China’s CNPC quits flagship Iran gas project as sanctions bite


China National Petroleum Corp. is no longer a partner in Iran’s biggest natural gas project, and the Persian Gulf nation will develop Phase 11 of the giant South Pars field on its own, Oil Minister Bijan Namdar Zanganeh said, according to the ministry’s Shana news service.

Oil & Gas

Oil extends losing run as trade war deepens


Oil fell for a fourth day, set for the longest run of declines in more than five weeks, after the latest escalation in the trade war blindsided investors and worsened an already-shaky global demand outlook.


CMS: China – protecting your IP


China is a significant potential market for oil and gas service companies. As oil and gas equipment becomes increasingly sophisticated, companies will own more valuable intellectual property (IP).


Angus firm Allards wins £1.3m China deal


Angus-based engineering firm Allards International Ltd has won a “milestone” £1.3 million deal to supply vital parts for a sewage processing plant in China.


China reaches pivotal moment in its history


China is at a pivotal moment in its history. Over the last four decades, more than 800 million people have been lifted out of poverty. Vast megacities have sprung up in less than a generation. Chinese science, innovation, and manufacturing are transforming many countries – making China a true workshop of the world.


China’s oil giants to splurge most in five years


China’s oil giants aim to spend the most in five years in pursuit of higher energy output. But unlike global rivals investing in top-tier assets, the state-owned producers are trying to boost supply from fields that are either old and high-cost or new and challenging.