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	<title>Stock Blog Hub &#187; China Petroleum &amp; Chemical Corporation</title>
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		<title>(XOM) Chinese Oil Companies: How to Play the Inevitable Shift</title>
		<link>http://www.stockbloghub.com/2012/05/20/xom-chinese-oil-companies-how-to-play-the-inevitable-shift/100604</link>
		<comments>http://www.stockbloghub.com/2012/05/20/xom-chinese-oil-companies-how-to-play-the-inevitable-shift/100604#comments</comments>
		<pubDate>Sun, 20 May 2012 20:26:18 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[COP]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=100604</guid>
		<description><![CDATA[It’s crazy to think that in just the last three years, China has become the world’s second largest economy, the world’s largest energy consumer, and the world’s second largest oil consumer. A recent PriceWaterhouseCoopers report even estimates, “China could be the largest economy in the world as early as 2020…” Whether it happens by then, I honestly don’t know. But neither does anyone else. In fact, long-term estimates like these are almost never right. There’s one thing you can count on, though. No matter when (or even if) China takes the number one spot in the global economy, it’s going to require a great deal of energy either way. And it’s more important than ever investors take a close look at what’s going on. Because, when it comes to energy, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/05/20/xom-chinese-oil-companies-how-to-play-the-inevitable-shift/100604/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(CEO) CNOOC Finds Gas in Yinggehai</title>
		<link>http://www.stockbloghub.com/2012/04/30/ceo-cnooc-finds-gas-in-yinggehai/99473</link>
		<comments>http://www.stockbloghub.com/2012/04/30/ceo-cnooc-finds-gas-in-yinggehai/99473#comments</comments>
		<pubDate>Mon, 30 Apr 2012 18:01:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[Dean Foods Company]]></category>
		<category><![CDATA[DF]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[PL]]></category>
		<category><![CDATA[Protective Life Corporation]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=99473</guid>
		<description><![CDATA[Chinese offshore giant CNOOC Ltd. (CEO) has made another breakthrough in the high temperature and high-pressure natural gas reservoir in Yinggehai Basin. The new discovery made in Dongfang (DF) 13-2 is situated in the north of central sag in Yinggehai Basin of Western South China Sea. The successful evaluation of the middle formation of the DF 13-1 gas field in 2010 has resulted in this new discovery. The new find at DF 13-2 struck gas pay zones in a water depth of 65 meters, having a total thickness of 35 meters and a well depth of 3,168 meters. In the course of the trial, the well flowed at an average rate of 42.4 million cubic feet of natural gas per day. CNOOC’s new strike at Yinggehai Basin goes to confirm ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/04/30/ceo-cnooc-finds-gas-in-yinggehai/99473/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PTR) PetroChina Buys into Canadian Asset</title>
		<link>http://www.stockbloghub.com/2012/02/13/ptr-petrochina-buys-into-canadian-asset/91524</link>
		<comments>http://www.stockbloghub.com/2012/02/13/ptr-petrochina-buys-into-canadian-asset/91524#comments</comments>
		<pubDate>Tue, 14 Feb 2012 04:52:19 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[ECA]]></category>
		<category><![CDATA[Encana Corporation]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=91524</guid>
		<description><![CDATA[Chinese energy giant PetroChina Co. Ltd. (PTR) inked an asset acquisition deal with Royal Dutch Shell plc (RDSA). Per the agreement, PetroChina purchased 20% stake in a Canadian shale gas project – Groundbirch – from Shell. However, neither of the companies disclosed the financial terms of the deal. Located in northeastern British Columbia, Shell owns 100% interest in the Groundbirch project that holds a production capacity of 1 billion cubic feet equivalents (bcfe) per day and has an estimated producing life of 40 years. Even after the deal, Shell will continue to act as the operator of the venture. While PetroChina will evaluate the export potential of the fuel in the form of liquefied natural gas to Asia, Groundbirch will continue to meet customer demands in North America. This acquisition ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/02/13/ptr-petrochina-buys-into-canadian-asset/91524/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BMY) Company News for January 04, 2012 &#8211; Corporate Summary</title>
		<link>http://www.stockbloghub.com/2012/01/08/bmy-company-news-for-january-04-2012-corporate-summary/89648</link>
		<comments>http://www.stockbloghub.com/2012/01/08/bmy-company-news-for-january-04-2012-corporate-summary/89648#comments</comments>
		<pubDate>Mon, 09 Jan 2012 04:48:12 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Drug Manufacturers - Major]]></category>
		<category><![CDATA[Healthcare]]></category>
		<category><![CDATA[BMY]]></category>
		<category><![CDATA[Bristol-Myers Squibb Company]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[Devon Energy Corporation]]></category>
		<category><![CDATA[DVN]]></category>
		<category><![CDATA[Mead Johnson Nutrition Company]]></category>
		<category><![CDATA[MGIC Investment Corporation]]></category>
		<category><![CDATA[MJN]]></category>
		<category><![CDATA[MTG]]></category>
		<category><![CDATA[Rambus Inc.]]></category>
		<category><![CDATA[RMBS]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[TEVA]]></category>
		<category><![CDATA[Teva Pharmaceutical Industries Limited]]></category>
		<category><![CDATA[United States Steel Corporation]]></category>
		<category><![CDATA[X]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=89648</guid>
		<description><![CDATA[•    Share prices of natural gas producer Devon Energy Corp (NYSE:DVN) gained 6.63% after the company announced it would sell a stake in five of its exploratory projects across the U.S., to Sinopec International Petroleum Exploration &#38; Production, a unit of China Petroleum &#38; Chemical (NYSE:SNP) for $2.2 billion •    Pediatric nutrition company Mead Johnson Nutrition Co.’s (NYSE:MJN) shares advanced 3.81% to close at $71.35 after U.S. health officials confirmed they hadn’t found deadly bacteria in cans of the company&#8217;s Enfamil baby formula •    Shares of technology-licensing company Rambus Inc. (NASDAQ:RMBS) increased 7.42% to close at $8.11 after the company raised its forecast for the fourth quarter •    Steel producer U.S. Steel Corp.’s (NYSE:X) shares rose 6.46% after a better U.S. manufacturing activity report, striking a six-month high during the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/01/08/bmy-company-news-for-january-04-2012-corporate-summary/89648/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SNP) China Petroleum and Chemical Boosts Aussie LNG Stake</title>
		<link>http://www.stockbloghub.com/2011/12/14/snp-china-petroleum-and-chemical-boosts-aussie-lng-stake/88587</link>
		<comments>http://www.stockbloghub.com/2011/12/14/snp-china-petroleum-and-chemical-boosts-aussie-lng-stake/88587#comments</comments>
		<pubDate>Wed, 14 Dec 2011 19:55:09 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Cheniere Energy Inc]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[COP]]></category>
		<category><![CDATA[LNG]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=88587</guid>
