[Mar. 2, 2012] China National Offshore Oil Corp (CNOOC) broke ground to mark the start of construction of the country's first floating liquefied natural gas (LNG) receiving and storage facility near the northern cit...
[Feb. 29, 2012] China Petrochemical Corp. said it has successfully applied multistage fracturing technology to tap shale oil and gas reserves at the Shengli oil field in northern China. The achievement takes the...
[Feb. 13, 2012] China North East Petroleum (NEP) is an independent oil company that engages in oil drilling project management and the extraction of crude oil in several oilfields in Northern China. As with many other Chinese firms, the company had a significant decrease
[Feb. 13, 2012] Beijing’s gas consumption is expected to reach 7.8 billion cubic meters (bcm) this year, an increase of 13.04 percent from 2011, Xu Chunfang, a spokesperson for local distributor Beijing Gas Group Co. Ltd., told Interfax on Friday.
[Feb. 2, 2012] The third-largest crude oil reserve base in China has begun operating in Hebei province in the north of the country.The base, in the Caofeidian industrial zone owned by China Petrochemical Corp., known as Sinopec Group, was put into operation Tuesda
[Feb. 2, 2012] Sinopec Group, parent of top Asian refiner Sinopec Corp , has begun operating a 20 million-barrel crude oil reserve base in northern China, the official Xinhua news agency said on Wednesday.The storage in Caofeidian area of Hebei province contains 32 tank
[Dec. 19, 2011] Asian American Gas Inc. (AAGI) has won Chinese government approval for its overall development plan (ODP) for the Panzhuang coalbed methane (CBM) project in Shanxi Province’s Qinshui Basin, paving the way for AAGI to proceed with what will be the first Si
[Dec. 19, 2011] Natural gas prices in Hebei Province’s Qian’an City are set to be slashed after the city started receiving gas from the 2nd Shaan-Jing Natural Gas Pipeline (SJNGP II) last month, Duan Chunan, a Qian’an municipal government official, told Interfax on Frida
[Dec. 15, 2011] Singapore-listed Sinostar PEC Holdings has postponed its proposed acquisition of Dongming Runchang Petrochemical Co, which owns a heavy oil conversion facility in east China’s Shandong province, due to the current "unfavorable market conditions and u
[Dec. 6, 2011] China National Offshore Oil Corp. (CNOOC) announced on Friday it has signed a cooperation framework agreement with Yantai Port Group Ltd. to build a floating storage and regasification unit (FSRU) project in Shandong Province’s Yantai City.
[Dec. 6, 2011] Beijing Municipality’s consumption of natural gas surged by nine percent on Friday as the capital witnessed its first snowfall of this winter, Xu Chunfang, a representative of the local gas distributor Beijing Gas Group Co. Ltd., told Interfax today.
[Nov. 25, 2011] The National Energy Administration (NEA), China’s energy regulator, has approved plans to begin preliminary work on the 3rd Jingbian-Xi’an Pipeline in Shaanxi Province, the Shaanxi arm of the National Development and Reform Commission (Shaanxi NDRC) said
[Nov. 18, 2011] China National Petroleum Corp.’s (CNPC) liquefied natural gas (LNG) receiving terminal in Dalian City, Liaoning Province received its first shipment of LNG Nov. 16, the company announced Nov. 17.
[Nov. 11, 2011] PetroChina Dagang Oilfield Co. (PetroChina Dagang) is studying the possibility of using an aquifer in Tianjin Municipality to store natural gas, a development that would be a first in China, Liu Yanping, director of PetroChina Dagang’s Drilling and Explor
[Nov. 11, 2011] China North East Petroleum Holdings Limited (the "Company") (NYSE Amex: NEP), a leading independent oil producing and oilfield services company in Northern China, today announced consolidated financial results for the third quarter ended S
[Nov. 8, 2011] The municipal government of Qingdao in Shandong Province has warned that the city faces average daily gas shortages of 200,000 cubic meters this winter.
[Nov. 8, 2011] Shandong Province’s demand for natural gas between now and March next year is expected to outstrip supply by 510 million cubic meters, Sun Mingzhi, an official with the Shandong Gas and Thermal Association (SGTA), told Interfax Nov. 7.
