China’s Oil Giants Take Spending Cuts Deeper

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

PetroChina Co., Cnooc Ltd. and China Petroleum & Chemical Corp., which together produce more crude than any country in OPEC besides Saudi Arabia, will reduce combined capital expenditure by about 8% this year.

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.