		<description><![CDATA[China Petroleum and Chemical Corporation (SNP), aka Sinopec has agreed to increase its stake in the Queensland-based Australia Pacific liquefied natural gas (LNG) project by 10%, taking its share to 25%. The multibillion Australia Pacific LNG project – formed by Origin Energy Ltd and ConocoPhillips (COP) in September 2008 – is targeted at developing the vast coal-seam gas resources in the Surat and Bowen basins of Australia over the next 30 years. This endeavor also involves the setting up of a transmission pipeline and a multi-train LNG facility on Curtis Island, near Gladstone. This stake purchase by Sinopec will lower ConocoPhillips and Origin&#8217;s holdings in the Australia Pacific LNG venture to 37.5% each from 42.5%. Per the terms of the non-binding deal signed by the three aforesaid companies in late ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/12/14/snp-china-petroleum-and-chemical-boosts-aussie-lng-stake/88587/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(GOOG) Is Google the New Goldman Sachs?</title>
		<link>http://www.stockbloghub.com/2011/09/01/goog-is-google-the-new-goldman-sachs/82189</link>
		<comments>http://www.stockbloghub.com/2011/09/01/goog-is-google-the-new-goldman-sachs/82189#comments</comments>
		<pubDate>Thu, 01 Sep 2011 17:37:59 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Internet Information Providers]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[Contango Oil & Gas Company]]></category>
		<category><![CDATA[DCI]]></category>
		<category><![CDATA[Donaldson Company Inc]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GOOG]]></category>
		<category><![CDATA[Google Inc.]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[MCF]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[SUBK]]></category>
		<category><![CDATA[Suffolk Bancorp]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=82189</guid>
		<description><![CDATA[by Garrett Baldwin, Investment U Executive Editor Monday, August 29, 2011 Last week, Google (Nasdaq: GOOG) agreed to pay nine figures for illegally showing ads of online pharmacies that operate outside of U.S. jurisdiction. Some of the pharmacies were selling counterfeit drugs from outside North America. Others were fake entities set up by the government to find cracks in Google’s ad systems. And cracks, they found… Still, what’s a $500 million fine when your market cap sits north of $167 billion? That’s what Google executives might think when they cut a check to the government this week. And it won’t be the first time they’ve forked big money over to regulators, either. The ad giant has paid millions to U.S. and European regulators over the past decade for a variety ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/09/01/goog-is-google-the-new-goldman-sachs/82189/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(SNP) China Petroleum and Chemical Corporation-Henan Win Chinese Blocks</title>
		<link>http://www.stockbloghub.com/2011/07/10/snp-china-petroleum-and-chemical-corporation-henan-win-chinese-blocks/78724</link>
		<comments>http://www.stockbloghub.com/2011/07/10/snp-china-petroleum-and-chemical-corporation-henan-win-chinese-blocks/78724#comments</comments>
		<pubDate>Sun, 10 Jul 2011 18:19:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[HES]]></category>
		<category><![CDATA[Hess Corporation]]></category>
		<category><![CDATA[Newfield Exploration Company]]></category>
		<category><![CDATA[NFX]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=78724</guid>
		<description><![CDATA[China Petroleum and Chemical Corporation, or Sinopec (SNP) and Henan Provincial Coal Seam Gas Development and Utilization Co. were awarded a shale gas block each by the Chinese government in its first auction of the unconventional gas resource. The auction was initiated last week, offering four blocks to six Chinese companies for the development of its potentially huge unconventional gas resource. Out of these, two blocks –– Nanchuan and Xiushan –– are near the southwestern city of Chongqing. However, bids for the other two blocks were cancelled as they were very few in number. Sinopec has been selected to explore the Nanchuan block, while Henan Coal Seam Gas has been contracted for the Xiushan block. With an area of 2,198 square kilometers (848 square miles), the Nanchuan block includes the ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(PBR) Petrobras and Partners Strike Oil</title>
		<link>http://www.stockbloghub.com/2011/06/29/pbr-petrobras-and-partners-strike-oil/77921</link>
		<comments>http://www.stockbloghub.com/2011/06/29/pbr-petrobras-and-partners-strike-oil/77921#comments</comments>
		<pubDate>Wed, 29 Jun 2011 20:44:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77921</guid>
		<description><![CDATA[Brazilian oil giant  Petroleo Brasileiro S.A. or Petrobras (PBR) announced the discovery of two levels of high-quality crude oil at a well in the country’s ultra deepwater pre-salt Campos Basin. Apart from Petrobras, which has a 30% interest in the 1-REPF-11A-RJS well (informally known as Gavea), Norwegian company  Statoil ASA (STO) holds a 35% stake. The remaining interest is controlled by operator Repsol Sinopec –– a partnership between Spain&#8217;s Repsol-YPF and China’s state controlled  China Petroleum &#38; Chemical Corporation or Sinopec (SNP). Located 120 miles off the coast of Rio de Janeiro state, Gavea was drilled to a water depth of 8,880 feet and reached a final depth of 22,460 feet. The consortium told Brazilian authorities about the presence of hydrocarbons traces in the first level of Gavea well in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/29/pbr-petrobras-and-partners-strike-oil/77921/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(VLO) Oil &amp; Gas Industry Outlook &#8211; May 2011 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2011/05/18/vlo-oil-gas-industry-outlook-may-2011-industry-outlook/74275</link>
		<comments>http://www.stockbloghub.com/2011/05/18/vlo-oil-gas-industry-outlook-may-2011-industry-outlook/74275#comments</comments>
		<pubDate>Wed, 18 May 2011 18:13:00 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Closed-End Fund - Debt]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Cabot Oil & Gas Corporation]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[COG]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[Tesoro Corporation]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>
		<category><![CDATA[Transocean Limited]]></category>
		<category><![CDATA[TSO]]></category>
		<category><![CDATA[Valero Energy Corporation]]></category>
		<category><![CDATA[VLO]]></category>
		<category><![CDATA[Weatherford International Limited]]></category>
		<category><![CDATA[WFT]]></category>
		<category><![CDATA[Williams Companies Inc.]]></category>
		<category><![CDATA[WMB]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=74275</guid>
		<description><![CDATA[OUTLOOK Crude Oil The improving economic scene –- both here in the U.S. as well as worldwide –- and the continued unrest in producing countries had been the main driver of the oil rally that saw the commodity zoom past the $110 per barrel level last month. However, apprehensions about soaring U.S. crude stocks – currently at their highest level in two years –- and worries that China’s tightening monetary policy in response to inflationary pressures may bring down its growth momentum, have been weighing on investor sentiment, weakening oil prices to less than $100 a barrel. But far too many factors weigh on oil prices – from OPEC decisions and geostrategic tensions to the value of the U.S. dollar and seasonal variables – to definitively size up each one ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SNP) China Petroleum and Chemical Corporation First Quarter Aided by Higher Prices</title>
		<link>http://www.stockbloghub.com/2011/05/07/snp-china-petroleum-and-chemical-corporation-first-quarter-aided-by-higher-prices/73253</link>
