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Industry Headlines
[Mar. 23, 2017]  China’s crude oil production dropped by 8 percent annually to 31.44 million tons in January and February, as high domestic production costs prompted refineries to import more crude oil, according to data by the Chinese National Bureau of Statistics
[Mar. 17, 2017]  China’s crude oil production dropped by 8 percent annually to 31.44 million tons in January and February, as high domestic production costs prompted refineries to import more crude oil, according to data by the Chinese National Bureau of Statistics
[Mar. 16, 2017]  A so-called volatility squeeze in commodity indexes that I have been referring to  resolved itself to the downside last week, with crude oil leading the way in what should be a seasonally strong period for the high-octane commodity.Volatility squeeze
China Exploration
[Mar. 13, 2017]  CRRC Zhuzhou Institute Co Ltd announced on Friday that its subsidiary Soil Machine Dynamics Ltd (SMD) will build the world’s largest subsea trenching machine at its British manufacturing base.The trenching machine will weigh 178 tonnes and can lay oil and
[Mar. 6, 2017]  China has put into service what it claims is the world’s largest and deepest-operating offshore oil exploration platform, the Bluewhale I, the state broadcaster reported on Saturday.The rig has a total deck area about the size of a soccer field with
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[Mar. 1, 2017]  A Philippine company revived talks with China National Offshore Oil Co. Ltd., an upstream oil and gas company owned by the Chinese government, over an exploration project in South China Sea after President Rodrigo Duterte pursued more amicable relations w
China Refining
[Mar. 14, 2017]  China’s refinery production rose 4.3 percent to the second highest level on record on a daily basis during the first two months of the year, while crude output fell 8 percent from a year earlier, official data showed on Tuesday.Chinese refineries processe
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[Mar. 13, 2017]  Privately-run conglomerate CEFC China Energy has approached several independent Chinese oil processors seeking to acquire its first domestic refinery operation, its next move towards becoming a global integrated oil player.New details of CEFC’s attempts t
[Mar. 6, 2017]  Dongming Petrochemical, China’s largest independent or ’teapot’ refiner, has signed a deal with privately run CEFC China Energy and a local port authority to build a crude oil terminal in Shandong province, seeking to ease a logistics bottleneck gripping
China Biofuels, Green Energy
[Mar. 10, 2017]  It’s no secret that Beijing has a smog problem. Earlier this year, the air pollution was so bad, it closed down highways, diverted planes, and stranded a cruise ship unable to dock. Smog is the world’s biggest health risk, and Beijing is renew
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[Feb. 24, 2017]  INCREASED trading volumes and higher share of results from associates gave a lift to results for jet fuel supplier China Aviation Oil (Singapore) for its fourth quarter.Net profit surged 57 per cent to US$17.9 million from the previous year, the group sai
[Feb. 15, 2017]  Gazpromneft-Aero, jet fuel business operator of Gazprom Neft, and Chinese national jet fuel supplier China Aviation Oil Hong Kong Co. Ltd. (CAOHK) signed a new agreement on fueling CAOHK designated airline customers in airports where Gazpromneft-Aero oper
China Gas , LNG / LPG
[Mar. 27, 2017]  China is banking on the shale gas technology in North America to extract methanol and clean its pollution by putting it in use for refinery chemicals, clean energy and thermal fuels, according to a source during the Boao Forum for Asia 2017.Spearheaded by
[Mar. 24, 2017]  According to Sinopec Group on March 21, the Fuling shale gas field in southwestern China’s Chongqing has produced more than 10 billion cubic meters of gas, signifying a new phase of China’s shale gas commercial development, reported.The field’s rap
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[Mar. 17, 2017]  Russian gas giant Gazprom said the company plans to supply gas to China via the east route of the China-Russia natural gas pipeline as early as May 2019, rather than 2018 as scheduled, 21st Century Business Herald reported Thursday, citing the company’s V
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China Pipelines
[Mar. 23, 2017]  A pipeline that will carry crude oil from the coast of Myanmar to southwest China is nearing its start as the two countries settle their differences regarding the terms of the oil transport project. That’s according to government sources from Myanma
