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] 

[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.

[Apr. 9, 2012] China’s inflation accelerated more than forecast in March amid rising wages and a fuel-price increase, signaling that policy makers may exercise caution in adding stimulus to boost growth.

[Apr. 6, 2012] CNPC has been paying close attention to the development trend of new energy vehicles, including the possibility of equipping gas stations with charging stations,though in the short term, its key consideration is still products such as coal-bed methane and shale gas, so supplying natural gas for vehicles seems its most advantageous field. While equipping its stations with charging devices is not technically difficult, the big bottleneck at present is the long time it takes to charge a car. CNPC is not now eager to promote the model.

[Apr. 6, 2012] China, the world’s second-biggest importer, will cut import duties on selected energy products and raw materials as well as consumer goods to boost purchases, the State Council said in a statement on Friday. The decision underlines Beijing’s intent to buy more from its trade partners to boost domestic consumption and comes after China posted its largest monthly trade deficit in at least a decade in February.

[Apr. 2, 2012] Premier Wen Jiabao said Thursday that China and the United Arab Emirates (UAE) should work closely to promote orderly, efficient and sustainable development of bilateral energy cooperation.He made the remarks when meeting with visiting Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan in Beijing.

[Mar. 30, 2012] Chinese officials in Beijing are warning against any joint military patrols or exercises between Vietnam and the Philippines in the disputed South China Sea. Vietnam and Philippines military officials have discussed conducting joint exercises in the

[Mar. 20, 2012] China will raise retail gasoline and diesel prices by 6-7 per cent from Tuesday, marking the biggest increase in 33 months – a decision that will help refiners to reduce heavy losses but one that is unlikely to affect demand in a big way.Retail ceil

[Mar. 6, 2012] Japan and the United States are close to an agreement on cuts in Japanese imports of Iranian oil that will allow Tokyo to avoid U.S. sanctions, and may conclude a deal this month, Japanese Foreign Minister Koichiro Gemba told Reuters on Monday.But Gemba s

[Mar. 5, 2012] The West is tightening its efforts to impose an oil embargo on Iran. China is facing a dilemma over the present situation in Iran as its energy demands are enormous. China is Iran largest trading partner and it has invested heavily in Iranian oil fields.

[Mar. 5, 2012] China became embroiled in a fresh South China Sea dispute, rejecting allegations from Vietnam on Thursday that Chinese forces assaulted and tried to rob Vietnamese fishermen while blocking them from seeking refuge during a storm.The angry exchanges betwee

[Mar. 2, 2012] Japan and China may face a serious conflict in the East China Sea. A Chinese ship came close to a Japanese research vessel in a disputable zone and demanded to stop studying the sea bottom in the Chinese territorial waters. Japan responded to Beijing with

[Mar. 2, 2012] China’s Ministry of Foreign Affairs has warned Japan to halt surveying activities in disputed waters in the East China Sea near the Chunxiao gas field for the second time in two weeks, according to a Kyodo News report on Thursday.

[Mar. 1, 2012] The United States is having "very intense and very blunt" conversations with India, China and Turkey on reducing their dependence on Iranian oil.Secretary of state Hillary Clinton told lawmakers on Wednesday before a congressional committee, tha

[Mar. 1, 2012] Sudan’s government said yesterday that it has appealed to diplomatic partner and investor China for help in resolving a protracted dispute over oil revenues with newly independent South Sudan.Sudanese Foreign Minister Ali Ahmed Karti said that during a tw

[Mar. 1, 2012] The Philippines said Wednesday it has the right to invite foreign companies to explore for oil and gas in waters located between its western coast and the South China Sea, dismissing China’s claim to the area in a fresh spat between the Asian neighbors.&n

[Mar. 1, 2012] Freedom of navigation in the South China Sea "has never been a problem" and related countries should do more to protect peace and stability in the region, Foreign Ministry spokesman Hong Lei said on Wednesday.Hong made the remarks in response to

[Feb. 29, 2012] Venezuela said it will continue to ship fuel to Syria as Europe extends sanctions on the nation for using military force to quell civilian dissent against President Bashar al-Assad’s government. “We’ve sent Syria two cargoes of diesel an

[Feb. 29, 2012] The Philippines said Wednesday it has the right to invite foreign companies to explore for oil and gas in waters located between its western coast and the South China Sea, dismissing China’s claim to the area in a fresh spat between the Asian neighb

[Feb. 29, 2012] Sudan’s foreign minister and Chinese leaders have discussed an oil transport fee dispute with South Sudan and the security of Chinese workers.Sudan Foreign Minister Ali Ahmed Karti wrapped up a two-day visit to Beijing, asking China for help negotiating o

[Feb. 28, 2012] The Philippines has invited foreign investors to explore possible fuel deposits in two offshore areas near the West Philippine Sea (South China Sea) despite a protest from China, which also claims the territory. Energy Secretary Jose Almendras yester

[Feb. 28, 2012] When Lieutenant-General Juancho Sabban received an urgent phone call from an oil company saying two Chinese vessels were threatening to ram their survey ship, the Philippine commander’s message was clear: don’t move, we will come to the rescue.Within hour

[Feb. 28, 2012] Russian state-controlled companies Rosneft and Transneft have settled a dispute with China over the price for Russian crude oil supplies via pipeline, business daily Kommersant reported on Tuesday.The agreement gives China National Petroleum Corporation (

[Feb. 28, 2012]  Sudan is appealing to longtime partner China for help in resolving a protracted dispute over oil revenues with newly independent South Sudan.Sudanese Foreign Minister Ali Ahmed Karti said Tuesday that during his two-day stay in Beijing he delivered

[Feb. 23, 2012] The South China Sea, although far from tranquil, has yet to revert to the volatility and violence witnessed in the late 1980s. However, current efforts to maintain stability and implement confidence-building measures could soon be overtaken by environment

[Feb. 21, 2012] China rebuked Iran on Monday for stopping oil sales to British and French companies at the weekend, calling for renewed efforts at dialogue over an escalating stand-off over Tehran’s controversial nuclear program.China has repeatedly called for talks over