[Nov. 7, 2011] The Saudi Basic Industries Corporation (SABIC) received a senior Chinese official, He Lifeng, vice party secretary of Tianjin City government, at its headquarters in Riyadh on Friday in a strong sign of the company’s growing business profile in Chin
[Nov. 7, 2011] China Knowledge reported that China Resources Gas Group Ltd has inked an agreement with Tianjin Gas Group Co to set up a joint venture in Tianjin with a total investment of CNY 6 billion.Pursuant to the agreement, Hong Kong listed China Resources Gas will
[Nov. 4, 2011] China Resources Gas Group Ltd. (CRG) is aiming to tap into Tianjin Municipality’s lucrative gas market through a joint venture (JV) with state-owned Tianjin Gas Group Co. Ltd. (Tianjin Gas), China Resources Gas announced Nov. 2.
[Nov. 4, 2011] Beijing’s consumption of natural gas is expected to top 6.4 billion cubic meters (bcm) this winter, up by as much as 20 percent year-on-year, the Beijing arm of the National Development and Reform Commission forecast Nov. 3.
[Nov. 4, 2011] The Inner Mongolia Autonomous Region’s Taipusi County will begin receiving natural gas from China Petrochemical Corp. (Sinopec Group) once a gas utilization project comes on-line next July, a Taipusi county government official told Interfax Nov. 3.
[Nov. 4, 2011] Oil and gas company Sino Oil and Gas Holdings Limited ("Sino Oil and Gas Holdings", the "Company", HKEx: 702) announces that on 3 November 2011 a conditional agreement was entered into for the proposed acquisition of an oil and natural
[Nov. 3, 2011] Shanghai. November 2. INTERFAX-CHINA - China National Petroleum Corp. (CNPC) has commenced natural gas supplies to Qingdao, the largest city in Shandong Province, CNPC announced Nov. 2.
[Nov. 3, 2011] Beijing. November 2. INTERFAX-CHINA - Shaanxi Yanchang Petroleum (Group) Co. Ltd., China’s fourth-largest oil producer, has been selected by the Ministry of Land and Resources (MLR) to build a shale gas development demonstration project, Du Yan, director
[Nov. 3, 2011] Tianjin Tianlian Public Utilities Company Limited ("Tianlian" / "the Company") (SEHK:1265) announces that the Board of the Company has been informed by its 51.30%-stake controlling shareholder Tianjin Gas Group Company Limited ("T
[Nov. 2, 2011] Shanghai. November 1. INTERFAX-CHINA - China National Offshore Oil Corp. (CNOOC) is planning a floating storage and regasification unit (FSRU) project in Tianjin Municipality’s Harbor Economic Area, a CNOOC official, Zhang Shunlin, confirmed to Interfax N
[Oct. 31, 2011] China North East Petroleum Holdings Limited (the "Company") (NYSE Amex: NEP), a leading independent oil producing and oilfield services company in Northern China, today announced that it has completed the seismic testing of its Durimu oilfield.C
[Oct. 28, 2011] Shanghai. October 27. INTERFAX-CHINA - The tenants of Hengshui’s North Industrial Park in Hebei Province began receiving natural gas supplies from China Petrochemical Corp. Ltd. (Sinopec Group) this week, the Hengshui municipal government announced via it
[Oct. 27, 2011] With new pipeline infrastructure and terminals in place, northern and western China are unlikely to experience natural gas shortages this winter, but the supply situation in southern regions is less certain, the National Development and Reform Commission
[Oct. 26, 2011] Shanghai. October 25. INTERFAX-CHINA - Zhangjiakou City in Hebei Province has finalized the retail price of natural gas sourced from China National Petroleum Corp.’s (CNPC) 1st Shaan-Jing Gas Pipeline (SJP 1), the Zhangjiakou Municipal Pricing Bureau anno
[Oct. 24, 2011] PetroChina is joining forces with Beijing Enterprises and China Suntien Green Energy Co. to build and operate a liquefied natural gas (LNG) terminal in Caofeidian harbor of Tangshan, north China, according to several local media reports.The LNG term
[Sept. 23, 2011] Shaanxi Yanchang Petroleum Group Co. Ltd. (Yangchang Petroleum), the largest state-owned oil and gas producer in Shaanxi Province and the fourth-largest in the country, will wrap up construction of a liquefied natural gas (LNG) project by the end of
[Sept. 15, 2011] Shandong Province’s Yiyuan County began receiving natural gas from China National Petroleum Corp.’s (CNPC) West-East Gas Pipeline Network (WEPI and WEPII) on Sept. 12, the county Government announced Sept. 12.
