SZ Energy News: Industry News, Stories Analysis and Editorial
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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]
News Categories: Oversea
Oil Exploration in South China Sea by Indian Companies[May 4, 2012] ONGC Videsh Limited (OVL), in collaboration with Vietnamese companies, has been engaged in exploration activity in the South China Sea since 1988. China, which is a party to the South China Sea disput...
[May 3, 2012] Iran's state-run oil company has denied that China and Japan had sharply cut imports of Iranian crude, maintaining Tehran's assertions that economic sanctions imposed by the West were having little ef...
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]
Latest SZ China Date Updates
- 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]
[Mar. 30, 2012] Iran and its leading oil buyers, China and India, are finding ways to skirt U.S. and European Union financial sanctions on Iran by agreeing to trade oil for local currencies and goods including wheat, soybean meal and consumer products.India, the No. 2 im
[Feb. 13, 2012] China has surpassed North America and Europe as the largest consumer of petrochemicals in the world, creating opportunities for joint ventures with US and European companies, a report by GlobalData has found. China has established itself as the frontrunne
[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. 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. 1, 2012] Increasing oil exports to China will be high on the agenda of Canadian Prime Minister Stephen Harper’s upcoming visit to China next week, which will hopefully improve both countries energy security, analysts said. Harper will make an official visit t
[Jan. 20, 2012] President Barack Obama’s decision yesterday to reject a permit for TransCanada Corp.’s Keystone XL oil pipeline may prompt Canada to turn to China for oil exports.Prime Minister Stephen Harper, in a telephone call yesterday, told Obama “
[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. 16, 2012] China has become the largest importer of natural gas from Turkmenistan, as follows from what was stated at meeting between Turkmenistan’s President Gurbanguly Berdymukhamedov and the special envoy of the People’s Republic of China, Chen Zhili.With a
[Jan. 13, 2012] Sinopec plans to jointly build its first overseas refinery with daily capacity of 400,000 barrels at Saudi Arabia’s Red Sea port of Yanbu with Saudi Aramco, reports 163.com, citing foreign media reports.According to the report, Premier Wen is scheduled to
[Jan. 9, 2012] China National Petroleum Corp., the nation’s largest energy producer, raised its overseas oil and gas output by 15 percent in 2011 from last year.International oil and gas production from fields outside China climbed to over 100 million metric tons
[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] 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] 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] Chinese trader Unipec paid a record premium for a February cargo of Russian crude and bought Vietnamese oil for the first time in at least a year, traders said, as the world’s second-largest oil consumer looks to cover for reduced Iranian supplies.China s
[Jan. 4, 2012] China will take over full ownership over a Canadian oil sands project for the first time after Athabasca Oil Sands Corp announced Tuesday it sold the remaining 40 percent of the MacKay River oil sands development to PetroChina for US$673 million.The
[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] The oil pipeline linking Russia’s far east and Northeast China witnessed its one year anniversary of operation last Sunday, as operators announced an accumulated 15 million tonnes of oil had been transported into China in 2011."The test results of th
[Dec. 28, 2011] State-owned China National Petroleum Corp (CNPC) was given approval by the Afghan government to sign the joint-venture deal with diversified Afghan company, the Watan Group.The Chinese will lead the exploration for oil in three fields in the Kashkari, Baz
[Dec. 28, 2011] China National Petroleum Corporation (CNPC) has won the right to develop Afghanistan’s first oilfield, as the world’s second-biggest consumer of hydrocarbons extends the frontier of its quest for raw materials.The state-owned CNPC is to sign the agreement
[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] Iran is the second major oil exporter of the Organization of Petroleum Exporting Countries after Saudi Arabia.Iran has exported about 622,000 barrels of oil per day to China in November, maintaining its place as the third largest crude supplier to the Eas
[Dec. 26, 2011] China has invested billions of dollars during the past 15 years to pump oil from Africa. In newly divided Sudan, where China walks a political tightrope between the north and south, oil production increased 180 percent in the past decade.
