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  • CNPC's oil, gas output hits record high of TOE in 2020

    China National Petroleum Corporation (CNPC), the country's largest oil and gas producer, said that its oil and gas output grew to a record high of over 200 million tonnes of oil equivalent (TOE) in 2020.


  • Massive Xinjiang oil field sees annual production over 2 mln tonnes

    A new conglomerate oil field in northwest China's Xinjiang Uygur Autonomous Region with an estimated total reserve of 1 billion tonnes saw its oil production this year surpass 2 million tonnes, according to the PetroChina Xinjiang branch.


  • China port tops 100 million tonnes in oil, gas throughput

    Ningbo Zhoushan port, China's busiest port in the eastern province of Zhejiang, reported its oil and gas throughput exceeding 100 million tonnes in the first ten months of the year, marking the first time it reached this volume, local authorities said.


  • INE kicks off trading of low sulfur fuel oil futures contracts Mon.

    Shanghai International Energy Exchange (INE), subsidiary of Shanghai Futures Exchange (SHFE), launched trading of low sulfur fuel oil futures contracts from Monday, with night trading scheduled to be rolled out on the same day, reported Xinhua-run Shanghai Securities News.


  • E. China pilot FTZ opens up oil, gas industry chain

    The Ministry of Commerce will foster the opening-up of the oil and gas industry chain in east China's Zhejiang Pilot Free Trade Zone (FTZ).


  • China opens oil, gas exploration market to private, foreign firms

    China will fully open up its market for oil and gas exploration and production to private and foreign companies, the Ministry of Natural Resources said Thursday.


  • Iraq to turn on again Eni's business, in team with Exxon and Petrochina

    Eni and BP will build an oil pipeline, a 400 million dollars project, but there is still room for the US giant. The development of the new Nahr Bin Umar and Artawi oilfields – with Exxon and Petrochina – is a work in progress.


  • Shanghai Baoye starts building Talara modularized furnace project in Peru

    Shanghai Baoye Group Co., Ltd., a state-owned Chinese large building and metallurgical works general contractor, started constructing the Talara modularized transform furnace project in Peru on May 9.


  • Massive shale oil reserves found in north China

    Massive shale oil reserves have been found in north China's Tianjin Municipality.


  • Multiple co-op agreements signed at Xi'an grain and oil summit

    A number of cooperation agreements were signed at the Xi'an International Grain and Oil Summit held from February 22-23 in Xi'an, capital city of Shaanxi Province in northwest China, reported on Tuesday.


  • China-Myanmar oil pipeline carries more than 10 mln t crude to China

    The China-Myanmar oil pipeline has been running smoothly for 425 days, unloading 47 oil tankers of 10.98 million tonnes of crude oil as of July 17 since May 19, 2017, according to news release by CNPC.


  • Iraq signs deal with Chinese company to develop oil field in Baghdad province

    The Iraqi Oil Ministry on Wednesday signed a contract with a Chinese company to develop the Eastern Baghdad oil field.


  • China's crude oil stockpile rises 1.58 pct

    China's commercial crude oil stocks rose 1.58 percent in February from the previous month, while stocks of refined oil surged 13.6 percent.


  • Morocco joins hands with int'l energy giants in oil, gas explorations

    The Moroccan authorities said on Wednesday that the country signed an agreement with oil giants Royal Dutch Shell and Spain's Repsol to conduct onshore oil and gas explorations in southern Morocco.


  • Chinese firm signs contract for oil refining project in Nigeria

    China National Chemical Engineering No. 7 Construction Co., Ltd. (CC-7) signed an EPC contract with Dangote Group on February 1 for a projects package in the core area of Dangote Oil Refining Project in Nigeria.


  • China's refined oil demand expected to grow 3 pct in 2018

    China's demand for refined oil is likely to rise 3 percent year on year in 2018 and slow down gradually in the medium- and long-term, an industrial report predicted.


  • China's crude oil stockpile rises 3.24 pct

    China's commercial crude oil stocks went up 3.24 percent in December compared with a month earlier, while stocks of refined oil products surged 9.1 percent.


  • Oil piped from Myanmar to China hits 3.9 mln tonnes in 2017

    The China-Myanmar crude oil pipeline carried 3.87 million tonnes of crude oil into China last year, customs authorities in southwest China's Yunnan Province said on January 26.


  • U.S. crude oil inventories fall further: report

    U.S. crude oil inventories decreased while the refining sector is continuing to run near capacity, according to a report released by the U.S. Energy Information Administration (EIA) on Wednesday.


  • Oil prices up following crude inventories' fall

    The American Petroleum Institute (API) reported a staggeringly large draw of 11.19 million barrels of U.S. crude oil inventories for the week ending Jan. 5, marking six large draws.


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