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PetroChina’s target: 50 million mt of output in 2020

Recently, CNOOC, Sinopec and PetroChina successively delivered their financial reports for H1 2015. Affected by crude price drop and domestic demand slowdown, the three energy giants in China witnessed sliding revenues, especially PetroChina， of which net profit dropped by 60%.

09-10-2015 09:21:10

Imported gas tends to squeeze into China LPG market

Since mid May, a load of LPG cargoes appeared in the Far East with many having concluded transactions. It is said that gas fields in some regions of South Pars, Iran have started producing LPG.

06-04-2015 17:27:57

China January run rate of alkanes deep processing went down

Stepping into January, the still unrecovered international market pounded market participants, followed by continuously low run rate of alkanes deep processing.

02-06-2015 15:08:13

Shandong Feed gas arriving cargoes shrunk sharply in January

In January, feed gas cargoes arrived in Shandong shrunk sharply compared to those in February.

02-06-2015 11:36:53

Analysis of China 2014 December LPG import and export

According to the General Administration of Customs, the total volume of LGP import in December last year reached as much as 707,500 mt, including propane of 469,500 mt, butane of 206,400 mt, and 31,600 mt of other LGP & HC gas.

01-29-2015 15:04:44

Lower run rate of deep processing plants triggered by weak demand for blended oil feedstock

Dampened by weak price of international crude oil, transactions in China gasoline and diesel markets shrunk repeatedly, followed by a slump in the feedstock demand for blended oil.

01-21-2015 18:04:30

CNPC Amu Darya River Gas Company exceeded gas transmission target

Till 12:00 am on January 1st, 2015, CNPC (Turkmenistan) Amu Darya River Gas Company had delivered 9.11 billion cubic meter of commercial LPG through Central Asia Gas Pipeline, 805.4 million cubic meters more than its transmission target.

01-21-2015 11:48:55

Three Energy Giants Stand up to Winter Gas Demand

Entering into November, peak natural gas demand is now approaching in the northern China supported by heating supply. It was reported that the three energy giant, have fully prepared for winter gas supply.

11-05-2014 15:47:34

CNOOC Q3 Oil & Gas Sales Revenue Reaches CNY53.6 Billion

Based on the unaudited announcement for the third quarter of 2014, China National Offshore Oil Corporation (CNOOC) has gained the revenue of CNY53.6 billion for oil and gas sales, decreasing by 4.6% attributed to the dropping average price of petroleum.

10-31-2014 17:17:04

PetroChina Sichuan Slated for a 2 Billion m3 Production for Shale Gas

Though the exploitation of shale gas is high-cost due to complicated geological condition, PetroChina hold abundant confidence.

10-24-2014 17:41:25

China’s First Enterprise Standard for Coal-based Natural Gas

Recently, according to the Products Quality Supervising Test Institute of the Xinjiang Uygur Autonomous Region, based on Directives for Standardization, six enterprise standards made by Kingho, an energy enterprise in Xinjiang...

10-17-2014 17:42:17

Two Pipelines for Natural Gas Exportation to be Built in Inner Mongolia

Two pipelines were to be built in Inner Mongolia for natural gas exportation, namely Hulun Buir-Tianjin-Hebei Natural Gas Pipeline and Erdos-Tianjin-Shandong Natural Gas Pipeline.

10-09-2014 17:32:03

China Tian Lun Gas Expands into Long-Haul Transmission Pipeline Business

China Tian Lun Gas Holdings Limited, a gas operator and distributor with nationwide coverage in China, has formed a joint venture Inner Mongolia Oil and Gas Investment Joint-stock Co., Ltd.

09-29-2014 14:11:58

CNOOC Building the Largest Natural Gas Power Plant in China

Zhongshan Jiaming Electric Power Co., Ltd, a company of Gas & Power Group, CNOOC, has produced “clean and green” power of over 40 billion KWH with its generator set.

09-26-2014 16:30:40

China Cuts 2020 Shale Gas Output Target As Challenges Persist

China has slashed its official target for shale gas production in the medium term by up to a third and now expects to achieve 30 billion cubic meters of output by 2020, according to the country's Ministry of Land and Resources at a briefing in Beijing Wednesday, September 17.

09-23-2014 17:38:53

Cooperation between Shandong and UAE Petrochemical

Shandong is the biggest chemical province in China with special advantages in traditional fields like tire, oil refining and chemical, and petroleum equipments, as well as strategically emerging industries.

09-22-2014 17:44:55

Shenhua Group Transferring Huaneng Subsidiary's Shares

Guohua Engergy Investment, a state-owned sole corporation of Shenhua Group, recently opened listing in China Beijing Equity Exchange, transferring 15.77% of shares of Huaneng International Power Development, a subsidiary of Huaneng Group, with its price listed at CNY4,971.73 million.

09-19-2014 14:40:19

“13th Five-year Plan” Will Focus on 7 Petrochemical Bases

It was revealed that the “13th Five-year Plan” of the petrochemical industry in China was compiled on a real-time basis.

09-18-2014 10:47:51

Weak Demand for Refined Oil, Gas Hits CNOOC, Petrochina

Leading oil and natural gas companies PetroChina Co Ltd and CNOOC Ltd reported first-half results on Thursday that reflected weaker demand for refined products.

09-17-2014 11:40:05

Sichuan Accelerates the Shale Gas Drilling Wells Exploration

According to "The National Survey and Assessment shale gas resource potential and favorable area preferred" which issued by the Ministry of Land and gas research center in 2012 China's shale gas estimated total geological resources is 134 trillion cubic meters.

09-17-2014 11:39:23

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