ChinaOil Top Story archive

14 June 2018, Week 23, Issue 697

China-focused coal-bed methane (CBM) developer G3 Exploration posted a net loss of US$24.6 million in 2017, but also increased production at one of its two operational blocks, according to a...

07 June 2018, Week 22, Issue 696

China focused Sino Gas & Energy Holdings’ board last week backed a A$530 million (US$401 million) takeover from US private equity firm Lone Star Funds. The Australian independent’s...

31 May 2018, Week 21, Issue 695

China has reportedly ordered at least five independent refineries in Shandong to cut run rates ahead of the Shanghai Cooperation Organization (SCO) summit to be held the port city of Qingdao on...

24 May 2018, Week 20, Issue 694

Russia’s Gazprom has completed construction of more than 83% of the Power of Siberia pipeline that will allow it to expand sales of natural gas to China, the company said on May 17.

17 May 2018, Week 19, Issue 693

As China’s government pushes for a ramp-up in natural gas storage construction to help meet high winter demand, state-owned China National Offshore Oil Corp. (CNOOC) has opened the country’s first...

10 May 2018, Week 18, Issue 692

The Chinese Ministry of Commerce (MOFCOM) has reportedly issued this year’s second batch of oil product export quotas.

03 May 2018, Week 17, Issue 691

Canada’s Husky Energy has expanded its holding in the Liuhua 29-1 field offshore China to 75%, giving it a majority interest in the deepwater asset, it said last week in its first-quarter earnings...

26 April 2018, Week 16, Issue 690

Hengli Petrochemical has won the biggest crude oil import quota ever granted to a privately held Chinese refiner, it said in a stock exchange filing on April 19.

19 April 2018, Week 15, Issue 689

China’s crude oil imports surged on a daily basis to their second highest level in March, government data showed on April 13. A renewed push to fill strategic petroleum reserves (SPRs) could drive...

12 April 2018, Week 14, Issue 688

China’s refining sector is set to lead the world with respect to the addition of new hydrocracking capacity within the next four years.

05 April 2018, Week 13, Issue 687

CNOOC Ltd, the listed subsidiary of China National Offshore Oil Corp. (CNOOC), reported last week that its financial performance had improved significantly in 2017.

29 March 2018, Week 12, Issue 686

Hong-Kong registered Zhongyu Gas Holdings saw 2017 profits soar as China’s efforts to curb smog drove switching from coal to gas. The group is active in gas sale and distribution particularly in...

22 March 2018, Week 11, Issue 685

China National Petroleum Corp. (CNPC) has agreed to pay state-owned Abu Dhabi National Oil Co. (ADNOC) US$1.17 billion for 10% stakes in two of the emirate’s offshore oil and gas concessions.

08 March 2018, Week 09, Issue 683

CNOOC Ltd has approved the overall development plan (ODP) for the Lingshui 17-2 deepwater natural gas field in the western part of the South China Sea.

01 March 2018, Week 08, Issue 682

As winter slowly draws to a close in China, green shoots of recovery have begun to appear across the country’s natural gas supply chain.