[Dec. 23, 2011] China has made an audacious move to force Iran to sell it cheaper crude, disrupting the flow of more than 10 per cent of its exports by cutting January imports in half. In contrast to other top Asian buyers worried about what sanctions mean for crude flow
[Dec. 23, 2011] Chinese offshore oil giant CNOOC Ltd. announced Thursday its subsidiary CNOOC Southeast Asia Ltd. has sold its working interests in an Indonesian oil production project for about 212 million U.S. dollars.Under the deal, the company sold CNOOC ONWJ Ltd. to
[Dec. 22, 2011] A countdown is expected to begin within days on a process that could result in Chinese PetroChina taking 100 per cent ownership of a joint venture oilsands project in northern Alberta.Athabasca Oil Sands Corp. reported Tuesday that it has received Alberta
[Dec. 22, 2011] Canada’s prime minister restates that if there’s no Keystone XL pipeline in the works, not to worry. Our northern ally will still be our friend as it sends its tar sands oil to Asian markets.’I am very serious about selling our oil off this continent, sel
[Dec. 20, 2011] CHINA’S top refiner Sinopec Corp will in January buy less than half the crude it typically imports from Iran, trade sources said yesterday, as the two haggle over terms against a backdrop of rising international pressure on Tehran.!Iran’s largest crude bu
[Dec. 19, 2011] The National Iranian Oil Company (NIOC) has emphasized it will fine China’s National Petroleum Corporation (CNPCI) for its repeated delays in developing the South Pars gas field phase 11, the Mehr news agency reported.CNPCI has delayed frequently in start
[Dec. 19, 2011] China’s Sinopec is eyeing a €2.7bn stake in Spain’s Repsol as Sacyr Vallehermoso, the indebted Spanish builder, races to offload half of its shares in the oil company to pay back loans in order to avoid a possible collapse.Sacyr is scramb
[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. 12, 2011] Chinese oil companies are changing their approach to investing in oil and gas projects overseas, placing more emphasis on community development and less on Beijing’s political goals.Over the past decade, China’s state-controlled energy giants have been th
[Dec. 9, 2011] The Norwegian government is ignoring a recommendation from a state ethics council that it ban investments by Norway’s oil fund in the Chinese oil company PetroChina. Meanwhile, a Chinese shipbuilding company is making inroads on Norway’s west
[Dec. 7, 2011] China agreed terms to finance a us$1.24 billion oil refinery revamp in Costa Rica, the country’s state oil company, Refinadora Costarricense de Petroelo (Recope) said on Monday.Recope said the China Development Bank will loan up to us$900 million for the
[Dec. 6, 2011] The partners in Papua New Guinea’s Liquid Niugini Gas liquefaction project have signed a heads of agreement to supply China’s ENN Energy Trading with 1 million-1.5 million mt/year of LNG, they said Friday.The non-binding HOA lays the groundwork for furthe
[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
[Nov. 30, 2011] Turkey agreed with China Tianchen Engineering Corp. to construct up to 1 billion cubic meters of underground natural gas storage capacity in the center of the country.The project near Tuz Golu, a lake south of Ankara, will be the biggest Chinese investmen
[Nov. 29, 2011] Sales of Angolan oil to China are stimulating investment in companies holding tankers and in fleet owners, the American website Bullmarket.com recently reported.Investment in oil tankers and related companies is a niche market recording strong growt
[Nov. 29, 2011] CNOOC Ltd (0883.HK) closed its C$2.1 billion ($2.04 billion) acquisition of Opti Canada Ltd (OPC.V) on Monday, giving China’s top offshore oil company its second stake in a Canadian oil sands property.With the close, CNOOC gains a 35 percent stake in the
[Nov. 24, 2011] Kuwait’s crude oil exports to China surged 50.2 percent in October from a year earlier to 1.28 million tons, equivalent to around 302,000 barrels per day (bpd), latest official data by the Chinese government shows.Kuwait provided 6.1 percent of China’s to
[Nov. 23, 2011] DUBAI - Companies from China, Jordan and the UAE signed a $1.25 billion agreement to build a shale oil-fired 900-megawatt power plant in Jordan, Petra reported.Al Lajjun Oil Shale Co will conduct a six-month feasibility study for the plant before reaching
[Nov. 22, 2011] A number of energy agreements were signed on Monday as Premier Wen Jiabao wrapped up his visit to Brunei, the first by a Chinese premier to the Southeast Asian nation.A memorandum of understanding covering energy cooperation between the two governments wa
[Nov. 22, 2011] Xinjiang Guanghui Industry Co. Ltd. (Xinjiang Guanghui) signed a memorandum of understanding (MOU) on Friday to acquire a majority stake in Foren Associates Ltd. (Foren) in a deal that expands Xinjiang Guanghui’s upstream gas assets in Kazakhstan.
[Nov. 21, 2011] Qatargas today delivered its first Q-Max Liquefied Natural Gas (LNG) cargo to the People’s Republic of China.Delivered onboard the Q-Max vessel, Bu Samra, this is the first Qatari LNG Q-Max cargo delivered to PetroChina’s recently commissioned
[Nov. 21, 2011] China National Petroleum Corp. (CNPC) has set an ambitious five-year course to wrest a greater share of the nation’s natural gas market, but success hinges on the loosening of price controls and a jump in imports.
[Nov. 18, 2011] China is likely to lift a total of up to 500,000 barrels per day of crude oil next year from Iraq, the fastest-growing oil producer in the Middle East, a volume nearly 50 percent more than this year, Chinese traders said.The volume includes estimate
[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] China, flush with cash, is on a global search to acquire any and all overseas energy assets.China Petrochemical Corp., known more familiarly as the Sinopec Group, Asia’s biggest refiner, will pay $3.54 billion for a 30 percent share in Portugal’s Ga
[Nov. 16, 2011] The Canadian government on Tuesday approved China National Offshore Oil Corp’s C$2 billion ($1.9 billion) deal for struggling oil sands operator Opti Canada Inc .Opti said in a release that Canada’s industry minister had approved CNOOC’s purchase of the c
[Nov. 15, 2011] Prime Minister Yoshihiko Noda has called for early resumption of stalled talks with China toward signing a treaty on a joint gas development project in the East China Sea. In a Saturday meeting in Honolulu, Chinese President Hu Jintao told Noda
[Nov. 15, 2011] Governor Neil Abercrombie last night signed an agreement with Mr. Yu Ping, Vice Chairman of the China Council for Promotion of International Trade (CCPIT), to pursue mutual interests in clean energy development. The Letter of Intent was signed by bo
[Nov. 15, 2011] Canada expects strong interest in its heavy crude oil reserves from China after the U.S. government balked on a major oil pipeline project, the government said.The U.S. State Department last week said it was reviewing alternate routes for the planned Keys
[Nov. 14, 2011] Japanese Prime Minister Yoshihiko Noda on Saturday called for an early resumption of stalled talks with China toward signing a treaty on a joint gas development project in the East China Sea.In a meeting in Honolulu, Chinese President Hu Jintao told Noda
[Nov. 14, 2011] Senior executives of Chinese energy giant CNOOC will visit Israel this week to examine a possible investment in the Leviathan gas partnership, Calcalist has learned. Talks began six months ago during Delek Drilling chief Yossi Abu’s visit to China, w
[Nov. 14, 2011] The White House plan to seek alternate routes for a Canada-to-Texas oil pipeline presents a tangle of new problems for the project _ with the potential to sink it altogether.Shifting the route around a major aquifer could mean more perilous stream crossin
[Nov. 11, 2011] China’s Sinopec said Friday it will pay $3.54 billion for a 30 percent stake in the Brazilian unit of Portuguese oil giant Galp Energia, marking the latest push by Chinese companies into Latin America.Asia’s top refiner said in a statement the trans
[Nov. 11, 2011] Wood Mackenzie’s China Gas Service says thatChina should look towards increased piped imports from Central Asia, primarily Turkmenistan, to meet near-term demand. This is because delays in implementing structural gas price reforms in China have weak
[Nov. 11, 2011] The premiums for Middle East oil sold to Asia dropped amid signs that Chinese imports are easing.Qatar Land crude for January loading fell 1 cent to a discount of 9 cents a barrel below its official selling price, according to data compiled by Bloomberg.
