Asian shares kicked off the week higher after a historic deal over Iran's nuclear program bolstered risk appetite.» Read More
BEIJING, Dec 6- A $6.4 billion gas project being built by Chevron in China is facing further delays due to disagreements with partner PetroChina over how to develop the technically tricky fields, three industry sources said.
BEIJING, Dec 4- The movements of the eldest son of retired Chinese domestic security chief Zhou Yongkang have been restricted while he helps with a corruption investigation, three sources said, a case that could cause division within the ruling Communist Party.
HOUSTON, Dec 2- Venezuela's state-run oil company PDVSA and U.S. refiner Valero Energy Corp are running tests to evaluate the restart of five units at the 235,000 barrel per day Aruba refinery, which was shut last year over high costs, according to three sources familiar with the situation.
VANCOUVER, Dec 1- British Columbia is finalizing tax rules for companies seeking to export Canadian natural gas to Asia. Other countries, including the United States, are ahead of Canada in the race to export liquefied natural gas, a fuel that fetches far more in energy hungry Asia than in North America.
VANCOUVER, Dec 1- British Columbia, Canada's westernmost province, is working on a tax framework for a dozen new gas export terminals along its Pacific coastline. The majority of these proposed terminals would be in the Prince Rupert and Kitimat areas, port communities along Canada's west coast. Corp, Korea Gas Corp, PetroChina.
BAGHDAD, Nov 28- PetroChina has bought a 25 percent stake in the West Qurna-1 oilfield project from Exxon Mobil, strengthening China's hold on Iraq's energy resources. China is already the top foreign player in Iraq's oilfields, which are the largest in the Middle East open to foreign investment.
HONG KONG, Nov 28- Hong Kong shares erased gains after earlier touching its highest levels in more than 2-1/ 2 years on Thursday, as weakness in two Chinese oil giants PetroChina and Sinopec offset strength in material sectors such as cement and coal.
Nov 26- Ecuador's Socialist President Rafael Correa has often railed against allowing private trading firms to control the country's oil shipments, a top source of export revenue.
NEW YORK, Nov 26- China's aggressive quest for foreign oil has reached a new milestone, according to records reviewed by Reuters: near monopoly control of crude exports from an OPEC nation, Ecuador.
*Corruption is endemic in China. BEIJING, Nov 24- Chinese President Xi Jinping has raised expectations he will tackle corruption much more forcefully than his predecessors, but official data on investigations suggests the crackdown so far is little different to previous years.
*PetroChina- dominated grid limits small gas producers. BEIJING, Nov 22- As China struggles to rid cities of choking smog, one of the early priorities for Beijing's economic reforms will likely be to force state-run PetroChina to allow private producers fair access to natural gas pipelines.
LAUNCESTON, Australia, Nov 18- China's planned economic and social reforms should have the effect of extending the decade-long boom in demand for commodities, while at the same time making that demand more price sensitive.
HONG KONG, Nov 17- China's mass consumer, healthcare and non-banking financial counters may well be the early winners in the country's stock markets this week after Beijing promised the most sweeping economic and social reforms in nearly three decades.
SHANGHAI, Nov 15- China is set to accelerate energy price reforms to encourage competition, boost oil and gas supply and reduce inefficient fuel consumption in a country that two months ago became the world's largest net oil importer.
BEIJING, Nov 13- Royal Dutch Shell and China's Sinopec Corp are drilling exploration wells to test shale potential in central China, where little prospecting for the fuel has been done, company officials said on Thursday.
--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, Nov 14- China's leadership plenum may have disappointed with sparse details about economic reforms, but there was enough to suggest the potential for major changes in way the country buys and trades commodities.
SINGAPORE/ SHANGHAI, Nov 14- China will increasingly dominate global oil trade with a fuel import bill worth half a trillion dollars a year by the end of the decade- a lucrative prospect for futures exchanges battling to provide the benchmark to price Asia's oil.
BRASILIA/ BEIJING, Nov 13- Brazil's state-run oil company Petrobras has struck a deal to sell its Peruvian oil and gas assets to PetroChina, China's top oil and gas firm, and its parent China National Petroleum Corp for $2.6 billion. "The three target blocks are all quality oil properties in Peru with achievable profit potential," PetroChina added.
BEIJING, Nov 13- PetroChina, China's top oil and gas firm, has struck a deal to acquire the Peruvian oil and gas assets of Brazilian state-led oil company Petrobras for $2.6 billion. "The three target blocks are all quality oil properties in Peru with achievable profit potential," PetroChina added.
*Sinopec exploring Africa and Australia; building storage in Indonesia. SINGAPORE, Nov 13- From Africa to Australia, Chinese refiners are exploring new markets to ship surplus oil products such as jet fuel and diesel, putting them on track to compete with global trading houses and refining centres such as Singapore.