec, agreed on Wednesday to step up cooperation towards the smooth execution of their planned USD 9 billion joint venture to build a refinery and petrochemical comp

[Jan. 5, 2012] PetroChina will buy the remaining 40 percent stake in a Canadian oil sands project for $680 million.Calgary’s Athabasca Oil Sands Corp. sold a 60 percent share in its Mackay River project to PetroChina, China’s largest oil company by market value, for $1.

[Jan. 4, 2012] PetroChina — the first Chinese national oil company to win 100 per cent ownership of a northern Alberta oilsands project — may seek a new partner to help develop it, an executive said Tuesday.But Zhiming Li, president of PetroChina subsidiary

[Jan. 4, 2012] China Petrochemical Corp. struck a multibillion-dollar deal with Devon Energy Corp.for a one-third stake in five U.S. shale oil and gas fields, in another move by a Chinese state-owned firm eager to play a bigger role in the global rush to tap unconventio

[Jan. 4, 2012] The Upstream Oil and Gas Regulatory Body (BPMigas) expects China to pay US$5-7 per MMBTU for liquefied natural gas (LNG) supplied from Tangguh LNG in Papua.Rudi Rubiandini, deputy operational control of BPMigas, said LNG export price to Fujian, China shou

[Jan. 4, 2012] Kuwait Petroleum Corporation (KPC) Chief Executive Officer Farouk Al-Zanki is in Beijing to hold a series of meetings with Chinese oil executives, including on a planned a refinery and petrochemical complex in south China.The USD 9 billion project with As

[Jan. 4, 2012] China Petroleum & Chemical Corp. (600028) agreed to buy a one-third stake in five Devon Energy Corp. (DVN) exploratory oil projects covering 1.2 million acres in the U.S. for $900 million.China Petroleum & Chemical Corp., known as Sinopec, will pa

[Jan. 4, 2012] China is shifting away from being a passive investor in Canada’s vast oil sands, striking its first deal for an entire project.Seven years after China made its first minority investment, PetroChina International Investment Co. is close to owning all

[Jan. 3, 2012] sina.com, citing The Wall Street Journal, reported that Fortune Oil acquired 94 million shares, or a 2.15% stake, in China Gas Holdings.Korea’s SK E&S had spent a total of HKD 20 million to buy shares of China Gas Holdings on two occasions before Chri

[Jan. 3, 2012] Chinese state oil company Sinopec currently has a “golden opportunity” finally to expand its assets in Angola, getting closer to the positions held in the country by the large multinationals, said analyst Ana Cristina Alves.After a long stalem

[Jan. 3, 2012] Fortune Oil jumped 21.2 per cent to 12¼p over a shortened week of London trading, after announcing the acquisition of a 2.2 per cent stake in China Gas Holdings. The company later announced that it had agreed to form China Gas Group – a joint

[Jan. 2, 2012] South Korea’s SK Group has increased its stake holding in natural gas service operator China Gas Holdings Ltd., financial sources said Friday.South Korea’s largest energy group SK was already the largest shareholder of China Gas, owning a 9.68 percent sta

[Jan. 2, 2012] Fortune Oil PLC, a key shareholder in takeover target China Gas Holdings Ltd., will not accept the unsolicited $2.2 billion bid from Sinopec and ENN Energy Holdings Ltd., a top executive at Fortune told Reuters on Friday. "We will not sell the s

[Jan. 2, 2012] Reuters reported that China major oil and gas company China Petrochemical Corp signed agreements with nine domestic energy companies on Friday to secure supply for its Xinjiang gas pipelines project.According to the statement the nine companies included C

[Jan. 2, 2012] AVEVA has signed a strategic memorandum of understanding (MOU) in Beijing with the China Petroleum & Chemical Engineering Survey and Design Association (CPCESDA). AVEVA and CPCESDA will provide engineering design and information management technology

[Dec. 30, 2011] The Atyrau oil refinery, Kazakhstan’s oldest, signed a $1.7 billion contract with Chinese and Japanese companies on Thursday to build a deep oil refining facility, it said in a statement.Central Asia’s largest economy and the second biggest oil producer i

[Dec. 30, 2011] Kazakhstan signed a $1.7 billion contract with Chinese and Japanese companies on Thursday to upgrade Atyrau, the oldest refinery in the country, to produce cleaner fuels, the refinery said in a statement.Central Asia’s largest economy and the second bigge

[Dec. 30, 2011] PetroChina Co Ltd and China Petroleum & Chemical Corp (Sinopec) have signed an agreement with the Zhejiang government on six petrochemical projects worth 139.1 bln yuan (US$22 bln), as per China Securities Journal . The report said the two companies w

[Dec. 30, 2011] China Knowledge reported that China Resources Gas Group Ltd formerly known as China Resources Logic Ltd has inked an agreement to acquire a 49% stake in Ningbo Xingguang Gas for less than CNY 4 billion to form a joint venture in Ningbo, Zhejiang Province

[Dec. 30, 2011] Chinese oil giant CNOOC Limited (CEO) announced the sale of its 36.7205% working interest in Offshore Northwest Java Production Sharing Contract (ONWJ PSC) in Indonesia to EMP International (BVI) Limited, an affiliate of PT Energi Mega Persada.CNOOC&rsquo

