ChinaOil Top Story archive

17 January 2019, Week 02, Issue 726

China will increase its refinery runs by 4.6% to 634.3 million tonnes (12.74 million bpd) in 2019, state-owned China National Petroleum Corp. (CNPC) has forecast.

10 January 2019, Week 01, Issue 725

China National Petroleum Corp.’s (CNPC) foreign production sharing partners have significantly increased their output, exceeding 10 million tonnes of oil equivalent (200,000 boepd) in 2018.

06 December 2018, Week 48, Issue 722

The Chinese government intends to trim the size of shale gas blocks awarded to independent developers during the second shale auction in 2012, after the winners universally failed to meet their...

29 November 2018, Week 47, Issue 721

Daqing Oilfield produced 30.87 million tonnes of oil equivalent (829,000 boepd) from its domestic and foreign operations in the first nine months of the year, Xinhua reported on November 28.

22 November 2018, Week 46, Issue 720

Sinopec has launched operations of the first phase of the Ordos-Anping-Cangzhou natural gas pipeline in northern China on schedule, it announced on November 16.

15 November 2018, Week 45, Issue 719

Hengli last week signed a crude purchase agreement with Saudi Aramco to take 6.5 million tonnes (130,000 bpd) of oil in 2019.

08 November 2018, Week 44, Issue 718

Several new shale gas production prospects have been identified in different parts of China following successful exploratory drilling.

01 November 2018, Week 43, Issue 717

The latest survey of China’s two main unconventional onshore gas resources has estimated that there are 152 tcm of potentially recoverable reserves. Meanwhile, the country’s undersea methane...

25 October 2018, Week 42, Issue 716

Taiwan’s state oil refiner, CPC, has reportedly signed its first long-term deal to buy US crude, which is a rare occurrence since Asian buyers typically buy on the spot market.

18 October 2018, Week 41, Issue 715

Three new CBM projects in China approved by the central government will have US$1.12 billion invested in them with a target of jointly producing almost 1.5 bcm per year when fully operational,...

11 October 2018, Week 40, Issue 714

G3 Exploration’s development plan for its Chengzhuang (GCZ) coal-bed methane (CBM) block in Shanxi Province has been cleared by the National Development and Reform Commission (NDRC).

08 October 2018, Week 39, Issue 713

Independent refiners in China’s eastern Shandong Province will struggle to wring oil product export quotas out of Beijing until they step up efforts to consolidate and build more infrastructure,...

27 September 2018, Week 38, Issue 712

China’s state-owned refiners may be granted permits to export an additional 3-4 million tonnes of refined fuel this year after they ran through their existing 2018 quotas faster than expected.

20 September 2018, Week 37, Issue 711

China’s state-run Sinopec has said its shale gas sales from its Fuling field in the Sichuan Basin amounted to 4 bcm in the first eight months of the year. The state major had previously reported...

13 September 2018, Week 36, Issue 710

China is set to experience another substantial winter natural gas supply deficit this coming as government calls for clean energy use intensify.