		<comments>http://www.stockbloghub.com/2011/05/07/snp-china-petroleum-and-chemical-corporation-first-quarter-aided-by-higher-prices/73253#comments</comments>
		<pubDate>Sun, 08 May 2011 01:41:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=73253</guid>
		<description><![CDATA[China Petroleum and Chemical Corporation (SNP), aka Sinopec, reported first quarter 2011 earnings per share of 0.236 yuan ($3.59 per ADS), up 26% year over year. Net income increased 25.2% from the prior-year level to 20.6 billion yuan (US$3.133 billion). The increase can be attributable to higher capacity, domestic economic growth, and most importantly increased prices for petroleum and related products. Operational Performance Sinopec’s crude oil production dropped almost 6% year over year to 10.98 million tones, while natural gas volumes surged 30% to 3.627 billion cubic meters. Temporary suspension of production for field maintenance resulted in the decline of crude oil volume. However, a sharp rise in crude oil and natural gas prices lifted the Exploration and Production (E&#38;P) segment’s operating profit 14.3% over the prior-year quarter to 13.143 ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(FTK) ValuEngine Weekly Newsletter April 8, 2011</title>
		<link>http://www.stockbloghub.com/2011/04/08/ftk-valuengine-weekly-newsletter-april-8-2011/71017</link>
		<comments>http://www.stockbloghub.com/2011/04/08/ftk-valuengine-weekly-newsletter-april-8-2011/71017#comments</comments>
		<pubDate>Fri, 08 Apr 2011 18:01:28 +0000</pubDate>
		<dc:creator>valuengine</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Specialty Chemicals]]></category>
		<category><![CDATA[AHD]]></category>
		<category><![CDATA[Atlas Pipeline Holdings LP]]></category>
		<category><![CDATA[BPZ]]></category>
		<category><![CDATA[BPZ Resources Inc]]></category>
		<category><![CDATA[Cheniere Energy Inc]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[Flotek Industries Inc]]></category>
		<category><![CDATA[FMC Technologies Inc.]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[ftk]]></category>
		<category><![CDATA[LDK]]></category>
		<category><![CDATA[LDK Solar CompanyLimited]]></category>
		<category><![CDATA[LNG]]></category>
		<category><![CDATA[Questar Corporation]]></category>
		<category><![CDATA[SandRidge Energy Inc]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SD]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[SNP]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=71017</guid>
		<description><![CDATA[VALUATION WATCH: Our models find that overvaluation is approaching critical levels. Overvalued stocks now make up almost 64% of our universe and 30% of the universe is calculated to be overvalued by 20% or more. All Sectors are calculated to be overvalued. What&#8217;s Hot&#8212;-Valuation Watch Continues ValuEngine Market Valuation Figures Creep Closer to Warning Level The ValuEngine Valuation Model tracks more than 5500 US equities, ADRs, and foreign stock which trade on US exchanges. The model calculates a level of mispricing or valuation percentage for each equity based on what the stock should be worth if the market were totally rational and efficient&#8211;an academic exercise to be sure, but one which allows for useful comparisons between equities, sectors, and industries. We track valuation figures and use them as a metric ]]></description>
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		<title>(COP) ConocoPhillips Announces Long-Term China Petrochemical Corporation Deal</title>
		<link>http://www.stockbloghub.com/2011/03/02/cop-conocophillips-announces-long-term-china-petrochemical-corporation-deal/67766</link>
		<comments>http://www.stockbloghub.com/2011/03/02/cop-conocophillips-announces-long-term-china-petrochemical-corporation-deal/67766#comments</comments>
		<pubDate>Thu, 03 Mar 2011 01:12:51 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[Cheniere Energy Inc]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[COP]]></category>
		<category><![CDATA[LNG]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=67766</guid>
		<description><![CDATA[Global integrated oil giant ConocoPhillips (COP), along with Origin Energy Ltd. entered into a long-term deal with China Petrochemical Corporation (SNP), or Sinopec, for the sale of a 15% stake in an Australian gas project. The financial terms of the deal were not disclosed by the companies. Under the non-binding key commercial terms of the Heads of Agreement, ConocoPhillips-Origin will also deliver liquefied natural gas (LNG) of about 4.3 million tons per annum (MTPA) for two decades to Sinopec. The stake sale will cut ConocoPhillips and Origin&#8217;s holdings in the Queensland-based Australia Pacific LNG venture to 42.5% each. Following the alliance with the Chinese oil major––Sinopec––the project is expected to take off in mid-2011 and supply its first cargo in 2015. The entry of Sinopec into the project will not ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(CEO) CNOOC&#8217;s to Acquire 50% Interest in China United Coal Bed Methane Company</title>
		<link>http://www.stockbloghub.com/2010/12/31/ceo-cnoocs-to-acquire-50-interest-in-china-united-coal-bed-methane-company/64293</link>
		<comments>http://www.stockbloghub.com/2010/12/31/ceo-cnoocs-to-acquire-50-interest-in-china-united-coal-bed-methane-company/64293#comments</comments>
		<pubDate>Fri, 31 Dec 2010 20:29:15 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Cambrex Corporation]]></category>
		<category><![CDATA[CBM]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Cheniere Energy Inc]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[LNG]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=64293</guid>
		<description><![CDATA[China National Offshore Oil Corporation (or CNOOC Group), the parent company of CNOOC Ltd. (CEO), is heading toward an agreement to acquire 50% interest in China United Coal Bed Methane Company Limited (“CUCMB”) for 1.2 billion yuan ($181.2 million). The move reflects the group’s endeavor to concentrate more on unconventional gas resources. CUCMB, which was a 50:50 joint venture company between China National Petroleum Corp. (“CNPC”) and China Coal, has 27 coal bed methane (CBM) gas blocks with proven reserves of around 50 billion cubic meters. Coal bed methane or coal bed gas is a form of natural gas extracted from coal beds. Total acreage possessed by CUCMB is around 20,151 square kilometers, including 14 blocks or 15,915 square kilometers under collaboration with foreign investors. In 2009, CNPC has departed ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(PTR) PetroChina Company Limited Announces Sale of Pipeline Stake</title>
		<link>http://www.stockbloghub.com/2010/12/28/ptr-petrochina-company-limited-announces-sale-of-pipeline-stake/63992</link>
		<comments>http://www.stockbloghub.com/2010/12/28/ptr-petrochina-company-limited-announces-sale-of-pipeline-stake/63992#comments</comments>
		<pubDate>Wed, 29 Dec 2010 04:46:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=63992</guid>
		<description><![CDATA[PetroChina Company Limited (PTR) is planning to sell its stake in a gas pipeline operator to its subsidiary Kunlun Energy Co. for approximately $2.9 billion. The decision has been taken by PetroChina to make fuel distribution the main business of Kunlun Energy. PetroChina acquired a majority stake of Kunlunin August 2008 to turn it into a gas distributor. PetroChina’s initiatives toward natural gas is notable as its natural gas business is a potentially lucrative growth area that is expected to witness strong growth in the coming years as China transits from coal to natural gas. At present, two-thirds of China&#8217;s electricity is generated by coal-fired power plants, which emit greenhouse gases that cause pollution. We believe that continued demand growth in China(expected to outperform developed countries in the next few ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(CEO) Profit As China Invests in Argentina</title>