[Nov. 11, 2011] Despite what you may think, the delay or even cancellation of the Keystone XL pipeline project from Canada to the United States does not ensure that China will become the go-to customer for Canada’s vast oil sands.U.S. President Barack Obama has opt
[Nov. 10, 2011] Russia is set to ship more fossil fuels to China and other Asian markets as focus shifts from its traditional European markets, but the country faces massive challenges in getting new fields on track, the International Energy Agency said Wednesday in a re
[Nov. 10, 2011] Canada is counting on China to be a key investor in Alberta’s oil sands projects and a big customer for crude that would flow through a proposed Northern Gateway Pipeline.Federal Natural Resources Minister Joe Oliver is half-way through his visit to China
[Nov. 9, 2011] Asian gasoil cash differentials continued toclimb steadily at the start of the trading week on Tuesday on the back of tightsupply and demand from China and Trafigura. The benchmark 0.5 percent sulphur gasoil premium increased by mo
[Nov. 9, 2011] The Board of Directors of China Oil & Exploration Company Ltd are pleased to announce that our pending acquisition in Africa is close to completion and should be finalized prior to our listing on the New York stock exchange on 5th December, 2011.Speak
[Nov. 9, 2011] Two Kuwaiti oil experts commended Kuwait Petroleum Corporation’s (KPC) partnership with China to build an oil complex which would house a refinery and a petrochemical factory, saying building oil projects abroad would guarantee Kuwait’s heavy crude oil ma
[Nov. 9, 2011] Venezuelan President Hugo Chávez has a potent weapon in his tough 2012 re-election campaign against a united opposition: a multibillion dollar oil-for-credit deal with China.The former army officer’s deal lets China secure oil supplies for its fast
[Nov. 9, 2011] Russian and Chinese national energy companies have shown interest in Argentina’s emerging shale oil and gas sector, a top executive from the provincial company in charge of awarding exploration rights said Tuesday."We have talked with Gazprom, there
[Nov. 8, 2011] Two Kuwaiti oil experts commended Kuwait Petroleum Corporation’s (KPC) partnership with China to build an oil complex which would house a refinery and a petrochemical factory, saying building oil projects abroad would gaurantee Kuwait’s heavy crude
[Nov. 8, 2011] At least one Chinese refiner has bought extra crude for December from Saudi Arabia, while the Kingdom will supply full contracted volumes to at least six Asian term buyers, industry sources said.The allocations, ahead of winter in the northern hemisphere,
[Nov. 8, 2011] State-owned China Petrochemical Corp or Sinopec Group said on Monday it has completed its acquisition of an 80 perent stake in Pecten Cameroon Co from Royal Dutch Shell (RDSa.L), gaining its first oil production assets in the African country.Addax Petrole
[Nov. 8, 2011] Beijing Urban Construction Group Co. Ltd. (BUCG) has a won a tender to build a $280 million gas pipeline in Mozambique, a BUCG official, Liu Jian, confirmed Nov. 7.
[Nov. 7, 2011] It is reported that China Petroleum and Chemical is in talks with Galp the largest oil refinery in Portugal over the prospect of acquiring its business in Brazil for two billion Euros.Galp is negotiating with other bidders and the final bid is to be close
[Nov. 4, 2011] -- Singapore’s sovereign-wealth fund discloses investment in Sinopec-- Disclosure prompted after GIC’s shareholding in Sinopec rose to a level requiring company to give notice-- GIC’s stake in Sinopec’s Hong Kong-listed shares totals 5.00%(Recasts, adds G
[Nov. 4, 2011] CNOOC Ltd. (CEO) and PT Pertamina are looking into the possible purchase of Marathon Oil Corp.’s (MRO) stake in an Angola block, a person familiar with the matter has said, the latest attempt by Asian giants to acquire African oil assets.China’s CNOOC and
[Nov. 3, 2011] China has pumped 16.88 billion cubic metres of natural gas from Central Asia since the startup of a massive transnational pipeline in late 2009, operator China National Petroleum Corp (CNPC) said on Thursday.The pipeline, with an expected annual capacity
[Nov. 3, 2011] In two previous articles, I detailed seven of 10 ethical challenges Canada faces given the way it is exploiting the oil sands. Find those here and here. I wrap up here with the final three.Ethical Challenge Eight: The Enbridge/Chinese GambleWith Chinese m
[Nov. 3, 2011] PLS, Inc. and Derrick Petroleum Services report that total global oil & gas transaction value for the third quarter 2011 jumped to $43 billion in 166 transactions with deal values disclosed, up 53% from the second quarter value of $29 billion. The mar
[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] What exactly would Canada do with all that oil they’ve got in Alberta if U.S. regulators say: “Thanks, but no thanks,” to the Keystone XL pipeline?Well, the Canadians would probably find someone else to buy its million or so barrels of o
[Oct. 31, 2011] Hong Kong. October 28. INTERFAX-CHINA - There is "no guarantee" China will be one of the main offtakers of LNG from the recently approved Kitimat LNG (KM LNG) terminal in western Canada, a source with knowledge of the matter has told Interfax.