[Sept. 14, 2011] Hong Kong Stock Exchange-listed gas distributor Zhongyu Gas Holdings Ltd. (Zhongyu Gas) has agreed to fully acquire natural gas pipeline operator Nanjing Jinqiao Energy Investment Management Co. Ltd (Jinqiao Energy Investment) to gain a foothold in Jiangs
[Sept. 13, 2011] China’s implied oil demand in August slipped to the lowest rate this year as plant maintenances and accidents cut into refinery production, but on a year-on-year basis expanded 7.8 per cent, Reuters calculations based on preliminary government data show.F
[Sept. 13, 2011] Shenhua Group Corp. Ltd., China’s largest coal producer, is targeting 1.8 billion cubic meters (bcm) of annual coal-to-gas (CTG) output by 2015, the company said at an industry conference in Beijing on Sept. 8.
[Aug. 26, 2011] Kvaerner and COOEC have jointly invested in engineering and fabricating of a demonstration module to document the partners’ combined capabilities for delivering new offshore oil and gas platforms. After the start of the engineering and procurement in Janu
[Aug. 26, 2011] Zhangjiakou City in northern China’s Hebei Province has linked to the 1st Shaan-Jing Natural Gas Pipeline (SJP I), according to a notice on the city government’s official website Aug. 25.
[Aug. 23, 2011] Green Dragon Gas (LON:GDG) announced today it has successfully installed two new Caterpillar generator systems to supply power to facilitate gas production on its Shizhuang South (GSS) block in Shanxi Province, China.The company, one of the largest indepe
[Aug. 23, 2011] China National Petroleum Corp. (CNPC), the country’s largest oil and gas producer, has expanded coalbed methane (CBM) production capacity by 500 million cubic meters (mcm) in Shanxi Province’s Qinshui Basin, the company said in a statement released Aug. 2
[Aug. 22, 2011] China National Petroleum Corporation (CNPC), the parent of PetroChina, is entering the Shandong market, China’s oil heartland, using a new approach. This approach is different from other central-administered state owned enterprises (COEs) because CNP
[Aug. 22, 2011] It is reported that Sinopec Shandong Taishan Petroleum posted a 45.73%YoY increase in net profit from the first half of 2011 to CNY 7.78 million. Revenue increased 28.33% to CNY 1.94 billion during the reporting period.Sales volume of refined oil was 258,
[Aug. 19, 2011] Sinopec Shandong Taishan Petroleum (000554) posted a 45.73 percent increase in net profit from the first half of 2011 to 7.78 million yuan, reports the China Securities Journal, citing a company filing. Revenue increased 28.33 percent to 1.94 billio
[Aug. 18, 2011] Hong Kong Stock Exchange-listed Sino Oil and Gas Holdings Ltd. (Sino Oil & Gas) expects annual production capacity of a coalbed methane (CBM) block in Shanxi Province to reach one billion cubic meters (bcm) by 2014, the firm announced Aug. 15.
[Aug. 15, 2011] China National Petroleum Corp.’s (CNPC) 130 horizontal wells at Sulige Gasfield in the Inner Mongolia Autonomous Region boast an average daily output of 65,000 cubic meters, but the field’s most prodigious well has a daily output of 205,000 cubic meters,
[Aug. 15, 2011] China’s biggest oil refineries increased their processing rate from two weeks earlier, industry portal Oilchem.net reported.The utilization rate climbed 0.15 percentage point to 79.24 percent, Shandong-based Oilchem reported on its website, citing a
[Aug. 12, 2011] China’s state-owned Shaanxi Yanchang Petroleum has signed an agreement to acquire a 15% stake in oil products distributor Henan Xinyuan from an independent party for an undisclosed amount, according to a statement issued Friday by Hong Kong-listed Sino Un
[Aug. 12, 2011] CNPC Bohai Drilling Engineering Co. Ltd. (Bohai Drilling), a unit of China National Petroleum Corp. (CNPC), has completed fracturing an exploratory coalbed methane (CBM) well in central China’s Shanxi Province, CNPC announced August 10.
[Aug. 12, 2011] Growth in China’s apparent oil consumption is expected to ease to 5 percent a year on average from 2011 to 2015, reflecting slower economic expansion and efforts to cut emissions, an official of the China Petroleum and Chemical Industry Federation (CPCIF)
[Aug. 11, 2011] China Petrochemical Corp. (Sinopec) expects to complete construction of a gas pipeline from Daniudi Gasfield in the Inner Mongolia Autonomous Region to Yulin City in Shaanxi Province by the end of August, the firm announced Aug. 10.
