SZ Energy News: Industry News, Stories Analysis and Editorial
Get Free SZ’s Newsletter
News2-shale gas
Get SZ's China industry news in your inbox each day. It's free. Subscribe Today.
Industry Headlines
[Apr. 14, 2014]  Russian President Vladimir Putin obviously thinks that preventing Ukraine from moving closer to the West is a strategic interest and one that is important enough to risk international condemnation. Seizing Crimea has led to negative international opinion,
[Mar. 31, 2014]  Chinese authorities have seized assets worth at least 90 billion yuan ($14.5 billion) from family members and associates of retired domestic security tsar Zhou Yongkang, who is at the centre of China’s biggest corruption scandal in more than six decades,
[Mar. 28, 2014]  The Crimean crisis is poised to reshape the politics of oil by accelerating Russia’s drive to send more barrels to China, leaving Europe with pricier imports and boosting US dependence on fuel from the Middle East.China already has agreed to buy mor
China Exploration
[Apr. 17, 2014]  China National Petroleum Corporation (CNPC) plans to begin in 2015 trial operation of Mingbulak oil field in Namangan region of Uzbekistan, reported RIA Novosti on Wednesday. The company will complete drilling in the license area by summer, equipping
[Apr. 11, 2014]  China’s top offshore operator China National Offshore Oil Corporation (CNOOC) is preparing to approach the market with a tender covering front-end engineering and design studies on the potential building of two tension-leg platforms for its Liuhua 1
[Apr. 11, 2014]  China became a net exporter of refined oil products such as petrol and diesel for the first time in more than four years in March, underlining the growing size and importance of its domestic refining industry.Exports of oil products were 650,000 barrel
China Refining
[Apr. 17, 2014]  A subsidiary of China’s largest oil company, CNPC, is being blamed for a leak that has contaminated potable water in the city of Lanzhou, affecting 2.4 million people and causing a rush for bottled water.The city’s water is managed and supplie
[Apr. 17, 2014]  PetroChina, one of the largest energy giants in China, is facing obstacles on its planned Shenzhen LNG terminal project. Local environmentalists believe the project will severely damage the ocean environment in the region.PetroChina has been planning the
[Apr. 17, 2014]  China’s crude oil output fell 0.1% year on year to 17.64 million tons in March, the National Bureau of Statistics said. Between January and March, crude oil output was up 0.2% to 51.34 million tons.China refined 41.92 million tons of crude oil in March, u
China Biofuels, Green Energy
[Mar. 31, 2014]  On the occasion of the visit of a high Chinese delegation to France, Gérard Mestrallet, Chairman and CEO of GDF SUEZ, signed a cooperation agreement with Wang Dong, Chairman and CEO of Beijing Enterprise Group, to develop natural gas and energy eff
[Mar. 27, 2014]  With the world’s largest population and the second-largest, and still-growing economy, China’s energy development roadmap is a global concern. China accounts for almost half the world’s annual coal consumption, so an energy development roadmap that reduce
[Mar. 27, 2014]  The development of China’s shale-gas industry has moved forward over the past year, but far more remains to be done than has been accomplished if the nation’s ambitious production targets are to be met, according to executives attending an ene
China Gas , LNG / LPG
[Apr. 17, 2014]  In what has become almost a daily pattern, gasoline prices have risen again, reaching $3.653 as the average price for a gallon of regular nationwide. The comparable price for premium reached $3.993. In several areas the price of regular has already crosse
[Apr. 17, 2014]  China’s natural gas production rose in March to the highest level in two years as the nation seeks to use more of the cleaner-burning fuel.Natural gas output in the world’s largest energy consumer rose 7.6 percent to 11 billion cubic meters la
[Apr. 16, 2014]  While overall well counts in China have remained relatively steady, the share of hydraulically fractured wells has nearly doubled.China has seen a surge of unconventional oil and gas activity in recent years, resulting in a dramatic increase in hydraulic
China Pipelines
[Apr. 16, 2014]  An oil leak last Thursday caused an increase in the benzene levels in the drinking water of Lanzhou, a city in northwestern China. Since benzene is a toxic and carcinogenic liquid chemical, the city’s residents rushed to local supermarkets to stock
