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World oil prices dropped below $75 a barrel in Asian trade Friday after overnight gains on positive US economic data that boosts energy demand. Light sweet crude for October delivery was seen trading at $74.81 a barrel at 11.30 a.m Singapore time while Brent crude declined to $76...
p>Chinese offshore oil and gas producer CNOOC Limited Tuesday said its parent China National Offshore Oil Corporation had signed amendment agreements to production sharing contracts with Chevron, BP and Devon Energy for three deepwater blocks in the South China Sea. The ...
p>recoverable natural gas reserves from the blocks 88 and 56 in the giant Camisea field stand at 13.8 Tcf -- higher than two previous estimates released by the government in the last 15 months. In May, Peru's Ministry of Mines and Energy said the reserves in the two blocks were ...
p>BP Wednesday blamed a "sequence of failures" by more than one company for the Macondo blowout in the Gulf of Mexico, but said rig-owner Transocean was to blame for a number of key failures which contributed to the disaster in which 11 workers died. In an internal accident ...
p>Pennsylvania Governor Ed Rendell called again Tuesday for a severance tax on natural gas producers to generate funds needed to repair road and environmental damage caused by drillers, two weeks before the Republican-controlled Senate of the Pennsylvania legislature reconvenes ...
p>An Obama administration proposal to eliminate US oil and gas industry tax credits to pay for a new program to build roads, railroads and runways may have a tough time finding support in the few weeks Congress has left to consider it, analysts said Tuesday. But the administratio...
Oil and natural gas rigs operating in the United States fell from a 23-month high, from 1723 to 1709, this week, according to a weekly rig count released Friday by Houston-based oil service company Baker Hughes Inc. Of the total, 941 rigs were exploring for natural gas, down by 7 ...
Shares of Chinese infant-formula maker Yashili International opened 11.9 percent lower than its initial public offering price of 4.2 HK dollars (54 U.S. cents) on Monday, its first trading day in Hong Kong. Under the stock code of 1230, shares of the privately-owned company, ...
Air China Ltd. and China Eastern Airlines Corp., China's biggest and third-largest carriers by market value, both reported record quarterly profit growth on the back of robust growth in domestic air travel and a strong yuan. Air China said late Thursday its third quarter net ...
The China Petroleum & Chemical Corporation (Sinopec), the country's largest oil refiner, said Thursday its net profit hit 56.4 billion yuan (8.4 billion U.S. dollars) during the first three quarters this year, up 11.5 percent year on year. Earnings per share stood at 0.651 yuan ...
The Industrial and Commercial Bank of China (ICBC), the country's largest lender by market value, said Thursday it would buy a 60 percent stake in French group AXA's Chinese life insurance venture in a bid to expand into the lucrative business. Once the deal is completed, the ...
The China Petroleum & Chemical Corporation (Sinopec), the country's largest oil refiner, said Thursday its net profit hit 56.4 billion yuan (8.4 billion U.S. dollars) during the first three quarters this year, up 11.5 percent year on year. Earnings per share stood at 0.651 yuan ...
The Industrial and Commercial Bank of China (ICBC), the country's biggest commercial lender, said Thursday that its net profit in the first three quarters rose 27.19 percent year on year to 127.22 billion yuan (18.99 billion U.S. dollars). The bank's third quarter profit totaled ...
SAIC Motor Corp., China's largest automaker, said on Thursday that its third-quarter profits jumped 46.88 percent to 3.71 billion yuan (550 million U.S. dollars), partly aided by government policies to boost the country's domestic auto industry. Revenues reported by the Shanghai...
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 ...
South Korea's No. 1 automaker Hyundai Motor Co. on Thursday announced its earnings for the third quarter, which rose from a year ago thanks to strong overseas sales. According to the company's regulatory filing, its net profit posted 1.35 trillion won for the third quarter of ...
p>The start of construction on the Beineu-Bozoi gas pipeline, which will ultimately link up with the Kazakhstan-China pipeline to deliver gas from the Caspian region to China, could be delayed from the fourth quarter of 2010 until 2011, a spokesman from Kazakhstan's oil and gas ...
Rewritten by Tom Pauken On Tuesday, Apple Inc. announced that it launched an online store and a simplified Chinese version of its App Store for consumers in China, the most recent move in an aggressive expansion by the corporation after neglecting the market for a number of years...
Arianespace, the world's leading launch service company, said on Wednesday that it looked forward to the future growth of satellite-launching business in the Asia- Pacific region. "The general trend is increasing," said Philip Balaam, regional sales and marketing director for ...
The Danish producer of wind turbines, Vestas, Tuesday announced the sacking of 3,000 of its workers, more than one-eighth of its workforce. The large cut in jobs was announced together with the presentation of Vestas' quarterly report. The report showed that Vestas is doing ...
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
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 ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...
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 ...
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 ...