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Companies & Finance

China Investment Corp. holds talks with BG on QCLNG

China Investment Corp., the country’s sovereign wealth fund, has held talks with BG Group to acquire an interest in the British company’s QCLNG project in Australia, Reuters reported on Friday, citing sources familiar with the matter.

27 April 2012
Companies & Finance

Price caps squeeze Q1 profits for state-owned Chinese majors

The listed arms of state-owned energy giants China National Petroleum Corp. (CNPC) and Sinopec announced mixed first quarter (Q1) results on Thursday.

27 April 2012
Exploration & Production

Shell looking for additional Chinese acreage as shale proves promising

Royal Dutch Shell is pursuing additional Chinese acreage for oil and gas projects, Simon Henry, the company’s Chief Financial Officer, told reporters in a conference call on Thursday.

26 April 2012
Exploration & Production

CNPC breaks ground on second phase of Turkmenistan gas project

Construction has begun on the second phase of the Sino-Turkmen Amu Darya gas project in Turkmenistan, China National Petroleum Corp. (CNPC), a partner in the project, announced last week.

26 April 2012
Supply & Demand

Sales growth threatened as WEP hits capacity

China's flagship West-East Gas Pipeline network is close to operating at its transmission capacity of 30 billion cubic metres per year.

26 April 2012
Exploration & Production

Sinopec Southwest to develop gas in Sichuan’s Bazhong City

Sinopec Southwest Oil & Gas improved its chances of hitting ambitious exploration and production targets for 2015 after the company agreed on Wednesday to develop gas in Sichuan Province’s Bazhong City.

26 April 2012
Exploration & Production

China will struggle to hit shale targets – OIES report

A new report from the Oxford Institute for Energy Studies (OIES) suggests China will struggle to hit the ambitious production targets set out in its 12th five-year plan on shale gas development.

25 April 2012
Pipelines, Storage & Power

Pipe producer Chu Kong’s profit jumps 228%

In a further sign of China’s push to expand the country’s natural gas distribution network, longitudinal submerged arc welded pipe producer Chu Kong Petroleum and Natural Gas Steel Pipe Holdings posted a 228.5% jump in profits in 2011, according to results released on Monday.

24 April 2012
Pipelines, Storage & Power

Taiyuan city pipeline set for expansion

Taiyuan, capital of northern China’s Shanxi Province, will spend more than RMB 3 billion ($475.57 million) this year to expand its gas pipeline network, a source with the local arm of the National Development and Reform Commission (NDRC) told Interfax on Tuesday.

24 April 2012
LNG

Shaanxi expands liquefaction capacity with 200,000 tpa plant

Privately-held Chinese company Ginwa Group has begun construction of a gas liquefaction plant in west China’s Shaanxi Province, local newspaper Yan’an Daily reported on Thursday last week.

24 April 2012
Companies & Finance

CNOOC’s Q1 oil and gas output dips by 6.3%

China National Offshore Oil Corp. Ltd.’s (CNOOC Ltd.) oil and gas output declined by 6.3% year-on-year to 79.8 million barrels of oil equivalent in the first quarter (Q1) of 2012, according to a filing made on Tuesday with the Hong Kong Stock Exchange.

24 April 2012
Supply & Demand

Jiangsu consumes 4 bcm of gas in four-month period

Jiangsu Province consumed 4 billion cubic metres of gas over the four-month period beginning November 2011, the National Development and Reform Commission (NDRC) announced on Monday.

24 April 2012
Exploration & Production

Gas discovery has potential to worsen South China Sea dispute

Philippine Stock Exchange-listed Atok-Big Wedge plans to focus its resources on oil and gas exploration instead of mining, and is upbeat about its new investment in the country’s Sampaguita offshore gas discovery.

24 April 2012
Supply & Demand

Hainan gas use edges down on diminished upstream supplies

China’s island province of Hainan consumed 770 million cubic metres (MMcm) of gas in the first two months of 2012, down by 6.8% from a year earlier, the National Development and Reform Commission announced on Thursday.

23 April 2012
Supply & Demand

China’s LNG imports to hit 34 mln tons by 2015

China’s LNG imports are projected to reach 34 million tons by 2015, and may exceed Japan’s imports within 10 years, an economist with China National Petroleum Corp. told Interfax on Thursday.

20 April 2012
Pipelines, Storage & Power

Power firms balk at Guangzhou shift to gas power – report

Guangzhou City’s bid to replace coal with gas in its energy mix has met strong resistance from local thermal power producers, according to a state media report.

20 April 2012
Companies & Finance

Sinopec heft alone insufficient to win China Gas

Four months on from Sinopec and ENN Energy Holdings’ initial bid to acquire China Gas Holdings, the pair appear to be no closer to reaching a deal than they were in December.

20 April 2012
Supply & Demand

China’s gas imports surge by 65.5% in Q1

China’s gas imports in the first quarter (Q1) of 2012 surged by 65.5% year-on-year to 9.7 billion cubic metres, while domestic output rose by 7.3% over the same period to 28.8 bcm, the National Development and Reform Commission (NDRC) said on Thursday.

19 April 2012
Exploration & Production

China’s CBM boom hinges on Shanxi Province

With China’s gas consumption rapidly outpacing domestic production growth, the leadership is hopeful Shanxi’s CBM reserves will soon come online.

19 April 2012
Exploration & Production

Jilin gas output up 52% in first two months of year

Jilin Province’s gas output in January and February surged by 51.7% from a year earlier to 349 million cubic metres (MMcm), the National Development and Reform Commission (NDRC) announced on Tuesday.

18 April 2012

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