		<link>http://www.stockbloghub.com/2010/12/20/ceo-profit-as-china-invests-in-argentina/62821</link>
		<comments>http://www.stockbloghub.com/2010/12/20/ceo-profit-as-china-invests-in-argentina/62821#comments</comments>
		<pubDate>Mon, 20 Dec 2010 20:25:26 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[Cresud Inc]]></category>
		<category><![CDATA[CRESY]]></category>
		<category><![CDATA[Occidental Petroleum Corporation]]></category>
		<category><![CDATA[OXY]]></category>
		<category><![CDATA[REP]]></category>
		<category><![CDATA[Repsol YPF SA]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[Tenaris SA]]></category>
		<category><![CDATA[Ternium S.A.]]></category>
		<category><![CDATA[TS]]></category>
		<category><![CDATA[TX]]></category>
		<category><![CDATA[YPF]]></category>
		<category><![CDATA[YPF S.A.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=62821</guid>
		<description><![CDATA[by Tony D’Altorio, Investment U Research Monday, December 20, 2010 China’s large appetite for commodities has it heading into South America. And Brazil and Argentina are getting the lion’s share of its interest. Chinese companies have spent over $15 billion just on energy deals alone Incorporatedluding: CNOOC ADR (NYSE: CEO), which paid $3.1 billion for a 50% stake in Argentina’s Bridas Energy in March. Sinochem Group, which paid $3 billion to Statoil ADR (NYSE: STO) for 40% of its Brazilian offshore field, Peregrino, in May. Sinopec ADR (NYSE: SNP), which made a $7.1 billion investment into the Brazilian subsidiary of Repsol YPF ADR (NYSE: REP) in October. CNOOC – again – which agreed to pay $7.06 billion for a 60% stake in Argentina’s Pan American Energy in November. Now, in ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(CVX) China Petroleum and Chemical Scores Offshore in Indonesia</title>
		<link>http://www.stockbloghub.com/2010/12/06/cvx-china-petroleum-and-chemical-scores-offshore-in-indonesia/61377</link>
		<comments>http://www.stockbloghub.com/2010/12/06/cvx-china-petroleum-and-chemical-scores-offshore-in-indonesia/61377#comments</comments>
		<pubDate>Tue, 07 Dec 2010 01:16:29 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=61377</guid>
		<description><![CDATA[China Petroleum and Chemical Corporation (SNP or Sinopec), one of the largest petroleum and petrochemical companies in Asia, has signed a deal with Chevron (CVX) to join the $6 billion-plus Gendalo-Gehem deepwater natural gas project off Indonesia&#8217;s East Kalimantan province. Sinopec will assume an 18% interest in the project, comprising Rapak, Ganal and Makassar Straitdeep-sea blocks. The deal follows CNOOC Ltd.’s (CEO) recent acquisition of Argentine assets from BP plc (BP) for $7.06 billion. Though the financial terms of the deal have not been revealed, it helps Sinopec to perk up its position. The company has been lagging its domestic peers PetroChina (PTR) and CNOOC in buying overseas gas assets. Low exposure in LNG receiving terminals may be one of the main reasons for its situation as Sinopec is primarily ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(LMNX) Luminex Earns FDA Approval for New Diagnostic Test</title>
		<link>http://www.stockbloghub.com/2010/11/18/lmnx-luminex-earns-fda-approval-for-new-diagnostic-test/59911</link>
		<comments>http://www.stockbloghub.com/2010/11/18/lmnx-luminex-earns-fda-approval-for-new-diagnostic-test/59911#comments</comments>
		<pubDate>Thu, 18 Nov 2010 19:00:39 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Healthcare]]></category>
		<category><![CDATA[AFFX]]></category>
		<category><![CDATA[Affymetrix Inc]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[LIFE]]></category>
		<category><![CDATA[Life Technologies Corporation]]></category>
		<category><![CDATA[LMNX]]></category>
		<category><![CDATA[Luminex Corporation]]></category>
		<category><![CDATA[Sequenom Inc]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[SQNM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=59911</guid>
		<description><![CDATA[Luminex Corporation (LMNX), a developer of biological testing technologies, has commenced the commercial launch of its first pharmacogenetic test following its recent approval by the U.S. Food and Drug Administration (FDA). Pharmacogenetics is the study of genetic factors that influence an individual&#8217;s response to drugs. The test, dubbed the xTAG CYP2D6 Kit, has been designed to bring in the personalized medicine approach by helping physicians to identify and manage patients for whom they may prescribe therapies which are metabolized by the cytochrome P450 2D6 (CYP2D6) enzyme. The xTAG CYP2D6 Kit will be marketed throughout the U.S. through Luminex Molecular Diagnostics (“LMD”), a unit of the company’s Assay segment. The CYP2D6 enzyme is involved in the metabolism of many prescription drugs. A segment of the population may carry a slow-acting or ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(PTR) New Kids on the Oil Block are China’s Oil Companies</title>
		<link>http://www.stockbloghub.com/2010/11/12/ptr-new-kids-on-the-oil-block-are-china%e2%80%99s-oil-companies/58793</link>
		<comments>http://www.stockbloghub.com/2010/11/12/ptr-new-kids-on-the-oil-block-are-china%e2%80%99s-oil-companies/58793#comments</comments>
		<pubDate>Fri, 12 Nov 2010 19:45:37 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[REP]]></category>
		<category><![CDATA[Repsol YPF SA]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=58793</guid>
		<description><![CDATA[by Tony D’Altorio, Investment U Research Wednesday, November 10, 2010 China’s quest for energy has become a hot topic in recent years. Its search for energy resources has changed the global energy landscape… perhaps forever. This year in particular, its national oil companies have gone into overdrive in expanding. According to energy consultancy Wood Mackenzie, Chinese companies have spent $24.6 billion on overseas oil and gas acquisitions so far this year, with $11.4 billion into Brazil’s offshore oil fields alone. Altogether, they make up a fifth of the larger industry’s deal making in 2010. Yet less than two years ago, China’s national oil companies accounted for a mere 4% of mergers and acquisitions in the sector. Clearly, much has changed since then. Luke Parker, manager of Wood Mackenzie’s merger &#38; ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(SNP) Sinopec, CNOOC Step up for Brazilian Oil and Gas Companies Bid</title>
		<link>http://www.stockbloghub.com/2010/09/14/snp-sinopec-cnooc-step-up-for-brazilian-oil-and-gas-companies-bid/51377</link>
		<comments>http://www.stockbloghub.com/2010/09/14/snp-sinopec-cnooc-step-up-for-brazilian-oil-and-gas-companies-bid/51377#comments</comments>
		<pubDate>Tue, 14 Sep 2010 13:21:15 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=51377</guid>
		<description><![CDATA[China’s initiative to acquire overseas properties seems likely to continue with the recent bidding process for stakes in assets owned by the Brazilian oil and gas companies OGX SA. Sinopec (SNP) and CNOOC Ltd. (CEO)  were likely to launch a joint bid for this $7 billion deal, as per news published in Reuters. After a series of hydrocarbon finds in recent months, OGX, a part of Brazil’s EBX industrial conglomerate, is now conducting exploration activity in 29 blocks in Brazil and is mostly focused on shallow water exploration. Apart from the above mentioned Chinese companies, other potential bidders include Chevron Corp. (CVX), Statoil ASA (STO) and ExxonMobil Corp. (XOM). The OGX deal is another potential step toward the country’s international expansion. China has become the biggest foreign direct investor in ]]></description>
