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Industry Headlines
[Feb. 20, 2017]  The China National Petroleum Corporation on Sunday secured an eight-per cent share in an onshore oil concession in Abu Dhabi in a deal worth $1.77 billion, the Emirati company said.The Chinese giant signed a deal with the Abu Dhabi National Oil Company fo
[Feb. 16, 2017]  Russian crude imports to China have risen in early 2017 as the country’s independent, or teapot, refiners have expanded their diet to include the Urals grade, trade sources said.Russia could expand its market share in China, the second-largest oil c
[Feb. 15, 2017]  China will raise the retail prices of gasoline and diesel for the second time this year as international oil prices increase, the country’s top economic planner said Tuesday.Both gasoline and diesel prices will rise by 50 yuan (7.3 U.S. dollars) per tonne
China Exploration
[Feb. 20, 2017]  The National Iranian Oil Company held talks on boosting collaboration with the China Petroleum and Chemical Corporation (Sinopec) in a meeting in Tehran Sunday.Ali Kardor, the NIOC chief, said on the sidelines of the meeting that Tehran wants secure oil a
[Feb. 4, 2017]  Sinopec Geophysical Corp. received an award notification letter from Chad on January 16 (local time), winning the bidding of CPC Corporation’s 370 square kilometer 3D and 404 kilometer 2D seismic survey projects in eastern BOC III block. It is the f
[Jan. 26, 2017]   China is continuing to inch forward with reforms to its struggling onshore upstream sector, with preparations under way for a second open tender of exploration licences in the country’s remote far west. China’s three state oil major
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China Refining
[Feb. 21, 2017]  Chinese independent, or teapot, refiners are bringing in rare cargoes of North American heavy crude in a new long-distance flow that traders say has only been made possible by OPEC’s output cuts and ample supplies in Canada and the United States.In April,
[Feb. 15, 2017]  China’s regulatory pendulum has swung from supporting independent refiners by encouraging competition and deregulation to favoring state-owned oil companies, which could have the impact of regulating many of the independents out of business.In early
[Feb. 14, 2017]  Saudi Aramco will deliver crude oil to Chinese refiner Huajin Chemical Industries under a new deal—a first for the two companies, sources in the know told Reuters.Aramco will supply light crude that will enable Huajin to expand its naphtha output, w
China Biofuels, Green Energy
[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
[Feb. 7, 2017]  China’s installed photovoltaic (PV) capacity more than doubled last year, turning the country into the world’s biggest producer of solar energy by capacity, the National Energy Administration (NEA) said on Saturday.Installed PV capacity rose to 77.42 giga
[Feb. 6, 2017]  You probably don’t think of China as a clean energy champion given its frequent problems with smog and continued dependence on coal power, but you may have to rethink your views after today. The country’s National Energy Administration has revealed that i
China Gas , LNG / LPG
[Feb. 21, 2017]  Wärtsilä will supply a 30 MW combined heat and power (CHP) plant to CGGC UN Power in China. This will be the first gas-fired medium-speed engine power plant in China, marking the entry of a new technology in the market. This is a landmark projec
[Feb. 21, 2017]  Global demand for liquefied natural gas (LNG) reached 265 million tonnes (MT) in 2016 – enough to supply power to around 500 million homes a year. This included an increase in net LNG imports of 17 MT.Many expected a strong increase in new LNG suppl
[Feb. 20, 2017]  China’s natural gas production will surge by about a quarter to 170 billion cubic metres (bcm) in 2017 from 136.8 bcm in 2016, estimates from the National Energy Administration showed on Friday.The forecast comes as China’s pushes on with a drive to use c
China Pipelines
[Jan. 26, 2017]   The Middle East business of China Petroleum Pipeline Bureau has won bids for water pipeline EPC project of West Qurna 1 oilfield from ExxonMobil Iraq. This is the first time China Petroleum Pipeline Bureau wins a contract by ExxonMobil. The project
[Dec. 14, 2016]  Shares in China’s state-backed oil and gas giants have risen, on the expectation that both China Petroleum & Chemical (Sinopec) and larger rival PetroChina are set to gain from selling off stakes in their pipeline networks.The offloads would hel
