As China’s appetite for coal is booming, U.S. investors and businesses are cashing in.
U.S. pension and mutual-fund money is being invested in the Chinese coal industry, which is lucrative but, in general, has a poor record for pollution and worker safety.
The biggest Chinese coal company is China Shenhua Energy of Beijing, which produces about 170 [...]
Workers today completed a tunnel under China’s Yangtze River for a major gas pipeline that will run from the southwest province of Sichuan to Shanghai.
With a diameter of 3.08 meters and a length of 1,405 meters, the tunnel lay about 20 meters beneath the riverbed, connecting two wells on each bank in Yichang City, Hubei [...]
PetroChina Company Limited, the listed subsidiary of the country’s largest oil producer China National Petroleum Corporation (CNPC), announced on Oct. 15 its oil and gas output in the first nine months reached 828 million barrels of oil equivalent, up 4.3 percent from a year earlier.
In the first nine months, PetroChina produced 632 million barrels of [...]
China’s largest oil and gas producer, PetroChina<857><PTR>, announced that the company expects the annual production of Daqing oilfield to reach 40 million tons next year.
Jia Dong, chief accountant of PetroChina’s exploration and production department, said that the output of Daqing oilfield will reach 42 million tons in 2010, consisting of 38 million tons of crude [...]
Sinopec (NYSE: SNP, HK: 0386, SH: 600028) involved Angola’s Greater Plutonio oil project, which promises to offer the Chinese oil company share oil, has started operation, co-announced on Oct. 18 by Sinopec and other partners BP and Anglo state-owned Sociedade Nacional de Combustiveis de Angola, or Sonangol.
50 percent controlled by BP and the rest by [...]
The share price of CNOOC (NYSE: CEO, HK: 0883) is unlikely to surge following the company’s announcement on Oct. 18 that its two offshore gasfields Ledong 22-1 and 15-1 in South China Seas will add two billion cubic meters of gas to the explorer, analysts say.
Though the new output addition would be significant to the [...]
