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CNOOC starts production at mega metamorphic rock oilfield

Guangzhou (JLC), February 8, 2025--State-owned China National Offshore Oil Corporation (CNOOC) on Friday commenced production at the first phase of the Bozhong 26-6 oilfield, by far the largest metamo

02-08-2025 16:25:04

China sees SAF and green methanol demonstration project breaking ground

Beijing (JLC), November 1, 2024--The first phase of the SAF and green methanol demonstration project utilizing wind, solar, hydrogen, and biomass resources came under construction on October 14.

11-01-2024 09:39:44

China’s biodiesel exports plummet in August

Beijing (JLC), October 17, 2024--In August, China's biodiesel exports plummeted as a result of the imposition of anti-dumping tariffs ranging from 12.8% to 36.4% on Chinese biodiesel.

10-17-2024 18:02:01

China INE crude price plummets on demand concerns

Guangzhou (JLC), October 16, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE)?plunged on Wednesday amid demand concerns after both OPEC and the International En

10-16-2024 19:14:17

Tarim Oilfield sees shortest drilling time for 8,000-meter well in China

Guangzhou (JLC), May 29, 2024--PetroChina Tarim Oilfield completed the drilling of the Fuyuan 304-H2 well in the 8,322-meter underground layer in 89 days, setting a record for the shortest drilling ti

05-30-2024 17:08:31

China's deepest oil well breaks through 10,000 meters

Guangzhou (JLC), March 4, 2024 – The drilling of Shendi Take-1 finally broke through 10,000 meters on March 4.

03-04-2024 18:58:14

CNOOC discovers world’s largest metamorphic rock oilfield

Guangzhou (JLC), February 26, 2024 – CNOOC announced on February 25 the discovery of the world's largest metamorphic rock oilfield in China's Bohai Sea.

02-26-2024 15:09:16

China's deepest oil well set to break through 10,000 meters

Guangzhou (JLC), February 19, 2024 – The drilling of Shendi Take-1, an exploration well with a designed depth of unprecedented 11,100 meters, was about to break through 10,000 meters.

02-19-2024 18:54:41

PetroChina starts drilling another 10,000-meter well

Guangzhou (JLC), July 21, 2023 – PetroChina began drilling another borehole of more than 10,000 meters underground in the southwest China’s Sichuan province on July 20.

07-21-2023 16:58:14

PetroChina begins drilling China’s first over-10,000-meter-deep well

Guangzhou (JLC), May 31, 2023 – PetroChina has begun drilling China's first scientific exploration well with a designed depth of 11,100 meters in the Tarim Oilfield.

05-31-2023 19:00:43

Diluted bitumen imports plummet in April

Beijing (JLC), May 24, 2023--China’s imports of diluted bitumen slumped in April on new Customs policies, according to market sources.

05-24-2023 15:59:04

China INE crude price plummets after Fed announces rate hike

Guangzhou (JLC), May 4, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) plunged on Thursday after the US Federal Reserve announced another rate hike, also beca

05-04-2023 19:10:26

China INE crude price plummets on growing recession fears

Guangzhou (JLC), March 16, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) plunged on Thursday, as recession fears intensified after negative news about Switze

03-16-2023 18:56:08

Sinopec Fuel Oil pumps methanol into dual-fuel ship for first time

Guangzhou (JLC), September 29, 2022--Sinopec Fuel Oil Co. pumped 90 mt of methanol fuel into China’s first methanol dual-fuel ship on its maiden voyage on September 25, becoming China’s first bunker

09-29-2022 17:58:11

China INE crude price plummets on gloomy economic outlook

Guangzhou (JLC), June 20, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) plunged further on Friday, as the market feared of a possible economic recession.

06-20-2022 20:50:00

China INE crude price plummets after IEA agrees to release oil reserves

Guangzhou (JLC), April 7, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) plunged Thursday, after the International Energy Agency (IEA) announced a huge oil re

04-07-2022 18:53:36

CNOOC’s net profit plummets 59% in 2020

Guangzhou (JLC), March 31, 2021--China National Offshore Oil Corporation (CNOOC) reported a year-on-year plunge of 59.1% in its net profit for 2020 when the world received a blow from the coronavirus pandemic.

03-31-2021 17:38:09

China's oil product exports plummet in 2020

Beijing (JLC), February 3, 2021--China’s oil product exports plunged in 2020, as output declined and international fuel demand was hammered by the COVID-19 pandemic.

02-03-2021 11:06:21

Dimethyl ether prices higher on lower supply, higher cost

Beijing (JLC), September 17, 2020--Dimethyl ether prices went higher boosted by the strong feedstock methanol prices and the declining supply, though international crude prices plunged and liquefied petroleum gas (LPG) prices declined as well.

09-17-2020 09:50:47

Dimethyl ether prices retreat in October

Beijing (JLC), November 6, 2019--Domestic dimethyl ether prices retreated after rises in October, as the supply increased, JLC data shows.

11-06-2019 14:55:34

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