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  • China advances reform with new oil&gas pipeline firm unveiled

    China moves further in reform of oil and gas operations with China Oil & Gas Piping Network Corporation (PipeChina) officially established on December 9 in Beijing.


  • Chinese oil, gas contractor inks deal to construct gas plant in Iraq

    China's Petroleum Engineering and Construction Corporation (CPECC) and Iraq's Basra Gas Company (BGC) signed Wednesday a contract for constructing a natural gas liquids (NGL) plant in Iraq's southern province of Basra.


  • China three oil giants strengthen upstream business in domestic market

    China’s top three oil giants have been strengthening domestic oil and gas exploration and development with major breakthrough achieved, according to a report by Shanghai Securities News on Tuesday.


  • CNOOC discovers gas field with reserves topping 100bln cu.m in Bohai

    China National Offshore Oil Corporation (CNOOC) announced Monday that it discovered a gas field with proven natural gas reserves of more than 100 billion cubic meters, the largest discovery in the Bohai bay basin for the last 50 years.


  • CNOOC plans higher net production in 2019

    China National Offshore Oil Corporation (CNOOC, 00883.HK) Wednesday announced that the company's targeted net production for 2019 is 480 million to 490 million barrels of oil equivalent (BOE).


  • China likely to set up national oil and gas pipeline network company in H1

    The long-awaited national oil and gas pipeline network company is expected to be formed in the first half of the year, according to the Xinhua-run Economic Information Daily on Friday.


  • China's oil, gas industry targets environmental improvements in 2019: report

    China's oil and gas industry is set to reinforce efforts to reduce environmental impacts of its projects and operations in 2019, leading energy and shipping certification agency DNV GL said Tuesday in a report.


  • Sinopec enters Singapore gas station market

    China Petroleum and Chemical Corporation (Sinopec), a listed company incorporated by China Petrochemical Corporation (Sinopec Group), formally put its first gas station in Singapore into operation on Tuesday.


  • China refining sector warned overcapacity with capacity exceeding 800 mln

    China’s refining sector posts increasing overcapacity threat with the country’s total refining capacity reaching 840 million tonnes by this December and expected to add 214 million tonnes more in the next three years.


  • ZPEC inks RMB201mln Russian oilfield drilling project contract with YARGEO

    Zhongman Petroleum and Natural Gas Group Corp.,Ltd. (603619.SH, ZPEC) announced that its Gubkin branch in Russia had inked an oilfield drilling project contract with YARGEO worth about 1.924 billion Russian Rubles (approximately 201 million yuan).


  • China's energy companies to cooperate in domestic and overseas projects

    China's gas supplier Sinoenergy Corporation (600856.SH) will cooperate with Xinjiang Zhongtai Chemical Co., Ltd. in gas and oil exploration projects and crude oil trade in Canada.


  • E. China's pilot FTZ accelerates oil and gas industries

    The Second International Petroleum and Natural Gas Enterprises Conference opened Thursday in Zhoushan, east China's Zhejiang Province, aiming to accelerate oil and gas industry in the Zhejiang Pilot Free Trade Zone.


  • Report predicts natural gas hydrates of 80 bln t oil equivalent in China seas

    China is likely to have natural gas hydrate resources of approximately 80 billion tonnes oil equivalent in its sea waters, according to the China Mineral Resource Report 2018 released on the China Mining 2018 held in port city Tianjin on Thursday.


  • BZ19-6 natural gas exploration in Bohai makes major breakthrough

    The BZ19-6 gas field development project of China National Offshore Oil Corporation (CNOOC) has obtained high-yield natural gas flow, marking major breakthrough for deep natural gas exploration in Bohai bay basin.


  • China’s CNPC pumps oil in Abu Dhabi for first time in 2018

    China's state-run national petroleum company, China National Petroleum Corporation (CNPC), has recently announced that its Umm Shaif and Nasr oilfield development project and Lower Zakum oilfield project in Abu Dhabi have pumped oil for the first time.


  • Geo-Jade Petroleum, United Energy to develop three oil and gas fields in Iraq

    Two Chinese companies on Monday signed a referendum contract with Iraqi Oil Ministry to develop three oil and gas fields in Iraq.


  • OMV CEO: North Stream 2 won’t fully replace Ukraine pipelines

    The CEO of the Austrian oil and gas company OMV, Rainer Seele, considers concerns from Ukraine and European politicians over the Baltic Sea pipeline North Stream 2 to be excessive.


  • China to raise retail fuel prices

    China will raise the retail prices of gasoline and diesel from Friday, the fourth increase this year, the country's top economic planner announced Thursday.


  • PetroChina acquires stakes in two UAE offshore concessions to enhance economic cooperation

    The United Arab Emirates (UAE) and China on Wednesday signed two deals for China's national oil..


  • More sectors in China expected to largely attract private capitals in 2018

    In order to implement the policy measures encouraging private investment, China is expectd to launch a number of projects for attracting private capitals in the fields of branch railway, oil & gas and telecommunications in 2018.


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