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Chinese Oil Companies Prompted to Reduce Output

Jan 11, 2015

Rising production costs and falling global crude prices are prompting Chinese oil companies to reduce output and explore other options for sustainable profit growth in the long term, a leading industry expert said on Tuesday. Part of the ...

Tags: crude prices, Crude Oil

China Is Expanding Its Scope in Looking for Energy Resources in Foreign Assets

Nov 20, 2013

China is expanding its scope in looking for energy resources in foreign assets, participating actively in the international oil and gas market to ensure the domestic supply is driven by economic growth. China Petroleum and Chemical Corp, ...

Tags: Gas Sources, Oil Sources

Canada's Energy Industry Likely Shares The Gloomy British Singer's Sentiment

Oct 17, 2013

"We hate it when our friends become successful," lamented Morrissey. Canada's energy industry likely shares the gloomy British singer's sentiment. Canada sits just across the border from the world's largest oil and gas market, and its ...

Tags: Chemicals, Gas, Metallurgy, Mineral, Energy

China and Other Countries Need to Allow More Open Access and Competition

Jul 3, 2013

China and other countries need to allow more open access and competition for their shale gas industries if they want to duplicate North America's success in exploiting the resource, a senior official at BP Plc said. "It did happen in the ...

Tags: Shale Gas, Energy

CNPC Announced Acquisition of a 20 Percent Stake in Novatek-Led Yamal LNG Project

Jun 27, 2013

China National Petroleum Corp. (CNPC) announced acquisition of a 20 percent stake in Novatek-led Yamal LNG project on June 24. The Chinese oil and gas producer said yesterday that it had signed an agreement with Novatek, the ...

Tags: oil, gas, Energy

Chinese Oil Firms Show Rising Interest in The Arctic Regions

Jun 17, 2013

Chinese oil and gas producers show rising interest in oil exploration and development in the arctic regions nowadays. An insider with China Petroleum Corp. (Sinopec Group), one of the top two oil and gas producers in the Chinese mainland, ...

Tags: Oil Firms, Sinopec

Chinese Oil Giant Sinopec Meeting Difficulty in Africa Again

Jun 10, 2013

Chinese oil giant Sinopec is expected to see drilling right of an oil field operated by its subsidiary Addax Petroleum in Gabon be withdrawn by local government. Etienne Ngoubou, a senior official with the Gabonese government, disclosed ...

Tags: Metallurgy, Sinopec

Rosneft Is Talking to Oil Majors and Traders to Raise up to USD 10 Billion

Dec 19, 2012

Reuters reported that Rosneft is talking to oil majors and traders, including Shell, Total and Glencore, to raise up to USD 10 billion using future oil exports as collateral to complete its purchase of TNK-BP and become the world's biggest ...

Tags: oil majors and traders, future oil exports, oil producer, trade finance

Iraqi Kurdistan's Oil Exports Have Halved to Around 100,000 Barrels Per Day in Recent Days

Dec 13, 2012

Iraqi Kurdistan's oil exports have halved to around 100,000 barrels per day in recent days in what could be a result of its long running dispute with Baghdad over payments to oil firms operating in the region. An Iraqi oil official said ...

Tags: gas, Metallurgy

BP Will Outline Growth Plans for Its Oil and Gas Production Arm

Dec 12, 2012

Reuters reported that oil major BP will outline growth plans for its oil and gas production arm on Monday in its first strategy update since striking a series of deals aimed at getting its Russian and US operations back on track. Like all ...

Tags: oil&gas drilling, oil rig jobs, jobs in oil and gas, oil heating prices

Analysis of Recently Completed Seismic Data by Top Multinational Companies Showed That

Dec 6, 2012

Analysis of recently completed seismic data by top multinational companies showed that Lebanon's gas wealth could exceed that of Israel. Mr Salah Khayat said CEO of Lebanon's upstream oil and gas company Petroleb said that "Analysis of ...

Tags: gas, gas wealth, Petroleb, oil

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