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		<title>(SUN) Double-Dip Means Double Trouble for U.S. Refiners &#8211; Play the Gasoline Boom $$</title>
		<link>http://www.stockbloghub.com/2010/08/29/sun-double-dip-means-double-trouble-for-u-s-refiners-play-the-gasoline-boom/49571</link>
		<comments>http://www.stockbloghub.com/2010/08/29/sun-double-dip-means-double-trouble-for-u-s-refiners-play-the-gasoline-boom/49571#comments</comments>
		<pubDate>Sun, 29 Aug 2010 16:10:54 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Refining & Marketing]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[Frontier Oil Corporation]]></category>
		<category><![CDATA[FTO]]></category>
		<category><![CDATA[HOC]]></category>
		<category><![CDATA[Holly Corporation]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[SUN]]></category>
		<category><![CDATA[Sunoco Inc.]]></category>
		<category><![CDATA[Tesoro Corporation]]></category>
		<category><![CDATA[TSO]]></category>
		<category><![CDATA[Valero Energy Corporation]]></category>
		<category><![CDATA[VLO]]></category>
		<category><![CDATA[Western Refining Inc.]]></category>
		<category><![CDATA[WNR]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=49571</guid>
		<description><![CDATA[by David Fessler, Energy and Infrastructure Expert Friday, August 27, 2010: Issue #1333 Despite boasting just 5% of the global population, the United States goes through 25% of the world’s oil every year. That startling statistic is no secret – and it’s entirely understandable. After all, much of it relates to Americans’ love affair with their automobiles – one that dates back well over 100 years. And our gas-dependent ways have only increased over the past 15 years or so with the increasing popularity of large, powerful cars, SUVs and trucks. But the recession hit the auto industry hard. Truck and SUV-loving consumers drifted away from dealerships in droves. And the recession has dragged gasoline prices down, too. Today, U.S. gasoline usage is still languishing and prices are trending lower. ]]></description>
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		<title>(CEO) CNOOC 2010 First Half Earnings Report is Robust</title>
		<link>http://www.stockbloghub.com/2010/08/21/ceo-cnooc-2010-first-half-earnings-report-is-robust/48708</link>
		<comments>http://www.stockbloghub.com/2010/08/21/ceo-cnooc-2010-first-half-earnings-report-is-robust/48708#comments</comments>
		<pubDate>Sun, 22 Aug 2010 02:13:42 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BlackRock Global Opportunities Equity Trust]]></category>
		<category><![CDATA[BOE]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=48708</guid>
		<description><![CDATA[CNOOC Ltd. (CEO) reported its first-half 2010 results. Net profit in the period increased 109.6% year over year to 25.99 billion yuan ($3.8 billion).Earnings per share were 58 yuan per ADR ($8.5). Total revenue in the period was 83.16 billion yuan ($12.2 billion), up 104.6% from the year-earlier level. Oil and gas sales were 67.64 billionyuan ($9.9 billion), up 108%. The robust results were driven by solid production growth and strong oil price realizations. The realized crude oil price in the first half was $76.59 per barrel, up 55.2% year over year. Based on these results and a sound financial position, the company&#8217;s board has decided to pay an interim dividend of $2.7 per ADR. CNOOC’s results have set the stage for its domestic peers such as ChinaPetroleum &#38; Chemical ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(PTR) PetroChina Continues Overseas Investment in Properties</title>
		<link>http://www.stockbloghub.com/2010/05/24/ptr-petrochina-continues-overseas-investment-in-properties/38124</link>
		<comments>http://www.stockbloghub.com/2010/05/24/ptr-petrochina-continues-overseas-investment-in-properties/38124#comments</comments>
		<pubDate>Mon, 24 May 2010 20:55:02 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=38124</guid>
		<description><![CDATA[China’s initiative of acquisition of overseas properties seems likely to continue with the recent announcement of PetroChina Co. Ltd. (PTR) to invest $60 billion to increase its overseas oil and gas production to 4 million barrels per day. This is in line with the overseas investment decisions taken by its peers like CNOOC Ltd. (CEO) and Sinopec (SNP). Though PetroChina did not mention any time schedule for making this investment, it hinted that it will purchase most of its parent’s (China National Petroleum) overseas assets in the years to come. In addition, the company will build a refinery in Syria and plans to bring online an oilfield in Iran this year. China’s impressive economic growth has significantly increased its demand for oil, natural gas and chemicals. This growth momentum presents ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/05/24/ptr-petrochina-continues-overseas-investment-in-properties/38124/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(COP) ConocoPhillips Sells Syncrude Stake to Sinopec</title>
		<link>http://www.stockbloghub.com/2010/04/13/cop-conocophillips-sells-syncrude-stake-to-sinopec/33611</link>
		<comments>http://www.stockbloghub.com/2010/04/13/cop-conocophillips-sells-syncrude-stake-to-sinopec/33611#comments</comments>
		<pubDate>Tue, 13 Apr 2010 21:45:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[COP]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=33611</guid>
		<description><![CDATA[ConocoPhillips (COP) has entered into a definitive agreement with Sinopec (SNP) to sell its 9.03% interest in the Canadian Syncrude operations for $4.65 billion. The deal is subject to both Canadian and Chinese government approvals and is expected to be closed in the third quarter. The announcement of its plans had come at its annual analyst meeting in New York late last month. The company had said that it will sell approximately $10 billion of assets in 2010 and 2011 Incorporatedluding its interest in Syncrude. Apart from the interest in Syncrude, Conoco also intends to sell its interest in Rex Pipeline, 10% of its Lower 48 and Western Canada portfolio and its remaining U.S. marketing assets. The sale of exploration and production (E&#38;P) assets will have a negative impact on ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/13/cop-conocophillips-sells-syncrude-stake-to-sinopec/33611/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(SHI) Sinopec Shanghai Petrochemical Company Analyst Maintains Neutral</title>
		<link>http://www.stockbloghub.com/2010/04/07/shi-sinopec-shanghai-petrochemical-company-analyst-maintains-neutral/33076</link>
		<comments>http://www.stockbloghub.com/2010/04/07/shi-sinopec-shanghai-petrochemical-company-analyst-maintains-neutral/33076#comments</comments>
		<pubDate>Wed, 07 Apr 2010 22:49:51 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Synthetics]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[SHI]]></category>
		<category><![CDATA[Sinopec Shanghai Petrochemical Company Limited]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=33076</guid>
