The US has started exporting crude oil to China for the first time since 2005, which analysts say gives Washington additional leverage in Sino-US relations and has major implications for the global oil market.Thursday, 18 April, 2013, 5:54am
In 1778 when Alexander MacKenzie first sighted a sticky black substance in Canada, he wrote in his journal that the locals mixed it with spruce gum to waterproof their canoes. MacKenzie, one of the first Europeans to report seeing oil sands in Canada's Alberta province, also mentioned that heating the oil sands caused them to smell like black coal.
That, for the moment, was that.13 Nov 2012 - 2:20pm
Diaper shortage feared after Japanese blast1 Oct 2012 - 4:42am
Honghua Group, the mainland's largest maker of rigs for land-based oil and gas drillers, is eyeing opportunities to buy or co-operate with more firms with expertise in making drilling equipment used in unconventional energy exploitation.7 Sep 2012 - 3:42am
I've never had much time for the peak oil prophets of doom. To me they always seemed first cousins to the kind of people who hide out in log cabins in the back hills of Montana surrounded by plentiful stocks of canned food and shotgun cartridges, waiting for the collapse of civilisation.27 Jun 2012 - 12:00am
The Shanghai Futures Exchange plans to launch China's first crude-oil futures contracts this year, inviting foreign investors to participate in Beijing's latest attempt to burnish its global economic clout.29 May 2012 - 12:00am
Honghua Group, one of the world's largest producers of land-based oil and gas drilling rigs, plans to take minority stakes in shale gas exploration projects on the mainland in a bid to forge closer ties with its customers.28 May 2012 - 12:00am
Investment holding company Swire Pacific will spend US$1.2 billion over the next few years buying more than 20 new offshore support vessels to expand and upgrade its existing fleet of 77 ships.17 May 2012 - 12:00am
China Rongsheng Heavy Industries is set to make its first foray into the offshore-rig-building market with a deal potentially worth up to US$800 million from a Singapore-based company.
The mainland's largest private shipbuilder and PrimePoint Oil & Gas, an offshore hydrocarbons exploration firm, are in talks for the construction of up to four rigs.12 May 2012 - 12:00am
Noble is eyeing opportunities in the United States shale gas market and could see positive developments in its Mongolian mining joint venture by the end of this year, a senior executive said yesterday.
The Hong Kong-headquartered, Singapore-listed commodities group said it was also less exposed to Africa and that there were 'one or two' areas of interest it was investigating.11 May 2012 - 12:00am