[Feb. 17, 2012]  Chinese oil companies operating in South Sudan face the possibility of expulsion if it is proven that they are complicit in stealing the country’s oil, a senior official said here today.The newborn state which became independent last July is l

[Feb. 16, 2012] India shares the concern of the Association of South-East Asian Nations (Asean) in ensuring that the South China Sea, home to the hotly disputed Spratly Islands, remains open for trade.“South China Sea is one of the most important routes for trade.I

[Feb. 16, 2012] South Sudan on Wednesday said its relations with China are being strained by accusations that Chinese oil firms may have cooperated with Sudan in seizing a portion of its oil in a row over transit payments.South Sudan took three-quarters of Sudan’s oil wh

[Feb. 15, 2012] To celebrate Chinese New Year last month, Dubai’s swankiest hotel bathed its sail-shaped facade in red lighting accented with an image of a twisting golden dragon.The gesture by the $2,300-a-night Burj al-Arab hotel was a nod to the tightening bonds

[Feb. 14, 2012] A recently concluded three-day port call by three Russian warships in Manila has sparked speculation that Moscow may be angling to wade into the intensifying Spratly Islands dispute in the South China Sea. The warships, including the anti-submarine Admira

[Feb. 14, 2012] Despite analysts bemoaning China’s “cavalier” approach to risk as it strikes upstream deals in exotic locations, Beijing always knew it would have to cash in some chips when geopolitical cards were put on the table. And while some of the

[Feb. 13, 2012] Last November, shortly after Parliament had passed 11 resolutions following a heated special session on the oil sector on October 10 and 11, 2011, President Museveni received an influential visitor from China:  the minister of National Defence and St

[Feb. 13, 2012] Although the bulk of security concerns sparked by US and EU sanctions on Iran’s petroleum industry have centered on the possible closure of the Strait of Hormuz in the Persian Gulf, the prospect of conflict spilling over the border into neighboring Turkme

[Feb. 10, 2012] After China’s recent opposition to India’s oil and gas hunt in the South China sea, the stage is set for the two largest-growing economies of the world to join hands in their pursuit to acquire oil and gas assets abroad. The government-run companies

[Feb. 9, 2012] Sarah Osorio is bubbly and beautiful, and she is enjoying her reign as both Miss Palawan and Miss Kalayaan - the name of a contested chain of tiny islands in the South China Sea."That’s me!" said the 18-year-old, showing a video of the beauty co

[Feb. 8, 2012] China’s decision to join Russia in blocking United Nations action on Syria may carry little risk of economic reprisals from Persian Gulf states, the major oil suppliers that pushed to condemn the Assad regime.“There won’t be an economic

[Feb. 6, 2012] If China is right, then there is enough oil under the South China Sea to feed global consumption for several years. But Beijing may be making an aggressive bet on the wrong horse.Beijing seems to be doubling down in the South China Sea. Why? In large part

[Feb. 6, 2012] According to various analysts, China is highly unlikely to join the West in an oil embargo penalizing Iran. China has practiced a non-interfering foreign policy for the last 30 years, i.e. denouncing sanctions on one hand yet working to protect its nation

[Feb. 6, 2012] Chinese investment in the Canadian energy sector is helping create jobs, but that doesn’t mean the country is willing to put its sovereignty up for sale, Foreign Affairs Minister John Baird says.Baird and Prime Minister Stephen Harper head to China Monday

[Feb. 3, 2012] The decision by India to continue importing from Tehran in spite of Western sanctions shines uncomfortable light on the powerful nationalist sentiments among the Chinese.China remains Tehran’s largest trading partner and biggest oil customer. Cooperation

[Feb. 2, 2012] It ought to have been a centrepiece of China’s efforts to reduce smog, but the government has quietly postponed plans to clean the fumes from truck and bus exhaust pipes.The 18-month delay of new diesel emission standards, which was announced this month,

[Feb. 1, 2012] China, the world’s largest iron-ore consumer, tightened rules for ports that handle very large ore ships and oil tankers to ensure safety standards, restricting Vale SA’s plans to serve its main customer with giant carriers.Harbors will need t

[Jan. 31, 2012] When the 27 nation European Union decided to place an oil embargo on Iran effective from July 1, 2012 little did they envisage that the success or failure of their gambit would largely depend upon what attitude China took. It is entirely possible that the

[Jan. 30, 2012] ConocoPhillips    ConocoPhillips Latest from The Business Journals ConocoPhillips to lease oil and gas rights in Colorado for 7MConocoPhillips’ Lowry lease sets record for state land boardConocoPhillips to lease oil and gas rights at Lowry

[Jan. 30, 2012] U.S.-based energy company ConocoPhillips announced a compensation deal in China to resolve issues related to the June 2011 incidents at the Peng Lai 19-3 field in Bohai Bay.ConocoPhillips and the China National Offshore Oil Corporation reportedly reached

[Jan. 30, 2012] The Sudanese president Omer Hassan al-Bashir met today with the chairman of the National Committee of the Chinese People’s Political Consultative Conference Jia Qinglin and briefed him on the ongoing negotiations with the south regarding the oil dis

[Jan. 30, 2012] The news that China may very soon introduce a carbon tax has caused a stir. Of the many articles to address the topic, John Lee’s Wall Street Journal commentary “China’s Fake Carbon Tax”, published earlier this month, is particular

[Jan. 30, 2012] President of the Republic, Field Marshal Omer Hassan Al Bashir, briefed Sunday his Chinese counterpart Hu Jintao on the oil dispute with the South amid reports of a possible role by China to strike a deal.President Al Bashir had conducted consultations wi

[Jan. 20, 2012] Chinese Premier Wen Jiabao has stressed the importance of keeping the Strait of Hormuz open, following threats by Iran to block the world’s most important oil shipping lane if the West continues to impose sanctions.During a visit to Doha, Jiabao poi

[Jan. 20, 2012] Australian Foreign Minister Kevin Rudd urged China on Thursday to stop buying oil from Iran and join the West in putting pressure on the Islamic republic over its controversial nuclear programme.Stressing that it was not for Australia to dictate to others

[Jan. 19, 2012] In its newest “12th Five-year Plan on Greenhouse Emission Control (guofa [2011] No. 41),” China has set its new goals of reducing carbon emissions in the next five years and called for pilot programs that aim to promote a low-carbon economy.Ne

[Jan. 19, 2012] Chinese Premier Wu Jiabao said Wednesday after talks in Qatar that China was not worried about its oil trading with Iran and while Beijing is opposed to a nuclear-armed Iran, the business of international trade should not be disrupted.Speaking at a news c

[Jan. 19, 2012] The U.S. Navy’s top commander in the Pacific has said disputes over oil rich waters in the South China Sea could blow up into serious military confrontations.Admiral Patrick Walsh said a diplomatic row between six Asian nations over the Spratly Islands co

[Jan. 17, 2012] There were few signs that US Treasury Secretary Timothy Geithner had any success during his visit to Beijing this month to persuade China to help pressure Tehran over its nuclear program by buying less Iranian oil.“China’s regular demand for e

[Jan. 17, 2012] The US’ complete ineptitude on oil policy is in the spotlight just as predicted. A pair of articles will show what I mean.China Snubs Geithner on Iran OilBloomberg reports China Snubs Geithner on Iran Oil, Japan Plans CutU.S. Treasury Secretary Timo

[Jan. 17, 2012] China rejected the demand made by US Treasury Secretary Timothy Geithner to curb Iran’s oil revenues, saying Washington’s sanctions on Tehran are overstepping.     Geithner met Chinese Premier Wen Jiabao on Wednesday, the Chinese official s

[Jan. 17, 2012] Taiwan President Ma Ying-jeou won a second 4-year term on Saturday, a result that is seen as a boost for Taiwan’s business community and which could lead to an uptick in natural gas consumption on the back of a stronger economy.

[Jan. 17, 2012] Chinese Premier Wen Jiabao urged Saudi Arabia on Saturday to open up oil and gas sectors to greater Chinese investment during discussions in Riyadh with the Saudi Interior Minister Prince Nayef bin Abdul Aziz al-Saud.

[Jan. 17, 2012] Selling price to China is cheaper than domestic gas prices.The government will hold back to renegotiate the Tangguh gas sales contracts in Papua this year. Next week, a proposal contract negotiations with buyers from China will be submitted to the Ministe

[Jan. 16, 2012] Chinese Premier Wen Jiabao pressed Saudi Arabia to open its huge oil and gas resources to expanded Chinese investment, media reports said on Sunday against a backdrop of growing tension over Iran and worries over its crude exports to the Asian power.The S

[Jan. 16, 2012] China has invested heavily to acquire strategic oil assets in Iraq, North and sub-Saharan AfricaBefore 1950s, China was importing all of its oil needs. But good supply of oil from inside the country in places like Songhua Jiang-Liao basin, Shengli, Shando

[Jan. 16, 2012] China’s new natural gas pricing system, which links gas prices to fuel oil and LPG prices, would benefit local producers and importers of piped and liquefied natural gas as well as promote domestic production, Bernstein Research said in a note Thursday.How

[Jan. 13, 2012] China, the world’s largest energy consumer, is studying the possibility of levying a tax on use of crude oil, coal and natural gas as parts of efforts to rein in the country’s excessive energy use, a top energy official said at an industry conference in B

[Jan. 13, 2012] China will continue to expand energy ties with Central Asian countries, which have proven to be a fruitful model of mutually beneficial cooperation, a senior Chinese diplomat said on Thursday.Zhang Hanhui, director-general of the Foreign Ministry’s Depart

[Jan. 12, 2012] China remains undecided whether to tax carbon emissions, as the government weighs how it could impact plans to launch an emissions trading scheme and whether it is feasible given current high domestic tax levels, a senior official said on Wednesday.The st

[Jan. 12, 2012] Maritime safety officials warn that China’s coastline is increasingly at risk of oil spills and pollution from the booming offshore drilling and more frequent oil shipping. As oil resources on land gradually decrease, the energy-thirsty nation is loo

[Jan. 12, 2012] US Treasury Secretary Timothy Geithner and Chinese leaders pledged Wednesday to enhance cooperation to advance the global economic recovery, but still left the Iran sanctions dispute unresolved.Geithner met Chinese Premier Wen Jiabao and Vice President Xi

[Jan. 11, 2012] ConocoPhillips and CNOOC have confirmed that they have received notice from the Tianjin Maritime Court calling for their response on a case filed by fish farmers over an oil spill incident at the Penglai 19-3 oil field in China’s Bohai Bay."We have r

[Jan. 11, 2012] China and the United States have pledged during a visit by Treasury Secretary Timothy Geithner to cooperate on boosting the global economic recovery, but Chinese backing for U.S. sanctions on Iran’s oil industry appeared unlikely.China buys almost o

[Jan. 11, 2012] China National Offshore Oil Corp. said 29 fishermen had sued the country’s biggest offshore energy explorer for 234 million yuan ($34 million) for economic losses following oil leaks in Bohai Bay last year.The state-controlled parent of Cnooc Ltd. h

[Jan. 11, 2012] China will this week launch its highest-level diplomatic visit to the Persian Gulf in more than two years, seeking to bolster its growing energy ties to the region amid jitters over possible Western sanctions against Iranian oil and Tehran’s counter

[Jan. 10, 2012] China, the world’s top emitter of greenhouse gases, plans a tax on carbon emissions.The tax rate is likely to be $1.59 for each ton of carbon emitted by businesses or other operations, but is expected to increase gradually over time, said Su Ming, deputy

[Jan. 10, 2012] U.S. Treasury Secretary Timothy Geithner is likely to get a skeptical hearing in Beijing on Tuesday and Wednesday as he presses leaders to reduce purchases of Iranian oil and explains tough new U.S. sanctions rules meant to hobble Iran’s financial sector.

