WorldOil New China energy star still hungry after $9-billion Rosneft deal A $9 billion stake in one of the world’s biggest oil companies may not be enough for CEFC China Energy Co. CNPC, Eni sign EandP cooperation agreement China National Petroleum Corporation (CNPC) and Eni signed cooperation agreement in order to cooperate in oil and gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals. UN sanctions to cut North Korea's fuel imports as crude keeps flowing New United Nations sanctions on North Korea will cut imports of fuels such as gasoline and diesel by almost 56% while capping shipments of crude at current levels, according to the U.S. China oil investors shrug off future fossil-fuel vehicle ban The prospect of China banning fossil fuel-powered vehicles is failing to alarm investors in the oil producers likely to lose out. China deepens oil ties with Russia in $9-billion Rosneft deal A closely-held Chinese oil company agreed to buy a minority stake in Rosneft PJSC for about $9 billion, deepening energy and political ties with Russia amid increasing tensions with the U.S. Gazprom, Mitsui ink framework agreement on small- and mid-scale LNG in Japan A working meeting between Alexey Miller, chairman of the Gazprom Management Committee, and Masami Iijima, chairman of the board of directors of Mitsui and Co., Ltd., took place at the Eastern Economic Forum 2017 in Vladivostok. Xodus advises Japan on decommissioning trends Xodus Group has delivered a decommissioning ‘trend survey’ to JOGMEC (Japan Oil and Gas and Metals National Corporation) to provide Japanese oil and gas companies with a better understanding of the decommissioning process and how to manage their global asset and abandonment liabilities. China's oil lifeline to North Korea targeted after nuclear blast Even before North Korea detonated its most powerful nuclear bomb yet, Japan was calling for moves to cut off its oil supply. China Merchants Group said to explore offshore rig deals State-owned conglomerate China Merchants Group is exploring acquisitions of offshore rig operators, which have struggled to recover from a collapse in oil-industry spending, people with knowledge of the matter said. PetroChina rewards investors with full profit payout on crude oil rise PetroChina plans to pay out its entire half-year net income to shareholders as the country’s biggest oil and gas producer benefited from higher global crude prices.