ChinaOil Top Story archive

12 May 2016, Week 18 Issue 592

Allowing independent refineries to import and process crude oil will have a disruptive effect on China’s oil industry, creating the first company with more than 100 billion yuan (US$15.4 billion)...

28 April 2016, Week 16 Issue 590

Russia’s Yamal LNG project will receive US$10 billion in financing from Chinese lenders in May, a senior China National Petroleum Corp. (CNPC) executive told reporters on April 21.

21 April 2016, Week 15, Issue 589

A private Chinese energy firm is to buy a controlling stake in a division of Kazakhstan’s national oil company (NOC) KazMunaiGas, giving it access to facilities and a retail network in Europe. Oil...

14 April 2016, Week 14, Issue 588

Residents in the Kyaukphyu district of Myanmar’s Rakhine State are believed to have taken to the streets on April 11 demanding compensation from China National Petroleum Corp. (CNPC) for land they...

07 April 2016, Week 13, Issue 587

A Chinese ship and its three-man crew are being held by Vietnamese authorities following an alleged intrusion into disputed South China Sea waters last week, Vietnamese state media have confirmed...

31 March 2016, Week 12, Issue 586

China was unable to clinch a deal to supply fuel to Nepal during Nepalese Prime Minister K P Oli’s maiden visit to Beijing last week.

24 March 2016, Week 11, Issue 585

There was further bad news for Australia’s coal-bed methane (CBM) industry last week when Arrow Energy announced that its Bowen Basin expansion project in Queensland faced indefinite delays.

17 March 2016, Week 10, Issue 584

Taiwanese petrochemical firms are weighing up a US$2.5 billion investment in Indonesian ammonia and mega methanol facilities, according to an Indonesian investment board official.

10 March 2016, Week 09, Issue 583

The Australian Securities and Investments Commission (ASIC) said on March 7 that it had appointed a liquidator to close down drilling services company Sino Australia Oil and Gas.

03 March 2016, Week 08, Issue 582

Chinese oil traders are responsible for an ever greater share of global crude trade, especially in key benchmark markets, raising concerns that they are exerting an unhealthy sway on oil prices...

25 February 2016, Week 07 Issue 581

Beijing has officially launched a new national shipping giant to rival the likes of AP Moller Maersk and Mediterranean Shipping.

18 February 2016, Week 06 Issue 580

China has defended the presence of surface-to-air missiles on an island under its control in disputed waters of the South China Sea, claiming the defences have been there for years and that...

11 February 2016, Week 05 Issue 579

Sinochem’s president, Cai Xiyou, has become the petrochemical industry’s latest target in China’s war on graft, with the country’s Central Commission for Discipline Inspection (CDDI) announcing on...

04 February 2016, Week 04 Issue 578

Sinopec’s oil and gas production has fallen for the first time since 1999 amid declining domestic output and lower crude prices.