Sinopec will diversify its investments by expanding into city gas distribution. (Interfax) Global Markets

Sinopec preps for downstream city gas expansion

China’s second largest gas producer is preparing to expand down the industry chain into city gas distribution as it seeks to grow its gas business.

By Tang Tian 16 August 2017
LNG

CNOOC plans floating LNG storage project in Tianjin

China National Offshore Oil Corp. (CNOOC) is planning a floating storage and regasification unit (FSRU) project in Tianjin Municipality's Harbor Economic Area, a CNOOC official, Zhang Shunlin, confirmed to Interfax on Tuesday.

1 November 2011
Companies & Finance

Top Energy to acquire 40% stake in Shanxi Guoxing

Shanxi Top Energy, a state-owned thermal power producer in Shanxi Province, will purchase a 40% stake in Shanxi Guoxing Coal Seam Transmission (Shanxi Guoxing), Top Energy announced on Monday.

1 November 2011
At 5 to 10%, China’s new resource tax does not change the oil and gas industry’s positive outlook. (PA) Policy & Regulation

China’s resource tax unlikely to scare investors

A new resource tax comes into force in China on Tuesday, imposing a levy of between 5% and 10% on the country’s largest oil and gas firms.

1 November 2011
Companies & Finance

PetroChina will take 100% stake in China’s South Oil, despite cancelling the deal in 2010

PetroChina, the listed arm of China National Petroleum Corp. (CNPC), will buy a 100% stake in South Oil Exploration & Development from its parent company for $261 million, according to an online announcement on 27 October.

31 October 2011
Policy & Regulation

Xinjiang's Yili Prefecture sets retail prices for WEP II gas

Yili Kazak Autonomous Prefecture in the Xinjiang Uyghur Autonomous Region has set retail prices for gas sourced from China National Petroleum Corp.'s (CNPC) second West-East Pipeline (WEP II), a source with the Yili arm of the National Development and Reform Commission (Yili NDRC) told Interfax on Monday.

31 October 2011
Exploration & Production

Doubt cast on China's ambitious shale gas targets

The Chinese government’s aggressive shale gas production plans will be difficult to achieve, Michael Jones, Business Development Director at Fortune Oil, which holds shale acreage in China, told Interfax on Monday.

31 October 2011
Pipelines, Storage & Power

CNOOC completes feasibility study for Guangxi LNG storage facility

China National Offshore Oil Corp. (CNOOC), the country's third-largest oil and gas producer, has completed a feasibility study for a planned LNG storage project in the Guangxi Zhuang Autonomous Region, CNOOC announced on 28 October.

31 October 2011
Exploration & Production

China's conventional natural gas output to peak by 2030

China’s conventional natural gas production is expected to peak at 240 billion cubic metres (8.47 trillion cubic feet) per year by 2030, a Sinopec research official said at an industry conference in Shanghai on Wednesday.

28 October 2011
Exploration & Production

CNPC unit launches flagship seismic survey vessel

BGP Inc., a China National Petroleum Corp. (CNPC) subsidiary engaged in surveying, has launched its first 12-streamer seismic survey vessel after concluding sea trials along the east coast of South Korea, CNPC announced on Friday.

28 October 2011
The main offtakers of LNG from the Kitimat LNG terminal in western Canada remain uncertain. (Wikicommons) Supply & Demand

‘No guarantee’ China will take Kitimat LNG

Chinese buyers and the North American firms behind the recently approved Kitimat LNG terminal in Canada may find it difficult to come to terms on LNG pricing.

28 October 2011
Companies & Finance

Sinopec's net profit climbs on higher gas prices

Sinopec, the listed arm of China Petrochemical Corp. (Sinopec Group), saw net profit for the first three quarters rise 8.8% year-on-year to RMB 61.40 billion ($9.66 billion), Sinopec said in a corporate earnings report released on Friday.

28 October 2011
Policy & Regulation

Chinese government must raise domestic gas prices – CNPC source

The Chinese central government needs to raise domestic gas prices to give PetroChina an economic inventive to maintain its pipeline gas import business, a source with China National Petroleum Corp. (CNPC) told Interfax on Friday.

28 October 2011
Supply & Demand

Sliding US gas reference prices bode well for China's LNG imports

Sharp declines in the benchmark price of North American gas will drive down the cost of United States LNG exports to China, an industry expert told Interfax on Thursday.

27 October 2011
Supply & Demand

Sinopec begins gas transmissions to Hengshui City industrial park

The tenants of Hengshui's North Industrial Park in Hebei Province began receiving gas supplies from Sinopec this week, the Hengshui municipal government announced via its official website on Thursday.

27 October 2011
Companies & Finance

CNOOC Ltd. generates $530 mln in gas sales revenue in Q3

CNOOC Ltd., the Hong Kong-listed arm of China National Offshore Oil Corp. (CNOOC), boosted gas sales revenue by 21.9% year-on-year to RMB 3.36 billion ($529.34 million) in the third quarter (Q3), CNOOC Ltd. said in a corporate earnings report released on Tuesday.

27 October 2011
Pipelines, Storage & Power

Anhui Gas agrees to relocate provincial gas pipeline section

Anhui Provincial Gas (Anhui Gas) has agreed to relocate a section of the Jiangbei Link pipeline, ending a dispute concerning the land on which the section is built, a source with Anhui Gas told Interfax on Thursday.

27 October 2011
Exploration & Production

China aims to double CBM installed power capacity over five-year period

The National Energy Administration (NEA) has drafted a five-year blueprint for developing China's coal-bed methane (CBM) industry and submitted it to the National Development and Reform Commission (NDRC) for approval, state media reported on Monday.

26 October 2011
Some fims are reluctant to enter the Chinese market because of the country’s technology transfer policy. (PA) Policy & Regulation

Navigating China's technology transfer policy

Some foreign firms are reluctant to enter the Chinese market because of China's policy towards technology transfer and IP rights.

26 October 2011
Pipelines, Storage & Power

CNPC releases WEP II supply figures for Jiangxi Province

East China's Jiangxi Province has received 960,000 cubic metres (33.9 million cubic feet) of gas from the second West-East Gas Pipeline (WEP II) since operations commenced on 29 September, China National Petroleum Corp. (CNPC) announced on Wednesday.

26 October 2011
Exploration & Production

South Xinjiang increases gas purchases from Tarim Oilfield

The five states of southern Xinjiang Uyghur Autonomous Region have upped purchases of gas from the Tarim Oilfield to meet rising demand, the oilfield's operator PetroChina Tarim Oilfield disclosed on Wednesday.

26 October 2011

About 3,337 article(s)

1 151 152 153 154 155 167