[Jan. 9, 2012]  The government and the NPA are arguing over how powerful the leftist rebels are, and how they stay in business. The NPA claims to have 16,000 armed members and control large rural areas. The police counter that the NPA survives with about 5,000 gunm

[Jan. 9, 2012] China says it’s considering a carbon tax within three years to tighten its emissions regulations on polluting industries and put its economy on greener footing.A draft of a plan to impose a tax on emissions of greenhouse gases has been submitted to the Mi

[Jan. 9, 2012] The Philippines accused China of intruding into its "maritime jurisdiction" after three Chinese ships were spotted last month in disputed areas in the South China Sea, the Department of Foreign Affairs said on Sunday.China, the Philippines, Brun

[Jan. 9, 2012] The governments of South Sudan and Sudan have some unresolved issues left over from divorce that was finalised in July. From border demarcation to oil resources, one would expect South Sudan and Sudan to be at each others throats by now, but that hasn&rsq

[Jan. 9, 2012] China raised the threshold on a resource tax paid by oil makers, which may stimulate exploration of energy resources in the country. The higher threshold of $55 a barrel, up from $40, is expected to boost the performances of PetroChina Co (NYSE: PTR, SHA:

[Jan. 9, 2012]   As part of its efforts to assert India’s presence in the South China Sea, state-owned ONGC Videsh Ltd (OVL) will resume drilling in the disputed hydrocarbon block No. 128.“We are going ahead with our drilling plan,” said a top exe

[Jan. 9, 2012] China’s Ministry of Finance has informed state-owned oil companies that the crude oil threshold for the special oil income levy -- or windfall tax -- will be raised to $55/barrel from $40/b, the country’s three top oil companies said in separate statement

[Jan. 6, 2012] Cnooc Ltd. led a rally in Chinese oil producers in New York trading, fueling the biggest premiums in a month over their Hong Kong-listed shares, after the government raised the threshold of a windfall tax on crude.The Bloomberg China-US 55 Index advanced

[Jan. 6, 2012] China on Thursday criticized hard-hitting new U.S. sanctions on Iran but said they won’t affect its business dealings there."China always believes that sanctioning is not the correct approach to easing tensions and resolving the Iranian nuclear issue

[Jan. 5, 2012] China’s unconventional energy sector will open to greater foreign participation under revised foreign investment guidelines published jointly last week by the National Development and Reform Commission and the Ministry of Commerce.

[Jan. 4, 2012] A Chinese court is allowing a $78 million lawsuit brought against ConocoPhillips (NYSE:COP) to move forward, after having dismissed a similar lawsuit in 2011, the state-run Xinhua News Agency reported Friday. The legal action was brought by a group of loc

[Jan. 3, 2012] China on Thursday announced new guidelines on foreign participation in industrial projects, under which Beijing will tighten restrictions on oil refinery projects while encouraging foreign investments in the development of unconventional resources.The cou

[Jan. 3, 2012] A Chinese court accepted a lawsuit that claims leaks from offshore oil production facilities operated by ConocoPhillips caused $78 million in damages to local fishermen, according to state-run media. The suit was filed in north China’s Tianjin Maritime Co

[Jan. 2, 2012] A maritime court in the northern coastal city of Tianjin on Friday accepted a case of compensation claims from aquaculture farmers against the China unit of ConocoPhillips, Xinhua News Agency reported on Friday.More than 100 fishermen filed the lawsuit ea

[Dec. 30, 2011] China on Thursday announced new guidelines on foreign participation in industrial projects, under which Beijing will tighten restrictions on oil refinery projects while encouraging foreign investments in the development of unconventional resources.The cou

[Dec. 30, 2011]  China urged peace and stability on Thursday after Tehran threatened to punish proposed Western sanctions by choking off oil flows through the Strait of Hormuz, but declined to make any other comment about the crisis.The foreign ministry’s terse, one

[Dec. 26, 2011] China has worked hard behind the scenes to reduce tensions over Iran’s nuclear program. But as political pressure grows in the U.S. for action, will it have been for nothing?Amidst recurrent warnings by Israeli politicians that the moment for a mili

[Dec. 23, 2011] China plans to open 12 offshore oil spill response facilities before the end of the year, an official said.The move, reported Wednesday by China Daily newspaper, comes after China National Offshore Oil Corp. said in a statement Monday that a leak was foun

[Dec. 22, 2011] China plans to open 12 offshore oil spill response facilities before the end of the year, an official said.The move, reported Wednesday by China Daily newspaper, comes after China National Offshore Oil Corp. said in a statement Monday that a leak was foun

[Dec. 21, 2011] After months of “push and shove “ between Sudan and South Sudan on the subject of oil exports logistics fees, it now appears that the Chinese authorities have belatedly decided to get involved in mediation between Juba and Khartoum. The Chines

[Dec. 21, 2011] Twelve national-level bases for offshore oil spill response equipment are poised to open by year-end as an ever-rising number of oil tankers sail China’s shores and offshore oil exploration facilities multiply.There will eventually be 29 bases near major

[Dec. 21, 2011] In the last year, territorial disputes in the oil rich South China Sea topped the list of security concerns in Southeast Asia. Our correspondent in Jakarta looks back at how a number of confrontational incidents at sea increased regional tensions, prompte

[Dec. 20, 2011] A center for the purpose of conducting research on legal issues regarding the South China Sea was founded in south China’s Hainan province on Monday.The center is the first established in China for the research on such issues, local authorities said.The c

[Dec. 19, 2011] The China unit of U.S. firm ConocoPhillips said on Friday it had submitted to the Chinese government a revised Overall Development Plan (ODP) for an offshore Chinese oilfield, which was ordered to shut down in September due to an oil spill.China’s State O

[Dec. 16, 2011] China’s ambassador to Myanmar met with Nobel laureate Aung San Suu Kyi, according to a government spokesman, in a potential signal that Beijing hopes to take a greater role in the Southeast Asian nation’s political transformation.China also said Dai Bingg

[Dec. 16, 2011] China’s diplomatic efforts have traditionally been modes in the extreme, supporting unilateral engagement to solve thorny issues. No more. In a first, Beijing is inserting itself into resolving a festering diplomatic issue involving two co

[Dec. 15, 2011] The Philippines relaunched an old U.S. Coast Guard cutter Wednesday as its biggest and most modern warship to guard potentially oil-rich waters that are at the center of a dispute with China.President Benigno Aquino III witnessed the commissioning of the

