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[Jul. 6, 2015]   Time:October 12-14, 2015Location:Shanghai World Exhibition & Convention Center, ChinaOrganizer:Shanghai United Institute for Unconventional ResourcesShanghai Economist AssociationSupporter:CNPC / SINOPEC / CNOOC / US China Partnerships / Society
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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
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[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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China Exploration
[Aug. 3, 2015]  Chinese energy giant, Sinopec Group, is relocating nearly 40 percent of its staff in its global exploration and production unit back to its headquarters, in a major shakeup aimed at cutting costs and boosting efficiency, company sources said.China’s state
[Aug. 3, 2015]  Energy giant Sinopec Group is relocating nearly 40 per cent of its staff in its global exploration and production unit back to its headquarters, in a major shake-up aimed at cutting costs and boosting efficiency, company sources said.The shift in emphasis
[Jul. 29, 2015]  After redeploying its Haiyang Shiyou 981 oil rig in the disputed South China Sea, Beijing-based China Shipbuilding Industry Corporation announced that that on July 1 it had begun construction of the Haiyang Shiyou 982, according to state broadcaster China
China Refining
[Aug. 3, 2015]  Chinese energy giant, Sinopec Group, is relocating nearly 40 percent of its staff in its global exploration and production unit back to its headquarters, in a major shakeup aimed at cutting costs and boosting efficiency, company sources said.China’s state
[Aug. 3, 2015]  More refiners will be allowed to apply for licenses to directly import crude oil, the country’s commerce ministry said, as Beijing continues to loosen its grip on a sector long dominated by state-owned enterprises. Companies that meet certain environme
[Aug. 3, 2015]          Formosa Petrochemical Corp., a private gasoline supplier in Taiwan, said Saturday that it has decided to cut domestic fuel prices by NT$0.3 (US$0.09)-NT$0.4 per litter for gasoline and by NT$0.5 per litter for di
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
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[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
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[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
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China Gas , LNG / LPG
[Aug. 3, 2015]  The first module of for liquefied gas plant being built for the Yamal LNG project between Russia’s Novatek, France’s Total and China’s CNPC, was launched from a Chinese shipyard in Thursday and will be delivered to the future plant’s site in September, Te
[Aug. 3, 2015]  Asian petrochemical makers have stuck to cheaper naphtha feedstock as a supply glut cuts the incentive to switch to liquefied petroleum gas (LPG), but the trend could reverse next year as US exports of the cleaner fuel pick up, traders said.Buyers usually
[Aug. 3, 2015]  CNPC’s equity share of oil and gas production outside of China in H1 2015 reached 37.56 mt of oil equivalent – 55.3% of its 2015 target and an improvement of 18.6% from 2014.(  interfaxenergy.com   2015-07-31)
China Pipelines
[Aug. 3, 2015]  Pipelineistan – the prime Eurasian energy chessboard — never sleeps. Recently, it’s Russia that has scored big on all fronts; two monster gas deals sealed with China last year; the launch of Turk Stream replacing South Stream; and the do
[Jul. 30, 2015]   It’s becoming increasingly difficult to get oil-sands pipeline projects off the ground, and Alberta’s worst spill since 1980 will probably make it tougher.A rupture in a line operated by Nexen, a unit of China’s Cnooc Ltd., spewed
[Jul. 21, 2015]  Nexen Energy confirmed Thursday that a pipeline leak at its Long Lake oil sands facility in Canada spilled about 31,5000 barrels of emulsion.The company said that an emulsion leak was discovered on July 15 within it’s Long Lake operations south of F
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China Terminals & Storage
[Jul. 16, 2015]  Two gas tankers built by the Sinopacific Offshore and Engineering were named on Tuesday, and will soon be shipping shale gas to Europe from the United States, officials said.The ships will join an eventual eight-strong fleet of tankers operated by Swiss-h
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[Jul. 9, 2015]  China National Offshore Oil Corporation (CNOOC) has received the first of two tugboats, Hai Yang Shi You 525, ordered from the Zhenjiang shipyard in China.Powered by twin Rolls-Royce Bergen C26:33L9PG engines, the new vessel has been designed to operat
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[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
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China Petrochemical
[Aug. 3, 2015]  More refiners will be allowed to apply for licenses to directly import crude oil, the country’s commerce ministry said, as Beijing continues to loosen its grip on a sector long dominated by state-owned enterprises. Companies that meet certain environme
[Aug. 3, 2015]          Formosa Petrochemical Corp., a private gasoline supplier in Taiwan, said Saturday that it has decided to cut domestic fuel prices by NT$0.3 (US$0.09)-NT$0.4 per litter for gasoline and by NT$0.5 per litter for di
[Jul. 30, 2015]  Shaoxing Yuandong Petrochemical Co. Ltd. filed for bankruptcy around mid-July, several market sources said on Tuesday.The company is a major producer of purified terephthalic acid in China, with a total production capacity of 3.2 million mt/year across fo
China Commodities
[Jul. 27, 2015]  Oil prices hovered near four-month lows on Friday after data showed a contraction in China’s factory sector and the U.S. dollar rose against a basket of currencies.Activity in China’s manufacturing sector shrank at the fastest pace in 15 month
[Jul. 22, 2015]  Energy commodity imports into China have grown enormously over the past decade, boosting global demand for shipping capacity. But a dramatic change in the mixture is emerging. Key elements are sharply diverging. During most of the past ten years the upwar
[Jul. 17, 2015]  The most that could be said of American manufacturing is that the worst is probably over.Factory production was little changed in June for a second month, restrained by a drop in motor-vehicle output that may prove temporary, according to Federal Reserve
China Finance & Acquisition
[Jul. 28, 2015]  Uncertainties around impending industry reform, a change in leadership in state firms, ongoing graft probes and depressed oil prices have seen a subdued level of overseas acquisitions in the oil and gas sector by mainland firms in the year’s first h
[Jul. 28, 2015]  China laid out on Friday how its first crude oil futures will be settled, as the long-awaited contract edges closer to a launch.China, the world’s second-largest oil consumer, wants to have greater influence over global crude markets and to boost use of t
[Jul. 27, 2015]  China’s crude oil futures, the country’s first domestic futures product tradable by overseas investors, will be priced and settled in yuan, the central bank said Friday.Overseas traders and brokers can open yuan-denominated accounts at designated banks fo
China Govt & Regulatory
[Jul. 30, 2015]  A Chinese court says it has accepted a case brought by a social organisation against oil giants ConocoPhillips China and China National Offshore Oil Corp over oil spills in northern China in 2011. It is the first case brought by a social organisation over
[Jul. 29, 2015]  A maritime court in the coastal city of Qingdao has said it will hear a landmark case brought by a nonprofit organisation against U.S. oil giant ConocoPhillips and China’s CNOOC Ltd, the official China Daily reported. The China Biodiversity Conservation a
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[Jul. 28, 2015]  China’s total energy consumption rose 0.7 per cent in the first half of 2015 compared with the same period last year, the country’s energy authority said on Monday, as a decline in coal use was offset by increases in oil, natural gas and renew
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