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[Dec. 9, 2016]  The Bangladeshi government has reached an agreement with the state-owned China Petroleum Pipeline Bureau (CPP) for a project to set up a 220-km pipeline to carry oil from tankers in the Bay of Bengal to storage plants on the mainland.Bangladesh’s cabinet
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China Terminals & Storage
[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
[Feb. 17, 2017]  CIMC Enric Holding Ltd, equipment manufacturing unit of China International Marine Containers (Group) Ltd, has secured a deal to deliver two liquefied natural gas (LNG) storage tanks as part of China’s first approved demonstration project to use LNG
[Feb. 13, 2017]  China and Turkey on Sunday finalized an underground gas storage project located in Turkey’s Salt Lake area.The one billion cubic meter facility is Turkey’s first such storage capacity and is designed to alleviate the country’s gas shorta
China Petrochemical
[Feb. 17, 2017]  Clariant, supplier specialty chemicals, has announced that it has been awarded a contract by Dongguan Grand Resource Science & Technology Co. Ltd. to develop a new propane dehydrogenation unit in cooperation with CB&I. The project includes the lic
[Feb. 16, 2017]  A fresh round of talks has kicked off with PetroChina Company Limited over resumption of cooperation in Iran’s petrochemical industry.Following the three-billion-dollar financing contract with China’s Sinopec for development, renovation and op
[Feb. 16, 2017]  The CFR China methanol price has risen 11% since the start of this month to be assessed at $382/mt Tuesday, just short of a three-year high, S&P Global Platts data showed.The rally was driven by exceptionally tight supply from the Middle East, as well
China Commodities
[Feb. 15, 2017]  Oilfield Services Rush To Raise Capital As Oil Recovery HoldsChina’s independent refiners, the so-called teapots, are importing Russia’s Urals grade with the drop in the Brent/Middle East spreads as OPEC’s cuts have made the Dubai and Om
[Jan. 26, 2017]   China’s commercial crude oil inventories declined 1.89 percent month-on-month by the end of December despite a sharp rise in imports.  While net imports of crude oil increased 12.06 percent in December, the amount of oil refined also incre
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[Jan. 25, 2017]  China’s fiscal revenue grew 4.5 percent year on year in 2016, to 15.96 trillion yuan (around 2.33 trillion U.S. dollars), according to preliminary figures released by the Ministry of Finance Monday.This was a sharp slowdown from the 8.4 percent in 2015 an
China Finance & Acquisition
[Feb. 21, 2017]   China’s Sinochem is exploring the sale of its 40 percent stake in Brazil’s Peregrino offshore oilfield, four people familiar with the matter told Reuters, a deal that could see the state-owned conglomerate walk away what was once touted
[Feb. 21, 2017]  Chinese companies are big winners in the competition among foreign bidders for stakes in Abu Dhabi’s largest oil concession, snatching a combined 12 percent of the venture as the Middle Eastern emirate looks increasingly to Asia, its biggest market,
[Feb. 15, 2017]  China’s state-owned Sinochem is in early talks with Noble Group to buy an equity stake in the embattled trader, three sources familiar with the matter said, in a move that would help it gain access to the commodity trader’s global supply chain. Taking a s
China Govt & Regulatory
[Feb. 14, 2017]  Beijing will ban high-emission vehicles from its urban areas starting Wednesday, authorities said Monday.Starting from Feb. 15, light-duty gasoline-powered cars that fail to meet the National Emission Standard III will be banned from entering Beijing’s fi
[Feb. 13, 2017]  China’s top securities regulator is still preparing to launch oil futures and is considering lifting restrictions on stock index futures imposed during the 2015 stock market crash, the Shanghai Securities Times said on Saturday.The newspaper report cited
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[Feb. 9, 2017]  Nearly four years after President Xi Jinping vowed to shake up State-owned enterprises, 2016 appears to be another mixed story for oil and gas producers, steel-makers and aluminum smelters, with some grappling with declines while others are turning losses
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