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CNOOC says terminates Pan American deal with BP

China’s biggest offshore oil producer CNOOC Ltd said on Sunday its 50 percent-owned unit Bridas Energy Holdings has determined to terminate a deal to buy BP Plc’s 60 percent stake…

Govt urged to open up crude oil import market

Some of the country’s private-held oil companies are clamoring for the relaxation of the tight government control of crude oil imports to alleviate the widespread chronic diesel shortfalls during seasonal…

COFCO to expand overseas M&A

China National Cereals, Oil and Foodstuffs Corporation (COFCO), the country’s largest trader of grains and edible oils, said it will add investment worth more than $10 billion to fund overseas…

Addax buys Shell’s stake in Pecten

Royal Dutch Shell PLC has sold its 80-percent stake in Pecten Cameroon Co to the Chinese-owned Addax Petroleum Corp, the Sinopec International Petroleum Exploration and Production Corp(SIPC) said Thursday. The…

CNOOC still in talks for BP’s PAE

China’s biggest offshore oil producer CNOOC Ltd said talks are still ongoing for a $7 billion bid to buy BP Plc’s stake in Argentina-based oil and gas group Pan American…

Chinese oil giants beef up diesel supply

China’s two oil giants have announced measures to increase diesel supply to ease shortages in many parts of the country at the demand of government authorities, local media reported Thursday.…

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