China
News
October 19, 2017
Chinese regulators warned that the nation may face a “harsh” supply situation this winter if natural gas supplies can’t keep up with its booming demand.
News
October 18, 2017
China is in a “golden age” for natural gas that will make it the world’s biggest user of the fuel sometime between 2040 and 2050, according to analysts at Sanford C. Bernstein & Co.
News
October 05, 2017
Vitaly Markelov, deputy chairman of the Gazprom Management Committee, Huang Weihe, vice president of PetroChina (under a power of attorney on behalf of CNPC), and Daniyar Berlibayev, executive vice president for transportation, processing and marketing of KazMunayGas, today signed a Memorandum of Understanding at the 7th St. Petersburg International Gas Forum.
News
September 25, 2017
China slapped fresh sanctions on North Korea, curbing some oil product exports to the country, after U.S. President Donald Trump ordered new sanctions this week.
News
September 20, 2017
Green Dragon Gas Ltd. has announced that it has finalized a memorandum of understanding (MOU) on five production sharing contracts (PSC) and two supplementary agreements with China United Coalbed Methane Corporation (CUCBM).
News
September 14, 2017
Wood Group has been awarded a new contract by China National Offshore Oil Corporation (CNOOC) to support their Lingshui 17-2 gas development in the Qiongdongnan basin of the South China Sea.
News
September 13, 2017
China National Petroleum Corporation (CNPC) and Eni signed cooperation agreement in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals.
News
September 12, 2017
OPEC raised estimates for the amount of crude it will need to supply next year amid a stronger outlook for global oil demand.
News
September 12, 2017
New United Nations sanctions on North Korea will cut imports of fuels such as gasoline and diesel by almost 56% while capping shipments of crude at current levels, according to the U.S.
News
September 11, 2017
The prospect of China banning fossil fuel-powered vehicles is failing to alarm investors in the oil producers likely to lose out.
News
September 11, 2017
A closely-held Chinese oil company agreed to buy a minority stake in Rosneft PJSC for about $9 billion, deepening energy and political ties with Russia amid increasing tensions with the U.S.
News
September 08, 2017
The global glut plaguing liquefied natural gas markets may start to dwindle in five years, threatening to spur a deficit equivalent to twice the output of leading producer Qatar.
News
September 05, 2017
CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with SK Innovation Co., Ltd. (SK) for Block 17/08 in the South China Sea.
News
September 05, 2017
President Donald Trump’s rhetoric about imposing widespread sanctions on China for propping up North Korea’s economy may put pressure on some of its banks and oil companies.
News
September 04, 2017
Even before North Korea detonated its most powerful nuclear bomb yet, Japan was calling for moves to cut off its oil supply.
News
September 01, 2017
State-owned conglomerate China Merchants Group is exploring acquisitions of offshore rig operators, which have struggled to recover from a collapse in oil-industry spending, people with knowledge of the matter said.
News
August 15, 2017
The Philippines is considering potential ways to jointly develop oil and gas resources with China in a disputed part of the South China Sea, according to Foreign Affairs Secretary Alan Peter Cayetano.
News
July 25, 2017
China's foreign minister on Tuesday said he supported the idea of joint energy ventures with the Philippines in the disputed South China Sea, warning that unilateral action could cause problems and damage both sides.
News
July 19, 2017
Beijing on Wednesday issued a draft of new regulations for China's growing oil and fuel storage industry, helping loosen the state-owned oil majors' grip on the sector as the nation pushes to reform its vast energy markets.
News
July 11, 2017
China has opened more than 6,000 trading accounts for its long-awaited crude futures contract - with three-quarters coming from individual traders - as it pushes ahead with plans to compete with global pricing benchmarks.
News
June 29, 2017
Russia's largest oil producer Rosneft said on Thursday it was targeting China's gas market after completing a $1.1-billion deal to sell 20% of its subsidiary Verkhnechyonskneftegaz (VChNG) to Beijing Gas.
