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Pipelines, Storage & Power

CNOOC to repair undersea gas pipeline before Chinese New Year holiday

China National Offshore Oil Corp. Ltd. (CNOOC Ltd.) aims to repair an undersea gas pipeline that ruptured on 19 December in the South China Sea before the beginning of the Chinese New Year holiday this month, state-run Xinhua news agency reported on Thursday.

6 January 2012
Exploration & Production

China shale surveys yielding promising results in Guizhou

A survey programme led by China’s Ministry of Land and Resources (MLR) to evaluate China’s shale gas resources has been yielding promising results in Guizhou Province, according to recent updates from the MLR and the ministry’s Guizhou branch.

5 January 2012
Companies & Finance

CNPC to hedge risk with ‘captive’ insurance JV

China National Petroleum Corp. (CNPC), the country's largest oil and gas producer, will form a captive insurance joint venture (JV) with its listed subsidiary PetroChina, a move that will enable CNPC to manage risk exposure more effectively.

5 January 2012
Policy & Regulation

Shandong’s Weihai City links commercial retail gas prices to upstream prices

Weihai, a coastal city in Shandong Province, has linked retail natural gas prices for non-residential use to the cost of purchasing the gas upstream, the Weihai Municipal Pricing Bureau (WMPB) announced on Wednesday.

5 January 2012
Exploration & Production

CNPC’s gas output growth rate dials down in 2011

China National Petroleum Corp.’s (CNPC) gas output from domestic sources grew by 4.14% in 2011 from a year earlier – the lowest increase since such figures were first published in 2008 – according to a newsletter circulated by CNPC on Wednesday.

5 January 2012
Exploration & Production

China opens up unconventional energy sector to foreign investment

China has revised its foreign investor guidelines and is opening up its unconventional energy sector to greater foreign participation

4 January 2012
Exploration & Production

China to hold second shale gas auction this month

China will hold its second round of auctions for shale gas exploration rights in January after several postponements last year, the state-run China Business News reported on Wednesday.

4 January 2012
Exploration & Production

China to pour $18.5 bln into CBM development

China's investment in coal-bed methane (CBM) will amount to RMB 116.6 billion ($18.53 billion) between 2011 and 2015, according to the Chinese government's 12th Five-Year CBM Development Plan released on Saturday.

4 January 2012
Pipelines, Storage & Power

Sinopec sources suppliers for two transnational SNG pipelines

Sinopec, one of China’s three state-owned energy giants, has agreed to source synthetic natural gas (SNG) from nine firms for two cross-country SNG pipelines, state-run Xinhua news agency reported on Friday.

4 January 2012
Exploration & Production

China to hold second shale gas auction this month

China will hold its second round of auctions for shale gas exploration rights in January after several postponements last year, the state-run China Business News reported on Wednesday.

4 January 2012
Exploration & Production

China to pour $18.5 bln into CBM development

China's investment in coal-bed methane (CBM) will amount to RMB 116.6 billion ($18.53 billion) between 2011 and 2015, according to the Chinese government's 12th Five-Year CBM Development Plan released on Saturday.

4 January 2012
Pipelines, Storage & Power

Sinopec sources suppliers for two transnational SNG pipelines

Sinopec, one of China’s three state-owned energy giants, has agreed to source synthetic natural gas (SNG) from nine firms for two cross-country SNG pipelines, state-run Xinhua news agency reported on Friday.

4 January 2012
Exploration & Production

China implements pilot gas pricing reform

The Chinese government has implemented a pilot scheme in Guangdong province and the Guangxi Zhuang autonomous region which will see domestic gas prices linked to those of imported fuel oil and liquid petroleum gas (LPG), a move which strongly signals the country’s intention to move towards market liberalisation.

3 January 2012
Exploration & Production

China implements pilot gas pricing reform

The Chinese government has implemented a pilot scheme in Guangdong province and the Guangxi Zhuang autonomous region which will see domestic gas prices linked to those of imported fuel oil and liquid petroleum gas (LPG), a move which strongly signals the country’s intention to move towards market liberalisation.

3 January 2012
Supply & Demand

China's LNG imports in November up 52%

China's LNG imports in November surged by 51.79% from October to a record 1.29 million tons, according to statistics released by the General Administration of Customs on Wednesday.

22 December 2011
Pipelines, Storage & Power

CNPC taps units to build undersea section of WEP II spur

China National Petroleum Corp. has signed an engineering, procurement, installation and construction contract with three subsidiaries to build the undersea section of the second West-East Natural Gas Pipeline's (WEP II) Hong Kong-Shenzhen spur, CNPC announced on Wednesday.

22 December 2011
Exploration & Production

CNOOC to drill first offshore well in Cambodia as new regulations take shape

China National Offshore Oil Corp. Ltd.'s (CNOOC Ltd.) offshore exploration programme in Cambodia is underway and moving towards the drilling phase, a spokesperson for the company told Interfax on Wednesday.

22 December 2011
Exploration & Production

CNPC unit to boost south Qinshui Basin CBM production capacity next year

PetroChina Huabei Oilfield, a unit of state-owned China National Petroleum Corp., said on Thursday it expects to be capable of producing 1.5 billion cubic metres of coal-bed methane (CBM) in the south Qinshui Basin every year by 2012.

22 December 2011
Exploration & Production

Sebei gas field's output up 11%

The Sebei gas field in west China's Qinghai Province produced approximately 6 billion cubic metres of gas this year as of last Thursday, an 11% increase year-on-year, China National Petroleum Corp. (CNPC), the field's operator, said on Tuesday.

21 December 2011
Companies & Finance

Kunlun gets nod to acquire 60% stake in gas distributor

Kunlun Energy has won approval from China's Ministry of Commerce to acquire a 60% stake in PetroChina Beijing Gas Pipeline from PetroChina, Kunlun Energy announced on Tuesday.

21 December 2011

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