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  • China's oil giants target early carbon peaking before 2030

    China's leading oil and gas producers including China Petroleum & Chemical Corporation (Sinopec) and PetroChina Company Limited (PetroChina) have recently announced to achieve early carbon peaking before 2030.


  • Global oil and gas trade center to continue shifting eastward, Deloitte report

    The trade center for global oil and gas industry is expected to continue shifting eastward under the impact of the COVID-19 pandemic, with international oil trade scale likely to drop slightly, according to a report released by the international consulting firm Deloitte on Wednesday.


  • Sinopec Yuanba gasfield output tops 20bln cu.m

    Gas yield of Yuanba gasfield in southwest China's Sichuan province has totaled 20.002 billion cubic meters since commissioning in December, 2014, according to its developer China Petrochemical Corporation (Sinopec), China's largest oil refiner.


  • Oil majors expand wind power campaign

    China's major oil and gas companies are stepping up efforts to develop wind power, as the focus on renewables gains traction amid ongoing efforts to achieve peak carbon dioxide emissions by 2030.


  • China's oil, gas exploration investment hits record high in 2019

    China's investment in oil and gas exploration set a record high of 82.13 billion yuan (about 11.76 billion U.S. dollars) in 2019, up 29 percent year on year, according to the Ministry of Natural Resources.


  • 5G empowers oil, gas production in NW China's Taklimakan Desert

    A 5G base station that recently began operation in the heart of Taklimakan Desert is expected to help in the construction of an intelligent oilfield in the desert.


  • China's Changqing Oilfield to produce 63 mln tonnes oil equivalent in 2025

    PetroChina Changqing Oilfield Company, a subsidiary of China's top oil and gas producer PetroChina, is expected to produce 63 million tonnes of oil equivalent of crude oil and natural gas in 2025.


  • SHPGX inks strategic cooperation agreement with Dazhong Public Utilities (600635.SH)

    Shanghai Petroleum and Natural Gas Exchange (SHPGX), a national energy trading center, signed a strategic cooperation agreement with Shanghai Dazhong Public Utilities (Group) Co., Ltd. (600635.SH) in Shanghai on Friday. 


  • ExxonMobil breaks ground on multibillion-dollar chemical complex in China

    Multinational oil and gas corporation ExxonMobil Wednesday broke ground on its solely-funded chemical complex in Huizhou, southern China's Guangdong Province.


  • China's production of gas, crude keeps growing in first two months

    China's production of natural gas and crude oil kept growing in the first two months, according to data from the National Bureau of Statistics.


  • State-owned oil, gas firms help maintain economic stability

    State-owned oil and gas companies are ramping up efforts to help domestic companies resume production to ease the impact of the novel coronavirus outbreak and maintain economic stability.


  • China goes further in mkt reform with new oil and gas pipeline company established

    China moves further in reform of oil and gas pipeline operations with China oil and gas pipeline company officially established Monday in Beijing.


  • Shale gas well in SW China sees record high output

    A well in southwest China's Chongqing Municipality has produced more than 300 million cubic meters of shale gas after 2,231 days of use, a record high number, its developer Sinopec said Friday.


  • China's largest oil and gas producer's profit down, sales up

    China National Petroleum Corporation (CNPC), the country's largest oil and gas producer and supplier, reported a profit decline in the first three quarters of 2019 despite rising sales revenue.


  • CNOOC (00883.HK) sees oil and gas revenue in Q3 edge up 0.8pct o-y

    CNOOC Ltd (00883.HK), China's largest offshore oil and gas developer, announced on Thursday that its unaudited oil and gas sales revenue in the third quarter of the year amounted to about 48.34 billion yuan, up 0.8 percent year on year. 


  • China to improve management of unconventional oil and gas mining

    China is seeking further improvements to the environmental management of unconventional oil and gas mining by issuing relevant policies and technical standards, an official said Thursday.


  • Daqing Oilfield output hits 21.59 mln tonnes in H1

    Daqing Oilfield Co. Ltd., a subsidiary of China's largest oil producer PetroChina, has produced around 21.59 million tonnes of oil equivalent in the first half of 2019.


  • CNOOC Limited (00883.HK) to acquire CUCBM for RMB5.335 bln

    CNOOC Limited (00883.HK) announced on Thursday that its wholly-owned subsidiary, CNOOC China, inked an equity transfer agreement with its controlling shareholder CNOOC. 


  • Economic Watch: China welcomes overseas participation in oil, gas exploration

    As a vital step in easing market access for foreign investors, China has announced opening up the upstream exploration of its oil and natural gas resources by scrapping joint-venture restrictions.


  • CNPC overseas equity oil, gas output to top 100 mln tonnes in 2020

    The overseas equity of oil and gas production equivalent of China National Petroleum Corporation (CNPC) is expected to reach 100 million tonnes by 2020, on par with its domestic equity of oil and gas production equivalent, according to CNPC.


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