[Dec. 14, 2011] China plans to develop its own new comprehensive system for monitoring and accurately calculating the country’s greenhouse gas (GHG) emissions, a leading Chinese scientist said Tuesday.There is no comparable system in place currently, and Ding Zhongli, vi

[Dec. 14, 2011]  The Tianjin Maritime Court has accepted a lawsuit against ConocoPhillips China on behalf of fishermen claiming compensation for effects of the oil spill in Bohai Bay.Lawyer Zhao Jingwei is asking the oil company to pay 490 million yuan ($77 million)

[Dec. 12, 2011] A Chinese envoy expressed concern about tensions between Sudan and South Sudan over a fee dispute threatening oil supplies from the recently separated countries, and urged the two sides to peacefully resolve the matter, Xinhua reported on Sunday.China is

[Dec. 9, 2011] China wants Sudan and South Sudan to resolve a row over oil transit fees by Christmas in order to avoid any potential distruptions of crude supply from the new nation, the Asian country’s special envoy said on Wednesday.South Sudan seceded from Sudan in J

[Dec. 9, 2011] China’s special envoy tasked with resolving a row over oil exports between Sudan and South Sudan said Thursday the two sides had "no other option" than peaceful negotiations and compromise.Energy-hungry China is the largest foreign investor in S

[Dec. 9, 2011] The Chinese government will likely encounter difficulties implementing its comprehensive energy policy -- which includes efforts to discourage oil use and encourage use of more natural gas and renewable energy -- and the nation’s oil usage could easily re

[Dec. 9, 2011] The National Development and Reform Commission (NDRC), China’s state economic planner, has directed the country’s power providers and grid operators to refrain from rationing residential power during the peak winter consumption season, NDRC said Dec. 8

[Dec. 9, 2011] China’s top envoy for Africa urged Sudan and South Sudan to resolve disputes over oil and their mutual border, citing concern that future instability may harm its investments in the region, Sudan’s Foreign Ministry said.Liu Guijin made the com

[Dec. 8, 2011] China inserted itself into the fight over oil between Sudan and its former territory South Sudan on Wednesday, sending a special envoy to try to break a deadlock between two rivals who often appear on the brink of renewed conflict.South Sudan’s Mini

[Dec. 8, 2011]  Chinese government’s special envoy on African affairs, Liu Guijin, is scheduled to arrive Thursday to hold talks with Sudanese officials in tandem with China’s efforts to end the oil dispute between Sudan and South Sudan.  The Chinese envoy arr

[Dec. 6, 2011] Beijing said Monday it was sending an envoy to try to resolve a row over oil exports between Sudan and South Sudan, where China has substantial oil interests.Liu Guijin, a special representative of the Chinese government on African affairs, will visit S

[Dec. 6, 2011] China on Monday said it was concerned that oil negotiations had stalled between Sudan and South Sudan."China is concerned about the recent tensions between north and south Sudan, and in particular that negotiations over oil and related issues had sta

[Dec. 6, 2011] China is sending its top African affairs envoy to mediate in negotiations between Sudan and South Sudan in a dispute that threatens a source of oil exports to the Far East.Liu Guijin, a veteran Chinese diplomatic troubleshooter, will speak with leaders in

[Dec. 5, 2011]  An influential Chinese analyst says his country may adjust how it measures carbon emission targets as early as 2020, bringing it more in line with Western governments and signaling a possible opening in international climate negotiations.Xu Huaqing,

[Dec. 5, 2011] Beijing: Under intense pressure to reduce its carbon emissions, China, the world’s biggest emitter of green house gases, has for the first time signaled that it may agree to a quantified target after 2020."China is likely to agree to a quantified tar

[Dec. 5, 2011] Myanmar aims to leverage friendly relations with both the U.S. and China to grow one of Asia’s smallest economies and boost incomes in the region, according to an adviser to President Thein Sein.China welcomes greater U.S. engagement with Myanmar be

[Nov. 30, 2011]  China, a major buyer of oil from Sudan and South Sudan, urged the two governments on Tuesday to end a dispute over transit fees that led Sudan to halt the landlocked South’s oil exports.Since southern Sudan seceded from its larger and long-dominant

[Nov. 30, 2011]  China on Tuesday called for the governments of South Sudan and Sudan to solve their dispute in a rational and friendly way after Sudan announced to halt landlocked South Sudan’s oil exports through its territory.Chinese Foreign Ministry spokesman Ho

[Nov. 28, 2011]  China National Petroleum Corp., the parent of the country’s biggest energy company PetroChina Co., said its chairman was given a “disciplinary warning” by the government after accidents at Dalian port since July last year.The State

[Nov. 28, 2011]  It was billed as a new assertiveness, when India’s usually meek Prime Minister Manmohan Singh supposedly looked his Chinese counterpart in the eye at a summit in Bali last weekend and defended his country’s “commercial” right

[Nov. 25, 2011] Prosecutors have taken over the cases of 14 people who are suspected of being responsible for a blast and oil spill at a subsidiary of the China National Petroleum Corp, according to the State Council, China’s Cabinet.The subsidiary is based in Dalian, a

[Nov. 25, 2011] Chinese state media say 14 senior oil managers will be charged and 29 others disciplined for an oil pipeline explosion in northeast China.The July 2010 explosion near Dalian city caused China’s worst known oil spill and an environmental crisis.Xinhu

[Nov. 24, 2011] Venezuela will sign on Wednesday a new $4 billion loan agreement with China that will go to finance oil projects in the hydrocarbons-rich South American country, according to Venezuelan Oil Minister Rafael Ramirez.The two countries, which are holding a su

[Nov. 24, 2011] Striking a combative posture amid deepening row over the South China Sea, China today announced naval exercises in the Western Pacific asserting that its lawful rights including navigation should not be hindered.The People’s Liberation Army ( PLA) naval f

[Nov. 23, 2011] China has introduced a tax on big oil and gas companies to offset the damage they do to the environment.It’s a move with echoes in Australia where the government appears to have enough parliamentary support to push through its own mining tax.The Chinese g

[Nov. 22, 2011] China has introduced a tax on big oil and gas companies to offset the damage they do to the environment.It’s a move with echoes in Australia where the government appears to have enough parliamentary support to push through its own mining tax.The Chinese g