[Apr. 15, 2014]  Seepage of residual oil previously leaked from PetroChina Lanzhou Petrochemical Co.’s 10.5 million mt/year (210,000 b/d) integrated refinery and petrochemical complex into the water source for water works was behind the unusually high benzene level in tap
[Apr. 15, 2014]  Crude oil leaking from a petrochemical pipeline of CNPC, China’s largest oil company, caused hazardous levels of benzene in a northwest Chinese city’s tap water, it was confirmed yesterday.Polluted water ran through aged joints in a concrete channel betwe
China Terminals & Storage
[Mar. 28, 2014]  New loan issuance affects the oil tanker shipping industry One of the key indicators that grabs analysts’ attention is China’s new loans. Issuing new loans is an important way of stimulating economic growth, as it increases demand. However, ex
[Mar. 12, 2014]  State-owned China National Offshore Oil Corp, leader of the country’s liquefied natural gas import business, plans another receiving terminal in the southeastern province of Fujian, a company official said on Tuesday. China, the world’s t
[Jan. 30, 2014]  All 20 Indian crew members of an oil tanker - which exploded and caught fire at a shipyard in east China while undergoing repairs -  are safe, officials said a day after the incident killed seven Chinese workers. The captain and the crew members were
China Petrochemical
[Apr. 11, 2014]  Khalid A. Al-Falih, President and CEO of Saudi Aramco, recently visited Beijing to attend the China Development Forum (CDF) 2014 and to meet key stakeholders.Over the course of his three-day visit, Al-Falih reiterated several times the strategic import
[Mar. 25, 2014]  Leading onshore oil firms Sinopec and PetroChina said profits grew in 2013.Sinopec, a listed unit of China Petrochemical Corp, said net profit edged up 3.5 percent year on year to 66.1 billion yuan, it said in a statement on Sunday. Revenue was up by 3.4
[Mar. 21, 2014]  China’s largest state refiner, Sinopec Corp, has entered into a long-term deal to buy liquefied petroleum gas (LPG) from Phillips 66, reflecting an impact of the US shale drilling boom on Asian markets, as per Reuters. The US shale boom in recent years ha
China Commodities
[Mar. 27, 2014]  Over the years, Oil & Gas and Chemical plants have become more complex due to the use of more integrated systems and the development of more complex process design. Therefore there is an apparent need to find a comprehensive way of ensuring the plant
[Mar. 24, 2014]  President Xi Jinping is leading an effort to reform China’s energy sector, which has long been under the strict purview of state-owned enterprises. China is expected to raise retail natural gas prices and may also allow investment from private compa
[Mar. 24, 2014]  Willowglen Systems Inc. has been operating in China for a little over a decade.Automated industrial control systems designed and manufactured by the Edmonton-based company underpin 150 power grids in the country and some 25 municipal rail lines, including
China Finance & Acquisition
[Apr. 17, 2014]  China Petroleum & Chemical Corp.  won dismissal of a U.S. lawsuit by a Hong Kong businessman who claimed company executives were involved in a plot that left him imprisoned for five years on trumped-up charges.U.S. District Judge Beverly Reid O&r
[Apr. 17, 2014]  Oil prices were mixed in Asia today after data showed Chinese economic growth slowed further in the first quarter of the year, while investors await the latest US supply report, analysts said.New York’s main contract, West Texas Intermediate for May
[Apr. 16, 2014]  Chinese commodity demand has reached a short-term macroeconomic cyclical bottom and growth should pick up as the year progresses, says Citi Research. “Recent weeks have seen signals of increasing government concern over growth rates and a desire to
China Govt & Regulatory
[Apr. 17, 2014]  In case of showdown over Ukraine, Russia aims at replacing Europe with China to sell its huge reserves of oil and gas, but Beijing is open to energy collaboration with the Kremlin only on its own terms.Western powers and Russia keep on skirmishing over Uk
[Apr. 15, 2014]  Smog-hit China is set to pass a new law that would give Beijing more powers to shut polluting factories and punish officials, and even place protected regions off-limits to industrial development, scholars with knowledge of the situation said.Long-awaited
[Mar. 28, 2014]  Since February, state-owned oil majors have taken steps toward pilots in mixed-share ownership, following central government calls for reforms to state-owned enterprises (SOEs). After the Chinese New Year, China Petroleum and Chemical Corp. (Sinopec)
Contact SZ
101,No. 19, Lane 111, Fudu Rd
Shanghai, 201100, China
Tel: (86 21) 54383583
ICP 07002695