China’s Oil Giants Take Spending Cuts Deeper

• Thursday, 31st March 2016
• by Egypt Oil & Gas

After chopping spending by more than 30% to cope with a crash in oil prices and billions in writedowns that sent profits to the weakest since last decade, China’s energy giants are cutting even deeper, RigZone reporte...

Post-Scandal Petrobras to Receive Chinese Help

• Thursday, 2nd April 2015
• by Egypt Oil & Gas

Petroleo Brasileiro SA, the world’s most indebted oil producer, is bolstering ties to China as a corruption scandal has shut the company out of international bond markets. Petrobras, as Brazil’s state-run producer is ...