[Nov. 22, 2011] China on Monday warned - without naming India - that it wouldn’t tolerate activities of foreign companies in the disputed waters of South China Sea.The warning was no doubt directed towards India, though the South China Sea dispute figured in talks betwee

[Nov. 22, 2011]  A lawyer representing 30 Shandong province fishermen feels confident about his chances of succeeding in a lawsuit he recently filed against companies he believes are responsible for the ongoing oil leak in Bohai Bay.Jia Fangyi, a lawyer at the Beiji

[Nov. 22, 2011] China has cautioned against foreign interference in the disputed oil-rich South China Sea.Indian Prime Minister Manmohan Singh and Chinese Premier Wen Jiabao discussed the South China Sea dispute on the sidelines of last week’s East Asia summit, Press Tru

[Nov. 21, 2011] Talks between China and Japan on joint exploration of gas reserves in the East China Sea will yield little progress even if they resume next month when Prime Minister Yoshihiko Noda visits China, a top official in the Chinese Academy of Social Sciences (C

[Nov. 21, 2011] A group of Chinese fishermen is suing ConocoPhillips for damages allegedly caused by a huge oil spill at an offshore field operated by the US energy giant, their lawyer said Friday.The early-June spill leaked more than 3,000 barrels of oil and oil-based m

[Nov. 21, 2011] India Friday told China that its oil and gas explorations in the South China sea were purely a commercial activity.In his meeting with Chinese Premier Wen Jiabao on the sidelines of the India-ASEAN and East Asia Summits here, Indian Prime Minister Manmoha

[Nov. 18, 2011] He began as a president who put his first visit to China ahead of meeting the Dalai Lama, who delayed military sales to Taiwan, and who soft-pedalled on human rights. This week a sea change occurred in Barack’s Obama’s rhetoric on China. Each stopover on

[Nov. 18, 2011]  With the economic interests of many nations tied to stability in the region, any conflict in the South China Sea would have major implications for the world at large, Navy Chief Admiral Nirmal Verma has warned.Terming the South China Sea, where Indi

[Nov. 18, 2011]  As Prime Minister Manmohan Singh touched down here on Thursday evening for the ASEAN and East Asia summits, it is clear the South China Sea issue will feature prominently in the discussions over the next couple of days.In his departure statement, th

[Nov. 18, 2011] The Philippines will press for a resolution of territorial disputes in the South China Sea when Southeast Asian leaders meet today with Chinese Premier Wen Jiabao, who has sought to keep the issue out of regional forums."This is not an issue that can

[Nov. 16, 2011] Russia expects to supply as much natural gas to China in the future as it currently supplies to Europe, Russian President Dmitry Medvedev said on Sunday."It is obvious that the Chinese market can consume a considerably greater volume of energy produc

[Nov. 16, 2011] The Philippines, a U.S. ally, called for Southeast Asian leaders to play a “decisive role” in brokering a resolution with China over disputed areas of the South China Sea that contain oil and gas resources.The 10-member Association of Southeas

[Nov. 15, 2011] The Philippine President Benigno Aquino has confirmed that an energy company will begin exploring the rich gas deposits in the South China Sea next year.The area being investigated is called Recto Bank, which the country insists is an undisputed part of i

[Nov. 15, 2011] President Aquino is set to court support from Southeast Asian allies at summit talks this week to form a united front against China over the disputed areas in the region.Aquino will stress that peacefully solving overlapping territorial claims in the Spra

[Nov. 15, 2011] The Chinese government has placed blame on ConocoPhillips for the Bohai oil spill.China’s State Oceanic Administration said Houston-based ConocoPhillips was late in reporting the oil leak -- first detected on June 4 at the Penglai 19-3 oil field in Bohai

[Nov. 9, 2011] --The Environmental and Protection Administration (EPA) yesterday fined the Chinese Petroleum Corporation (CPC, 中國石油) NT$26.3 million for illegally discharging wastewater using “heavy rain” as excuse, marking the fourth largest fine the EPA ha

[Nov. 8, 2011] 39 times viewed. Tuesday, 08 Nov 2011Reuters reported that China is considering overhauling regulations on joint offshore oil exploration with foreign companies, despite Beijing having yet to give the final say on a oil spill at a ConocoPhillips-operated

[Nov. 8, 2011] Prime ministers of member countries of Shanghai Cooperation Organization (SCO) met in St. Petersburg, Russia, on Monday amid the unfolding European Union drama. With economic growth in the EU possibly stymied for a decade, and a Japan-style stagnation thr

[Nov. 7, 2011]  Territorial tensions in the South China Sea could explode into "full-scale conflicts" unless quarreling neighbors abide by international law, a Vietnamese diplomat warned on Friday.Dang Dinh Quy, president of the state-run Diplomatic Acade

[Nov. 7, 2011] Cambodia’s Minister of Foreign Affairs and International Cooperation Hor Namhong said on Saturday that the territorial dispute in the South China Sea should be solved between China and the concerned countries by complying with the Declaration of Conduct o

[Nov. 7, 2011] China may allow its top three oil makers, PetroChina Co (NYSE: PTR, SHA: 601857, HKG: 0857), Sinopec Corp (NYSE: SNP, SHA: 600028, HKG: 0386) and CNOOC Ltd (NYSE: CEO, HKG: 0883), to change prices on their own when international oil prices fluctuates with

[Nov. 7, 2011] Some of the country’s private-held oil companies are clamoring for the relaxation of the tight government control of crude oil imports to alleviate the widespread chronic diesel shortfalls during seasonal spikes.So far the country’s three biggest State-ow

[Nov. 7, 2011] The government may revise regulations covering joint offshore oil exploration with foreign companies following a spill off the northeastern coast at a field operated by ConocoPhillips China, sources said.The proposed revision is being led by the Ministry

[Nov. 4, 2011] On September 30, 2011, the State Council released revisions to the Tentative Regulations of the People’s Republic of China on Resource Tax, Regulations of the People’s Republic of China on Sino-foreign Cooperative Exploitation of Ocean Oil Resources and t

[Nov. 4, 2011] Chinese leaders like to talk about their country’s "peaceful rise" - and Europe’s financial traumas are giving Beijing plenty of scope to assume the role of a benign new force on the world stage.President Hu Jintao has presented himself as a &qu

[Nov. 3, 2011] In the run-up to this year’s East Asia Summit (EAS), the Philippines and Vietnam have sent a preemptive joint message: they are not willing to yield to rising Chinese pressure on unresolved South China Sea territorial issues.The new loose alliance between

[Nov. 2, 2011] The deaths of Muammar Gadhafi and his son Mutassim signify the complete fall of Gadhafi’s regime, which ruled Libya for 42 years. They signify the end of the Libyan civil war, too.Now, the Libyan people and other countries, including China, are rightfully

[Nov. 2, 2011] Beijing. November 1. INTERFAX-CHINA - China’s Ministry of Finance (MOF) will begin levying a five percent resource tax on the value and volume of natural gas and oil beginning Nov. 1, the ministry said in an online announcement Oct. 31.

[Nov. 2, 2011] China has issued yet another warning to another oil company regarding oil and gas exploration activities in the disputed South China Sea -- this time directed at US oil major ExxonMobil."Any foreign company shall not engage in oil and gas activities

[Oct. 27, 2011] The Ministry of National Defense (MND) rebutted Wednesday a magazine report that the government has decided to deploy missiles on Taiping Island in the South China Sea and to restation military personnel on the island. In a statement, the MND said the rep

[Oct. 26, 2011] October 25, China’s resource tax will be expanded to other items besides oil and gas in the next step in the reform of the tax, the Ministry of Finance (MOF) and the State Administration of Taxation said on Monday.Earlier this month the State Counci

[Oct. 24, 2011] * Two Chinese firms pumping roughly 20,000 bpd oil in Yemen* Sinopec sent back its staff recently after pull-out in March* CNPC service unit pulled out crew in MarchThe Chinese government last week warned China’s oil firms active in Yemen to take precauti

[Oct. 18, 2011] Beijing on Monday warned other countries not to get involved in a long-running sovereignty dispute with its neighbors in the South China Sea, as official media warned India not to go ahead with an oil exploration deal with Vietnam.“The South China S

[Oct. 9, 2011] A recent opinion piece published by the Chinese Communist Party’s (CCP) mouthpiece calling for war in the South China Sea seemed strategically “unwise,” but was aimed at securing exploration of the area’s oil and gas resources, a v

[Sept. 28, 2011] MONTREAL - China has been implementing deeper and deeper energy cooperation with Central Asia, for over a decade, beginning with Beijing’s acquisition of energy infrastructure in western Kazakhstan not far from the Caspian Sea, which they operated for years at a loss in order to have and maintain a foothold there.

[Sept. 27, 2011] China may treat shale gas as separate from conventional hydrocarbons to encourage companies outside of state-owned industry to invest, government officials said on Sept 25.

[Sept. 26, 2011] PetroChina (NYSE: PTR), China’s largest oil company, is looking to produce 1 billion cubic meters of shale gas in China’s Sichuan province by 2015, a lofty goal considering the company currently produces no shale gas.China has only just begun to tap what

[Sept. 26, 2011] India’s recent oil deals with Vietnam in South China Sea, a disputed territory, has created a "negative impact" in China and the issue needs to be handled with sensitivity in the interest of better relations between the two rising Asian powers,

[Sept. 26, 2011] Sanya: India’s recent oil deals with Vietnam in South China Sea, a disputed territory, has created a "negative impact" in China and the issue needs to be handled with sensitivity in the interest of better relations between the two rising Asian p

[Sept. 26, 2011] Shrugging off Chinese warnings, India’s state-run oil firm ONGC said on Friday it would press ahead with long-term partner Vietnam in exploring the disputed South China Sea for oil.The plans have stoked concerns that the exploration could exacerbate tensi

[Sept. 23, 2011] India is being pulled into a complex and increasingly tense territorial dispute in the South China Sea, with China repeatedly warning ONGC, the Indian state oil company, that its joint exploration plans with Vietnam amount to a violation of Chinese sovere

[Sept. 22, 2011] A joint energy project between India and Vietnam in the South China Sea infringes on China’s territorial sovereignty, an official Chinese newspaper said on Thursday in the first reaction to the operation by China’s state media.The report in the People’s D

[Sept. 21, 2011] China dispatched a fishing enforcement ship to the disputed Paracel Islands, an agency under the country’s Farm Ministry said, in a move likely to fuel tension with rival claimant Vietnam, days before Dai Bingguo’s visit to Hanoi. Vietnam and China, along

[Sept. 21, 2011] Japan called for a stronger code of conduct to bind rival claimants to waters and islands in the strategically important South China Sea, its envoy to the Philippines said Tuesday.Japanese ambassador Toshinao Urabe said his government expects to tackle th

[Sept. 21, 2011] The Philippines is engaged in a muscle-flexing row with China over oil drilling in the South China Sea, writes Andy Higgins at the Washington Post. So are India and Vietnam, reports Ishaan Thardoor at Time, who wonders whether war is possible between Chin

[Sept. 20, 2011] A Chinese vice premier and a 60-member delegation arrived in Jamaica’s capital Monday to sign two grants to boost the island’s development as the Asian economic giant steps up its investments across the Caribbean.Vice Premier Hui Liangyu said Beijing is c

[Sept. 20, 2011] Recent discussions and future export projects are increasingly getting mired in discussions over cost, with Beijing seeking long-term fixed price contracts China, the world’s second largest economy, has made no secret of its interest in securin

[Sept. 19, 2011] Russia’s Deputy Prime Minister Igor Sechin said on Friday that an oil supply dispute between Moscow and Beijng could be solved out of court.A source close to the situation has said China’s CNPC had underpaid $40.5 billion to Russia’s Transneft oil pipelin

[Sept. 19, 2011] India’s move to expand its ties with Vietnam, and its influence in Asia, through an oil exploration project in the South China Sea has raised hackles in Beijing.According to the Times of India, an op-ed in China’s state-run Xinhua news agency warned India

