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Proven reserves of Fuling shale gas field exceed 1 trillion cubic meters

Beijing (JLC), December 16, 2024--Fuling gas field became Sinopec’s first shale gas field to have proven gas reserves of over 1 trillion cubic meters.

12-16-2024 16:25:30

Sinopec unveils new gas reserves in Sichuan Basin

Guangzhou (JLC), August 22, 2023 – Sinopec has added another 30.55 billion cubic meters (bcm) of proven geological reserves to its gas assets, the company said on August 22.

08-22-2023 17:53:02

Xinjiang and Sichuan top China’s oil and gas reserves in 2022 respectively

Guangzhou (JLC), August 1, 2023 -- China’s total oil reserves (not including shale oil and oil sands) stood at roughly 3.8 billion mt in 2022.

08-01-2023 18:06:44

China INE crude price edges up on warning against misusing oil reserves

Guangzhou (JLC), October 26, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) inched higher on Wednesday, after Saudi Arabia warned about some countries’ misuse

10-26-2022 19:07:20

Sinopec discovers shale gas reserves in Sichuan

Beijing (JLC), October 19, 2022--Sinopec has discovered shale gas reserves in Southwest China's Sichuan Basin with a confirmed volume of 387.8 bcm and potential daily output of 258,600 cubic meters.

10-19-2022 18:04:48

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

China may release another batch of crude reserves soon

Guangzhou (JLC), November 23, 2021--China may release a second batch of crude reserves in the near term, in view of high crude and bulk commodity prices, according to market sources.

11-23-2021 20:59:58

China to release gasoline, diesel reserves to ease tightness

Beijing (JLC), November 2, 2021--China will unleash gasoline and diesel reserves to mitigate domestic supply tightness, the National Food and Strategic Reserves Administration said on October 31.

11-02-2021 13:30:57

China to release another batch of crude reserves

Guangzhou (JLC), September 24, 2021--China will release a second batch of crude reserves in the near term, after an auction for the first batch took place on September 24, according to market sources.

09-24-2021 15:00:48

China to release crude reserves by auction on Sept 24

Beijing (JLC), September 15, 2021--China is going to release the first batch of crude from bonded tankers, 7,383,616.78 bbl (about one mln mt)

09-15-2021 17:12:55

INE crude dips on China’s plan to release crude reserves

Guangzhou (JLC), September 10, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) edged down on Friday, after China announced a plan to release crude from reserves.

09-10-2021 18:59:29

China to release crude reserves to relieve cost pressure

Beijing (JLC), September 10, 2021--China is going to release crude stocks in the reserves in batches to deal with increasing cost of feedstocks for domestic enterprises, the State Bureau of Grain and Material Reserves reported on its website on September 9th.

09-10-2021 09:44:48

Sinopec adds new gas reserves in Sichuan

Beijing (JLC), August 17, 2021--Sinopec announced on August 16 that it has ascertained another 34 billion cubic meters (bcm) of natural gas reserves at its Zhongjiang gas field in China’s southwestern Sichuan province, pushing the total proved reserves to 106 bcm.

08-17-2021 17:50:34

CNOOC adds new onshore gas reserves in Shanxi

Beijing (JLC), March 1, 2021--CNOOC Limited announced on February 28 that the proven gas geological reserves at its Linxing gas field in China’s northern Shanxi province top 101 bln cubic meters (cbm).

03-01-2021 17:56:56

INE crude soars as China plans to buy oil for reserves

The price of crude futures on the Shanghai International Energy Exchange (INE) surged on Thursday as China is said to be preparing to buy crude for its strategic reserves.

04-02-2020 17:36:43

Yanchang Petroleum adds 117 mln mt of oil to reserves in 2019

Beijing (JLC), November 14, 2019--Shaanxi Yanchang Petroleum said recently it has added 117 million mt of proved oil to its geological reserves in 2019.

11-14-2019 16:42:36

Sinopec adds 92.1 bcm of proven natural gas reserves in Sichuan

Beijing (JLC), August 20, 2019--Sinopec has added 92.1 billion cubic meters (bcm) of proven natural gas reserves in Sichuan basin, domestic media reported, citing a source from Sinopec.

08-20-2019 17:44:10

China adds 959 million mt of proven crude reserves in 2018

Beijing (JLC), July 17, 2019--China had added 956 million mt of proven crude geological reserves in 2018, up 9.4% year on year, domestic media reported, citing a source from the Ministry of Natural Resources (MNR).

07-17-2019 17:26:10

Qinghai Oilfield to explore 25 mln mt of oil and gas reserves in 2019

Beijing (JLC), February 15, 2019--Qinghai Oilfield planned to explore 25 million mt of oil and gas reserves in 2019, China National Petroleum Corporation’s subsidy PetroChina Qinghai Oilfield Company said on February 12.

02-15-2019 19:39:26

New gas field with huge proven reserves found in Gansu

Qingyang Gas Field with natural gas proven reserves of 31.8 billion cubic meters was found recently in Qingyang City, Gansu Province, according to the release by PetroChina Changqing Oilfield on September 5

09-11-2018 15:23:44

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