Clean energy measures to reduce dependence on costly fuel imports
Domestic oil companies have started developing charging stations for electric vehicles to cash in on the growth in clean energy.
Oil refiner Sinopec has already started to work with the Beijing municipal government to develop such stations. The company has set up a joint venture with a [...]
China has begun work on a 3-million-cubic-meter oil reserve base in Gansu Province.
The strategic oil stockpiling project, in Lanzhou, costs 2.38 billion yuan (US$348.6 million) and is expected to come into operation in the first half of 2011, China National Petroleum Corp said yesterday.
“Building the state oil reserve bases is conducive to avert oil supply [...]
China National Offshore Oil Corp (CNOOC), the country’s largest offshore oil producer, has signed an agreement to develop oil and gas resources in Venezuela, the latest step in its overseas expansion.
CNOOC has signed a memorandum of understanding with its Venezuelan counterpart for the development of heavy oil and offshore oil and gas resources. The agreement [...]
China National Offshore Oil Corp. (CNOOC), the country’s leading offshore oil producer, has signed an agreement with Qatargas to buy more liquefied natural gas (LNG)from the latter to meet the growing domestic demand, reported Saturday’s China Daily.
The two parties signed a memorandum of understanding (MOU) on Friday, under which Qatargas will supply an additional 3 [...]
China’s CNOOC Ltd has agreed to buy minority stakes in four exploration licenses in the Gulf of Mexico from a Norwegian oil and gas producer, the first time for a Chinese company to tap reserves in the US waters.
CNOOC will buy 10 to 20 percent share in the exploration areas from Statoil ASA, the Norwegian [...]
China Petroleum and Chemical Corp, also known as Sinopec, has signed a preliminary agreement with Exxon Mobil Corp to buy 2 million tons a year of liquefied natural gas from the United States energy giant’s project in Papua New Guinea.
The two firms are working together to finalize a binding sale and purchase agreement by this [...]
