Scott Darling, Head of Oil & Gas Sector Research at Barclays gives his top picks in China's oil & gas sector and warns that the nation's shale gas revolution might be running late by almost a decade.» Read More
BEIJING, April 25- China's Sinopec Group, Asia's largest oil refiner, said on Thursday it agreed to sell a stake of 30 percent in an oil and gas block in Myanmar to Taiwan's CPC Corp, one of a series of deals between state-owned energy giants and the Taiwan firm.
-1130 Bank of China Ltd. FTSE Group in developing "FTSE-BOCHK offshore RMB bond index series" press briefing. 70/ F, Bank of China Tower, Central. Board meeting at 0930.-# Bank of China Ltd Q1 results.
Scott Darling, Head of Oil & Gas Sector Research at Barclays gives his top picks in China's oil & gas sector and warns that the nation's shale gas revolution might be running late by almost a decade.
Despite objections, the U.S. is heading down the road to export natural gas, and that could ultimately help shake up world energy markets.
Suncor Energy has seen "a lot of interest" from potential merger partners, but is unlikely to consent to a deal with a large international company like ExxonMobil, Suncor's CEO said Tuesday.
The U.S. oil production boom had been expected, but the magnitude of change in such a short period of time is a surprise.
Don Campbell, Co-Chair of the Pacific Economic Cooperation Council, says state owned companies will not make the list for joint-partnerships as Canada opens up to Asia.
A 2 percent rally in Japanese stocks led gains on Monday with exporters lifted by a weak yen, while Australian shares charged to a fresh four-and-a-half year high on strong corporate earnings.
Asian stock markets climbed higher on Thursday led by Australian shares, which hit a four-year high on strong corporate earnings. Risk sentiment was also boosted by firm gains in Japan and Hong Kong ahead of a weekend meeting of G20 central bank officials.
China approved the sale of HSBC's remaining $7.4 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, completing the biggest equity purchase in the country by a foreign investor.
Asian stocks closed higher on Wednesday, with investors shifting their focus to corporate earnings in the region and the Federal Reserve's policy announcement later in the day.
Scott Darling, Head of Oil & Gas Sector Research, Barclays says the rebound in China's oil demand is not typical re-stocking ahead of the Lunar New Year. His top picks include PetroChina and CNOOC.
Asian shares ended mostly lower on Thursday, paring initial gains as investors cashed in their chips following recent rallies with demand also capped by caution ahead of Chinese data on Friday.
Chevron has signed production-sharing contracts with CNOOC for two exploration blocks in the South China Sea even after drilling three dry holes there last year.
The euro rose against the dollar Monday as comments made by Italy's prime minister allayed fears about the country's outlook.
Some of the names on the move ahead of the open.
Asian shares touched a 16-month high on Monday as investors took heart from rising factory output growth in China and a falling unemployment rate in the United States that raised hopes about the outlook for the world's top two economies.
Damon Vickers, MD & CIO, Damon Vickers & Co. expects China's demand for resources will fuel its takeover appetite. He adds that China will soon take over swathes of industries in the West.
Glenn Maguire, Principal & Chief Economist, Asia Sentry Advisory says Canada's approval of CNOOC's bid for Nexen will set an important precedent. He adds that Canada will need Chinese investment to tap its immense reserves.
A group linked to Thailand's richest man, Dhanin Chearavanont, has bought global bank HSBC's entire stake in China's Ping An Insurance for $9.38 billion.