[Aug. 8, 2011] Sinopec Group’s Round-table Discussion of Management Team was held on August 3 in Beijing. At the Round-table, "Building a World-class Energy and Chemical Company" has been put forward as the core objective of Sinopec’s long-term development. Th
[Aug. 2, 2011] China Daily reported Shaanxi Yanchang Petroleum Co, China fourth biggest oil producer by output is planning to strengthen its petrochemical division and cut the weighting of its oil and gas unit in its total portfolio after its oil resources were squeezed
[Aug. 1, 2011] Operating rates of independent refineries in Shandong Province averaged 39.6% Thursday, down by 5.1 percentage points from one week ago and down by 0.4 percentage points compared with a year earlier, C1’s research showed. Many of the refineries reduced cr
[Aug. 1, 2011] Beijing Petroleum Exchange (BPEX) is planning to introduce its first price indexes for petroleum-related products by the end of the year. The move is aimed at underlining China’s influence on oil pricing in the global market in the long run, a top executi
[Jul. 28, 2011] Negotiations on China-Russian natural gas cooperation need a strategic outlook to ensure a breakthrough in the upcoming rounds of talks, according to analysts. Talks between Russian gas giant Gazprom and China National Petroleum Corporation (CNPC) have la
[Apr. 22, 2011] BASF SE, the world’s largest chemical company, kicked off the construction of a new chemical plant in north China’s harbor municipality of Tianjin on Wednesday, said an official with the company.
[Mar. 30, 2011] Gasoil wholesale quotes rose above retail ceiling prices in North China as most market players became more confident in the market, with upward adjustment window for retail ceilings opened.
[Jan. 12, 2011] Shanghai－－Slurry supply is forecast to become tighter in North China in January when two major refineries in the region would halt supply, according to a source with Sinopec Fuel Oil’s Tianjin branch.Sinopec’s 13-mil-mt/yr Tianjin Petrochemical and 3.5-mil-mt/yr Cangzhou Refinery would both use all of their slurry to feed delayed cokers in January, the source said.
[Jan. 12, 2011] Shanghai－－Slurry supply is forecast to become tighter in North China in January when two major refineries in the region would halt supply, according to a source with Sinopec Fuel Oil’s Tianjin branch.Sinopec’s 13-mil-mt/yr Tianjin Petrochemical and 3.5-mil-mt/yr Cangzhou Refinery would both use all of their slurry to feed delayed cokers in January, the source said.
[Jan. 12, 2011] Shanghai－－A combined 116,000mt of gasoline and gasoil were transported southwards from Tianjin port in North China in December 2010, up 30% from the previous month, according to a port source.The volume of gasoline was 36,000mt, down 13% on month, while gasoil increased 53% to 80,000mt, the source said.
[Jan. 7, 2011] China National Petroleum Corporation, oil and gas producer and supplier, has completed and put into operation the third Shaanxi-Beijing Gas Pipeline. The new pipeline will pump additional 20 million cubic meters of natural gas per day from northwestern China’s Shaanxi Province to Beijing and surrounding areas to ease the shortage of gas supply for winter heating.
[Jan. 5, 2011] THE first oil pipeline linking Russia’s far east and northeastern China began official operations.General manager of Pipeline Branch of Petro China Co., Yao Wei, marked the occasion at 11.50am local time in Mohe, Heilongjiang Province, on the China-Russia border, the report stated.
[Jan. 5, 2011] At the opening of the Chinese part of an oil pipeline from Russia to China, the General Manager of the "Petrochina" company Yao Wei said that this is the beginning of a new stage in Russo-Chinese energy cooperation.The ceremony took place in place in Mohe, China’s most northern point. From Mohe, Russian oil will go to oil-processing plants in northeastern China.
[Jan. 4, 2011] The third natural gas pipeline from northwestern China’s Shaanxi Province to Beijing was completed Friday and will be put into use on Jan. 4, according to an official of the state-owned China National Petroleum Corp (CNPC).Zhao Yujian, head of the Pipeline Bureau of the CNPC, said at the new pipeline’s completion ceremony that the 896-km-long pipeline can pump as much as 15 billion cubic meters of natural gas annually.
[Dec. 29, 2010] Shanghai－－Sinopec Tianjin Petrochemical plans to process 1.1-mil mt of crude in January, with daily consumption 9.7% higher than the previous month, a refinery source told C1.The refinery saw increasing crude throughput after it expanded annual topping capacity from 5.5-mil mt to 13-mil mt in December 2009, the source said, adding it would continue to run at high rates in 2011 thanks to no turnaround plan.
[Dec. 28, 2010] China National Petroleum Corp. (CNPC), China’s largest oil producer, has finished building a commercial oil depot in Tianjin Municipality, state media reported Dec. 28.
[Dec. 24, 2010] Shanghai－－PetroChina brought on stream a 1-mil-cu-m commercial crude storage in Nangang Industrial Zone in North China’s Tianjin city on Dec 22, according to an official with the local government.The storage comprises ten 100,000-cu-m tanks with PetroChina Dagang Petrochemical as operator, the official said, adding it will be mainly used to store imported crude.
