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Gazprom and CNPC hold Joint Coordinating Committee meeting

Gazprom and CNPC hold Joint Coordinating Committee meeting

December 13, 2017 No Comments

A regular meeting of the Joint Coordinating Committee (JCC) of Gazprom and CNPC moderated by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Wang Dongjin, Vice President of CNPC, took place in Moscow. The meeting reviewed the progress of concerted efforts of the companies in the course of 2017, as well as ongoing and future cooperation in key focus areas. Specifically, a briefing was given on joint actions in the […]

AWE recommends shareholders take no action in relation to bid by CERCG

AWE recommends shareholders take no action in relation to bid by CERCG

December 8, 2017 No Comments

AWE Limited (ASX:AWE) notes the announcement today from China Energy Reserve and Chemical Group Australia Pty Ltd (CERCG Australia) regarding its unsolicited conditional off-market takeover bid for AWE at $0.73 per share. The AWE Board advises shareholders to take no action in relation to the offer or any document received from CERCG Australia until they […]

Petrobras signs financing agreement with China Development Bank

Petrobras signs financing agreement with China Development Bank

December 6, 2017 No Comments

Petróleo Brasileiro S.A. – Petrobras informs that it has signed yesterday with China Development Bank (CDB) a financing agreement of US$ 5 billion with maturity in 2027. On the same date, Petrobras also signed a commercial agreement with Unipec Asia Company, establishing a preferential supply of 100 thousand barrels of oil equivalent per day, based […]

World’s Most Powerful Bitcoin Backers

World’s Most Powerful Bitcoin Backers

November 28, 2017 No Comments

Cryptocurrency may be one of the biggest threats to governments, security and the entire financial system that we’ve ever seen. It can help fund terrorism and its anonymity makes it almost impossible to track. Most importantly, it is poised to revolutionize global finance and banking. But our new Enemy No. 1 can’t be fought; it […]

Eight energy companies commit to reduce methane emissions within natural gas industry

Eight energy companies commit to reduce methane emissions within natural gas industry

November 23, 2017 No Comments

BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall today committed to further reduce methane emissions from the natural gas assets they operate around the world. The energy companies also agreed to encourage others across the natural gas value chain – from production to the final consumer – to do the same. The commitment was […]

China to Export Trumpchi Cars to U.S.

China to Export Trumpchi Cars to U.S.

November 21, 2017 No Comments

According to the NY Times , Chinese automaker GAC Motor is planning to begin selling cars in the US by the end of 2019. The company hopes to be the first Chinese car brand to take off in the US. Trumpchis have gained a devoted following in China. The brand’s burly GS8 midsize sport utility […]

Zhejiang Geely Acquires Terrafugia, Inc.

Zhejiang Geely Acquires Terrafugia, Inc.

November 14, 2017 No Comments

Zhejiang Geely Holding Group (‘Geely Holding’) announced it has entered into an agreement with Terrafugia Inc, a US-based company focused on the innovation, engineering and production of flying cars and future technologies, to acquire its operations and assets in their entirety. Terrafugia was founded in 2006 by five award-winning graduates of the Massachusetts Institute of […]

Oil Company That Lost $800 Billion In Shareholder Value

Oil Company That Lost $800 Billion In Shareholder Value

November 2, 2017 No Comments

China’s biggest oil and gas producer PetroChina debuted on the Shanghai stock exchange in November 2007, becoming the first $1-trillion company in the world.   Ten years later, almost to the date, PetroChina’s Shanghai-listed shares have dropped by a staggering 82 percent since the IPO, wiping out shareholder value of $800 billion, Bloomberg calculated. That’s […]

Continental Resources Exports 1m Barrels Of Bakken Oil To China

Continental Resources Exports 1m Barrels Of Bakken Oil To China

October 20, 2017 No Comments

Continental Resources, Inc. (NYSE: CLR) (the Company) announced its first-ever sale of Bakken oil specifically for delivery overseas. The Company has sold 1,005,000 barrels of Bakken crude oil for November delivery to Atlantic Trading and Marketing (“ATMI”), which intends to export the oil to China. Daily sales transactions of 33,500 barrels per day in November […]

CNOOC signs production sharing contract with SK Innovation Co.

CNOOC signs production sharing contract with SK Innovation Co.

September 13, 2017 No Comments

CNOOC Limited (NYSE: CEO, TSX: CNU) announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with SK Innovation Co., Ltd. (SK) for Block 17/08 in the South China Sea. Block 17/08 is located in the Pearl River Mouth Basin. The block covers a total area of 466 […]

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