[Dec. 30, 2011] China wrote history this week after gaining approval for oil exploration in the Amu Darya Basin in Afghanistan, making it the first international oil deal made by Afghanistan with a foreign country in several decades.Wahidullah Shahrani, the Afghan mining

[Dec. 30, 2011] Sinopec Kantons Holdings Ltd ("Kantons" or the "Company"; together with its subsidiaries (the "Group"); Stock Code: 934) is pleased to announce that it signed an agreement of acquiring the equity interest in the Five Crude Oi

[Dec. 29, 2011]  London-listed Fortune Oil PLC, which focuses on investments and operations in oil and gas supply and infrastructure projects in China, said on Wednesday that it has acquired a 2.15% stake in China Gas Holdings Ltd<0384> at a consideration of &

[Dec. 29, 2011] China’s economic growth is heavily reliant on oil, and not just from Saudi Arabia. China has diversified their investments and has reached into Africa’s market, home to one third of the world’s commodities.In 2009, China became the secon

[Dec. 29, 2011] As the head of Russia’s biggest oil company in the 1990s, Mikhail Khodorkovsky spotted lucrative business prospects in China long before fellow Russian billionaires.But it was only after Vladimir Putin moved into the Kremlin in 2000 that Khodorkovsk

[Dec. 29, 2011] Afghanistan on Wednesday signed an oil deal with China which could earn the war-torn country $7 billion over 25 years.Afghanistan’s first major oil exploration contract will see state-owned China National Petroleum Corporation develop three oil fields in

[Dec. 29, 2011] China’s CNOOC Limited (NYSE: CEO, SEHK: 0883) says that its subsidiary, CNOOC Southeast Asia Limited, has sold CNOOC ONWJ Ltd. to EMP International (BVI) Limited (“EMPI”) for approximately US$212 million. CNOOC ONWJ Ltd. holds a 36.7205%

[Dec. 29, 2011]  Fortune Oil Plc:* Has acquired 94,040,000 shares, representing 2.15%, in China gas holdings* Total cost of the purchase was £24.2 million

[Dec. 29, 2011] China Resources Gas Group Limited ("CR Gas" or the "Company", stock code: 1193; together with its subsidiaries, the "Group") proposed to establish a joint venture ("Joint Venture") in Ningbo, the People’s Republic o

[Dec. 29, 2011] China’s shares ended marginally higher Wednesday as bargain hunting set in with the benchmark index rebounding from the lowest level in nearly three years a day earlier.The Shanghai Composite Index, which tracks both A and B shares, ended up 0.2%, or 3.8

[Dec. 29, 2011] The parents of PetroChina Co (NYSE: PTR, SHA: 601857, HKG: 0857) and Sinopec Corp (NYSE: SNP, SHA: 600028, HKG: 0386), China’s oil duopolies, have both signed an agreement worth ¥80 billion with the Zhejiang government to refine and distribute oil and

[Dec. 28, 2011] China Resources Gas Group Ltd said on Tuesday it would form a joint venture with a Chinese state-owned company to supply piped gas in Ningbo city, with proposed total investment of 4 billion yuan ($631.3 million).Its unit CR Gas Investment agreed to buy a

[Dec. 28, 2011] China Resources Gas Group Ltd said on Tuesday it would form a joint venture with a Chinese state-owned company to supply piped gas in Ningbo city, with proposed total investment of 4 billion yuan ($631.3 million).Its unit CR Gas Investment agreed to buy a

[Dec. 28, 2011] Varun Group to get USD 150 Million as upfront payment for ceding 51% stake in its onshore oil block 3101 at Madagascar Varun Group which holds exploration rights for Onshore Oil Block 3101 at Madagascar covering an area of about 6884 Sq. Km. has ente

[Dec. 27, 2011] As the active overseas expansion of Chinese oil companies continues in search of resources, their oilfield-operations subsidiaries are also tapping into foreign markets for sustainable growth. Daqing Oilfield Co Ltd (DOCL), the operator of the country’s biggest oilfield and a subsidiary of China National Petroleum Corp (CNPC), has set a target of 20 billion yuan ($3.1 billion) in revenue from overseas markets by 2015, four times higher than the expected overseas revenue this year.

[Dec. 26, 2011] China’s Sinopec Group, parent of top Asia refiner Sinopec Corp , said it had completed the acquisition of Canadian oil and gas explorer Daylight Energy Ltd for C$2.2 billion ($2.16 billion).Its subsidiary Sinopec International Petroleum Exploration and Pr

[Dec. 26, 2011] Mitsui Chemicals Inc. and China Petroleum & Chemical Corp. (Sinopec) have signed an agreement to establish a joint venture (JV) company for the production and distribution of ethylene-propylene-diene terpolymer (EPT).Demand for EPT is expected to cont

[Dec. 26, 2011] China Knowledge reported that CNOOC Ltd China largest offshore oil company has sold a 36.7% stake in an Indonesian oil and gas block, named Offshore North West Java or ONWJ, to Bakrie & Brothers Tbk, owned by Bakrie family at a consideration of US$212

[Dec. 26, 2011] China’s refined oil product stocks at the end of November rose from a month earlier and from a year earlier, the National Development and Reform Commission said on Friday.The commission did not give a specific figure or percentage change for the month-end