China
News
August 24, 2023
Sinopec has received official certification for the 30.55 Bcm proven geological reserve of natural gas discovered in phase-I of its Bazhong gas field, a significant breakthrough of Sinopec's Project Deep Earth-Sichuan and Chongqing natural gas base.
News
August 17, 2023
China’s biggest offshore driller reported 63.8 billion yuan ($8.76 billion) net income in the first six months, down 11% compared to 71.9 billion yuan a year earlier, it said in a filing. That follows a 6% decline in first-quarter earnings.
News
July 21, 2023
China National Petroleum Corp. on Thursday began drilling the Shendi Chuanke 1 Well in Sichuan province, with a designed depth of 10,520 meters (6.5 miles). The project follows a similar sized well that CNPC began drilling in Xinjiang in May, described at the time as the deepest ever undertaken in China.
News
June 12, 2023
With its industrial base and deepwater ambitions, CNOOC, one of China’s three main state-owned oil firms, is on a spending spree to develop the drilling technology currently dominated by western oil majors.
News
June 06, 2023
Based on Sercel’s breakthrough QuietSeis MEMS technology, the GPR300 delivers unprecedented broadband signal sensing capability and fidelity, and ultra-quiet performance to enable best-in-class subsurface imaging and outperforms conventional OBN equipment.
News
June 01, 2023
The project can store over 1.5 million tons of carbon dioxide, equivalent to planting nearly 14 million trees.
News
May 09, 2023
An LNG vessel carrying the cargo arrived in the city on Saturday to support commissioning work for an offshore import terminal commencing this week, according to a spokesperson from CLP Holdings Ltd., which supplies electricity to the territory.
News
May 05, 2023
With a design depth of 9,472 meters, it will be the deepest oil and gas well in Asia and a breakthrough of milestone significance in China's ultra-deep oil and gas exploration.
News
March 10, 2023
Utility CLP Holdings Ltd. purchased an LNG cargo for May delivery to its new import terminal, according to traders with knowledge of the matter. The tender closed on Wednesday, and the shipment was bought at a link to North Asia’s LNG spot benchmark.
News
March 06, 2023
As a wireless and compact solution, WiNG is specially designed for efficient operations in difficult-to-access environments
News
March 01, 2023
CNOOC Limited has discovered an oilfield in the Bohai Sea that contains one hundred million tons of reserves.
News
February 20, 2023
Firms based in China account for roughly 15% of all contracts that’ll begin delivering LNG supply through 2027, according to an analysis of BloombergNEF data. That trend is set to increase as the companies seek to lock in more long-term agreements.
News
February 06, 2023
While there’s a lot of potential for oil demand this year, the “beast” of Covid-19 means there’s also the risk of volatility, Al-Ghais cautioned. Ministers from the OPEC+ coalition are just “a phone call away to step in when necessary,” he added.
News
January 06, 2023
Xinjiang Central Asia Petroleum and Gas Co. will invest as much as $150 million in the first year and $540 million over the subsequent three years to explore five oil and gas blocks. The militant group will earn 15% royalty fees from the 25-year contract.
News
January 05, 2023
The presidents of China and the Philippines agreed to resume talks on oil and gas exploration in the South China Sea. They will also discuss maritime differences amicably after meeting in Beijing on Jan 4., a move that potentially paves the way for easing recent tensions.
News
December 30, 2022
A major breakthrough of Sinopec's "Project Deep Earth," the Yuanshen-1 well has reached the deepest oil and gas formation in burial depth in the Sichuan Basin and further shows the great potential of deep ancient carbonate rocks in the region.
News
December 26, 2022
107 development wells are planned to be commissioned, including 67 production wells, 36 water injection wells and four water source wells. The project is expected to achieve its peak production of approximately 36,100 bopd in 2024.
News
December 07, 2022
CNOOC Ltd. announces today that Enping 15-1/10-2/15-2/20-4 oilfields joint development project has commenced production.
News
November 03, 2022
China looks set to receive an influx of seaborne crude oil in the coming weeks as higher volumes bought before its latest Covid shutdowns head for its ports.
News
October 14, 2022
President Xi Jinping has promised a slow and steady end to the growth of planet-warming emissions in China, with energy security taking top priority as the country contends with a flagging economy and tumult on global fuel markets.
News
March 11, 2022
Saudi Arabia is strengthening energy ties with China, as the oil producer Aramco agreed to build a multi-billion dollar refining and chemicals project.