		<description><![CDATA[We are maintaining our Neutral recommendation on Sinopec Shanghai Petrochemical Company Limited (SHI) with a target price of $42. Sinopec Shanghai, one of China’s largest petrochemical companies, is poised to benefit from the country’s continuous demand growth and its strategic positioning in a fast growing economy. We also like Sinopec Shanghai’s unique vertically integrated business model, whereby the company can use its intermediate petrochemicals in manufacturing downstream products. Additionally, we expect the company to benefit from the improvement in the petrochemical market by way of demand stability. However, we are concerned by the challenging overall environment for refining margins and volumes. Weak demand for refined products in the global downturn and increased capacity has squeezed margins throughout the industry. The rising crude oil prices also negatively impacted the company’s margins ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/07/shi-sinopec-shanghai-petrochemical-company-analyst-maintains-neutral/33076/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SNP) Sinopec Strengthens Exploration and Production Exposure</title>
		<link>http://www.stockbloghub.com/2010/03/30/snp-sinopec-strengthens-exploration-and-production-exposure/32331</link>
		<comments>http://www.stockbloghub.com/2010/03/30/snp-sinopec-strengthens-exploration-and-production-exposure/32331#comments</comments>
		<pubDate>Tue, 30 Mar 2010 16:52:13 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=32331</guid>
		<description><![CDATA[To boost its exploration and production (E&#38;P) exposure, China’s largest refiner and marketer of refined petroleum products, China Petroleum and Chemical Corporation (SNP), or Sinopec, is acquiring deepwater oil assets in Angola. Sinopec is buying these assets by purchasing a 55% stake in Sonangol Sinopec International Ltd (“SSI&#8221;) from its parent – China Petrochemical Corporation – for $2.46 billion. Sinopec said that the acquisition is subject to shareholders’ approval and will be funded by internal resources and loans. The assets are located in Angola Block 18, which possesses solid exploration potential. SSI has a 50% participation interest in this block, which is segregated into east and west zones. While the west zone is currently at the developmental stage, the east zone has been operational since late 2007, with a daily ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/30/snp-sinopec-strengthens-exploration-and-production-exposure/32331/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SNP) China Petroleum and Chemical&#8217;s 2009 Net Doubles</title>
		<link>http://www.stockbloghub.com/2010/03/29/snp-china-petroleum-and-chemicals-2009-net-doubles/32197</link>
		<comments>http://www.stockbloghub.com/2010/03/29/snp-china-petroleum-and-chemicals-2009-net-doubles/32197#comments</comments>
		<pubDate>Mon, 29 Mar 2010 20:26:56 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=32197</guid>
		<description><![CDATA[Today, China Petroleum and Chemical Corporation (SNP), aka Sinopec, reported its annual results for year ended December 31, 2009. Earnings per ADS in 2009 were $10.38, compared to the Zacks Consensus Estimate of $10.76 and 2008’s earnings of $4.17. Net income for the period increased approximately 117% from the 2008 level to RMB 61.8 billion ($9.1 billion). The positive results reflect a steady growth in oil and gas volumes and profit from the refining business. While Sinopec’s yearly results came in below our expectations, the company has declared a dividend of $2.64 per ADS in 2009. Sinopec’s results set the stage for CNOOC Ltd. (CEO), which is scheduled to report its annual results tomorrow. Estimate Revisions Trend Given the rebounding of oil products demand on the back of a recovery ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/29/snp-china-petroleum-and-chemicals-2009-net-doubles/32197/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SNP) Sinopec and BP plc Are In Talks For Shale Gas</title>
		<link>http://www.stockbloghub.com/2010/01/19/snp-sinopec-and-bp-are-in-talks-for-shale-gas/25292</link>
		<comments>http://www.stockbloghub.com/2010/01/19/snp-sinopec-and-bp-are-in-talks-for-shale-gas/25292#comments</comments>
		<pubDate>Tue, 19 Jan 2010 23:34:04 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=25292</guid>
		<description><![CDATA[Sinopec (SNP), the Chinese oil giant, is in talks over a possible collaboration with BP plc (BP) in shale gas development. This discussion follows the finalization of a deal between Royal Dutch Shell (RDSA) and PetroChina (PTR) during last November to jointly develop shale gas resources in southwest China. For this project, Sinopec has charted a total of 3,000 square kilometers Incorporatedluding 2,000 square kilometers in southwestern China and 1,000 square kilometers in eastern China. To tap these resources, China is seeking foreign expertise. For shale gas development, a huge amount of water along with chemicals is needed to be pumped into the ground at high pressure to break up the rock. Following the accomplishment of two deals with Chesapeake Energy (CHK) in 2008, BP has been gaining expertise in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/19/snp-sinopec-and-bp-are-in-talks-for-shale-gas/25292/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(PTR) PetroChina Company&#8217;s Canadian Project Earns Government OK</title>
		<link>http://www.stockbloghub.com/2009/12/30/ptr-petrochina-companys-canadian-project-earns-government-ok/23921</link>
		<comments>http://www.stockbloghub.com/2009/12/30/ptr-petrochina-companys-canadian-project-earns-government-ok/23921#comments</comments>
		<pubDate>Wed, 30 Dec 2009 21:31:31 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23921</guid>
		<description><![CDATA[PetroChina Company Ltd. (PTR), the largest integrated oil company in China, gained approval from the Canadian government to acquire a majority stake in two oil sands projects in western Canada for C$1.9 billion ($1.8 billion). The decision is subject to commitments by PetroChina on spending and investment, as well as job creation. As per the terms of the agreement with Athabasca Oil Sands Corp. (a privately held Calgary-based group) announced in August, the Chinese energy giant will purchase a 60% working interest in the Canadian company’s proposed MacKay River and the Dover ventures in northern Alberta. The deal is currently the largest venture by China in Canadian oil sands. According to an independent third party evaluation, the oil sands that PetroChina plans to exploit are estimated to contain as many ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/30/ptr-petrochina-companys-canadian-project-earns-government-ok/23921/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SNP) Chinese Refiners May Face Challenges</title>
		<link>http://www.stockbloghub.com/2009/12/27/snp-chinese-refiners-may-face-challenges/23600</link>
		<comments>http://www.stockbloghub.com/2009/12/27/snp-chinese-refiners-may-face-challenges/23600#comments</comments>
		<pubDate>Sun, 27 Dec 2009 23:17:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23600</guid>
		<description><![CDATA[With a significant pace of expansion in processing capacity, Asia’s largest refiner, China Petroleum and Chemical Corporation or Sinopec (SNP) believes that the macro environment will be challenging in the next year. With increasing crude oil prices, fuel demand growth lags behind growing processing capacity. Once the new refining facilities come on-stream and independent plants increase output, the domestic refined products market will be oversupplied. China processed a record volume of crude in the last month. Refiners are expanding refining capacity to meet industrial demand encouraged by the government’s economic stimulus and to benefit from a fuel-pricing system introduced last year that ensures a profit. Under the new system, the government may adjust fuel prices when crude oil costs change more than 4% over 22 consecutive working days. China last ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/27/snp-chinese-refiners-may-face-challenges/23600/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MRO) Marathon Oil to Offload Angola Offshore Stake</title>
