FM “not aware” of corruption allegations
Nicola Sturgeon has said she was “not aware” of allegations of corruption against the parent company of a Chinese firm she has signed an investment agreement with.
china
China imposes anti-dumping duties on foreign steel
China has imposed anti-dumping duties on “under-priced” steel from the European Union, Japan and South Korea.
BP signs first ever China shale deal with CNPC
Oil major BP has signed its first production sharing contract for shale gas exploration, development and production in China.
Sinopec profit beats estimates as refining buffers oil drop
China Petroleum & Chemical Corp.earnings beat analyst estimates as profit from turning crude oil into fuels offset the plunge in energy prices and more than $1 billion in writedowns by Asia’s biggest refiner.
China car fever lifting gasoline use seen as root of diesel glut
China’s love of cars and the gasoline that runs them is exacerbating an oversupply in another fuel decried by refiners across Asia, according to Bank of China International.
China’s ENN takes $0.75billion Santos stake
Chinese gas distributor ENN has bought a $750 million stake in Australian gas producer Santos as it attempts to ease its dependence on state-owned suppliers for supply.
PetroChina sees profits plunge by 70% in 2015
PetroChina , China's biggest oil and gas producer, reported a 70 percent slump in its full-year 2015 profit, with earnings upstream and in the marketing segment both taking a hit from lower prices.
China’s vice premier calls for Altai gas pipeline to push ahead
China's vice premier Zhang Gaoli has called on his country and Russia to accelerate the construction of the Altai gas pipeline linking the two countries.
BP strikes deal for China’s biggest carbon permit buyback contract
BP has struck a deal with a local power company in China for the largest carbon permit buyback contract in the short history of the country's nascent carbon market.
Rise in China oil demand
China's oil demand between January and February rose by 0.6% compared with the year previously, according to new data.
Coal mine gas leak kills 12
A gas leak at a coal mine in north-east China has killed 12 miners, state media reported.
China to create renewable certificates to increase use of cleaner energy
China said it plans to set up a market for renewable certificates to increase the use of cleaner energy.
Green Dragon increases gas reserves for 10th year running
China's Green Dragon Gas has increased its gas reserves in China for the tenth consecutive year.
Proposed tariff on Chinese steel imports a ‘slap in the face’ for UK industry
A proposed tariff of 1.65% on some Chinese steel products brought into Europe has been slammed as a “slap in the face” for the crisis-hit UK industry. The European Commission published the provisional figure after a nine-month investigation into imports of reinforced steel bar.
CNOOC starts production from Kenli 10-4 oilfield
CNOOC Limited said it has commenced production from the Kenli 10-4 oilfield off the coast of North China.
London stocks down amid worry over weak world growth
European stock markets opened lower following steep overnight losses in Asia, amid concerns over sliding oil prices and slowing world growth. In London, the FTSE 100 Index fell just under 1%, or 52.3 points to 5826.2, after China’s Shanghai Composite tumbled more than 6% as traders also worried over easing growth in the world’s second largest economy.
China’s oil companies take rating hit
China's national oil companies took a major rating hit in the wake of an unstable oil price.
China claims rig not in disputed waters after Vietnam complains
China's Foreign Ministry has claimed a $1billion deepwater oil rig was not drilling in disputed territory in the South China Sea. It comes after a warning from Vietnam against such activity.
IMF cuts global growth forecasts amid China concerns
Slowing growth in China and rising geopolitical tensions has led the International Monetary Fund (IMF) to cut its growth forecasts for the next two years. In its latest World Economic Outlook, the IMF predicted world growth of 3.4% this year followed by 3.6% in 2017.
Cnooc to cut spending as it reveals 2016 strategy
China's Cnooc plans to cut spending and reduce production as it grapples with the sub $30 oil environment in 2016.
Chevron will supply more Gorgon LNG to China
Chevron has signed its second agreement in as many months to sell liquefied natural gas to China.
Welink signs £1.1billion UK solar deal with Chinese firm
Renewables firm Welink Global has signed a £1.1billion agreement with a Chinese firm to develop solar power projects and energy-efficient housing in the UK
Chinese President Xi Jinping to visit Saudi Arabia, Iran and Egypt
Chinese President Xi Jinping is set to visit Saudi Arabia, Egypt and Iran later this month.
CNOOC and CGN strike strategic deal
CNOOC (China National Offshore Oil Corporation) and (CGN) China General Nuclear Power Corporation have signed a strategic framework agreement on offshore oil and nuclear power.
Oil jumps from 12-year low as China volatility dominates markets
Oil was swept along by volatility in Chinese markets, rallying from a 12-year low as the country sought to quell losses in its equities and stabilize its currency. Futures rose as much as 3.2 percent in New York after China suspended a controversial equity circuit breaker system and its central bank set the yuan’s reference rate little changed after an eight-day stretch of weaker fixings. Crude slid Thursday to the lowest since December 2003 as market turbulence reverberated across the globe amid concern over economic growth in the world’s biggest energy consumer.