[Dec. 23, 2010] BEIJING -- Tianjin, a municipality in north China, plans to control the number of its gas stations to 1,200 by 2020, acc ording to a plan made by the local government.Currently, Tianjin has about 720 gas stations, of which Sinopec (NYSE:SNP) run s 450 ones, PetroChina owns 160 ones and Shell operates 65 ones.
[Dec. 23, 2010] It is reported that nearly 10 domestic steel enterprises have participated in the bidding for pipeline steel supply for Sinopec No 1 energy network Zhongwei to Guiyang natural gas pipeline project and Lanzhou to Chengdu crude oil pipeline project recently.
[Dec. 21, 2010] In China storage and distribution player Longwei Petroleum Investment Holding will expand petroleum storage capacity in 2011 to keep up with growing demand for petroleum products in its region.‘We are actively exploring strategic opportunities to take advantage of the growth in the marketplace.
[Dec. 21, 2010] Shanghai－－China Shipping & Sinopec Supplies Co Ltd (SinoBunker) sold 600mt of bonded 380CST bunker fuel oil in North China’s Tianjin port on Dec 18, marking the beginning of its bonded bunker business there, according to a source with SinoBunker Tianjin.
[Dec. 17, 2010] Shanghai －－North China recorded a combined 40.51-mil mt of crude output in the first eleven months of 2010, sharply up 30.75% from the same period last year, according to data released by the National Bureau of Statistics. The growth rate was higher than any other producers.
[Dec. 16, 2010] The ZJS-02 well in the downthrown block of the 175,000-acre Zijinshan gas asset in China’s Ordos basin intersected 68 bcf of gas in place, according to consulting engineers and in-house estimates, said Camac Energy Inc., Hartsdale, NY.
[Dec. 10, 2010] Tianjin Pipe Corp.’s 850-acre campus is unlike any other steel factory in the world. Ostriches, spotted deer and peacocks roam the grounds amid willow trees, bamboo bridges and Chinese pavilions. The plant has its own light-rail stop and hotel.Another feature -- the presence inside the fence of large branch offices of China’s three biggest state-owned banks -- symbolizes the government financial support that puts Tianjin Pipe at the center of a growing trade dispute, Bloomberg Markets magazine reports in its January issue.
[Dec. 8, 2010] PetroChina (601857, 0857.HK) plans to complete the third natural gas pipeline connecting Shaanxi province and Beijing by the end of December, 2010, reports 163.com, citing a company filing.The pipeline is designed to supply 15 billion cubic meters of natural gas to Beijing per year. The completion of the pipeline was delayed by more than two months.
[Dec. 7, 2010] C1 Energy (Shanghai) －－A combined 93,700mt of gasoline and gasoil were transported southwards from Tianjin port in North China in November, up 30% from the previous month, according to a port source.The volume of gasoline was 41,500mt, down 11% on month, while gasoil swelled 105% to 52,200mt, the source said.
[Dec. 6, 2010] Sinopec’s <0386.HK> Jinling refinery has postponed the maintenance of a 50,000-barrel-per-day crude oil unit and a 1.5 million-tonne-per-year coking unit from December to March, an industry source said on Monday.The 20-day repair plan was previously scheduled to be kicked off in mid-December
[Dec. 2, 2010] PetroChina Daqing Petrochemical is scheduled to process 550,000mt of crude in December, with daily throughput at 18,000mt, flat from the previous month, said a refinery source.The refinery was under oil product inventory pressures due to limited railway transportation capacity ahead of the year-end, the source revealed.
[Dec. 2, 2010] Sinopec Changling Petrochemical plans to refine 460,000mt of crude in December, with daily throughput averaging 15,000mt, sharply up about 35% from one month ago, a refinery source said, adding its newly-established 8-mil-mt/yr crude distillate unit functioned well.
[Dec. 2, 2010] Fushun Mining awarded Monday its sell tender for 15,000mt of shale oil at about Yuan 4,926/mt, down Yuan 160/mt or 3.15% from the previous one, according to a source with the refinery.The decline could be mainly attributable to weaker affordability of bunker blenders as bunker fuel oil prices dropped amid soft international crude prices, the source explained.
[Dec. 2, 2010] It is reported that China National Offshore Oil opened a gasoline station in Beijing.CNOOC has nine gasoline stations in Beijing, but most of them are in the city rural areas including Fangshan, Huairou and Changpin districts. Separately, CNOOC subsidiary signed a contract with BP plc to purchase a 60% equity stake in Pan American Energy from the latter.
