The Oracle sees good value in Canadian oil-and-gas companies with long-life reserves. The sector is now trading at historic low multiples.» Read More
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.
*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.
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.
*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.
*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.
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.
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.