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Pipelines, Storage & Power

Undersea pipeline leak halts CNOOC operations

China National Offshore Oil Corp Ltd. (CNOOC Ltd.) halted operations at two offshore platforms near Hong Kong on Monday due to a leaking undersea gas pipeline attached to the Zhuhai terminal, the company said in a statement on Monday.

20 December 2011
Exploration & Production

Asian American Gas gets official approval for Chinese CBM project

Asian American Gas Inc. (AAGI) has won Chinese government approval for its overall development plan (ODP) for the Panzhuang coal-bed methane (CBM) project in Shanxi Province's Qinshui Basin, paving the way for AAGI to proceed with what will be the first Sino-foreign commercial CBM project in China.

19 December 2011
Exploration & Production

CNPC unit to deploy $2 bln for Jincheng CBM project

PetroChina Huabei Oilfield has signed a co-operation framework agreement with the government of Jincheng City in coal-rich Shanxi Province to develop and use coal-bed methane (CBM) resources, the Jincheng government said in a statement on Saturday.

19 December 2011
Policy & Regulation

Natural gas to account for 11% of Shanghai's energy mix by 2015

Natural gas will account for 11% of Shanghai's energy mix by 2015, up from 6.1% last year and 3.1% in 2005, according to the city's 12th Five-Year Energy Plan released last Thursday.

19 December 2011
Policy & Regulation

Xinjiang's Urumqi City hikes non-residential gas prices

The price of gas for vehicles is set to double in Urumqi, capital of the Xinjiang Uyghur Autonomous Region, after the local branch of the National Development and Reform Commission (Urumqi NDRC) announced price hikes for non-residential gas use, the state-run China National Radio reported on Saturday.

19 December 2011
Supply & Demand

CNPC advances third phase of Central Asia cross-border pipeline

Construction began on Thursday on the Uzbek section of the Central Asia-China Natural Gas Pipeline's (CACP) third trunk line, China National Petroleum Corp. (CNPC), a partner on the project, announced on Friday.

16 December 2011
Supply & Demand

Qinghai capital's gas consumption could reach 5.5 MMcm/d this winter

Gas consumption in the Qinghai provincial capital of Xining is forecast to peak at 5.5 million cubic metres per day (MMcm/d) this winter, according to a newsletter released on Friday by local gas distributor China Oil and Gas Xining (Xining Gas).

16 December 2011
Policy & Regulation

Hebei Province's Qian'an City to slash retail gas prices

Gas prices in Hebei Province's Qian'an City are set to be slashed after the city started receiving gas from the second Shaan-Jing Natural Gas Pipeline (SJNGP II) last month, Duan Chunan, a Qian'an municipal government official, told Interfax on Friday.

16 December 2011
Policy & Regulation

Pricing reform could dictate where China sources gas

With an expanding network of pipelines carrying gas from Central Asia and a string of new LNG terminals under construction along China's east coast, industry experts have put forward contrasting perspectives on how China is likely to source the bulk of its imported gas in the coming years.

16 December 2011
Exploration & Production

CNOOC deepwater drilling rig to debut in South China Sea

China's most advanced deepwater drilling rig, the Haiyang Shiyou 981, is being prepared to begin drilling in the Pearl River Mouth Basin, China National Offshore Oil Corp. (CNOOC), the rig's owner and operator, confirmed to Interfax on Thursday.

15 December 2011
Exploration & Production

CNPC begins second phase of Turkmen 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 on Thursday.

15 December 2011
Companies & Finance

China Gas Holdings rejects joint bid from Sinopec and ENN Energy

China Gas Holdings has rejected a takeover bid from Sinopec and ENN Energy Holdings, calling the offer “unsolicited” and “opportunistic” in a filing with the Hong Kong Stock Exchange (HKSE) on Wednesday.

15 December 2011
Exploration & Production

CNOOC taps CNPC unit to design onshore terminal for Lishui 36-1 gas field

China National Offshore Oil Corp. (CNOOC) has commissioned the Tianjin Design Institute, a unit of China National Petroleum Corp. (CNPC), to design an onshore terminal for the Lishui (LS) 36-1 gas field in the East China Sea, CNPC announced on Tuesday.

14 December 2011
Companies & Finance

SPT Energy Group aims to raise $70 mln in Hong Kong IPO

SPT Energy Group, a privately owned Chinese oil field services provider, plans to raise up to HK$546 million ($70.17 million) in an initial public offering (IPO) on the Hong Kong Stock Exchange (HKSE), according to an IPO prospectus filed on Wednesday.

14 December 2011
Pipelines, Storage & Power

Henan Province's Luoyang City to begin receiving WEP II gas in March

Luoyang City in Henan Province will begin receiving gas from the second West-East Gas Pipeline (WEP II) in March 2012 once a connecting pipeline has undergone three months of pre-commission checks, state-run Luoyang Daily reported on Wednesday.

14 December 2011
Companies & Finance

Sinopec, ENN Energy offer $2.14 bln for China Gas Holdings

Sinopec and ENN Energy Holdings have offered HK$16.69 billion ($2.14 billion) for a controlling stake in China Gas Holdings in a deal that would give the investors access to an extensive portfolio of downstream infrastructure projects across China.

13 December 2011
LNG

Sinopec unit links with distributor to develop north China LNG market

Sinopec Northeast Oil and Gas (Northeast O&G), a unit of state-owned Sinopec Group, has signed a co-operation agreement with Jilin Tianfu Energy (Tianfu Energy) to develop LNG businesses in north China, the Jilin provincial government announced on Sunday.

13 December 2011
Policy & Regulation

Henan Province raises residential gas prices in 14 cities

Henan Province has raised residential gas prices in 14 major cities after the local arm of the National Development and Reform Commission (Henan NDRC) pegged retail gas prices to upstream costs earlier this month, the provincial government announced on Monday.

12 December 2011
LNG

Shandong transport firm gears up for Chinese New Year travel demand

Shandong Province Communication and Transportation Group (SPCTG) plans to purchase more LNG-fuelled buses to meet travel demand during next month’s Chinese New Year holiday, Zhang Hailong, a director with SPCTG, told Interfax on Monday.

12 December 2011
Exploration & Production

Akemo gas field's daily processing capacity hits 1.3 MMcm

The Akemo gas field, owned and operated by China National Petroleum Corp. (CNPC), has raised its gas processing capacity by more than 40% since completing a recent expansion, the state-run Xinjiang Da

12 December 2011

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