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China Backs Joint Energy Development With Philippines In Disputed Sea
China's foreign minister on Tuesday said he supported the idea of joint energy ventures with the Philippines in the disputed South China Sea, warning that unilateral action could cause problems and damage both sides.
By : Reuters l Editing by Martin Petty and Clarence Fernandez | July 26, 2017
S. Korea Easing Rules At Oil Terminals In Effort To Become Trade Hub
South Korea is in the process of easing blending restrictions at its oil storage terminals as the world's No. 5 crude importer bolsters an effort to become a North Asia trading hub.
By : Reuters l Reporting by Roslan Kwasawneh in SINGAPORE l Additional reporting by Jane Chung in SEOUL l Editing by Tom Hogue | July 25, 2017
India Refiner HPCL Sees More Scope For Foreign Buys After ONGC Deal
Indian state refiner Hindustan Petroleum Corp sees itself better placed to buy overseas downstream assets once it becomes part of the country's top explorer Oil and Natural Gas Corp, its chairman M. K. Surana said.
By : Reuters l Reporting by Nidhi Verma l Editing by Keith Weir | July 21, 2017
China Drafts New Rules Easing State Oil Majors' Grip On Storage
Beijing on Wednesday issued a draft of new regulations for China's growing oil and fuel storage industry, helping loosen the state-owned oil majors' grip on the sector as the nation pushes to reform its vast energy markets.
By : Reuters l Reporting by Hallie Gu and Josephine Mason in BEIJING, and Florence Tan in SINGAPORE l Editing by Joseph Radford and Tom Hogue | July 20, 2017
India BPCL Makes Its First US Oil Purchase, Buys Mars, Poseidon
India's Bharat Petroleum Corp has made its first purchase of U.S. oil, buying high sulphur crudes Mars and Poseidon in a tender, its head of refineries R. Ramachandran said.
By : Reuters l Reporting by Nidhi Verma l Editing by David Evans | July 18, 2017
LNG Prices Stay Low as Oversupply Dogs Market
The Asian market for liquefied natural gas (LNG) remained subdued this week, weighed down by oversupply concerns and as the northern hemisphere exits its high demand summer season.
By : Reuters Reporting by Henning Gloystein and Mark Tay l Editing by Richard Pullin | July 17, 2017
China Expects LNG Receiving Capacity To Reach 100MM Tonnes by 2025
China's liquefied natural gas (LNG) receiving capacity is expected to rise 8.6 percent a year to 100 million tonnes by 2025, China's state planner said, as the country ramps up investment to support use of the cleaner fuel.
By : Reuters l Reporting by Dominique Patton and Beijing Monitoring Desk l Editing by Richard Pullin | July 14, 2017
Philippine Official: Drilling For Oil In Disputed Sea May Resume This Year
Drilling for oil and natural gas on the Reed Bank in the South China Sea may resume before the end of the year, a Philippine energy official said on Wednesday, as the government prepares to offer new blocks to investors in bidding in December.
By : Reuters Reporting by Enrico dela Cruz l Editing by Robert Birsel | July 13, 2017
Zhejiang Starts Construction Of China's First Private Oil Refinery Site
Zhejiang Petrochemical started construction on Monday of the first phase of its oil refining and petrochemical complex on the island of Zhoushan, near Shanghai, in Zhejiang province, the official Xinhua news agency reported.
By : Reuters l Reporting by Meng Meng and Beijing Monitoring Desk l Editing by Christian Schmollinger | July 11, 2017
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