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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
[May 27, 2015]  The state oil company of China has been awarded a major onshore oil contract by United Arab Emirates.China Petroleum Engineering and Construction Corporation (CPECC), part of state-run PetroChina, won the $330 million contract for development of Abu Dhabi
[May 26, 2015]  A model of world’s biggest deep water semi-submersible drilling rig with dual drilling towers, produced by Yantai CIMC Raffles Offshore Co, was displayed at an exhibition held by China’s equipment and manufacturing industry in Rio de Janeiro, Brazil
[May 26, 2015]  China has invested $73 billion in global upstream M&A between 2011 and 2013, more than three times of what OVL has invested since inception.IT’S been close to five decades since Hydrocarbons India Pvt. Ltd was set up to explore and develop the R
China Refining
[May 27, 2015]  Chinese state-owned energy giant China National Petroleum Corp (CNPC) has discovered more than 100 million tonnes of tight oil geological reserves in its Changqing field, a company-run newspaper said on Tuesday.The discovery, located in the western provin
[May 27, 2015]  As the next OPEC summit draws closer, another round of commentary centered on the cartel not “relenting” in the ongoing oil market tussle has flooded media outlets. Such chatter risks regurgitating the obvious.That OPEC is not going to give gr
[May 27, 2015]  China’s commercial crude oil stocks at the end of April rose 0.5 percent from March, while refined fuel stocks were down 1.8 percent, the official Xinhua News Agency reported on Tuesday.Diesel led the fall in stocks with a 4.4 percent decline, as spring c
China Biofuels, Green Energy
[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
[Mar. 24, 2015]  China Petroleum & Chemical Corporation said the slowdown in the Chinese economy and the low price of crude oil means major challenges ahead in 2015.Fu Chengyu, chairman of the company known also as Sinpece, said his company last year was focused on qu
China Gas , LNG / LPG
[May 27, 2015]  If we consider Russia’s energy policy, we can see that almost all energy projects of Moscow are, first and foremost, political. The same situation was with the South Stream. Russia is eager to thrust the Turkish Stream on Turkey. There is no doubt t
[May 27, 2015]  Natural gas is key to securing China’s energy supplies.Securing energy imports is particularly important to the economic development and social stability of China, the world’s largest industrial nation and exporter, while natural gas is also the key produ
[May 27, 2015]  China National Offshore Oil Corporation (CNOOC), the country’s largest offshore oil producer by output, announced on Monday that its overseas liquefied natural gas (LNG) supply base has started operation.The Queensland Curtis LNG project in Australia is e
China Pipelines
[May 25, 2015]  The Kaohsiung city council on Thursday passed two regulations requiring companies with industrial pipelines under the roads of Kaohsiung to move their headquarters to the southern port city by the end of 2016 or risk losing access to the pipelines.The cit
[May 21, 2015]  In its turn, China’s CNPC company will begin the construction of the Power of Siberia leg on its territory in June.Russia’s gas giant Gazprom will begin laying between 43 and 50 kilometers (up to 31 miles) of pipeline for the Power of Siberia
[May 18, 2015]  China’s economic planning agency, the National Development and Reform Commission (NDRC) is leading talks on spinning off oil and gas pipeline assets from Sinopec and PetroChina Pipelines into independent businesses, according to people familiar with
China Terminals & Storage
[May 19, 2015]  Soeren Duvier has been given an impossible mission: sell a 42-year-old drilling rig when the offshore oil industry is in the grip of an oil price rout.The 43-year-old Dane was headhunted last June to be the business development manager at Jasper Offshore,
[May 13, 2015]  China’s appetite for crude oil is expected to pick up later this year as storage comes online and new buyers emerge, even after its inbound shipments surpassed United States imports last month for the first time, traders and analysts say.China’s crude oil
[May 8, 2015]  Even before this week, plans for a multibillion-dollar IPO of a vast chain of gas stations owned by China’s Sinopec had only been grinding slowly ahead. Now, the deal is unlikely to happen at all this year, following the retirement of Fu Chengyu, th
China Petrochemical
[May 25, 2015]  Investment bank UBS projects that China’s ethylene capacity additions through 2019 will fall short of expectations as CTO/MTO projects are delayed or cancelled on poor economicsOne of the big variables in the global petrochemicals outlook is how muc
[May 21, 2015]  Middle East polymer suppliers are more keen to sell to south Asia, where polyethylene (PE) and polypropylene (PP) prices are at least $80/tonne higher than in their key China market, industry sources said on Wednesday.On 15 May, PP injection prices were a
[May 19, 2015]  If gasoline prices quickly rise in the next several months, it won’t be because oil prices have gone up. More and more industry experts believe world oil prices will remain flat for the foreseeable future and U.S. government data tends to agree.Since last
China Commodities
[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
[May 11, 2015]  China’s crude oil imports hit a record high in April as falling prices encouraged stockpiling, but coal imports plunged and shipments of other commodities generally eased on a year earlier amid a sluggish economy.China’s exports unexpectedly fell 6.4 perc
China Finance & Acquisition
[May 27, 2015]  China, the fourth largest oil producer in the world (behind the U.S., Saudi Arabia and Russia) is undoubtedly one of the biggest stakeholders in the global oil and gas markets. Low oil prices and slowing domestic economic growth have compelled the second
[May 27, 2015]  Over the past few years, China has become a major new player in global investment outflows. Since 2012, it has been the third-largest outward investor, just behind the US and Japan. Last year, its outward foreign direct investment hit US$101 billion, up f
[May 26, 2015]  Over the past few years, China has become a major new player in global investment outflows. Since 2012, it has been the third-largest outward investor, just behind the US and Japan. Last year, its outward foreign direct investment hit US$101 billion, up f
China Govt & Regulatory
[May 27, 2015]  China, the fourth largest oil producer in the world (behind the U.S., Saudi Arabia and Russia) is undoubtedly one of the biggest stakeholders in the global oil and gas markets. Low oil prices and slowing domestic economic growth have compelled the second
[May 25, 2015]  The Kaohsiung city council on Thursday passed two regulations requiring companies with industrial pipelines under the roads of Kaohsiung to move their headquarters to the southern port city by the end of 2016 or risk losing access to the pipelines.The cit
[May 21, 2015]  China National Offshore Oil Corp. Ltd. (CNOOC) appointed Yang Hua as chairman of the Board of Directors to succeed Wang Yilin, the Chinese company announced Tuesday. Prior to his appointment, Yang, who joined CNOOC in 1982, was vice chairman of the Board
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