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Exxon, Chevron to supply gas to Indonesian local market

JAKARTA, Jan. 23 -- Giant global oil and gas firms Exxon Mobil Corp and Chevron Corp have signed a deal worth 6.76 billion U.S. dollars as part of its commitment to allocate parts of their outputs to domestic industries, the Jakarta Post reported on Friday. Exxon has agreed to ...

Iran's oil revenues reaches $64 bln for 9 months

TEHRAN, Jan. 31 -- Iran's Oil Minister Gholam-Hossein Nozari has said that Iran's oil revenues reached 64 billion U.S dollars for the first nine months of the Iranian year, Iran's satellite Press TV reported on Saturday. "The Islamic Republic's oil revenues for the first nine ...

S Korean company seeks investment in mineral exploration in Myanmar

YANGON, Feb. 1 -- A South Korean leading private company is seeking investment in mineral exploration in a major mine in Myanmar's northern Shan state, the local weekly Yangon Times reported in this week's issue. Confirmed by the South Korean Embassy here, the Korean HC Company ...

OPEC will cut supply further if needed: Sec Gen

DAVOS, Switzerland - OPEC will cut oil output further at its meeting in March if needed to balance the market, the group's secretary-general told Reuters at the World Economic Forum on Friday. The comments are a strong indication the Organization of the Petroleum Exporting ...

Two major oilfields in NW China aims output growth

Developers of two key oilfields in Xinjiang Uygur Autonomous Region have pledged to further tap oil and gas reserves and boost their production capacity in the coming years. Karamay Oilfield is expected to realize an annual crude oil output of 16 million tonnes and 10 billion ...

StatoilHydro says Heimdal back up after repairs

OSLO, Feb 16 - Norwegian oil and gas producer StatoilHydro (STL.OL) said on Monday that its Heimdal field in the North Sea was in operation again after repairs, with both gas production and exports back to normal levels. "We started production and gas export on Saturday evening," ...

Circle Oil makes third Moroccan gas disocvery

LONDON, Feb 15 - AIM-listed oil and gas exploration company Circle Oil (COPU.L) has made its third successful gas discovery in Morocco, the company said on Sunday. The KSR-8 well at its Sebou permit in the Rharb Basin is being completed as a potential producer, Circle said. "This ...

Rig slowdown may not avert U.S. gas glut

HOUSTON - U.S. energy companies have slashed natural gas drilling activity in the face of plummeting prices, but that may not be enough to avoid a looming supply glut caused by anemic industrial demand and swelling imports. As with everything, the U.S. natural gas supply and ...

China to enhance natural gas imports from Central Asia

Next year, China will import 17 billion cubic meters of natural gas from Central Asian countries through a pipeline project designed to link up Caspian Sea gas reserves with energy-hungry China, the China Petroleum Daily said Friday. The China-Central Asia gas pipeline is China's ...

China lends Russia $25 billion to get 20 years of oil

MOSCOW - China has agreed to lend Russian oil companies $25 billion in return for supplies from huge new East Siberian oilfields that will power its economy for the next two decades. Russia's state oil champion Rosneft (ROSN.MM) and pipeline monopoly Transneft (TRNF_p.RTS) on ...

Exxon talking to Gazprom on Sakhalin gas exports

LONDON, Feb 16 - U.S. oil major Exxon Mobil (XOM.N) remains in talks with Russian gas export monopoly Gazprom (GAZP.MM) about the possible export of gas from Exxon's Sakhalin-1 oil and gas project in east Russia, a senior executive said on Monday. "We continue to talk to them ...

CNOOC speeds up LNG arm

China National Offshore Oil Corp (CNOOC), the country's largest oil and gas producer, is speeding up the development of its liquefied natural gas (LNG) business as part of its focus on green energy. The company earlier inked a deal with French utility GDF Suez to purchase a total ...

CNOOC to buy stake in U.S. Shale Gas Project

China National Offshore Oil Company Limited (CNOOC Ltd.) announced Monday it has agreed to pay 1.08 billion U.S. dollars for a 33.3-percent stake in the U.S.-based Chesapeake Energy Corp.'s 600,000 oil and natural gas leasehold acres in the Eagle Ford shale project. CNOOC ...

Nigeria troops repel attack on Agip oil terminal

YENEGOA, Nigeria, Feb 22- Nigerian security forces repelled an attack by gunmen on an oil terminal operated by Italy's Agip in the Niger Delta late on Saturday, a military spokesman said. Gunmen in two speedboats attacked Nigerian troops guarding the Twon Brass oil terminal in ...

Alberta regulator halts hearing on sour gas wells

CALGARY, Alberta, Feb 19- Alberta regulators suspended a hearing on Thursday on a controversial plan by Petro-Canada (PCA.TO) to drill sour gas wells in southern Alberta after one of its workers began a personal relationship with one of the oil company's employees. The Energy ...

China-Russia oil pipeline test run successful

PetroChina, China's largest oil and gas producer, said the test run of a 65-kilometer cross-border pipeline has been successful, a step away from formally launching the much more efficient and cost-saving crude oil pipeline from Russia to China. The first shipment, after ...

CNOOC 3rd quarter oil, gas output up 48.8%

China National Offshore Oil Company Limited (CNOOC) said Thursday its third-quarter oil and gas output rose 48.8 percent year on year to 88.7 million barrels of oil equivalent (BOE). The company attributed the production growth to the ramping up of production from projects that ...

CNOOC beats Exxon bid for African oil

China National Offshore Oil Corporation Ltd (CNOOC Ltd) and Ghana National Petroleum Corp together outbid Exxon Mobil for oil assets in the west African nation of Ghana, reports said Wednesday. The $5 billion offer topped the over $4 billion offer from Exxon Mobil for Kosmos ...

North Sea oil minnows at risk of being swallowed

LONDON - Tighter global credit has forced independent oil companies to sell their North Sea assets cheaply and the trend is set to last until oil prices rally. Even oil companies with valuable assets have been hit hard by a plunge in oil prices from a record high of more than ...

Fuel price hike to boost refiners' bottom line

China raised gasoline prices by around 3 percent in order to reduce deficits at the nation's two major refineries amid increasing international crude oil prices. "Starting from Oct 26, gasoline price increased by 230 yuan ($34.3) per ton and diesel by 220 yuan ($33) a ton," the ...
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China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...

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market

China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
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IMF chief warns of risks to recovery
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GM China chairman to retire
GM China chairman to retire
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industry

Minivans rev up sales for GM
Minivans rev up sales for GM
Sales of General Motors and its Chinese ventures accelerated in ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

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Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...
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