Total SA plans to buy Synenco Energy Inc. for 478 million Canadian dollars ($472 million).
Synenco’s main asset is a 60 percent stake in the Northern Lights project. SinoCanada Petroleum Corp., a subsidiary of China-based Sinopec, owns the rest.
“The project is well advanced through the regulatory process, however significant new capital would be required to fund [...]

Synenco Energy Inc. (TSX: SYN - News) today advised that Todd Newton, President and Chief Operating Officer, will speak at the 2007 CAPP Oil and Gas Investment Symposium. Mr. Newton will speak on Tuesday, June 19, 2007 at 4:15 p.m. and Wednesday, June 20, 2007 at 3:50 p.m. (Mountain Time) at the Hyatt Regency Hotel [...]

Canadian Superior Energy Inc. Speaking from the dockside of the harbour in Brownsville, Texas, Canadian Superior’s Chairman, Greg Noval, said today at 7:00 AM Central Daylight Time, “We have launched the Kan Tan IV semi-submersible drilling rig on its way to Trinidad. The rig is being towed to Trinidad by Secunda International Limited of [...]

Canadian Superior Energy Inc. Speaking from the dockside of the harbour in Brownsville, Texas, Canadian Superior’s Chairman, Greg Noval, said today at 7:00 AM Central Daylight Time, “We have launched the Kan Tan IV semi-submersible drilling rig on its way to Trinidad. The rig is being towed to Trinidad by Secunda International Limited (’Secunda’) of [...]

China aims to produce 193 million tonnes of oil and 92 billion cubic metres of natural gas by 2010, according to an energy blueprint released by the National Development and Reform Commission (NDRC) on April 10.
While the target represents a mere 5% growth in oil output compared to last year, or 2.12% in annual growth, [...]

China Petroleum & Chemical Corp., Asia’s biggest oil refiner, said first-half profit may rise more than 50 percent on increased sales of fuels and chemicals.
The forecast from Sinopec, as the Beijing-based company is known, came as it said first-quarter profit more than doubled from a year earlier. Net income climbed to 19.4 billion yuan ($2.5 [...]

A second Chinese oil company is close to signing a memorandum of understanding to invest $3.6 billion in an Iranian gas field amid U.S. pressure for Beijing to scrap another similar deal, a news report said Friday.
State-owned China National Petroleum Corp. would invest in Iran’s South Pars gas field under the agreement, Dow Jones Newswires [...]

Canadian Superior Energy Inc. confirmed that the scheduled refurbishment of the Kan Tan IV semi-submersible drilling rig, that has been contracted to drill three (3) back-to-back Company operated offshore wells, off the east of the Island of Trinidad, for Canadian Superior, is nearing completion. On March 19, 2006, Canadian Superior had announced it had [...]

China has established a second petroleum exchange, in the northeastern port city of Dalian, four months after the launch of the Shanghai Petroleum Exchange, state media has reported.
“We plan to start trading fuel oil, bitumen and several other petroleum and chemical products in May,” said Sun Xueshi, president of the exchange, according to the official [...]

Shen Hua Group Corporation Limited plans to put three liquefied coal projects into production in 2011 and 2012 with a capacity of producing 10 million tons of petroleum a year.
The three projects, in Yulin city of West China’s Shaanxi Province and two in Yinchuan, capital of northwestern Ningxia Hui Autonomous Region, will each be able [...]