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[Apr. 21, 2015]  Oil prices rose in a volatile day of trading on Monday as concerns over tension in the Middle East and a drop in the number of U.S. rigs drilling for crude offset comments from Saudi Arabia’s oil minister that Saudi production would stay near record level
[Feb. 17, 2015]  Dear Readers, Due to Spring Festival Holidays, news update will stop during Feb.18-24, 2015. We will resume updating on Feb.25. Sorry for any inconvenience we have caused.Many thanks again for your support. Wish you a happy Spring Festival! (ECF, 2015
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[Jan. 21, 2015]  China’s energy giant PetroChina is willing to engage in cooperation in extracting oil and gas as well as other natural resources in the Arctic region, said a high-ranking official of the company on Monday.Sun Xiansheng, president of the CNPC Economics and
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China Exploration
[Jul. 3, 2015]  Two Chinese companies that entered Brazil’s giant deep-water oilfields two years ago are now looking to increase their presence as state-run Petrobras sells assets to pay down debt, said two people with knowledge of the matter.China Petroleum &
[Jul. 3, 2015]  Royal Dutch Shell announced it will build a deep-water platform in the Gulf of Mexico for its Appomattox field discovery with an estimated startup close to 2020.Shell said Wednesday it authorized the major project after finding 20 percent in cost reductio
[Jul. 3, 2015]  CNOOC Ltd. ’s CEO Bozhong 28/34 oilfields comprehensive adjustment project started production and yielded its first oil.  Located in Bohai, the Bozhong 28/34 oilfields lie in an average water depth of about 22 meters. The project comprises of three s
China Refining
[Jul. 3, 2015]  The country’s first oil and gas exchange started trial operations on July 1, a move one expert said would promote market-oriented pricing of gas.The exchange in Shanghai has registered capital of 1 billion yuan and 10 shareholders. State-run Xinhua News A
[Jul. 3, 2015]  Two Chinese companies that entered Brazil’s giant deep-water oilfields two years ago are now looking to increase their presence as state-run Petrobras sells assets to pay down debt, said two people with knowledge of the matter.China Petroleum &
[Jul. 3, 2015]  Rallying oil refining margins have ground to a halt in Asia. Currently at a 2015 low, they could drop another 20-30 percent this quarter, led by declining profits in diesel as supply from the Middle East adds to a global glut.While softer Asian demand for
China Biofuels, Green Energy
[Jun. 3, 2015]  The Czech-developed unique technology for spent frying oil recycling will be applied in China, the Czech authors of the project told journalists Monday, adding that a pilot Czech-Chinese recycling plant is to be put into operation in Suzhou, east China, t
[May 18, 2015]  Boeing-737 of the Chinese airline company Hainan Airlines has cruised from Shanghai to Beijing, used the mix of jet fuel and biofuel produced from recycled cooking oil as a fuel.Vice President of the airline company Pu Min said this fact demonstrated that
[Mar. 26, 2015]  Under fire for not upgrading its products fast enough to meet China’s stricter automotive fuel standards, Sinopec is hoping an experiment with biofuel for jet engines will restore its “green” credentials.A commercial flight from Shanghai
China Gas , LNG / LPG
[Jul. 3, 2015]  The country’s first oil and gas exchange started trial operations on July 1, a move one expert said would promote market-oriented pricing of gas.The exchange in Shanghai has registered capital of 1 billion yuan and 10 shareholders. State-run Xinhua News A
[Jul. 3, 2015]  Argentina and China are continuing to lead the global hunt for shale gas as countries outside of the US chase new oil and gas resources, according to a report by the US Energy Information Administration.As recently as last year, only the US, Canada, Argen
[Jul. 3, 2015]   French gas utility Engie signed a 100 million euro ($110.77 million) deal to supply liquefied natural gas (LNG) to China’s Beijing Gas Group, the French government said in a statement on Thursday.  The deal for three cargoes of 150,000 cubic me
China Pipelines
[Jul. 2, 2015]  of the Chinese section of the China-Russia East-Route Natural Gas Pipeline began on Monday, further boosting energy cooperation between the two countries, analysts said. The Chinese section of the 3,968-kilometer east-route natural gas pipeline origina
