In February, the heads of China's three state-controlled oil and gas majors -- China National Petroleum Corp (CNPC), Sinopec and China National Offshore Oil Corp (CNOOC) -- met one of Russia's most influential players in the energy sector, Igor Sechin, chief executive of state-owned oil company Rosneft.
There, islands in the South China Sea, beneath which oil and gas are thought to lie, are subject to several disputes involving China and South-East Asian neighbours.
By 2030, the US will depend more on gas than on oil. while China is growing its use of natural gas from 130 billion cubic metres last year to 545 bcm in 2035.
China warned Washington this week not to get involved in South China Sea territorial disputes, loaded, of course, with oil and gas and have set China against the Philippines and Japan who both claim rights to the tiny energy rich islands in the sea.
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For sector watchers, Nomura likes China telecom service, oil and gas producers and healthcare.
In the so-called Night Dragon series, attackers apparently in China went after major oil and gas companies, not only in the U.S. but throughout the world.
China's foreign ministry blamed Vietnam for the incident, saying its oil and gas operations "undermined China's interests and jurisdictional rights".
China also has significant contracts for oil and gas development in Iran.
Ivanhoe Energy, run by former Occidental Petroleum executives, produces oil and gas in places like China and California.
Communist leaders see renewable energy as a way to both generate higher-paying technology jobs and curb China's surging demand for imported oil and gas.
China's largest offshore oil-and-gas producer Cnooc added 3.6% after its 2012 net profit fell 9.3% on-year to 63.69 billion yuan, due to rising operating costs and higher resource tax expenses.
Foreign trade is going to stop being a driver for countries like Russia with its European oil and gas burden, and China, with an angry U.S. and a weak Europe buying less Made in China goods.
The Times report describes a letter recently sent by a coalition of funds to the following foreign oil companies doing business in Iran: Royal Dutch Shell, Total of France, Repsol of Spain, Eni of Italy, Gazprom of Russia, the China National Petroleum Corporation, the Oil and Natural Gas Corporation of India and Inpex Corporation of Japan.
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The nation, which lies between China and India, has large reserves of oil, gas and other natural resources.
But U.S. pressure may have played a role in China slowing down the pace of investment in oil and gas projects.
But it also wants to safeguard its claim to what could be lucrative oil and gas reserves in the South China Sea, our correspondent says.
So too are fears that American interests would be damaged if China gained access to a limited amount of oil and gas reserves (Unocal is not even one the world's top 40 oil companies).
The group opposes legislation that would make it easier for workers to join unions and that would impose anti-dumping duties on China, and it favors drilling for oil and natural gas on the Outer Continental Shelf.
Sectarian violence between Myanmar's majority Buddhists and minority Muslims has spread to the country's northeast, with mob setting a Muslim orphanage, a mosque and homes ablaze in the town of Lashio, near a major oil-and-gas pipeline to China, witnesses and officials reported.
Much as it would abhor a nuclear-armed Iran, China does not want to jeopardise important supplies of oil and gas.
Vietnam and China, once steadfast allies against the U.S, are now feuding over Chinese territorial claims in the oil-and-gas-rich South China Sea.
China remains a laggard, and Russia remains an oil and gas play that is hard to invest in for retail US investors other than through mutual funds and the two Market Vectors Russia ETFs.
This is a hard move for China given that it has invested billions in Iranian oil and gas fields like Yadaravan and South Pars and billions more in refineries, while western companies have been forced to stay away.
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Recent moves by big oil and gas consumers such as India and China, keen to acquire the energy assets that they believe will ensure supplies for their booming economies, have further limited the opportunity for the oil majors to replenish reserves.
Sinopec plans to use the proceeds to acquire overseas oil and gas assets of its parent company, China Petrochemical Corp.
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China has also attempted to secure significant amounts of oil and natural gas from top U.S. suppliers Canada and Mexico.
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