		<link>http://www.stockbloghub.com/2009/12/14/mro-marathon-oil-to-offload-angola-offshore-stake/22763</link>
		<comments>http://www.stockbloghub.com/2009/12/14/mro-marathon-oil-to-offload-angola-offshore-stake/22763#comments</comments>
		<pubDate>Tue, 15 Dec 2009 01:05:15 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Refining & Marketing]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[Marathon Oil Corporation]]></category>
		<category><![CDATA[MRO]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22763</guid>
		<description><![CDATA[Integrated energy major Marathon Oil Corp. (MRO) announced the sale of its 20% interest in a block offshore Angola for $1.3 billion. In this regard, Marathon has reached an agreement with a unit of Angola’s state-owned oil company, Sociedad Nacional De Combustiveis De Angola (SONANGOL). The transaction, which is expected to close in January 2010, will see Marathon’s stake in the Angola Block 32 come down to 10% (from the current 30%). On the other hand, SONANGOL, already one of the operators of Block 32 with 20% interest, will double its share to 40%. Other partners in the block include Total SA (TOT) of France with a 30% operated interest, a unit of ExxonMobil Corp. (XOM) with 15%, and state-owned Petroleos de Portugal with 5%. SONANGOL’s move comes after Marathon’s ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/14/mro-marathon-oil-to-offload-angola-offshore-stake/22763/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SNP) China Petroleum &amp; Chemical Company Inks Gas Deal with Exxon</title>
		<link>http://www.stockbloghub.com/2009/12/04/snp-china-petroleum-chemical-company-inks-gas-deal-with-exxon/22059</link>
		<comments>http://www.stockbloghub.com/2009/12/04/snp-china-petroleum-chemical-company-inks-gas-deal-with-exxon/22059#comments</comments>
		<pubDate>Sat, 05 Dec 2009 01:13:07 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Cheniere Energy Inc]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[LNG]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22059</guid>
		<description><![CDATA[The China Petroleum &#38; Chemical Company, or Sinopec (SNP) has signed a 20-year agreement with ExxonMobil Corporation (XOM) to buy liquefied natural gas (LNG) from the Papua New Guinea project. Papua New Guinea is an integrated natural gas project that covers the exploration, treatment and delivery via onshore and offshore pipelines as well as liquefaction plants. ExxonMobil owns 41.5% of the PNG project, while Oil Search Ltd., Santos Ltd. and Nippon Oil Company hold 34%, 17.7% and 5.4%, respectively. Under the terms of the agreement, Exxon will annually provide 2 million metric tons of LNG for 20 years to Sinopec&#8217;s natural gas receiving terminal in the Qingdao Port of Shandong province in East China, which is currently under construction. The gas-receiving terminal, aimed at satisfying the increasing natural gas demand ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(CEO) Oil &amp; Gas Industry &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2009/11/07/eia-oil-gas-industry-industry-outlook/19831</link>
		<comments>http://www.stockbloghub.com/2009/11/07/eia-oil-gas-industry-industry-outlook/19831#comments</comments>
		<pubDate>Sun, 08 Nov 2009 00:29:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporation]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[SGY]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[Smith International Inc.]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[Stone Energy Corporation]]></category>
		<category><![CDATA[Valero Energy Corporation]]></category>
		<category><![CDATA[VLO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=19831</guid>
		<description><![CDATA[OUTLOOK The improving economic scene, both here in the U.S. as well as worldwide, is the main driver of the current oil rally that has seen the commodity settling around the $80 per barrel level. But high levels of product inventories (particularly gasoline), along with still higher supplies, will limit any sustained crude gains, in our view. But way too many factors weigh on oil prices, from OPEC decisions and geostrategic tensions to the value of the U.S. dollar and seasonal variables, to definitively size up each one of them for their respective impact on prices. In its latest release, the Energy Information Administration [EIA] reported a less-than-anticipated increase in crude stockpiles, which rose by 800,000 barrels for the week ending October 23. However, current crude oil stocks, at 339.9 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/11/07/eia-oil-gas-industry-industry-outlook/19831/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SNP) Sinopec&#8217;s New Pipeline Operational</title>
		<link>http://www.stockbloghub.com/2009/09/15/snp-sinopecs-new-pipeline-operational/15173</link>
		<comments>http://www.stockbloghub.com/2009/09/15/snp-sinopecs-new-pipeline-operational/15173#comments</comments>
		<pubDate>Tue, 15 Sep 2009 17:26:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15173</guid>
		<description><![CDATA[China’s largest refiner and marketer of refined petroleum products – China Petroleum and Chemical Corp. (SNP), also known as Sinopec – recently announced that it has started the operation of a pipeline in southwestern China. It is a 323-kilometer oil products pipeline, which will ease local oil products supplies and also strengthen Sinopec&#8217;s presence in the region. The pipeline has a designated capacity to transport 2.9 million tons of oil a year and is expected to reduce the company’s costs in supplying fuel in the region. It runs within the Yunnan province, from Kunming (the capital city of the province) to Dali city. The Yunnan province has traditionally been in Sinopec’s radar. While we view this operational achievement as a positive for the company, we are also concerned about the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/15/snp-sinopecs-new-pipeline-operational/15173/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>($SNP) China Boosts Gas and Diesel Prices</title>
		<link>http://www.stockbloghub.com/2009/09/02/snp-china-boosts-gas-and-diesel-prices/14276</link>
		<comments>http://www.stockbloghub.com/2009/09/02/snp-china-boosts-gas-and-diesel-prices/14276#comments</comments>
		<pubDate>Thu, 03 Sep 2009 01:23:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14276</guid>
		<description><![CDATA[The National Development and Reform Commission of China said that the government will increase both gasoline and diesel prices, effective today. Both the prices will increase by 300 yuan ($43.98) a metric ton, representing approximately 4%–5% over current average gasoline and diesel retail ceiling benchmarks of yuan 7,310 ($1,072) and yuan 6,570 ($963) a ton. This is the sixth fuel price adjustment made this year after the government brought the new fuel pricing system which links domestic rates with the international crude oil price changes. The Chinese government’s initiative to raise the ceiling on refined product prices is a welcome development for refiners. Refiners in China had been witnessing a weakness in refining margins due to an increase in crude prices and the government’s conservative role in refined product (particularly ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/02/snp-china-boosts-gas-and-diesel-prices/14276/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PTR) PetroChina Grabs Majority Stake in Two Canadian Oil Sands Projects</title>
		<link>http://www.stockbloghub.com/2009/09/01/ptr-petrochina-grabs-majority-stake-in-two-canadian-oil-sands-projects/14099</link>
		<comments>http://www.stockbloghub.com/2009/09/01/ptr-petrochina-grabs-majority-stake-in-two-canadian-oil-sands-projects/14099#comments</comments>
