WorldOil State Department asks Asia to open energy trade in midst of tariff fight A U.S. State Department official called on Asia’s energy sector to open its doors to outside competition, even as tensions between Washington and Beijing escalate. 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. Oilfield services and equipment sector tells USTR proposed tariffs would harm U.S. manufacturing The Petroleum Equipment and Services Association (PESA) submitted comments to U.S. Trade Representative Robert Lighthizer outlining how the administration’s proposed tariffs on $50 billion worth of Chinese imports would impact the oilfield service, supply and manufacturing sector. 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. CEFC China may cut half its workers, but Rosneft deal still alive CEFC China Energy Co. may cut half of its 30,000-strong workforce as the sprawling conglomerate faces increased financial pressures and scrutiny from Beijing, said an official at one of its units. G3 Exploration reports progress at GGZ Block in southwest China G3 Exploration Ltd., an independent specialist in the exploration and development of coal bed methane gas (CBM), with roots in China and a focus on international expansion, is pleased to provide a progress update of the exploration and development activities for its Baotian-Qingshan (GGZ)2 Block, situated in the Guizhou Province, China. As oil falters, fuel that drove bull run continues cruising Oil investors rattled by the threat of U.S. output can find some cheer from diesel demand in Asia. As Siberian gas awaits U.S. landing, a second ship may be coming A second tanker carrying Russian natural gas may be on the way to the U.S., following in the footsteps of a ship now sitting near Boston Harbor with a similar cargo. An oil giant shrinks in Asia as dirty skies turn cash toward gas China’s crude oil production will likely extend it’s slide into a third year as state-run giants focus on pumping natural gas to meet President Xi Jinping’s drive to use more of the cleaner-burning fuel. Flow of unwanted oil from China is set to turn into a deluge The pace at which China exports the fuel it doesn’t want is set to jump by more than four times in 2018, according to the nation’s biggest energy producer.