WorldOil LNG rollercoaster seen getting wilder until China builds storage The rollercoaster that drags liquefied natural gas prices higher as demand jumps in the northern hemisphere winter is going into overdrive. The Philippines in talks with China for joint sea exploration The Philippines and China are in talks to jointly pursue oil and gas exploration in disputed waters of the South China Sea, Foreign Affairs Secretary Alan Peter Cayetano said Friday. OGIC to strengthen innovation ties with China A selection of Scotland’s leading oil and gas research and development institutions will be heading to China next month (March 5-10) to strengthen ties, share knowledge and increase business opportunities with leading innovation houses in Beijing. What LNG traders want to know most is if China surprises again China’s winter liquefied natural gas binge sent prices to three-year highs, left European terminals largely idle and pulled in ships halfway around the world from Louisiana to the Pacific region. Booming Asian gas demand ripples all the way to Norway Asia’s rapacious thirst for liquefied natural gas is sucking supplies from surprising places. China ends 25-year wait as yuan oil futures to start trading After a wait of about a quarter of a century, the world’s biggest oil buyer is finally getting its own crude-futures contract. U.S. gas drillers are missing out on Asia's oil-driven cash boom If you’re pumping natural gas in the U.S., you’re probably missing out on Asia’s boom. Aramco's Asia light oil pricing steady in sign of slower demand Saudi Arabia kept pricing for its main crude grade to Asia unchanged for a second month as the world’s largest crude exporter responds to slower seasonal demand. 'Oil-for-loan' deals partly to blame for Venezuela's economic spiral China’s role in Venezuela, including oil-for-loan deals, is partly to blame for the South American country’s shrinking economy and the international community will probably shoulder the costs, U.S. Treasury Under Secretary for International Affairs David Malpass said. Shell to sell stake in Thailand’s Bongkot field for $750 million Shell Integrated Gas Thailand Pte Ltd. and Thai Energy Company Ltd., affiliates of Royal Dutch Shell Plc, have agreed to an asset sale of their 22.2222% interest in Bongkot field and adjoining acreage offshore Thailand to PTT Exploration and Production Public Company Limited (PTTEP) and PTTEP International Limited.