[Oct. 31, 2011] Indian and Chinese companies have emerged as the top choices in the bidding for iron ore and oil deposits in Afghanistan, according to the country’s Minister of Mines Wahidullah Shahrani.“Two Indian bidders have emerged as the most potential c
[Oct. 31, 2011] Interfax cited Mr Nikolai Tokarev president of oil pipeline monopoly Transneft as saying that Russia could increase oil shipments to China in future.He said that "We do not rule out that these volumes could be increased in time, as China is experienc
[Oct. 28, 2011] Shanghai. October 27. INTERFAX-CHINA - Sharp declines in the benchmark price of North American natural gas will drive down the cost of U.S. liquefied natural gas (LNG) exports to China, an industry expert told Interfax Oct. 27.
[Oct. 28, 2011] Bangladesh’s state energy firm said it expected to enter a joint venture with China soon to explore for gas in southeastern Chittagong, which could help ease acute gas shortages that have forced many Bangladeshi industries to shut or delay operations.The
[Oct. 28, 2011] Indian and Chinese bidders are front-runners for deals to mine Afghanistan’s vast iron ore and oil deposits, the country’s mining minister said on Wednesday, worrying Western firms who have hesitated to invest in the war-torn region.Afgh
[Oct. 28, 2011] McAfee: Attackers from China have hacked global Oil and Gas companies/EINPresswire.com/*IT security company McAfee says it has found out about computer hacking on un-named global oil, gas and petrochemical companies, and individuals and executives in Taiw
[Oct. 28, 2011] Crude oil futures rallied more than 4 percent on Thursday, primed by a deal on Greek debt that many analysts said bodes well for resolving the euro zone crisis.Markets got a boost after euro zone leaders struck an agreement with private lenders for
[Oct. 27, 2011] The markets are now solidly in the hands of the EU leadership as yet another summit gets under way. Today is a carryover from Sunday’s meeting and one that is hoped by all that the EU will finally come up a with a long lasting and durable solution to a de
[Oct. 27, 2011] American oil major ExxonMobil has made a “potentially significant” gas discovery off the coast of Vietnam in an area that is also claimed by China.The find brings the bitter territorial dispute over the resource-rich South China Sea back
[Oct. 27, 2011] Oil traded near its highest in 12 weeks in New York on speculation China’s government will boost the economy of the world’s second-biggest crude consumer, while European leaders prepared to tackle the region’s debt crisis.Prices ga
[Oct. 27, 2011] ConocoPhillips’ three-year plan to strip the company down to its most profitable parts remains a work in progress, and third-quarter net income slid 14 percent.However, its shrink-to-grow strategy already is putting more money in its pocket for each
[Oct. 27, 2011] * Iron ore deal seen likely to India bidder in November * Chinese bid "most potential" to win oil and gas deal * EU group says cannot compete with state-backed Asia bids * Afghanistan pledges
[Oct. 26, 2011] Iran is in talks with a Chinese group that may finance construction of a liquefied natural gas plant in the port town of Assaluyeh, state-run Press TV reported, citing the head of the nation’s maiden LNG project.Ali Kheir-Andish, managing director o
[Oct. 26, 2011] Chinese oil companies are interested in participating in future exploration and development of fossil fuels in Peru, due to the country’s geological potential, according to a report from state-owned Perupetro.China National Petroleum (CNPC), C
[Oct. 26, 2011] MCX Crude Oil opened positively at Rs. 4560 on the expectation of growing global demand and on the speculation for easing, current European situation by the Euro leaders. Meanwhile, Reserve Bank of India has increased the Repo rate by 5 basis points,
[Oct. 26, 2011] * Link to carry 500,000 bpd of oil* Will help speed up development of new fieldsRussia, the world’s biggest crude producer, has launched an oil pipeline that will facilitate the steady supply of 300,000 barrels per day to energy-hungry China and speed up
[Oct. 24, 2011] Chinese investment in overseas oil and gas assets fell sharply in the first 10 months of this year as political unrest in the Middle East and North Africa soured investor appetite, an expert said at an industry meeting Oct. 20 in Beijing.
