PetroChina has teamed up with Sinochem Corp to tap shale gas from five blocks in the southwest of China, the state-run companies said. The two firms, together with State Development and Investment Corp (SDIC) and a local company, have joint...

Sinopec expects to have ploughed a total of RMB 24 billion ($3.9 billion) of investment into the Fuling shale gas field in Chongqing by next year, as part of attempts by the state energy giant to boost production capacity at the project, a...

Savvy investors can make good money by anticipating the future. In the case of battle-weary investors in the oil industry, it may pay them to keep a close eye on futures, crude oil futures that is. If investors spared a moment to divert the...

Three gas fields in the South China Sea have started operations, China National Offshore Oil Corporation (CNOOC), the owner of the resources, announced on Monday. The fields off the coasts of Guangdong Province and Hainan Province have a to...

Since China replaced the United States in 2013 as the worlds largest net oil importer, falling oil prices have benefited economic development. The Bank of America Merrill Lynch said that for every 10% fall in the price of oil Chinas GDP gro...

Qatar has the worlds third largest gas reserves of 871.5 trillion cubic feet (24.7 trillion cubic meters), representing about 13.3 percent of global proven oil reserves. The country also produced 158.5 billion cubic meters (bcm) or 4.7 perc...

Not gone and not forgotten, China is ready to solidify its claim to the South China Sea (SCS). Recent satellite imagery confirms China is conducting significant land reclamation operations in the Spratly Islands in the SCS. The SCS is an im...

KUALA LUMPUR, Malaysia -- As a part of a plan to restructure its business activities in Asia Pacific, Petroleum Geo-Services has decided to relocate its regional headquarters from Singapore to Kuala Lumpur. The move will result in consolida...

HONG KONG -- CNOOC has announced that the Huizhou 25-8 oil field/Xijiang 24-3 oil field Xijiang 24-1 District Joint Development project has started production. This project is located in the Pearl River Mouth basin of the South China Sea, w...

An offshore engineering site of COOEC in Qingdao, Shandong province. Headquartered in Tianjin, COOEC owns another two offshore engineering sites in Tanggu, Tianjin and Zhuhai in Guangdong province. The companys current operational area is a...