China ///

Oil climbs as Huawei sanctions delay offers sign of trade war truce

Oil climbed as the U.S. delayed sanctions against Huawei Technologies, offering a hint of progress in its trade war with China, and a drone attack in Saudi Arabia highlighted simmering Middle East tensions.

China’s biggest energy company shuns Venezuela oil on tighter U.S. sanctions

China’s biggest energy company is backing away from direct purchases of Venezuelan crude as the Trump administration tightens sanctions against the South American nation.

‘Prolific’ Chinese theft ring targeted deepwater drilling technologies

A man who stole deepwater trade secrets on behalf of China was convicted in federal court following the FBI's dismantling of his "prolific network".

China still taking Iran oil, weeks after U.S. sanctions toughen

Official customs data on Friday showed China imported 855,638 tons in June, the equivalent of about 209,000 bpd.

U.S. sanctions China state oil trader for Iran crude deal

The U.S. has sanctioned a Chinese state oil trader for violating restrictions on Iranian crude, an attempt to tighten restrictions on the Islamic Republic and cut off one of its biggest buyers.

Iranian oil stacking up in Chinese ports adds to market uncertainty

Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s biggest buyer.

Oil pares steep weekly loss as U.S. says it downed Iranian drone

Oil snapped four days of losses after the U.S. said it downed an Iranian drone near the Strait of Hormuz, stoking concern crude flows from the Middle East may be disrupted.

CNOOC China signs cooperation framework agreement with Sinopec Corp.

CNOOC Limited has announced that CNOOC China Limited, its subsidiary, has signed a Cooperation Framework Agreement with China Petroleum & Chemical Corporation (Sinopec Corp.) regarding the sea areas of Bohai, Beibu Gulf and South Yellow Sea, as well as North Jiangsu basin.

PetroChina worth less than its energy reserves in the ground

PetroChina looks cheap on many levels, perhaps none more so than comparing it to the value of its reserves beneath the Earth’s surface.

China raises security warning on vessels plying Malacca Strait

China raised the security level for its vessels heading through the Strait of Malacca, a key Asian trade route and major oil choke point.

Trade deal could propel U.S. to top of China's LNG supplier list

Here’s another reason for Presidents Donald Trump and Xi Jinping to seal a swift trade deal: it could put the U.S. on track to become China’s biggest supplier of liquefied natural gas, according to Morgan Stanley.

China’s first LNG bunker vessel to feature integrated Wärtsilä solutions

China’s first seagoing LNG bunker vessel will operate with a comprehensive and integrated package of highly efficient and environmentally sustainable solutions from the technology group Wärtsilä.

NOVATEK creates JV in China with Sinopec and Gazprombank

During the official visit of the President of the People’s Republic of China Xi Jinping to the Russian Federation, PAO NOVATEK, Sinopec and Gazprombank signed Heads of Agreement on establishing a joint venture to market LNG and natural gas to end-customers in the People’s Republic of China.

U.S. Trade Representative grants two PESA exclusions to Chinese trade tariffs

PESA is pleased to announce two PESA product exclusions that were filed have just been granted by United States Trade Representative (USTR).

China's pipeline reform to supercharge gas demand

China’s pipeline reform is poised to spur competition in its natural gas industry, lowering prices and supercharging demand.

Brent crude gets nudge as market weighs Trump comments, rig data

Brent crude rose even as President Donald Trump said the U.S. isn’t ready to make a trade deal with China, casting a shadow on prospects for oil-demand growth.

Australia's natural gas industry faces climate test despite conservative election win

Australia’s gas industry is in a relative sweet spot. Its ideally placed to serve Chinese buyers avoiding tariff-laden U.S. LNG and the surprise re-election of its center-right government means producers face less immediate pressure to cut emissions.

Oil holds gain as OPEC signal on output cuts counters trade risk

Oil held gains on signs that OPEC and its allies will extend production cuts beyond June, while prices remained capped by worsening trade relations between the U.S. and China.

InterMoor wins mooring installation contract from COOEC

InterMoor, a leading provider of mooring services, foundation solutions and offshore installations in subsea services group Acteon, has signed a contract with COOEC, a subsidiary of China National Offshore Oil Corporation (CNOOC), to install deepwater mooring systems for the Liuhua 16-2 and Lingshui 17-2 floating production facilities in the South China Sea.

API: Growing trade war with China could hurt U.S. LNG, consumers

API issued the following statement in response to China’s increase of the retaliatory tariffs on $60 billion worth of U.S. products, including U.S. LNG: