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, […]

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 […]

Environmentalists should take note of a new energy venture between a foreign and domestic firm in China. European petrochemical firm Total and the Chinese energy group China Power Investment Corporation announced their intention to build a coal-based petrochemical plant in China's Inner Mongolia. Total will bring to this partnership its expertise in the Methanol to […]

Unipec Asia Company, a subsidiary of China Petroleum and Chemical Corporation, has signed a long-term liquid natural gas supply agreement with Esso Highlands Limited, a subsidiary of ExxonMobil Corporation.
Under the framework agreement, Unipec will import two million tonnes of LNG each year from Esso Highlands's Papua New Guinea LNG project — an integrated development which […]

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.

Liaoning Province will close over 200 small paper-making plants along the Liaohe River basin this year and try to remove the stinky smell from 10 branches of the Liaohe River over the next three years.