[Dec. 2, 2010] Lummus Technology has been awarded a contract by Liaoning Tongyi Petrochemical Co., Ltd. for the license and engineering design of grassroots OCT olefins conversion units and CATOFIN dehydrogenation units at several of its sites in the People’s Republic of China.
[Dec. 2, 2010] State-owned China National Petroleum Corp. (CNPC), the country’s largest oil and gas producer, has put a fourth natural gas processing plant into operation at the Sulige Gasfield in North China’s Ordos Basin, state media reported Dec. 1.
[Dec. 2, 2010] Beijing PowerUnique Technologies, Co., Ltd. (BPUT), a wholly owned subsidiary of China Intelligence Information Systems, Inc.(CIISI) (OTC Bulletin Board: IICN), announced that its system integrator (SI) has signed a contract with PetroChina NingXia Petrochemical Company (NingXia Petrochemical) to implement data center virtualization solutions.
[Dec. 1, 2010] PetroChina pegged after-tax inner settlement price of Daqing crude for December at Yuan 4,704/mt, up Yuan 129/mt or 2.8% on month, according to a source with the oil tycoon.The price was calculated on the basis of changes in international crude prices during Oct 26-Nov 25, when FOB price of main benchmark crude Cinta rose by US$2.5/bbl to US$83.07/bbl.
[Dec. 1, 2010] Australia-listed Sino Gas & Energy has struck gas in the TB-09 well in the onshore Ordos basin, located in the Shanxi province, China.TB-09 was drilled to a total depth of 2150 metres and Sino Gas said electric logging confirmed the presence of gas across four prospective zones.
[Nov. 30, 2010] An explosion at a polyvinyl chloride plant in northern China killed four people and injured dozens of others, according to government reports. The accident took place at the Yushe Chemical Industry complex. In operation since the 1970s the plant has capacity to produce 400,000 tpa of PVC from coal-derived acetylene.
[Nov. 26, 2010] Shandong provincial government mulls establishing a unified brand of oil products for independent refineries. Shandong Economic and Information Technology Committee (SEITC) on Sep 30 issued a proposal to municipal governments and related authorities that Shandong should step up a unified brand for local independent refineries’ petroleum products and encourage independent refiners to actively develop their own gas stations
[Nov. 26, 2010] Wholesale prices of gasoil went down in the Bohai Bay region and were nearly flat with retail ceilings on increasing supply and the government’s crackdown on overpricing, C1’s survey found.
[Nov. 26, 2010] Operation rates of Shandong independent refineries averaged 43.8% Thursday, slightly down 0.2 percentage points from one week ago, up 12.8 percentage points on a yearly comparison, C1’s survey showed.
[Nov. 26, 2010] Shandong provincial government mulls establishing a unified brand of oil products for independent refineries. Shandong Economic and Information Technology Committee (SEITC) on Sep 30 issued a proposal to municipal governments and related authorities that Shandong should step up a unified brand for local independent refineries’ petroleum products and encourage independent refiners to actively develop their own gas stations.
[Nov. 26, 2010] Sinopec strenuously forged ahead in China bonded bunker market this year. As of this October, Sinopec has set up four bonded bunker supply business locations in the country, and just opened business in its fifth business location, Tianjin municipality.
[Nov. 18, 2010] China National Petroleum Corp (CNPC), the country’s largest oil and gas producer, has used gas from its stockpiles to meet the rising demand for winter energy, company sources said on Wednesday.The company took 5.7 million cubic meters (cu m) of gas.
[Nov. 18, 2010] PetroChina and Royal Dutch Shell have agreed to jointly evaluate coalbed methane gas reserves in the Daning block in Erdos Basin in northern China, Reuters reported, citing China Petroleum Daily.The report on Nov 10 did not provide more details.
[Nov. 18, 2010] PetroChina has stored natural gas to ensure adequate supply to the Beijing and Tianjin areas, as many of its long-distance natural gas transportation pipelines are fully operational, reports quamnet.com.Dagang natural gas storage of PetroChina
[Nov. 17, 2010] PetroChina Co., the nation’s largest oil producer, withdrew gas from its Dagang stockpiles to meet rising winter demand.The company has taken 13.7 million cubic meters of gas from its Dagang storage facility in Tianjin to meet the heating needs.
[Nov. 17, 2010] PetroChina Co Ltd began tapping natural gas from underground reserves in northern China on Nov. 15, when Beijing started full-scale winter heating, as normal supplies failed to meet demand.The dominant Chinese gas supplier pumped 5.7 million cubic metres.
