U.S.-based Halliburton has signed an agreement with a Chinese company for hydraulic fracturing in the oilfields in the Xinjiang area of China.

In light of a new corruption probe among high-level Chinese government officials, a U.S.-based law firm says it is now investigating securities claims against PetroChina Company Ltd.

A wealthy Chinese man is claiming he suffered human rights violations caused by China Petroleum & Chemical Corporation Ltd.

American singer Jennifer Lopez has been criticized for participating in an event sponsored by the China National Petroleum Corporation held in Turkmenistan.

Fresh from receiving renewed expansion permission from China's State Oceanic Administration, ConocoPhillips has entered into a set of agreements with PetroChina Company Ltd. whereby PetroChina will acquire an interest in two Western Australia exploration assets and establish a Joint Study Agreement for unconventional resource development in the Sichuan Basin.

China's State Oceanic Administration granted ConocoPhillips permission to begin oil production after operations stopped following two oil spills in June 2011.

U.S.-based energy company ConocoPhillips announced a compensation deal in China to resolve issues related to the June 2011 incidents at the Peng Lai 19-3 field in Bohai Bay.