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  • LONDON, Nov 15- Ageing North Sea fields are being abandoned by oil majors and increasingly rely on national oil companies from countries such as China and large service providers to keep the oil- and tax revenues- flowing.

  • 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.

  • *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.

  • Arrow LNG a likely target in Shell spending rethink Tuesday, 12 Nov 2013 | 9:48 AM ET

    *Dropping Queensland export project could save $5 billion- analysts. LONDON, Nov 12- The Arrow gas export project in Australia is a likely casualty of a tighter spending regime at Royal Dutch/Shell as the company's new boss considers feeding output earmarked for it into a rival plant instead.

  • Brazil set to become major global oil supplier -IEA Tuesday, 12 Nov 2013 | 8:57 AM ET

    LONDON, Nov 12- Brazil is set to become a net oil exporter and top 10 producer from 2015 if it overcomes hurdles to developing its giant offshore discoveries, the West's energy agency said on Tuesday.

  • Last December, Canada allowed China's CNOOC Ltd to buy domestic energy firm Nexen Inc despite unhappiness among some legislators in the ruling Conservative Party, who said they did not like the idea of foreign state-owned enterprises buying Canadian energy assets.

  • *China, Japan set cutoff prices for LNG imports, activism grows. LONDON, Nov 8- Qatar is sweetening its gas sales pitch to lock-in long-term Asian buyers before a wave of new suppliers from the United States, Australia, and east Africa snatch market share and deflate prices.

  • HONG KONG, Nov 6- Hong Kong and China shares struggled on Wednesday with many investors sticking to the sidelines ahead of a fresh batch of Chinese macroeconomic data starting on Friday and a key Communist Party policy meeting.

  • SAO PAULO, Nov 1- For Chinese investors, Brazil is no longer the promised land. Operating in Brazil is a huge challenge, "said Zhang Dongxiang, chief executive of the Brazilian unit of Bank of China Ltd, one of China's four largest state-owned commercial banks.

  • Iraq embraces China's growing oil dominance Wednesday, 30 Oct 2013 | 8:56 AM ET

    *China now holds 21 percent of Iraq oilfield projects. BAGHDAD, Oct 30- From the giant southern oilfields to the lively souks of Basra, China is drilling ever deeper into Iraq.

  • *PetroChina, CNOOC, Sinopec invest heavily to boost output. HONG KONG, Oct 29- China's biggest state-owned oil firms, sitting on ageing fields, are scrambling to ramp up crude oil and natural gas production to meet surging domestic demand through a slew of investments that also risk pushing up their costs.

  • NAIROBI, Oct 28- Tullow Oil's suspension of drilling in Kenya after weekend protests shows that popular impatience for a share of the spoils is compounding the problems energy firms face building an oil and gas industry from scratch in east Africa.

  • *Eyeing sale of half of Montney and Duvernay shale acreages in Canada. BEIJING, Oct 25- Sinopec Group wants to sell half of its two biggest shale gas acreages in Canada to spread costs and accelerate their development, as the Chinese energy company focuses increasingly on return of investment, an executive said.

  • HONG KONG, Oct 25- Hong Kong shares may open down on Friday, with investors cautiously watching China's short-term money rates after a spike in the last two sessions triggered profit taking in growth-sensitive counters.

  • Energy firms take fresh punt on New Zealand deepwater Thursday, 24 Oct 2013 | 5:00 PM ET

    *Anadarko to drill 2 deepwater wells in New Zealand. WELLINGTON, Oct 25- New Zealand is hoping the first deepwater wells to be drilled in the country in nearly 15 years will reignite interest in its offshore oil and gas basins, mostly ignored since some early discoveries in the 1970 s.

  • *Total, Shell, CNOOC, China National Petroleum join winning bid. Despite government assurances that the discovery is huge and low risk, many major world oil companies that had shown strong interest in previous auctions, such as Exxon Mobil Corp, Chevron Corp and BP Plc, stayed away.

  • RIO DE JANEIRO, Oct 21- Brazilian state-run energy company Petrobras teamed up with European oil majors and Chinese rivals on Monday to buy the country's biggest-ever oil field with a lone bid at the minimum price, a disappointing outcome for a sale that was supposed to launch Brazil as a petroleum power.

  • RIO DE JANEIRO, Oct 21- Brazil sold production rights to develop the giant offshore Libra oil area to a consortium led by Brazilian state-run oil company Petroleo Brasileiro SA in an auction with a single bid on Monday. Petrobras, as the Brazilian company is known, took 40 percent of the field, 10 percent above the legal minimum.

  • RIO DE JANEIRO, Oct 21- Brazil geared up on Monday to sell production rights to its largest-ever oil discovery in a landmark auction that sparked widespread nationalist protests even though most of the world's premier energy companies opted to stay away.

  • Landlines, Leapfrogs and China's Energy Curve Monday, 3 Jun 2013 | 1:03 PM ET
    Yanlian Oil Refinery

    Leapfrogging legacy technology is a critical theme in the rise of the developing world, and China hopes to embrace this thinking when it comes to energy production.

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