WorldOil China trade truce may help give U.S. LNG a $30-billion boost China’s appetite for U.S. liquefied natural gas may be about to get a lot bigger after the two nations agreed to pull back from the brink of a trade war. UN panel asks biggest oil traders for North Korea information A United Nations Security Council panel is asking the world’s biggest oil traders to disclose the actions they are taking to stop the sale of crude oil and petroleum products to North Korea in violation of sanctions. CNOOC, Husky sign PSCs for exploration blocks in the South China Sea CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed two production sharing contracts (PSCs) with Husky Oil Operations (China) Limited for Block 22/11 and 23/07, in the South China Sea. Rosneft starts drilling offshore production wells in Vietnam Rosneft Vietnam B.V. has started drillling of LD-3P (Lan Do field) production well as part of Block 06.1 development. Gas giants swap roles as biggest buyer turns to Australia The gas market is being flipped upside down. Qatar steps in to buy Rosneft stake as China deal collapses Qatar emerged as a major shareholder in Rosneft PJSC on Friday after a $9-billion deal to sell a stake in Russia’s state-run oil producer to China’s troubled CEFC Energy Co. collapsed. Cash-rich Thai explorer eyes assets worth up to $1 billion Thailand’s PTT Exploration and Production Pcl is ready to shell out as much as $1 billion on an overseas petroleum asset this year, and possibly more, as it tries to prop up growth amid falling reserves. OTC '18: Japanese official details country’s LNG role, clarifies nation’s energy mix At an Offshore Technology Conference (OTC) topical breakfast in Houston on Wednesday, Takuma Iino Deputy Director of the Petroleum and Natural Gas Division at Japan's Ministry of Economy, Trade, and Industry, said that LNG has become even more important in the country’s energy mix. Santos announces sale of non-core Asian assets Santos today announced the sale of its non-core Asian portfolio to Ophir Energy plc (Ophir) for $221 million. Oil steadies amid Korean peace pledge, threat of Iran sanctions Oil traded near $68 as investors weighed the impact of a possible U.S. pull-out from the Iran nuclear deal and the potential for a historic accord between the leaders of North and South Korea.