[Oct. 24, 2011] Ubon Bio Ethanol Co (UBE), an affiliate of Bangchak Petroleum Plc (BCP), has won a deal to ship 100 million litres of ethanol per year worth 2.4 billion baht to China.The shipments averaging 300,000 litres per day will be made through the state-owned Orie
[Oct. 24, 2011] Although Russian Prime Minister Vladimir Putin undoubtedly had numerous goals in visiting Beijing last week, his most visible mission was to make progress in the protracted negotiations concerning China’s possible purchase of an enormous volume of R
[Oct. 24, 2011] China-based oil firm PetroChina International (Bermuda) announced on Friday it had discovered new gas and condensate reserves in North Klalin, West Papua.In a press statement, the company said the recent test result of North Klalin-1 exploration well show
[Oct. 24, 2011] In a welcome show of assertiveness, India is standing up to Chinese pressure in Southeast Asia, as well as closer to home.A series of recent events underscore this message. During meetings with Vietnamese President Truong Tan Sang earlier this month, Indi
[Oct. 24, 2011] Senior Iranian Oil Ministry officials have announced that they have reached agreement with the Pakistani government about shipping Iranian natural gas across Pakistan via pipelines to China.National Iranian Gas Export Company managing director Hossein Bid
[Oct. 24, 2011] In June, Australia’s BHP Billiton (BHP) bought US tight shale oil and gas producer Petrohawk.In July, China National Offshore Oil Corp. (CEO, or 883.HK in Hong Kong) bought Canadian oil-sands producer Opti Canada.This week, Norway’s Statoil (S
[Oct. 24, 2011] Four months ago, the world’s energy watchdog took historic action to reduce oil prices. Since then, the financial outlook has considerably worsened and some Libyan oil has returned to the market. But the price has remained above $100 a barrel.Releasing 60
[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] Qatar Petroleum International and Royal Dutch Shell have signed a framework deal with China National Petroleum Corporation to build a joint refining and petrochemical complex in China.The agreement is a step forward for the major project that will give Qa
[Oct. 18, 2011] RIA Novosti reported that tRussia Transneft oil pipeline monopoly resumed oil supplies to China via the Eastern Siberia Pacific Ocean pipeline halted earlier on Friday following a 5.9 magnitude earthquake in the far eastern Amur region.Spokesman Mr Igor D
[Oct. 17, 2011] Reuters reported that Russian oil pipeline monopoly Transneft halted oil shipments to China on the ESPO line following an earthquake in the Russian Far East on Friday but that the pipeline was not damaged and deliveries could restart on Friday.A company s
[Oct. 17, 2011] RIA Novosti citing Mr Igor Sechin Russian Deputy Prime Minister as saying that Moscow and Beijing are discussing increased deliveries of oil to feed the Tianjin refinery a joint project between Russia Rosneft oil company and China National Petroleum Corpo
[Oct. 9, 2011] Singapore-listed jet fuel supplier and trader China Aviation Oil (Singapore) Corporation (CAO) has agreed to invest about 34 billion won (32 million U.S. dollars) for a 26 percent equity stake in an oil storage firm in Yeosu, South Korea, the company anno
[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. 26, 2011] Built in 1983, the 261 meter-long & 127575 DWT oil tanker Lentera Bangsa caught fire 100 miles from the coast of Jakarta Bay Friday morning. The vessel was being used as a Floating Storage and Offloading (FSO) vessel in the Widuri field of the Java Se
[Sept. 26, 2011] Kuwait’s crude oil exports to China rose 6.3 percent in August from a year earlier to 864,000 tons, equivalent to around 204,000 barrels per day (bpd), the latest government data showed.Kuwaiti share of China’s crude oil imports was 4.1 percent last month
[Sept. 26, 2011] It is also one of the world’s leading refiners and has one of the largest fleets of supertankers and is now moving downstream, into chemical production, according to Mohammed Al-Madi, regional vice-president of Saudi Petroleum Ltd’s Beijing office, who sp
[Sept. 26, 2011] Middle East oil for sale to Asia fell for a third day after reports that Chinese refineries are slowing runs.Murban, produced by Abu Dhabi National Oil Co., for loading in November slid 5 cents to a premium of 38 cents a barrel to its official selling pri
[Sept. 26, 2011] From 1990 onward, Chudamani Ratnam, former chief of Oil India Ltd, repeatedly claimed that India had a treasure trove of shale oil in Arunachal Pradesh and other parts of the north-east. He said these deposits could produce 140 million tonnes per year for
[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. 26, 2011] Kuwaiti Oil Minister Mohammad Al-Busairi said Sunday that the China-Kuwait joint oil refinery would help promote cooperation between the two countries in the oil sector.The $9-billion project is one of the pillars of the Kuwait Petroleum Corporation
[Sept. 23, 2011] Liquefied natural gas prices are surging to a three-year high as demand from Japan, China and India outpaces supply, boosting sales for producers from BG Group PLC to Exxon Mobil Corp.Record Japanese imports to replace nuclear power after the Fukushima No
[Sept. 23, 2011] Kazakhstan’s KazMunaiGaz and China’s Sinopec have signed a memorandum of understanding agreeing to work together in multiple projects in Kazakhstan, KazMunaiGaz said Thursday.The companies intend to cooperate in Kazakhstan or in third countries in oil exp
[Sept. 23, 2011] Oil dropped to a six-week low after the Federal Reserve cited "significant downside risks" to the economy of the US, the world’s biggest crude consuming nation.Futures declined 6.3 per cent after the Fed said it will replace $US400 billion of sh
[Sept. 23, 2011] * U.S. Fed warning, China factory output raise demand concern* LME copper slides to one-year low* U.S. crude oil falls nearly 5 percent* Gold swept along with others on strong dollar (Updates, adds details, quotes)By Eric Onstad and Jane LeeLONDON/SINGAPO
[Sept. 22, 2011] China and Tanzania are expected to sign a US$1.06 billion loan deal for the construction of a natural gas pipeline from the southern part of the East African country to its commercial capital, a Tanzanian newspaper has quoted the country’s energy mi
[Sept. 22, 2011] China is interested in building an oil refinery in Costa Rica and investing in the Central American nation’s infrastructure and telecommunications sectors, Commerce Minister Anabel Gonzalez said.The two nations are currently engaged in investment ta
[Sept. 22, 2011] The United States is trailing China in the race for business in the new nation of South Sudan, despite leading the international effort to help South Sudan become an independent nation after decades of guerrilla war, says Princeton Lyman, the U.S. special
[Sept. 22, 2011] China’s Sinopec and Rosneft could co-operate on the construction of a new oil refinery in Udmurtia on the basis of their joint venture, Sinopec President Wang Tianpu told journalists during his visit of the region on Tuesday.Sinopec owns 49% in Udmur
[Sept. 21, 2011] Citing weaker economic recovery in key industrialised nations and the US summer driving season, which have negative impacts on oil demand, the 12-member Oganisation of Petroleum Exporting Countries (OPEC) , suppliers of about a third of world&
[Sept. 21, 2011] Envoys from South and North Korea are expected to meet in Beijing on Wednesday. It will be the latest attempt to get multinational talks about North Korea’s nuclear weapons program back up and running after a nearly three-year stalemate.