[Jul. 2, 2015]  Pakistan and China have signed a deal on the construction of the much-delayed Iran-Pakistan (IP) gas pipeline, a project that has been strongly opposed by the US. It is not merely the nuclear issue with Iran because of which Washington opposes a pipeline
[Jul. 1, 2015]  Chinese Vice Premier Zhang Gaoli announced in Beijing Monday afternoon start of construction on the Chinese section of the China-Russia East Route natural gas pipeline.Zhang said the Chinese side is ready to work with the Russian side to ensure that the p
China Terminals & Storage
[Jun. 29, 2015]   Russia’s top natural gas producer, Gazprom, is considering building several underground gas storage facilities in China, RIA news agency quoted Oleg Aksyutin, a management board member, as saying on Thursday. Gazprom plans to start supplying pipelin
[Jun. 26, 2015]  Spot butyl glycol (BG) prices into China may extend recent gains after a fire on 12 June forced the shutdown of a domestic plant and spurred a rally in the domestic market, market sources said on Wednesday. Spot BG prices into China were assessed up by ne
[Jun. 26, 2015]   CNOOC Gas and Power Group, a wholly-owned subsidiary of CNOOC, has signed a cooperation agreement with Huainan Mining Industry Group to jointly develop a LNG terminal project in Wuhu, Anhui province.The two parties will jointly build an LNG receivin
China Petrochemical
[Jul. 3, 2015]  One of the little mysteries this year in Asian oil markets has been the drop in China’s diesel exports.Customs data show that China exported 1.303 million tonnes of diesel in the first five months of the year, a drop of 24 percent over the same period in
[Jul. 2, 2015]   Bangladesh Petroleum Corp (BPC) has finalised term contracts with 13 companies for refined oil product imports in the second half of 2015 at lower premiums than currently.Two company sources with the direct knowledge of the matter said the premium f
[Jul. 2, 2015]  Kuwait’s oil minister said on Wednesday that proceeding with a refinery project with China would depend on how it would benefit his country."We are not ready to go ahead with the China refinery project unless it achieves sufficient benefit to us,&quo
China Commodities
[Jun. 2, 2015]  Another anaemic reading on China’s factory sector will no doubt spark increased expectations of monetary and fiscal stimulus, along with hopes for improved commodity demand and prices.But the problem with this scenario is that there is little correlation
[May 11, 2015]   If the state of China’s economy was to be judged solely on the strength of imports of major commodities, it would be a reasonable conclusion that things were pretty much fine.April imports of crude oil hit a record high, iron ore imports were slight
[May 11, 2015]  Crude Oil Bulls betting the global glut will shrink are encouraged by record Chinese imports last month.Shipments from overseas to the world’s 2nd-biggest Crude Oil consumer increased to 30.29-M/tonnes in April, according to preliminary data release
China Finance & Acquisition
[Jul. 2, 2015]  Oil markets face a lot of downside risk – high crude oil inventories in both the U.S. and Europe, resilient production from U.S. shale, increasing output from OPEC, a nuclear deal with Iran, the turmoil in Greece – but one has not yet percolat
[Jun. 8, 2015]  An executive of a state-owned oil company accused of absconding from Zhoukou in Central China’s Henan Province with 500 million yuan ($81 million) paid by clients for orders has been caught by police. Police confirmed on Friday that they apprehended Chen
[Jun. 5, 2015]  Sinopec Kantons Holdings, an energy storage and logistics unit of oil and gas giant China Petroleum & Chemical (Sinopec), is seeking acquisition and cooperation opportunities in Africa, South America and the Mediterranean after having clinched several
China Govt & Regulatory
[Jul. 3, 2015]  Premier vows in Paris to make major cuts in consumption per output unit, which is expected to boost UN climate talks later this yearIn Paris, visiting Chinese Premier Li Keqiang vowed on June 30 to cut the nation’s energy consumption per unit of economic
[Jun. 29, 2015]  Three senior officials of State-owned enterprises CNOOC, China Mobile and China Unicom have been charged with accepting bribes in separate cases, the Supreme People’s Procuratorate said on Thursday. The three are Wu Zhenfang, former deputy general m
[Jun. 29, 2015]  Police in China’s financial hub Shanghai took away at least three busloads of environmental protesters outside the municipal government Saturday, preventing the latest rally that started with a rumor that a petrochemical plant could move into the area.Con
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