[Nov. 17, 2010] China National Petroleum Corp. (CNPC), China’s largest oil and gas producer, started distributing gas to Beijing Municipality on Nov. 15 from the Dagang Oilfield gas depot in neighboring Tianjin Municipality, the company said in a newsletter on Nov. 17.
[Nov. 17, 2010] Reuters reported that China top gas producer China National Petroleum Corp will increase gas supplies to Beijing by 18%YoY to 7.6 billion cubic meters.Beijing, the largest gas consuming city in China and many other cities were hit by gas shortages.
[Nov. 16, 2010] SinoTech Energy Limited, a provider of oil recovery services, has announced a capacity expansion of its lateral hydraulic drilling, or LHD, service in China.SinoTech has put two new LHD units into immediate operation to service its customers in the Dagang
[Nov. 16, 2010] PetroChina, China’s largest natural gas supplier, will increase natural gas s upplies by 18 percent to a total of 7.6 billion cubic meters to Beijin g, capital of China, reported the parent CNPC-run China Petroleum News paper.
[Nov. 15, 2010] Northern China could face natural gas shortages of 9 million cubic metres a day during peak winter demand, a PetroChina (0857.HK) executive told state media on Monday, contradicting a government official’s earlier assurance that supply would meet demand nationwide.
[Nov. 12, 2010] November 8, Yanshan Petrochemical business plan, said Minister Zhou Haitao, Yanshan Petrochemical emergency increase in just 3 days, opened a distillation unit, after driving this device, combined with efforts to tap the stock, the month there will be 5 million tons of diesel oil by the amount of the market, to alleviate the tight supply of diesel fuel the current market situation.
[Nov. 12, 2010] Yanshan Petrochemical Corporation, General Manager Wang Yongjian, Party Secretary Su Wensheng leading members of the team leading the major functional departments and professionals to hold talks with the Shougang Corporation and consultations, both sides focused on the Caofeidian Industrial Park Construction Projects Cooperation Issues discussed and approached, both sides agreed that the capital is located and with a good working relationship with large national enterprises, the development of building in other places also have good opportunities for cooperation.
[Nov. 12, 2010] Shengli oilfield, Sinopec (NYSE:SNP) (SNP.NYSE; 600028.SH; 0386.HK)’s flagship oil producing unit, has added some 311,000 metric tons of crude oil production capacity in the first ten months in 2010 as 105 new oil wells were drilled during the period, the company said on Thursday.
[Nov. 11, 2010] Operation rates of independent refineries in Shandong Province hit a 28-month high of 50.9% on average Thursday, up 3.6 percentage points from a week ago, up 21.9 percentage points from a year earlier.
[Nov. 11, 2010] Sinopec (NYSE:SNP) Corp. (SNP.NYSE; 00386.HK; 6000 28.SH) Yanshan Petrochemical plans to restart a refining unit with cap acity of 2.5 million metric tons (tonnes) per year, reported its paren t Sinopec Group on website on Wednesday.
[Nov. 11, 2010] PetroChina (0857.HK: Quote) and Royal Dutch Shell (RDSa.L: Quote) have agreed to jointly evaluate coalbed methane gas reserves in the Daning block in Erdos Basin in northern China, China Petroleum Daily reported on Wednesday.
[Nov. 10, 2010] Refineries affiliated to Sinopec received instruction from the headquarters on holding their offers of LPG stable at current levels, market sources said.Yanshan Petrochemical, Tianjin Petrochemical and Luoyang Petrochemical in North China
[Nov. 10, 2010] In order to raise gasoil production, Sinopec Yanshan Petrochemical in North China has lately restarted a long-idled 2.5-mil-mt/yr crude distillate unit (CDU), according to a source with the refinery.
[Nov. 10, 2010] PetroChina (0857.HK: Quote) and Royal Dutch Shell (RDSa.L: Quote) have agreed to jointly evaluate coalbed methane gas reserves in the Daning block in Erdos Basin in northern China, China Petroleum Daily reported on Wednesday.
[Nov. 9, 2010] Independent refineries in Shandong Province have largely suspended their quotations of gasoil since last weekend due to stronger price surveillance carried out by the government, C1’s survey found.Of the 34 refineries surveyed by C1
[Nov. 9, 2010] Beijing Municipality is expected to consume 5.927 billion cubic meters of natural gasduring this winter season, up 13 percent year-on-year, Beijing Gas Group (BAG) forecast on Nov. 8.
[Nov. 8, 2010] The Chinese capital Beijing has acquired daily natural gas receiving capacity of 70 million cubic meters, Li Yalan, deputy general manager of the Beijing Gas Group Co., Ltd (Beijing Gas), said in an interview with Xinhua during the weekend.
