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Exploration & Production

CNOOC resumes production following Typhoon Mangkhut

CNOOC is resuming operations at its platforms in the South China Sea after Typhoon Mangkhut made landfall.

20 September 2018
LNG

CNOOC LNG import slot auctioned on China’s SHPGX

CNOOC held China’s first LNG import slot auction on the SHPGX on Thursday.

20 September 2018
LNG

Tianjin terminal still top for trucked LNG send-out

The CNOOC terminal once again sent out an average of 300 tanker trucks per day last week.

20 September 2018
LNG

Construction starts on Wenzhou LNG terminal

Construction of the Wenzhou LNG terminal began on 18 September, according to local media.

19 September 2018
Global Markets

Chinese gas consumption to hit 620 bcm/y by 2035 – CNPC

China’s gas consumption will reach 620 billion cubic metres per year by 2035 and rise to 695 bcm/y by 2050, CNPC’s Economics and Technology Research Institute forecast on Tuesday

19 September 2018
Companies & Finance

Sinopec subsidiary increases oil and gas sales by 34.2% over Jan-Aug

Sinopec’s Southwest Oilfield subsidiary increased oil and gas sales in the first eight months of 2018 by 34.2% year on year, to RMB 11.2 billion

19 September 2018
LNG

Chinese ex-works LNG prices rise as supply tightens

The average price for ex-works LNG in China increased last week as supply tightness prompted seven plants to raise their asking prices.

19 September 2018
Alternative Fuels

China pushes to convert to low-carbon coal

A total of 658 GW of China's coal-fired power capacity was ranked as low-carbon last year

18 September 2018
Supply & Demand

Imports to meet 40% of Chinese gas demand by 2030

China will use 520 bcm/y of gas by 2030, with imports set to meet 40% of consumption, vice president of PetroChina’s Research Institute of Petroleum Exploration and Development has said.

18 September 2018
LNG

Ningbo LNG imports up 68% so far this year

CNOOC’s Ningbo terminal has received 3.62 mt of LNG so far during 2018.

18 September 2018
Supply & Demand

Asian spot LNG prices down to $11.57/MMBtu

Asian spot LNG prices were down slightly at the end of last week.

18 September 2018
LNG

First winter cargo arrives at Tangshan

PetroChina’s Tangshan LNG terminal received a 66,000-ton cargo on Saturday.

17 September 2018
Global Markets

China’s winter gas shortage to be less severe this year

China is likely to suffer a milder gas shortage this winter compared with last year, according to Fitch Ratings

17 September 2018
LNG

Qinzhou transmission station starts supplying China-Myanmar pipeline

The Qinzhou transmission station at Sinopec’s Guangxi LNG terminal started supplying regasified LNG to the China-Myanmar gas pipeline on Friday

17 September 2018
CNOOC’s Dapeng LNG terminal LNG

CNOOC’s import slot auction gets mixed reception

The winner of China’s first LNG import slot auction will have only a handful of weeks to arrange a cargo to be delivered during the slot window.

17 September 2018
LNG

CNOOC boosts stored volumes at Zhuhai LNG terminal

CNOOC’s Zhuhai LNG terminal received a 65,000-ton cargo on Wednesday

14 September 2018
Exploration & Production

Changqing Oilfield restarts more than 200 gas wells

CNPC’s Changqing Oilfield subsidiary has restarted production at 212 gas wells that were previously shut because of poor profitability

14 September 2018
Exploration & Production

Chinese gas output up by nearly 10% in August

China’s gas production increased by 9.7% year on year in August, to 12.9 billion cubic metres

14 September 2018
Exploration & Production

Yunnan nearly trebles gas offtake from China-Myanmar pipeline

The southern Chinese province of Yunnan increased its offtake from the China-Myanmar gas pipeline by 183% year on year in the first eight months of 2018

14 September 2018
Exploration & Production

CNOOC evacuates workers from South China Sea as typhoons approach

CNOOC has shut down production in the the South China Sea and evacuated more than 3,300 workers as two typhoons approach

14 September 2018

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