A Chinese man holds up oil residue found in his shrimp farm in the coastal Leting county in the Bohai Bay near northern China's Hebei province. China's oceanic agency has ordered ConocoPhillips China to do more to prevent and clean up offshore spills that occurred June 4 and June 17, 2011 in the Bohai Bay that have raised an outcry among fishermen and environmentalists. (AP Photo)

China accepts group’s case against ConocoPhillips, CNOOC

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In June 2011, oil spills from an oilfield jointly owned by Houston-based ConocoPhillips’ Chinese subsidiary and CNOOC, China’s main offshore oil and gas producer, drained into the Bohai Sea and its bay.
In this Thursday, Jan. 28, 2010 file photo, A worker walks past tanks at a Petrochina storage base in Suining, in southwest China's Sichuan province. (AP Photo)

ConocoPhillips halts Sichuan shale gas talks with PetroChina

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While China has sought to replicate the U.S. shale boom, the nation last year cut its 2020 shale gas production target to about a third of its original estimate amid difficult geology, lack of infrastructure and limited exploration rights.
The oil industry says China prohibits disclosures from oil companies on payments to the government for drilling rights. (AP Photo/Andy Wong)

China retakes top oil-buyer spot from U.S.

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China overtook the U.S. as the largest crude importer in April for the first time this year. The country bought a record 7.4 million barrels a day from overseas that month, surpassing U.S. imports of about 7.3 million.
Prime Minister Vladimir Putin of Russia visits an oil rig in the Caspian Sea operated by Lukoil, April 28, 2010. (Alexei Druzhinin/Pool via The New York Times)

Russia eclipses Saudi Arabia in fight for oil market share in China

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China is becoming a key market for global oil exporters as surging output from shale fields from Texas to North Dakota allows the U.S., the biggest crude consumer, to rely less on overseas supplies.
An artist rendering of Cheniere Energy's proposed LNG export terminal in Corpus Christi.

Kinder Morgan LNG export project applies for FERC approval

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Kinder Morgan is seeking Federal Energy Regulatory Commission to build the $8 billion LNG export project near Pascagoula, Mississippi. The applicants are seeking FERC approval no later than June 17, 2016.
The deputy director of the Malaysian Maritime Enforcement Agency, Ahmad Puzi Abdul Kahar, show a picture of missing tanker during a press conference in Kuala Lumpur, Malaysia, Monday, June 15, 2015.  Marine police say the Malaysian oil tanker MT Orkim Harmony that went missing last week carrying fuel worth 21 million ringgit ($5.6 million) and 22 crew members was probably hijacked by pirates. (AP Photo/Vincent Thian)

Hijacked Malaysian oil tanker rescued, pirates flee

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The maritime agency said the hijacking was believed to be the work of a syndicate targeting vessels for their cargos of fuel. It said this was the fifth theft in waters off southern Malaysia this year.
Memers of theOrganization of the Petroleum States meet In November 2014 at OPEC headquarters in Vienna. AFP PHOTO/SAMUEL KUBANISAMUEL KUBANI/AFP/Getty Images

Indonesia to rejoin OPEC in move to secure oil supplies

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The Southeast Asian country left the group in 2008 after nearly five decades of being the only Asian member amid declining oil reserves and investment
Saudi Arabia's Minister of Petroleum and Mineral Resources Ali Ibrahim Naimi leaves the hall during the opening day of the 10th Arab energy Conference in Abu Dhabi, United Arab Emirates, Sunday, Dec. 21, 2014. (AP Photo/Kamran Jebreili)

Saudi oil supply outpaces rivals in grab for record China demand

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Record imports by China are contributing to a recovery in benchmark oil from a six-year low amid speculation the purchases will help shrink the global supply glut that drove crude’s collapse in 2014.
Brazil's President Dilma Rousseff (L) shakes hands with workers of Brazilian state-run oil giant Petrobras at Petrobras's shipyards in Rio de Janeiro, on September 11, 2013. (VANDERLEI ALMEIDA/AFP/Getty Images)

China throws multi-billion dollar lifeline to scandal-plagued Petrobras

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Deals signed during the visit of Premier Li Keqiang coincide with Brazilian President Dilma Rousseff’s efforts to kick-start an economy that is forecast to contract 1.2 percent this year, its worst performance in a quarter-century.
The Freeport LNG plant on April 9, 2014 at Quintana, TX.(Thomas B. Shea)

Freeport LNG says it was warned not to sign Chinese customers

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“Early on in our project, we were quite frankly warned by the Department of Energy that it would not be looked at as politically correct for us to have a large Chinese customer,Chief Executive Officer Michael Smith said.
Categories: Asia, featured, LNG