[Sept. 16, 2011] The correlation between oil and Libya is a disputed issue. The principal customers of Libyan oil have always been European states. Up until the uprising, 63 percent of Libyan oil was destined for the four countries of France, Italy, Germany and Spain.More

[Sept. 16, 2011] China has told US oil giant ConocoPhillips to step up its efforts to seal leaks and clean up a spill off its north coast after finding oil was still leaking into the sea, state media reported Friday.ConocoPhillips said last week it had halted production a

[Sept. 16, 2011] China has warned Indian companies from entering into any deal with Vietnamese firms for exploring oil and gas in disputed parts of the South China Sea. The statement might give a new turn to its relationship with India, which has been asking China not to

[Sept. 16, 2011] China warned India and other countries about oil exploration projects in the disputed South China Sea and its islands, claiming its "indisputable sovereignty" over the area.The South China Sea has proven oil reserves of around 7.7 billion barrel

[Sept. 15, 2011] Watching Wednesday morning’s Congressional hearing on the Solyndra bankruptcy, it seems clear that the political circus surrounding the failure of the Silicon Valley solar startup that received a $535 million federal loan guarantee will overshadow a

[Sept. 15, 2011]  China’s belated recognition of Libya’s new leaders and attempts by Chinese companies to sell weapons to Colonel Muammar Qaddafi’s regime have left Beijing scrambling to protect its interests in the country.It was announced late on Monday that China

[Sept. 14, 2011] Taiwan’s government, a claimant to the disputed South China Sea but unable to make noise diplomatically as China squelches its international profile, is trying a new approach to draw attention to and ease tension over the resource-rich region: envir

[Sept. 13, 2011] China has ordered safety inspections for all offshore oil exploration and production projects after an oil spill at the Penglai 19-3 oil field in Bohai Bay, according to a statement posted Sunday on the central government’s website.China’s State Administr

[Sept. 13, 2011] Syria plans to sell the oil European customers cannot take under a new EU import ban to Russia or China and will be unharmed by western sanctions as long as its own energy needs are met, Syria’s finance minister said in the seventh of this month. The

[Sept. 13, 2011] Bloomberg reported that Wen Jiabao premier of Chinese ordered a thorough investigation into the leaks at China’s biggest offshore oil field after ConocoPhillips apologized for the spills in the country’s northern Bohai Bay.Mr Wen at a State Council meetin

[Sept. 13, 2011] China has ordered safety inspections for all offshore oil exploration and production projects after an oil spill at the Penglai 19-3 oil field in Bohai Bay, according to a statement posted Sunday on the central government’s website.

[Sept. 5, 2011] In May 2009, when global economic recovery was still tentative and oil prices were slowly clambering above $60 (Dh220) a barrel after crashing to $32, in the winter of 2008, some energy experts thought they knew why. Satellite images showed China was packing away a rising amount of crude in storage tank at its "strategic petroleum reserve" ports. Estimates said China’s intake increased by around 400,000 barrels a day since November 2008 and, while tiny in the overall global oil market, the volumes and buying pattern mattered when crude consumption was negative in the US and elsewhere.

[Aug. 26, 2011] Following rising public anger over a lack of information, the company at the center of the Bohai Bay oil disaster, Conoco-Phillips China, has given a press conference. The company was hoping to address concerns, by outlining the current state of the clean

[Aug. 26, 2011] Right after Qaddafi’s army was driven out of Tripoli, China received a warning from Abdeljalil Mayouf, a manager of the rebel-controlled Arabian Gulf Oil Company, that China, Russia and Brazil, in contrast to many Western nations, could face politic

[Aug. 26, 2011] China’s top maritime official on Thursday urged US oil giant ConocoPhillips to finish cleaning up oil spills in north China’s Bohai Bay before the arrival of a deadline set by the government, stating that the company will face "enhanced supervision&q

[Aug. 25, 2011]  Taiwan once worried about the possible threat to national security in cooperating with China to explore oil reserves in the Taiwan Strait, according to cables released by Wikileaks.The whistleblowing website also revealed that even though Taiwan-Chi

[Aug. 25, 2011] In light of the recent unrest and political changes in Libya, the Chinese regime is growing anxious over its existing deals in the tumultuous country. On Tuesday, China urged Libya to protect China’s investments there, after a Libyan rebel warned Ch

[Aug. 25, 2011] China’s maritime authority is preparing to sue U.S. firm ConocoPhillips over an oil spill in China’s northern Bohai Bay, Chinese state news agency Xinhua reported.Citing a spokesperson from the State Oceanic Administration, Xinhua said late on Wednesday t

[Aug. 24, 2011] South Korea and China will hold an annual meeting on environmental issues this week to discuss their joint measures to deal with recent oil leaks in the Bohai Bay, the innermost gulf of the Yellow Sea adjacent to South Korea, officials in Seoul said Monda

[Aug. 24, 2011] The country’s top court plans to improve rules and regulations to better handle rising disputes over marine pollution, a senior judge has said.The remarks were made while ConocoPhillips China, the operator of two leaking oil platforms in northern China’

[Aug. 23, 2011] China’s oil stake in Libya benefited both countries, a Chinese commerce official said on Tuesday, answering a question about a Libyan rebel official’s warning that Chinese oil companies could lose out under a new government."China’s investment in Lib

[Aug. 22, 2011] China’sGeneral Administration of Customs Monday confirmed that July crude-oil imports totaled 19.43 million metric tons, equivalent to 4.59 million barrels a day, up 2.3% from a year earlier.Liquefied natural gas imports last month reached 1.18 million to

[Aug. 22, 2011] Aside from cost, the major problem for oil importing countries is getting the purchases safely home. Essentially, there are only two options - pipelines and maritime transport.Both are vulnerable to attack and this is increasingly preoccupying Chinese lea

[Aug. 22, 2011] The National Energy Administration (NEA) has completed plans for shale gas development though the 12th Five-Year Plan (FYP) period (2011-2015), the agency said via its official website Aug. 17.

[Aug. 19, 2011] Aside from cost, the major problem for oil importing countries is getting the purchases safely home. Essentially, there are only two options – pipelines and maritime transport.Both are vulnerable to attack and this is increasingly preoccupying Chine