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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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[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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[Dec. 31, 2014]  ECF International Shale Gas Forum 20155th Asia Shale Gas Summit & APAC Unconventional Resources EXPO   Best Unconventional Energy Event in APAC   New Normality • New
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China Exploration
[Mar. 20, 2015]  The resource-rich Xinjiang Uygur autonomous region in western China will become the center of reform for state-owned energy companies this year with the launch of a pilot project by the country’s biggest oil and gas producer in the region.China Nationa
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[Mar. 18, 2015]  An employee of a subsidiary of CNPC’s oilfield operations in the Xinjiang Uygur autonomous region inspects pumping equipment. CNPC will make available a 49 percent stake in its oilfields in Xinjiang to other investors. The resource-rich Xinjiang Uygur aut
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[Mar. 17, 2015]  Sinopec is working with a specialist company on researching advanced wastewater treatment solutions and is likely to sign a contract for collaboration on the research project this summer, a senior Sinopec engineer at the Fuling shale gas field told Interf
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China Refining
[Mar. 27, 2015]  The retail gasoline price has been cut by 240 yuan ($38.73) a metric ton, or 0.18 yuan per liter, and diesel by 230 yuan a metric ton, or 0.2 yuan per liter, starting from Friday.  After the retail price cut, the benchmark price of 90-octane g
[Mar. 27, 2015]  China Petroleum and Chemical Corp, or Sinopec, Asia’s biggest oil refiner, saw its net profit plunge by 30 percent last year due to the continuing slump in global crude oil prices since June, the company said. Sinopec also issued a profit warning
[Mar. 27, 2015]  Sinopec Oilfield Service Corp* Says 2014 net profit at 1.2 billion yuan ($193.40 million) versus net profit of 61.2 million yuan previous year
China Biofuels, Green Energy
[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
[Mar. 23, 2015]   Boeing, Hainan Airlines and Sinopec today celebrated China’s first passenger flight with sustainable aviation biofuel, a key environmental milestone for China’s commercial aviation industry.The regularly scheduled Hainan Airlines flight – whic
China Gas , LNG / LPG
[Mar. 27, 2015]  China imported a record high 2.54 million mt of natural gas via pipelines in February, 52.1% higher than the same month last year, detailed data from the General Administration of Customs showed Tuesday, March 24.The customs department reports natural gas
[Mar. 27, 2015]  Uzbekistan plans to begin building the fourth line of a gas pipeline to China at the end of 2015, national oil and gas company Uzbekneftegaz told Interfax.The preliminary feasibility study for the project is being prepared, a spokesman for the company sai
[Mar. 26, 2015]  Is liquefied natural gas (LNG) the next iron ore or coal, destined for an extended period of weak prices amid a shift from market deficit to structural oversupply?Asian LNG prices seem to have already weakened and not just because of lower seasonal demand
China Pipelines
[Mar. 27, 2015]  China imported a record high 2.54 million mt of natural gas via pipelines in February, 52.1% higher than the same month last year, detailed data from the General Administration of Customs showed Tuesday, March 24.The customs department reports natural gas
[Mar. 27, 2015]  Uzbekistan plans to begin building the fourth line of a gas pipeline to China at the end of 2015, national oil and gas company Uzbekneftegaz told Interfax.The preliminary feasibility study for the project is being prepared, a spokesman for the company sai
[Mar. 26, 2015]  The transit of Russian gas to China through Kazakhstan is less economically viable than the direct delivery, China Petroleum University Professor Pam Chancey told TASS Tuesday."It is a purely economic issue — direct deliveries are profitable fo
China Terminals & Storage
[Mar. 26, 2015]  China’s commercial and strategic oil storage is almost full, a Sinopec trading executive said on Wednesday, leaving little room for Asia’s top oil consumer to keep up its soaring import growth and adding downward pressure to an already oversupplied market
[Mar. 20, 2015]  The Damen Yichang Shipyard in China has announced it will roll out an increased portfolio of vessels to a wider market audience, including LNG and LPG tankers.The company, which is a joint venture between Damen Shipyards Group and Sinotrans CSC, has had a
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[Mar. 19, 2015]  China Rongsheng Heavy Industries Group Holdings Limited [1101.HK] has announced that it has signed a memorandum of understanding that will see its shipbuilding business, Jiangsu Rongsheng Heavy Industries, sold to an undisclosed potential purchaser.The de
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China Petrochemical
[Mar. 26, 2015]  China’s apparent oil demand in the first two months of this year rose 2.6% year on year to 83.92 million mt, or an average 10.43 million b/d, on the back of a rise in apparent demand for gasoil, gasoline and LPG, Platts calculations based on recently rele
[Mar. 25, 2015]  According to a recent report from Wood Mackenzie, coal is facing increasing pressure from gas in the power sector, particularly in Asia.Downward pressure on gas prices, combined with individual market conditions in Asia, are creating conditions in which g
[Mar. 25, 2015]  Shanghai Huaxi Chemical Industry Science and Technology Co. Ltd in China recently announced that it has signed a contract with Jiangsu Weiming Petrochemical Co. Ltd for the delivery of a 12,000 Nm3/h hydrogen plant.Hydrogen will be generated from conversi
China Commodities
[Mar. 23, 2015]  Angola expects oil output to average 1.84 million barrels per day (bpd) this year, up 10 percent from 1.67 million bpd in 2014, according a revised 2015 budget passed by parliament on Thursday, the state news agency said.Angola’s parliament voted heavily
[Mar. 20, 2015]  China is ready to enter the world market with it natural gas through Pakistan.According to informed sources, China and Pakistan have already signed a Memorandum of Intentions on construction of the interregional gas pipeline from Xinjiang Autonomous Regio
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[Mar. 18, 2015]  Even as research done for the Wall Street Journal suggested that air quality in Beijing improved slightly last year, Chinese authorities were so disturbed by a TV documentary on pollution in the country that they removed it from websites.Nevertheless, car
China Finance & Acquisition
[Mar. 27, 2015]  The retail gasoline price has been cut by 240 yuan ($38.73) a metric ton, or 0.18 yuan per liter, and diesel by 230 yuan a metric ton, or 0.2 yuan per liter, starting from Friday.  After the retail price cut, the benchmark price of 90-octane g
[Mar. 27, 2015]  China Petroleum and Chemical Corp, or Sinopec, Asia’s biggest oil refiner, saw its net profit plunge by 30 percent last year due to the continuing slump in global crude oil prices since June, the company said. Sinopec also issued a profit warning
[Mar. 27, 2015]  Sinopec Oilfield Service Corp* Says 2014 net profit at 1.2 billion yuan ($193.40 million) versus net profit of 61.2 million yuan previous year
China Govt & Regulatory
[Mar. 26, 2015]  China’s petroleum demand growth will slow down, as China transitions toward a slower the "new normal", but crude oil import will continue to grow, said Chen Bo, president of China International United Petroleum and Chemicals Co Ltd, a memb
[Mar. 26, 2015]  Demand for Russian crude oil in the Chinese economy is expected to hold steady, despite economic faltering in both countries, a Chinese trader said Wednesday.Chinese officials are describing a "new normal" in an economy slowing from a long perio
[Mar. 24, 2015]  Lanzhou Petrochemical Company (LPC), a subsidiary of China National Petroleum Corp (CNPC) located in northwestern China’s Gansu province, has agreed to allocate 109 million yuan (US$17.5 million) to improve the city’s sewage system after numerous environm
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