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  • A worker positions a tool on a length of pipe while changing a tool on the drill on a Chief Oil and Gas, LLC natural gas rig in Mifflin Township, Pennsylvania.

    The U.S. oil production boom had been expected, but the magnitude of change in such a short period of time is a surprise.

  • Canada's Trade Ties With Asia

    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.

  • Peter Ma

    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.

  • China's Oil Demand On the Rebound: Barclays

    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.

  • In this photo released by China's Xinhua News Agency, CNOOC 981, the first deep-water drilling rig developed in China, is pictured at 320 kilometers (200 miles) southeast of Hong Kong in the South China Sea Monday, May 7, 2012. The China National Offshore Oil Corp's sixth-generation semi-submersible rig operates at a water depth of 1,500 meters (yards), Xinhua said. (AP Photo/Xinhua, Jin Liangkuai) NO SALES

    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.

  • Expect More Chinese Takeovers: Pro

    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.

  • Assessing Canada's Pivot to China

    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.

  • hsbc.jpg

    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.

  • Could Western Protectionism Push Chinese Investors Elsewhere?

    Jim Prentice, vice chairman at CIBC, talks to CNBC about CNOOC's planned $15-billion purchase of Canada's Nexen and whether it will be allowed to go through.

  • Shares in BG Group fell by a fifth after the FTSE 100 oil and gas group cut its production forecast for this year and next. The company attributed the slide in the production outlook to a series of deferrals or delays on projects in the North Sea, USA, Egypt and Brazil.

  • CALGARY, Alberta-- Canadian oil and gas producer Nexen says it continues to expect the $15.1 billion takeover of the company by Chinese state-owned CNOOC to be completed by the end of the year. It would be China's biggest overseas energy acquisition.

  • Canada Open to Foreign Investment

    Neil Beveridge, Senior Oil Analyst, Sanford C. Bernstein discusses Canada's openness to foreign investment after the government rejects Petronas' bid for Progress Energy.

  • TORONTO-- Canada has blocked the Malaysian state-owned oil firm Petronas' US $5.2 billion bid for gas producer Progress Energy Resources, saying the proposed investment would not provide a net benefit to Canada. "Canada has a long-standing reputation for welcoming foreign investment.