China
News
June 01, 2023
The project can store over 1.5 million tons of carbon dioxide, equivalent to planting nearly 14 million trees.
News
May 09, 2023
An LNG vessel carrying the cargo arrived in the city on Saturday to support commissioning work for an offshore import terminal commencing this week, according to a spokesperson from CLP Holdings Ltd., which supplies electricity to the territory.
News
May 05, 2023
With a design depth of 9,472 meters, it will be the deepest oil and gas well in Asia and a breakthrough of milestone significance in China's ultra-deep oil and gas exploration.
News
March 10, 2023
Utility CLP Holdings Ltd. purchased an LNG cargo for May delivery to its new import terminal, according to traders with knowledge of the matter. The tender closed on Wednesday, and the shipment was bought at a link to North Asia’s LNG spot benchmark.
News
March 06, 2023
As a wireless and compact solution, WiNG is specially designed for efficient operations in difficult-to-access environments
News
March 01, 2023
CNOOC Limited has discovered an oilfield in the Bohai Sea that contains one hundred million tons of reserves.
News
February 20, 2023
Firms based in China account for roughly 15% of all contracts that’ll begin delivering LNG supply through 2027, according to an analysis of BloombergNEF data. That trend is set to increase as the companies seek to lock in more long-term agreements.
News
February 06, 2023
While there’s a lot of potential for oil demand this year, the “beast” of Covid-19 means there’s also the risk of volatility, Al-Ghais cautioned. Ministers from the OPEC+ coalition are just “a phone call away to step in when necessary,” he added.
News
January 06, 2023
Xinjiang Central Asia Petroleum and Gas Co. will invest as much as $150 million in the first year and $540 million over the subsequent three years to explore five oil and gas blocks. The militant group will earn 15% royalty fees from the 25-year contract.
News
January 05, 2023
The presidents of China and the Philippines agreed to resume talks on oil and gas exploration in the South China Sea. They will also discuss maritime differences amicably after meeting in Beijing on Jan 4., a move that potentially paves the way for easing recent tensions.
News
December 30, 2022
A major breakthrough of Sinopec's "Project Deep Earth," the Yuanshen-1 well has reached the deepest oil and gas formation in burial depth in the Sichuan Basin and further shows the great potential of deep ancient carbonate rocks in the region.
News
December 26, 2022
107 development wells are planned to be commissioned, including 67 production wells, 36 water injection wells and four water source wells. The project is expected to achieve its peak production of approximately 36,100 bopd in 2024.
News
December 07, 2022
CNOOC Ltd. announces today that Enping 15-1/10-2/15-2/20-4 oilfields joint development project has commenced production.
News
November 03, 2022
China looks set to receive an influx of seaborne crude oil in the coming weeks as higher volumes bought before its latest Covid shutdowns head for its ports.
News
October 14, 2022
President Xi Jinping has promised a slow and steady end to the growth of planet-warming emissions in China, with energy security taking top priority as the country contends with a flagging economy and tumult on global fuel markets.
News
March 11, 2022
Saudi Arabia is strengthening energy ties with China, as the oil producer Aramco agreed to build a multi-billion dollar refining and chemicals project.
News
March 08, 2022
The world and energy market are at a point in history, as important as the end of both world wars, and that was true before the Russian invasion of Ukraine, said Atlantic Council President and CEO Frederick Kempe.
News
January 18, 2022
China’s overseas shipments of fuels fell for a second year as Beijing tightened export quotas, in part to ensure sufficient domestic supply.
News
January 11, 2022
China doubled down on imports of Iranian and Venezuelan crude in 2021, taking the most from the U.S.-sanctioned regimes in three years, as refiners brushed off the risk of penalties to scoop up cheap oil.
News
January 04, 2022
China slashed its fuel export quota by more than half in the first batch of allocations for 2022, highlighting the nation’s strategy of progressively limiting overseas sales.
News
November 18, 2021
China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale, suggesting the world’s two biggest oil consumers are willing to work together to keep a lid on energy costs.