[Nov. 8, 2010] Shandong Jincheng Petrochemical Co Ltd in East China’s Shandong Province resumed operation of its 800,000mt/yr coker on Nov 1, revealed a company source. Together with another 600,000mt/yr coker, the refinery currently yielded 800-900mt.
[Nov. 5, 2010] PetroChina Dalian Petrochemical plans to process 1.5-mil mt of crude oil in November, flat on month, a refinery source told C1.The refinery accumulatively refined 14.6-mil mt of crude oil in the first ten months, accounting for 85% of the target for
[Nov. 5, 2010] Univation Technologies LLC announced that PuCheng Clean Energy Chemical Co. Ltd (PuCheng) has selected Univation’s UNIPOL PE Process for a 300,000 tpa high density polyethylene/ linear low density swing plant. The Unipol PE Process facility
[Nov. 5, 2010] The next five years are likely to mark the last surge in China’s refinery expansion, as oil demand growth eases and Beijing places greater emphasis on pollution control. It is projected that China could spend $55bn to add more than 4mn b/d
[Nov. 3, 2010] Sinopec Shijiazhuang Refinery cut its LPG daily supply by 25% to about 450mt as its fluid catalytic cracker entered 7-10-day maintenance on Nov 1, a refinery source said.The refinery stabilized its LPG posting price at a high level of Yuan 5,630/mt
[Nov. 2, 2010] Due to sustained supply tension, market prices of naphtha from independent refineries in Shandong Province were close to gasoline wholesale prices, C1’s survey found.Naphtha prices hit Yuan 7,070/mt in Shandong on Oct 29; meantime.
[Nov. 1, 2010] PetroChina Daqing Petrochemical is slated to refine 530,000mt of crude in November, with daily throughput flat at 18,000mt compared with the previous month, a refinery source told C1.With no turnaround plan in the fourth quarter.
[Oct. 29, 2010] Beijing Municipality plans to hold a public hearing regarding a proposed natural gas price hike on Nov. 12, the Beijing Municipal branch of the National Development and Reform Commission announced on its Web site on Oct. 28.
[Oct. 29, 2010] Operation rates of independent refineries in Shandong Province averaged 43.4% Thursday, down 5 percentage points from a week ago, up 14.4 percentage points from a year earlier, C1’s survey showed.
[Oct. 28, 2010] Sinopec Shanghai Petrochemical Company Limited ("Shanghai Petrochemical" or the "Company") (HKEx: 338; SSE: 600688; NYSE: SHI) announced today the unaudited operating results of the Company and its subsidiaries (collectively, the "Group") for the nine-month period ended September 30, 2010 (the "Period").
[Oct. 28, 2010] Sinopec (NYSE:SNP) (SNP.NYSE; 00386.HK; 600028.SH)Tianjin Petrochemical processed 8.3286 million metric tons (tonnes) o f crude oil during January to September period, reported Sinopec Group website on Wednesday.
[Oct. 27, 2010] Panjin Northern Asphalt plans to build a 1-mil-mt/yr crude distillate unit in December 2010, with construction scheduled to be complete in about one year, according to a refinery source.
[Oct. 26, 2010] China National Offshore Oil Corporation (CNOOC) has begun building one gigawatt offshore wind farm in Bohai Bay.The Bohai Bay offshore wind farm is expected to be completed in 2020.
[Oct. 22, 2010] Yantai Wanhua Polyurethane (600309) posted a 0.37 percent year-on-year growth in net profit to 363 million yuan in the third quarter of 2010, with earnings per share (EPS) of 0.22 yuan, reports Caijing, citing a company filing.
[Oct. 21, 2010] Operation rate of independent refineries in Shandong Province averaged 48.4% Thursday, inching up 0.8 percentage points from a week ago, sharply up 22.4 percentage points from a year earlier, C1’s survey showed.
[Oct. 18, 2010] China National Petroleum Corporation, parent of PetroChina, announced Monday that it has completed renovation and upgrades of a refinery in northeast China’s Liaoyang to daily process 200,822 barrel of crude oil imported from Russia.The renovation and upg
[Oct. 15, 2010] TIANJIN - China plans to build a top-class yacht port in the northern city of Tianjin by the year-end, which will allow the country’s super-rich to dock their luxury vessels at a port near the capital Beijing, local officials said Wednesday.
[Oct. 13, 2010] China National Offshore Oil Corp. (CNOOC), China’s largest offshore oil and gas producer, has taken over Dongying port in Shandong province as a stronghold to develop the company’s oil storage capacity, China Chemical Daily has reported.
CNOOC breaks ground for China's 1st floating LNG project
