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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. 10, 2015]  Singapore-listed oil and gas exploration and production firm RH Petrogas Limited, provided an update on drilling at the Fuyu 1 production sharing contract (PSC) in Songliao Basin in China’s Jilin Province.KRL drilled and completed nine development wells i
[Aug. 10, 2015]  Range provides the following update with respect to its Trinidad operations with the following highlights: · Four new development wells are scheduled to be drilled during Q3 2015. The drilling sites of the first two wells have been prepared; &middo
[Aug. 7, 2015]  The joint operating body (JOB) of Pertamina-Petrochina East Java (PPEJ) has prepared a location for the expansion of Sukowati C block in Trucuk district, Bojonegoro regency, East Java, in an effort to boost production of the oil block, an official said.&l
China Refining
[Aug. 14, 2015]  China’s refinery throughput rose 4.3% year on year to 43.54 million mt or an average 10.30 million b/d in July, preliminary data from the National Bureau of Statistics showed Wednesday.The July rate was down slightly from 10.59 million b/d in June.Over th
[Aug. 14, 2015]  China’s implied oil demand fell in July from the previous month amid a continuing drop in the nation’s vehicle sales that could mute growth further in the second half of 2015.China consumed roughly 10.12 million barrels per day (bpd) of oil in July, down
[Aug. 14, 2015]   Major oil and gas facilities in the northern Chinese port city of Tianjin were little affected by a massive chemicals blast at a nearby container port, industry officials said on Thursday, but some iron ore deliveries had been disrupted.Two massive
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. 14, 2015]   Major oil and gas facilities in the northern Chinese port city of Tianjin were little affected by a massive chemicals blast at a nearby container port, industry officials said on Thursday, but some iron ore deliveries had been disrupted.Two massive
[Aug. 14, 2015]  The U.S. shale boom’s latest reverberations are being felt at a shipyard on the Yangtze River in eastern China.It’s there that Sinopacific Offshore & Engineering Co. unveiled last month a so-called dragon-class tanker to carry U.S. hydroca
[Aug. 13, 2015]  Blue Sky Power Holdings Ltd has conditionally agreed to acquire the equity interest of a company principally engaged in the transportation of CNG and LNG for HK$158 million. The company is also involved in the wholesale of CNG and LNG, and the operation o
China Pipelines
[Aug. 11, 2015]  Independent buyers and state-owned majors in China are out of the spot LNG market for September and October, as they are adequately supplied by domestic pipeline gas and term volumes.The lower-priced pipeline gas have deterred any buying interest in spot
[Aug. 10, 2015]  The deadline for the launch of the Power of Siberia gas pipeline to China had delayed for more than six months. The 30-year contract on supply of up to 38 billion cubic meters of gas per year to China was signed by Gazprom and CNPC in May 2014. Since the
[Aug. 5, 2015]  China National Petroleum Corp. has launched a gas pipeline that links the Keshen 8 Block in the Tarim Oilfield in Xinjiang province to the West-East Pipeline network.
China Terminals & Storage
[Aug. 14, 2015]  The U.S. shale boom’s latest reverberations are being felt at a shipyard on the Yangtze River in eastern China.It’s there that Sinopacific Offshore & Engineering Co. unveiled last month a so-called dragon-class tanker to carry U.S. hydroca
[Aug. 13, 2015]  Headquartered in Chengdu, Sichuan, drilling rig manufacturer Honghua Group Limited (HH) reports that at the beginning of August, the company signed a construction contract with Green Power Water Transport Co., Ltd. to build 200 Liquiefied Natural Gas (LNG
[Aug. 12, 2015]  As a clean energy, natural gas is being valued by increasing countries and authorized Organizations. Gas will be a reasonable option to resolve emissions for Ship owners in coming years forced by new rules and policies from IMO and government bodies. Gas
China Petrochemical
[Aug. 14, 2015]  China’s refinery throughput rose 4.3% year on year to 43.54 million mt or an average 10.30 million b/d in July, preliminary data from the National Bureau of Statistics showed Wednesday.The July rate was down slightly from 10.59 million b/d in June.Over th
[Aug. 14, 2015]  The deadly explosions in the northeast Chinese port city of Tianjin have disrupted chemical and oil tankers going in and coming out of the port, trading and shipping sources said on Thursday.Two huge explosions tore through an industrial area where toxic
[Aug. 14, 2015]  Styrene monomer market opens high in East China along with the rising ex-works prices of petrochemical plants. Prompt goods are bid at 8950-9000yuan/mt. H2 Aug goods are at 8800VS9000yuan/mt, H2 Sep goods at 8650VS8700-8750yuan/mt H2 Oct goods at 8350VS85
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
[Aug. 13, 2015]  Oil prices steadied on Wednesday after a weaker dollar and an upbeat report from the IEA balanced the bearish impact of a further weakening of China’s yuan currency and disappointing Chinese industrial data.The yuan hit a four-year low after China allowed
[Aug. 6, 2015]  Once star overseas investment projects, the US$10 billion investments made by China’s state-run Sinopec Group in acquiring deepwater oilfields off Angola over the past decade have now become a nightmare for the group, as they have become a money pit, repo
[Aug. 5, 2015]  PetroChina Co has about 11 billion barrels of oil reserves, half a million employees and sales that exceed the annual economic output of South Africa. Not too long ago, stats like that were important to traders of PetroChina shares. Now, they could ha
China Govt & Regulatory
[Aug. 7, 2015]  Investors sue PetroChina for violating U.S. securities lawsU.S. District Judge Edgardo Ramos in Manhattan dismissed claims against Chinese oil giant PetroChina (ticker: PTR) regarding declines in the company’s share price after company officials
[Aug. 6, 2015]  Sinopec Group, the second-largest energy company in China, plans to cut costs by recalling 40 percent of its overseas staff in the wake of plunging oil prices.Up to 160 employees from Sinopec International Petroleum Exploration & Production Co, a subs
[Aug. 6, 2015]  Chinese state-run oil giant PetroChina has managed to have a U.S. class-action lawsuit against it dismissed.A US judge in Manhattan has dismissed claims by PetroChina investors who had accused the company and various officials of deceiving them about its
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