Search for China

08.05.2013 CNOOC Buys LNG from BG Group

China National Offshore Oil Corporation, the country's largest offshore oil producer, announced on Monday that it has signed an agreement worth $1.93 billion to buy liquefied natural gas from BG Group and increased its stake in BG's LNG project in Australia, China Daily

08.05.2013 China's Largest Oil Platform Heading to South China Sea

China largest deep-sea oil drilling platform was dispatched from the eastern city of Qingdao on May 5, heading to its service destination in the South China Sea.

08.05.2013 China Gas Supplies May Fall Short of 2020 Target, Bernstein Says

Natural gas supplies in China may fall short of the government’s target of 400 billion cubic meters in 2020 by as much as 45 billion cubic meters, according to Sanford C. Bernstein & Co., Bloomberg reports.

08.05.2013 CNPC Said in Talks to Buy Brazil’s Barra for $2 Billion

China National Petroleum Corp. (CNPZ), China’s largest oil producer, is in talks to acquire Barra Energia Petroleo e Gas, a Brazilian oil startup, for about $2 billion, people with knowledge of the matter said, Bloomberg reports.

07.05.2013 PetroChina Rumored to Cut Natural Gas Supply by 26 Percent

According to reliable sources, PetroChina Co., Ltd. (00857: HKG; 601857: SHA; PTR: NYSE) plans to reduce natural gas supply in the domestic market by 26 percent starting May 2, in an attempt to reduce losses from natural gas business, ChinaScope Financial reports.

07.05.2013 China Takes on More LNG

BG Group said Monday it's committed more than 8 million tons of liquefied natural gas to the Chinese market following a $1.93 billion deal with CNOOC, UPI reports.

06.05.2013 CNOOC Limited Announces Pricing of Guaranteed Notes Offering

CNOOC Limited (the “Company", NYSE: CEO, SEHK: 00883) announced on May 2, 2013 (New York time) the pricing of its offering of US$4,000 million aggregate principal amount of guaranteed notes.

03.05.2013 China Energy Expert to Alaska: Be Wary of Big Pipeline Dreams

At a clean energy conference in Anchorage Thursday, Lt. Governor Mead Treadwell got a stern dose of skepticism about the fiscal promise implied by the state's big dreams for natural gas exports, Alaska Dispatch reports.

03.05.2013 CNOOC Raises $4 Billion in Biggest Asian Dollar Bond Since 2003

Cnooc Ltd. (883), China’s largest offshore energy explorer, sold $4 billion of bonds in the biggest dollar- denominated offering from Asia outside of Japan in more than nine years, Bloomberg reports.

02.05.2013 China's Shale Development Faces Obstacles

China's shale natural gas development is facing hurdles, experts say, according to UPI.