China punishes state oil refiner chief over blast
Chinese authorities are holding the chief of China's largest oil refiner responsible for a November pipeline explosion that killed 62 people and injured scores of others.
View ArticleTotal plans to drill for shale gas with Sinopec in China
Total SA plans to seek shale gas with China Petroleum & Chemical Corp. by drilling in Anhui province, moving the third-largest European oil company closer to exploiting Chinese reserves that are...
View ArticleFortune Global 500 list heavy on oil
Wal-Mart took the No. 1 spot on Fortune's Gobal 500 ranking of the world's largest companies based on revenue, but the top of the list was sloshing with oil.
View ArticleChina’s fuel demand to peak sooner than oil giants expect
Sinopec has offered a view of the country that should serve as a reality check to any oil bull.
View ArticlePetroChina, Sinopec surge on industry merger speculation
China National Petroleum Corp., the state-owned parent of PetroChina, hasn’t received any information from the government, nor has it spoken with Sinopec about a merger, Media Director Gong Kai said.
View ArticleDespite commodities collapse, oil and gas companies still dominate Fortune’s...
Royal Dutch Shell fell to No. 2 on the list after a year of falling oil prices, with mega-retailer Walmart claiming No. 1 after seeing sales at its international locations jump.
View ArticleSaudi Aramco raises Asia crude pricing, leaves light to U.S. unchanged
Refining margins in Asia have come under pressure in recent months as refiners there increased processing runs and Saudi Arabia increased diesel exports from its new Yasref refinery, a joint venture...
View ArticleSinopec plans to double Fuling shale gas capacity by 2017
The Beijing-based company known as Sinopec Group has steadily produced 15 million cubic meters of shale gas a day at the site for more than a month, it said in an e-mailed statement on Tuesday.
View ArticleSinopec sees oil sands venture improving on larger suncor stake
Suncor secured a deal to buy Canadian Oil Sands for about C$4.2 billion ($2.9 billion) by sweetening its offer after earlier bids were rejected.
View ArticleRex Tillerson’s holdings including stock in rival oil companies
Rex Tillerson’s personal investment portfolio includes stakes in some of the toughest competitors he battled for market share as chairman and chief executive officer of Exxon Mobil Corp. Tillerson, who...
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