[Mar. 15, 2017]  China Petroleum and Chemical Corp has started operating a major crude oil pipeline that connects eastern Jiangsu province with refineries in south China, the company said in a statement.The pipeline, which spans 560 kilometers, runs at an annual capacity
[Mar. 8, 2017]  The Russian energy supplier Gazprom is confident that the Russian-Chinese natural gas pipeline Sila Sibiria will be put into operation next year. China suggests that the project could not have been the last of its kind.Russian natural gas supplies to Chin
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China Terminals & Storage
[Mar. 8, 2017]  Sinopec Corp is expected to start operating by June a new commercial crude oil tank farm in the southern Chinese city of Zhanjiang, where a large strategic reserve site is also under construction, three industry sources said this week.The new commercial t
[Mar. 6, 2017]  COSCO Shipping Heavy Industry Co Ltd, China’s third largest shipbuilder by output, plans to cut the number of shipyards that are able to manufacture offshore engineering products from five to two by 2020, its senior executive said on Friday.The move
[Feb. 17, 2017]  Daewoo Shipbuilding & Marine Engineering Co., a major shipyard here, said Thursday that it has won its patent case in China which is related to its core technology for LNG-fueled ship.Daewoo Shipbuilding said that a filing by a Chinese shipbuilding an
China Petrochemical
[Mar. 23, 2017]  China and Saudi Arabia have signed preliminary deals that could be worth as much as $65 billion if finalized, Xinhua reports. The news came on the first day of a four-day visit by Saudi King Salman to China.China’s Deputy Foreign Minister Zhang Ming
[Mar. 7, 2017]  Despite a slowing economy, high debt levels and overcapacity for some chemicals, China will continue its dominance of the global petrochemical marketplace, both in terms of consumption and production, but growth will moderate during the next few years, ac
[Feb. 27, 2017]  China is the global leader in methanol use and has recently expanded methanol production capacity, according to new figures from the US Energy Information Administration (EIA).The official energy statistics from the US government come from the EIA.Since t
China Commodities
[Mar. 15, 2017]  China’s stockpiling of crude oil appears to have increased in the first two months of the year, despite prevailing higher prices caused by OPEC and its allies curbing output.The country rarely releases detailed inventory levels for strategic and commercia
[Mar. 13, 2017]  A former executive of Shanghai Futures Exchange said on Sunday that the exchanges is "actively" preparing to launch the long-awaited crude oil contract, but declined to comment on the timeline for the launch.* Yang Maijun, former head of the Sha
[Mar. 2, 2017]  China’s commercial oil products inventory jumped more than 10 percent from Dec to 17.9 million tonnes, the highest level since July, the official Xinhua news agency said on Wednesday. Crude oil inventory inched up 1.64 percent to 29.8 million tonnes
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China Finance & Acquisition
[Mar. 23, 2017]  As China’s biggest oil and gas producer prepares to report what may be its worst-ever earnings, investors are focused on billions of dollars that could be unlocked by a spinoff of its massive pipeline network.PetroChina Co.’s natural gas and c
[Mar. 23, 2017]  Chevron Corp.’s sale of its stakes in Chinese offshore oil fields operated by state-owned CNOOC Ltd. has stalled, people with knowledge of the matter said.Bids that Chevron received for its interests in three fields in China’s Bohai Bay didn&r
[Mar. 17, 2017]  China’s in talks with Saudi Arabia for its sovereign wealth fund and largest energy company to invest in the initial public offering of the Middle East nation’s state oil producer, according to people with knowledge of the matter.The nation&rs
China Govt & Regulatory
[Mar. 10, 2017]  China’s One Belt and One Road initiative, or the Silk Road Economic Belt and the 21st-century Maritime Silk Road initiative, should prioritize the development of the “One Road.”In terms of economic volume and market capacity, the countri
[Mar. 2, 2017]  China’s top economic planner will not adjust domestic retail oil prices as global prices have stayed below the official pricing mechanism, according to an announcement.Under the current mechanism, prices of refined oil products are adjusted when cru
[Feb. 28, 2017]  To coordinate work in eliminating low-steel capacities, five industry associations pushed forward the Suggestions on Supporting Elimination of Low-Steel Capacities, and Defining Using Scopes of Line and Intermediate Frequency Furnaces. The five associatio
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