China
News
January 20, 2017
Demand from some of the most coveted oil buyers may slow this year because they didn’t purchase all that they could in 2016.
News
January 19, 2017
Cnooc Ltd. plans to raise capital spending for the first time since crude began its crash in 2014 as China’s biggest offshore oil and gas producer prepares for life after the slump and a second year of falling output.
News
January 17, 2017
China National Offshore Oil Corporation Limited announced that the Enping 23-1 oilfield has commenced production. The new field, located in the Pearl River Mouth basin of the South China Sea, is in an average water depth of approximately 90 m.
News
January 17, 2017
OPEC’s campaign to prop up oil prices is getting unlikely support from its biggest customer.
News
January 11, 2017
Saudi Arabia was said to cut February crude sales to China and southern Asian nations, while largely sparing countries including Japan and South Korea, as it curbs supply as part of a deal between OPEC and other producers.
News
December 08, 2016
One of the biggest engines soaking up the world’s oil is starting to sputter.
News
December 06, 2016
Frigstad Deepwater Holding Ltd, a subsidiary of Frigstad Offshore Group, has decided to sell all of its shares in Frigstad Deepwater Ltd to a subsidiary of China International Maritime Containers Group (CIMC) with effect from Dec. 6, 2016.
News
November 14, 2016
Vallourec has announced that it has closed on the acquisition of a majority stake (50.61%) in the Chinese company, Anhui Tianda Oil Pipe Company Limited (TOP) and thereby increased its total stake to 70.07%.
News
October 31, 2016
China’s oil output slump shows no signs of abating as the country’s state-run energy giants hold back spending to cope with the crash in prices.
News
October 27, 2016
Cnooc Ltd., China’s biggest offshore oil and gas producer, posted a 15% fall in third-quarter sales as output declined with capital spending.
News
October 18, 2016
Saudi Arabia, which is marshaling a potential deal with global crude producers to limit output, is said to have lifted sales to the world’s second biggest oil consumer after cutting the pricing for its supply.
News
October 13, 2016
China’s crude imports rose to a record as a new strategic reserve site became operational and refineries prepare to process more oil. Net oil product exports also rose near a record.
News
October 10, 2016
Oil may need to rally further before China’s producers make enough money to reverse a drop in output to the lowest in more than six years.
News
September 21, 2016
CNOOC’s Enping 18-1 oil field, which lies in the Pearl River Mouth basin of the South China Sea and has an average water depth of approximately 90 m, has commenced production.
News
September 12, 2016
CNOOC’s Weizhou 6-9/6-10 comprehensive adjustment project has commenced production, the company said Monday.
News
September 07, 2016
OPEC’s biggest producers are playing second fiddle to smaller suppliers in a coveted corner of the oil market.
News
September 07, 2016
As the world’s biggest crude producers stop short of taking action to address the global oversupply, output cuts by their largest customers are helping to mop up the glut.
News
September 01, 2016
BP has signed a second production sharing contract (PSC) for shale gas exploration, development and production with China National Petroleum Corporation (CNPC).
News
August 31, 2016
BEIJING (Bloomberg) -- China’s got the world puzzling over its oil hoard. From underground caverns by the Yellow Sea to a scattering of islands in the Yangtze River delta, the government has been stockpiling crude for emergencies in a network of storage sites dotted around the country.
News
August 26, 2016
China’s biggest oil company wants natural gas to account for half its output by the end of the decade.
News
August 25, 2016
After posting their worst-ever half-year results, two of China’s oil giants aren’t getting carried away by crude’s return to a bull market, forecasting a rocky path ahead.