[Sept. 21, 2011] Iran’s Oil Ministry has asked Chinese CNPC to develop phase 11 of the giant South Pars gas field in a 35-month period with a warning that otherwise, domestic or foreign contractors would replace it.The issue was raised in a meeting between Iran’s Oil Mini
[Sept. 21, 2011] A series of supply squeezes have helped keep oil strong this year but some of them have been short-term factors and could give way to longer-term weakness as the outlook for the world economy and global fuel demand dims.The uprising against Muammar
[Sept. 21, 2011] How many more graphs do we really need to remind us that China and India are growing at a ridiculous, teeth-rattling pace? One more, at least. On Monday, the Energy Information Administration released its International Energy Outlook 2011 report. The char
[Sept. 21, 2011] The United States is trailing China in the race for business in the new nation of South Sudan, despite leading the international effort to help South Sudan become an independent nation after decades of guerrilla war, says Princeton Lyman, the U.S. s
[Sept. 20, 2011] China and Tanzania are expected to sign a $1.06 billion loan deal to build a natural gas pipeline from the southern part of the east African country to its commercial capital, a Tanzanian newspaper quoted its energy minister as saying.Last month, Energy a
[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] Ethanol futures dropped for a fifth day as crude oil declined on speculation demand is waning, and as corn rose.Futures fell 0.2 percent as crude dropped on concern Greece won’t qualify for enough financial aid for it to avoid default. Corn advanced
[Sept. 20, 2011] A Chinese petroleum producer is partnering with a UAE oilfield services company to exploit oil and gas assets.Petrofac, an oil services provider with headquarters in Sharjah, has formed a joint venture with the engineering unit of China National Petroleum
[Sept. 19, 2011] Oman’s crude oil and condensates production in August 2011 rose to 28,147,223 barrel and 907,975 barrel per day (bpd), an increase by 2.91 per cent over the previous month, according to the monthly report released by the Ministry of Oil and Gas.The
[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] We haven’t seen a race like this in decades.The more this silent energy war drags on, the more critical it is to our energy security that we don’t lose.In the end, however, there’s only one winner: you.The smart money isn’t choosing sides in this showdown
[Sept. 19, 2011] Global demand for oil will continue to decline because of the “lack of economic growth” in the U.S. and Europe, the Iranian Oil Ministry’s Shana news website said today, citing Mohammad Ali Khatibi, the country’s OPEC governor.Chin
[Sept. 19, 2011] China’s drive to secure Middle Eastern oil supplies is likely to find Beijing in competition with the United States, which despite efforts to wean itself off Persian Gulf crude is likely to return to the region as reserves in Canada and Mexico dwindle, an
[Sept. 19, 2011] As U.S. companies look toward oil riches in northern Canada, they’re encountering increasing competition - as well as some much-needed cash infusions - from the Far East.U.S. and Canadian companies have dominated Alberta’s oil sands for decades. Now, thou
[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] Chairman Francisco Venancio: China’s importance in tradeSince the April 2002 peace deal that brought an end to more than 25 years of civil war, Angola has undergone a remarkable transformation to become one of the world’s fastest growing economies.Before
[Sept. 16, 2011] After successfully renegotiating the gas price with Malaysia’s Petronas two months ago, the government is now stepping up its efforts to talk with another buyer — China’s largest producer of offshore crude oil and natural gas.Indonesia i
[Sept. 16, 2011] Chinese oil companies have been circling BG’s fast-growing Brazilian business, according to people familiar with the situation.Several industry specialists said BG had considered the sale of a minority stake in its thriving oil and gas business and
[Sept. 15, 2011] The oil ministry said in June it was examining the draft report, and would prepare a reply to the audit observations after obtaining details from relevant agencies, added reports. Top Stories KG basin contracts should be revi
[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] A ceremony has been held in Turkistan, Kazakhstan, to mark the commencement of welding on Phase II of the Kazakhstan – China gas pipeline.Kazakh Deputy Prime Minister Umirzak Shukeyev read a congratulatory letter from Kazakh President Nursultan Naza
[Sept. 15, 2011] The China National Petroleum Corporation (CNPC) has won a contract to drill for oil in three blocks of the Amu Darya basin in north-west Afghanistan, The Independent reports.The Kashkari, Bazarkhami and Zamarudsay blocks contain an estimated 80m barrels o
