China
News
April 25, 2016
China, the world’s second-biggest crude consumer, may be poised for another increase in imports after the number of supertankers bound for the Asian country’s ports rose to a 16-month high amid signs it’s stockpiling.
News
April 21, 2016
Aqualis Offshore and China Ship Design & Research Center Co., Ltd (CSDC) have signed an agreement to cooperate on engineering projects both in China and internationally.
News
April 19, 2016
One of China’s biggest oil and gas explorers found a buyer for its oil assets from Canada to Kurdistan amid a collapse in energy prices and a drive to reform state-run firms: another government-owned company.
News
April 08, 2016
In the energy world, India is becoming the new China.
News
April 06, 2016
China boosted its recoverable shale gas reserves more than five-fold last year as the country missed its production target for the fuel.
News
April 01, 2016
BP is seeking to hit it big in China’s shale gas fields where competitors including Royal Dutch Shell have struck out.
News
March 30, 2016
China Petroleum & Chemical Corp., one of the country’s state-run energy giants, plans to ride a wave of new gas discoveries to double annual output to 40 Bcm by 2020, as the country pushes to replace coal with the cleaner fuel.
News
March 30, 2016
BP and China National Petroleum Corporation (CNPC) today signed a production sharing contract (PSC) for shale gas exploration, development and production in the Neijiang-Dazu block in the Sichuan basin, China.
News
March 28, 2016
Shaanxi Yanchang Petroleum Group, China’s fourth-biggest oil producer, is cutting investments and salaries because of the oil price crash, according to people with knowledge of the matter.
News
March 24, 2016
China’s crude imports will rise further from a record this year to feed its expanding refining sector and strategic reserves, according to Standard Chartered Bank.
News
March 24, 2016
As oil’s collapse leaves some fields with no chance to turn a profit, China’s biggest producer is ready to cut its losses.
News
March 24, 2016
Cnooc Ltd., China’s biggest offshore oil and gas explorer, posted annual profit that exceeded analyst estimates as cost cuts countered a decline in energy prices.
News
March 21, 2016
Patrick Pouyanné, chairman and CEO of Total, and Wang Yilin, chairman of China National Petroleum Company (CNPC), have signed a strategic cooperation agreement to extend existing collaboration between their respective companies.
News
March 06, 2016
China National Petroleum Corp. said it will cut capital spending this year by more than 20% and sees domestic crude production slipping as the country’s biggest oil and gas company looks to shore up profit amid the energy downturn.
News
March 01, 2016
Origin Energy Ltd. has signed a non-binding heads of agreement with ENN LNG Trading Company Ltd. for the supply of 500,000 tonnes of LNG per year for a period of five years. By mutual agreement, the parties have the ability to extend the supply period by an additional five years.
News
February 29, 2016
Vallourec has announced major strategic initiatives aimed at transforming its operational set-up, improving its competitiveness and reinforcing its financial strength, in an effort to secure long-term profitable growth and sustained shareholder value creation.
News
February 29, 2016
Crude advanced as Saudi Arabia said it would work with other producers to curb market fluctuations and as China’s central bank stepped up efforts to support the economy.
News
February 25, 2016
Aqualis Offshore has been contracted by Cantex Global Logistics to provide the marine warranty surveyor (MWS) services for FPSO P67 & P70 topside modules transportation from various Brazilian ports to COOEC’s yard in Qingdao, China.
News
February 24, 2016
GE’s Distributed Power business has announced that China’s leading rig manufacturer, HongHua Group Ltd., has completed commissioning of the first three Waukesha mobileFLEX gas engines that are powering a 5,000-m deep rig for new shale gas projects located near Deyang City, Sichuan Province, China.
News
February 05, 2016
Cheap crude is a double-edged sword for one of the world’s biggest markets.