		<pubDate>Tue, 01 Sep 2009 21:14:34 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[Cnooc Ltd]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14099</guid>
		<description><![CDATA[Yesterday, PetroChina Company Ltd. (PTR), the largest integrated oil company in China, agreed to pay C$1.9 billion ($1.7 billion) to acquire a majority stake in two oil sands projects in western Canada. As per the terms of the agreement with Athabasca Oil Sands Corp. (a privately held Calgary-based group), the Chinese energy giant will purchase a 60% working interest in the Canadian company’s proposed MacKay River and the Dover ventures in northern Alberta. The deal, which awaits certain regulatory approvals, is currently the largest venture by China in Canadian oil sands. According to an independent third party evaluation, the oil sands that PetroChina plans to exploit are estimated to contain as many as five billion barrels of reserves, about half of Athabasca’s total recoverable resources. Peak production from the two ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(CEO) CNOOC Maintains its Outperform Rating</title>
		<link>http://www.stockbloghub.com/2009/08/26/ceo-cnooc-maintains-its-outperform-rating/13489</link>
		<comments>http://www.stockbloghub.com/2009/08/26/ceo-cnooc-maintains-its-outperform-rating/13489#comments</comments>
		<pubDate>Wed, 26 Aug 2009 20:59:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[Cnooc Ltd]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13489</guid>
		<description><![CDATA[Earlier today, CNOOC Ltd. (CEO) reported results for the six months ended June 30. Net income for the period was 12.4 billion yuan ($1.82 billion), down 55% from 27.54 billion yuan ($3.9 billion) a year earlier. The steep fall in net income was primarily due to significantly lower oil prices despite excellent production performance. The average realized oil and gas prices for the period were $49.35 per barrel and $3.90 per thousand cubic feet, respectively. During the first half, the company’s crude oil and natural gas production reached 87.3 million barrels and 106.3 billion cubic feet, respectively. Total net oil and gas production reached 105.8 million barrels-of-oil-equivalent (BOE), up 15.2% year over year. Net oil and gas production from overseas reached 15.0 million BOE, up 38.9% year over year. CEO’s ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/26/ceo-cnooc-maintains-its-outperform-rating/13489/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SNP) Sinopec Reports Steady Growth in Oil and Gas Volumes</title>
		<link>http://www.stockbloghub.com/2009/08/24/snp-sinopec-reports-steady-growth-in-oil-and-gas-volumes/13199</link>
		<comments>http://www.stockbloghub.com/2009/08/24/snp-sinopec-reports-steady-growth-in-oil-and-gas-volumes/13199#comments</comments>
		<pubDate>Mon, 24 Aug 2009 21:21:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13199</guid>
		<description><![CDATA[Sinopec (SNP) recently reported results for the six months ended June 30. Net income for the period increased significantly from the year-earlier level to RMB 33.2 billion ($4.87 billion). The positive results reflect a steady growth in oil and gas volumes and profit from the refining business. Sinopec’s crude oil production during the period rose nearly 1.2% year over year, while natural gas volumes dropped 1.1% from the year-earlier period. The company’s refining business recorded crude oil processing volumes of 86.9 million tons (a 1.8% year over year increase) and production output of refined oil products of 54.0 million tons (a 3.5% increase from the year-ago quarter). Marketing and Distribution segment’s sales and retail volume of refined oil products decreased 8.4% and 12.8% year over year, respectively. The company’s Chemicals ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SNP) Mixed Bag for Chinese Oil Majors</title>
		<link>http://www.stockbloghub.com/2009/08/20/snp-mixed-bag-for-chinese-oil-majors/12932</link>
		<comments>http://www.stockbloghub.com/2009/08/20/snp-mixed-bag-for-chinese-oil-majors/12932#comments</comments>
		<pubDate>Thu, 20 Aug 2009 18:29:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12932</guid>
		<description><![CDATA[Prominent Chinese refiners Sinopec (SNP) and PetroChina Company Ltd. (PTR) are set to release solid quarterly earnings on the back of an increase in fuel prices. China raised gasoline and diesel prices twice in June in order to track international crude prices. The increase in fuel prices gives refiners a guaranteed profit margin if crude price stays below $80 a barrel. Global demand is unlikely to push prices of crude above $80 a barrel this year, so the refiners&#8217; margins are assured. Refiners had been witnessing a weakness in margins due to an increase in crude prices and the government&#8217;s conservative role in the pricing of refined products, particularly gasoline and diesel. The government caps the prices of refined products to control inflation. These price regulations – which did not ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SNP) Sinopec Wraps Up Addax Deal</title>
		<link>http://www.stockbloghub.com/2009/08/19/snp-sinopec-wraps-up-addax-deal/12671</link>
		<comments>http://www.stockbloghub.com/2009/08/19/snp-sinopec-wraps-up-addax-deal/12671#comments</comments>
		<pubDate>Wed, 19 Aug 2009 22:35:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12671</guid>
		<description><![CDATA[Earlier today, China’s state-controlled petroleum refiner China Petroleum and Chemical Corp. – also known as Sinopec (SNP) – completed its previously announced acquisition of Geneva-based oil and gas explorer Addax Petroleum for $7.5 billion in China’s largest overseas takeover. Per the deal terms, Addax shareholders received $47.80 in cash for each share they owned. The strategic rationale of the deal seems compelling for Sinopec as the Chinese refining giant would gain access to Addax’s substantial reserves off the coast of West Africa and in Iraq. Addax, with 538 million barrels in proved and probable reserves and average production of about 135,000 barrels a day, is one of the largest independent oil producers in West Africa and the Middle East, with oil fields in Nigeria and the autonomous Kurdish region of ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SNP) China Petroleum &amp; Chemical Corp. &#8211; Momentum &#8211; Zacks Rank Buy</title>
		<link>http://www.stockbloghub.com/2009/05/28/china-petroleum-chemical-corp-momentum-zacks-rank-buy/7530</link>
		<comments>http://www.stockbloghub.com/2009/05/28/china-petroleum-chemical-corp-momentum-zacks-rank-buy/7530#comments</comments>
		<pubDate>Thu, 28 May 2009 22:11:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=7530</guid>
		<description><![CDATA[China Petroleum &#38; Chemical Corp.&#8217;s (SNP) share price is on the rise as crude trends higher and breaks the $60 mark. Company Description China Petroleum &#38; Chemical Corp., through its subsidiaries, operates as an integrated oil, gas and chemical company in Hong Kong and China. The company was founded in 2000, is headquartered in Beijing and has a market cap of $72 billion. Crude On the Move With crude back on the upswing in the last few months, energy companies are once against moving into the spotlight Incorporatedluding China Petroleum &#38; Chemical Corp., also known as Sinopec. The company&#8217;s first-quarter results, reported on Apr 28, were solid. First-Quarter Results The company&#8217;s net profit was up 85% from last year, totaling $1.6 billion, on higher oil prices and lower production costs. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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