[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. 15, 2011] Oil continued to recover...basis WTI as unwinding of the Brent/WTI spread accelerated yesterday. So far overnight the spread has recovered by about $0.50/bbl basis the Nov spread which is trading around the $20/bbl mark. The Oct spread goes off the board
[Sept. 15, 2011] Beijing’s bid to thwart oil and natural gas exploration in two Vietnamese blocks in the South China Sea by India’s ONGC Videsh Ltd (OVL) has been rebuffed by New Delhi. India’s ministry of external affairs (MEA) said China’s object
[Sept. 14, 2011] It would seem the US is far from the only country to find China a tough competitor when it comes to their exports, and just as tough a customer when it comes to their imports.A Reuters series of articles explores Brazil’s trials with unfair steel ex
[Sept. 14, 2011] China National Petroleum Corp., or CNPC, offered the highest royalty and a refinery to win Afghanistan’s first oilfield auction last month, using a strategy that helped Chinese companies gain access to African resources.CNPC will pay 15 percent roya
[Sept. 14, 2011] Sasol’s SSL fiscal 2011 results illustrated the effects of strong energy and chemicals prices, as well as the benefits of Sasol’s lower-cost production. Operating profit grew 25% to ZAR 30 billion. A stronger rand was the only major drag on the company’s
[Sept. 14, 2011] China National Petroleum Corp. offered the highest royalty and a refinery to win Afghanistan’s first oilfield auction last month, using a strategy that helped Chinese companies gain access to African resources.CNPC will pay 15 percent royalty on oil
[Sept. 14, 2011] Oil prices are caught between two competing trends in the world economy: Europe faces debt problems that could slow its economy, while developing nations are on track to boost oil demand to a record this year.Benchmark U.S. crude rose 63 cents to $87.87 p
[Sept. 13, 2011] Iranian Central Bank Governor Mahmoud Bahmani said China, India and South Korea are frequently clearing oil debt to Iran."The countries are frequently settling their debt and we sell oil to them after liquidation. The countries’ debts were not accumu
[Sept. 13, 2011] Looking beyond Alberta’s rich deposits of oil sands, China’s state-owned Sinochem Group energy giant is looking to invest in the province’s rich oil and natural gas sector.Sinochem Group is China’s fourth largest energy firm.Sinoch
[Sept. 13, 2011] Asian gas oil’s front-monthtimespread rose to four-month high on Friday as marketparticipants weighed the impact of a rare import of diesel fromChina. PetroChina , China’s second-largest state refiner,purchased two diesel car
[Sept. 13, 2011] Uganda’s nascent oil sector is abuzz with news of formalisation of a partnership between three oil companies next week, which executives say will "unlock production.The signing ceremony between Tullow Oil, French-based company Total and China’s Natio
[Sept. 13, 2011] China may need to step in to help keep region secure; US reduces its dependence on Saudi oil as Chinese demand soars. The US and China are likely to find themselves competing for access to Middle East oil as China’s booming economy
[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
[Aug. 26, 2011] Annual capacity of central Asia gas pipelines, which mainly pump gas to China, will almost double by 2015 from an expected 30 billion cubic metres in 2012, China National Petroleum Corp (CNPC) reported in a company newspaper on Friday.The current pipeline
[Aug. 26, 2011] China’s Lion Fund Management Co will launch next week the country’s first mutual fund that invests in overseas oil and gas-related assets, as Chinese money managers step up innovation to woo investors haunted by inflation concerns.The fund will invest in
[Aug. 26, 2011] Kuwait’s crude oil exports to China fell 36.6 percent in July from a year earlier to 524,000 tons, equivalent to around 124, 000 barrels per day (bpd), Chinese government data showed.Kuwaiti share of China’s crude oil imports was 2.7 percent last month, c
[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] CNOOC Ltd, China’s biggest offshore oil explorer, will start new oilfields and stabilize production after crude spills and a delay in completing an overseas acquisition forced the company to cut its annual output target.CNOOC reported a record half-year p
[Aug. 25, 2011] * Parliamentary report gives details on Chinese loans* Oil to be used to repay funds to develop infrastructureGhana will repay its $3 billion loan from the China Development Bank at an interest rate of six-month Libor plus 2.95 percent, according to a Gha
[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. 24, 2011] China witnessed a year-on-year decrease in crude oil imports from Russia in Jul, showed customs data.
