U.S.-based Halliburton has signed an agreement with a Chinese company for hydraulic fracturing in the oilfields in the Xinjiang area of China. Halliburton inked the deal with an SPT Energy Group Inc. affiliate, Petrotech (Xinjiang) Engineering Co., Ltd., to establish a joint venture company focused on hydraulic fracturing and production enhancement services. The new company, […]

In light of a new corruption probe among high-level Chinese government officials, a U.S.-based law firm says it is now investigating securities claims against PetroChina Company Ltd. Greater China media are reporting on a corruption probe into former security chief and mainland China Politburo Standing Committee member Zhou Yongkang. The proble will reportedly cover Zhou's […]

American singer Jennifer Lopez has been criticized for participating in an event sponsored by the China National Petroleum Corporation held in Turkmenistan. According to media reports, Lopez claims she was blissfully unaware of human rights complaints about the country from groups such as Amnesty International. During the musical event hosted by CNPC, she reportedly also […]

Fresh from receiving renewed expansion permission from China's State Oceanic Administration, ConocoPhillips has entered into a set of agreements with PetroChina Company Ltd. whereby PetroChina will acquire an interest in two Western Australia exploration assets and establish a Joint Study Agreement for unconventional resource development in the Sichuan Basin. Under these agreements, which still require […]

China's State Oceanic Administration granted ConocoPhillips permission to begin oil production after operations stopped following two oil spills in June 2011. ConocoPhillips can gradually resume operations at the Penglai 19-3 oilfield. SOA said in the statement on its website posted yesterday that the oil company should follow the "requirements of the environmental impact report and […]

U.S.-based energy company ConocoPhillips announced a compensation deal in China to resolve issues related to the June 2011 incidents at the Peng Lai 19-3 field in Bohai Bay. ConocoPhillips and the China National Offshore Oil Corporation reportedly reached an agreement with China's Ministry of Agriculture under which CNY1 billion will be paid as compensation to […]

A wind power base, which is said to be the world's largest joint development and parallel running wind power project, will be formally launched in Jiuquan, Gansu province on July 12, 2009.
Involving a total investment of more than CNY120 billion, the 10 million-KW-level wind power station project will be another landmark project in China's 'Western […]

China National Petroleum Corporation and China Petroleum & Chemical Corporation, two giants of China' petroleum industry, have announced the signing of a crude oil mutual supply agreement to withstand the decline of oil prices and help China in its energy needs.

China National Petroleum Corporation has signed a joint venture agreement with Costa Rica's state refinery RECOPE to build an oil refinery in Costa Rica.

Sinopec International Petroleum Exploration and Production Corporation, the wholly-owned subsidiary of China Petrochemical Corporation, has announced that it will acquire all the outstanding common shares of Canadian Tanganyika Oil Company, by way of a negotiated take-over bid for CAD31.50 per share in cash.