[Aug. 24, 2011] Oil prices bounced up on Tuesday in choppy trading, supported early by manufacturing gauges from China and Europe that were less gloomy than expected and boosted by stronger equities markets.Trading was choppy as the data from China and Germany did reveal
[Aug. 24, 2011] China is looking to take negotiations over the price for Russian gas from the corporate level to the governmental and has invited Russian Energy Minister Sergei Shmatko to take part in the next round of negotiations, which are slated to be held in B
[Aug. 23, 2011] Chinese petroleum firm PetroTrans is to carry out extension works to the port of Berbera, in the wake of signing a transaction agreement with the government of the breakaway enclave of Somalia.The Horn of Africa has been attracting increased investment in
[Aug. 23, 2011] China’s crude oil imports from the Islamic Republic of Iran have witnessed a 46-percent growth in the first seven months of 2011.According to the latest report by the China Customs Organization, Iran’s total crude exports to China rose 46.73 percent from
[Aug. 23, 2011] China National Petroleum Corp. (CNPC), the country’s largest oil and gas producer, terminated six exploration projects in Libya and Niger amid ongoing political turbulence in the Middle East and North Africa, the Securities Daily said Monday.The terminati
[Aug. 23, 2011] Another major event in the global oil market is about to unfold with the rebels fast approaching Tripoli. Whatever it means for the global oil prices is important for domestic players as well. Here is an interesting way to play the Libyan crisis and its l
[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. 23, 2011] Brent crude fell almost $2 on Monday to $106 a barrel with traders and investors anticipating the resumption of oil exports from OPEC-member Libya as a civil war there appeared close to an end.Six months of civil war have left Libya’s oil industry i
[Aug. 22, 2011] To overcome the acute energy crisis in Pakistan, Water and Power Minister Syed Naveed Qamar visited China to discuss the energy problems of Pakistan. He chaired the first Pakistan-China Joint Energy Working Group (JEWG) meeting held in Beijing on August 1
[Aug. 22, 2011] China’s buying of West African crude oil is set to rise about 15 percent in September from August, trade sources said on Friday, but overall Asian imports from West Africa will fall due to slower Indian demand.Meanwhile, US companies have resu
[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. 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
[Aug. 19, 2011] Long-stalled negotiations between China and Russia on pipeline gas are expected to conclude before the end of this year, as the price gap has narrowed after several rounds of talks, industry experts said on Wednesday."Both sides are very upbeat on th
[Aug. 19, 2011] Middle East oil grades for sale to Asia rose amid speculation demand will increase from economies led by China.Murban, produced by Abu Dhabi National Oil Co., advanced 0.4 percent to $109.51 a barrel, according to data compiled by Bloomberg News. Qatar Ma
[Aug. 19, 2011] China’s first aircraft carrier just completed sea trials, a pointer toward Beijing’s growing naval power that’s making waves in the Far East that are rippling through the Middle East.There have long been concerns there that China’s naval buildup, designed
[Aug. 18, 2011] Long-stalled negotiations between China and Russia on pipeline gas are expected to conclude before the end of this year, as the price gap has narrowed after several rounds of talks, industry experts said on Wednesday."Both sides are very upbeat on th
[Aug. 18, 2011] The government of Ghana is to borrow US$800 million from the state-owned China Development Bank to develop its natural gas infrastructure, and the first gas could be expected by the end of 2012 or early 2013.Head of the Ghana National Gas Company George S
[Aug. 18, 2011] Asia’s gas oil market strengthened on Wednesday, with theproduct’s forward curve moving towards backwardation on signs of firmer demand in the region. The September/October and October/November contracts rose to a slight contango,
[Aug. 18, 2011] Caterpillar has been selected to provide power solutions for the Asian Gas Pipeline, a joint project between Kazakhstan and China.Caterpillar will provide six Cat G3516C gas generator sets and two C18 generator sets. Each G3516C generator set will provide
[Aug. 18, 2011] China National Petroleum Corporation held a commencement ceremony in Mandalay, Burma, marking the start of welding on the Myanmar section of the Myanmar – China oil and gas pipeline.The Myanmar – China pipeline project involves the constructio
[Aug. 17, 2011] Somaliland, Ethiopia, and China are likely to sign trilateral agreements in the coming days. The deals are likely to be on oil, gas, and logistics. To take matters further, Somaliland President Ahmed M. Silanyo arrived in China for bilateral talks. Accord
[Aug. 17, 2011] Saudi Kayan Petrochemical Co has signed a Saudi riyal (SR) 488m ($130.1m, €90.0m) contract with China’s Sinopec Engineering Inc for the construction of a distilled natural alcohols plant at Al-Jubail in Saudi Arabia, Saudi Kayan said on Tuesday.The p
[Aug. 17, 2011] Synthesis Energy Systems, Inc. /quotes/zigman/96878/quotes/nls/symx SYMX -4.13% ("SES"), a global energy and gasification technology company that provides products and solutions to the energy and chemicals industries, announced today that it has
[Aug. 17, 2011] The joint venture (JV) of China Petroleum and Chemical Corporation (Sinopec) (600028,0386.HK) and Melbourne-based AED Oil Limited was ordered by the International Court of Arbitration of the International Chamber of Commerce (ICC) to pay US$60 million in
[Aug. 17, 2011] China National Petroleum Corporation (CNPC) looks to have landed a lucrative oil deal in Sudan after being offered licences for three new oil blocks in the country, a report indicates.The reported deal comes as China offers to mediate between Sudan and it
[Aug. 17, 2011] Oil exploration and future production contracts in the west Philippine sea, the maritime area Manila claims in the contested South China Sea, will be a hot issue when President Benigno Aquino makes his first official visit to meet Chinese President Hu Jin
[Aug. 15, 2011] One of Atlantic LNG’s shareholders, the French energy group GDF Suez, is in advanced exclusive talks to sell its ten per cent stake in the natural gas liquefaction facilities in Point Fortin to China’s sovereign wealth fund, China Investment C
[Aug. 15, 2011] In a move that arguably underlines the shifting of economic and political power in the region away from the US, China will this year acquire a substantial ten percent stake in the crucial Atlantic LNG plant at Point Fortin in a $5.5 billion deal.The China
[Aug. 15, 2011] Iran reiterated to China on Saturday it could take back control of a gas field being developed by its national oil company unless it speeds up investment, one week after the new Iranian oil minister said no foreign contractors were needed."Ultimatums
