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Exploration & Production

Dark horse enters Chinese shale gas sector

China Huaneng Group, the country’s largest power producer, is an unlikely player for China’s shale gas sector that has been largely dominated by domestic majors Sinopec and China National Petroleu

23 January 2012
Policy & Regulation

China’s gas pricing reform inches forward

Persistence by China's gas industry to change how fuel is priced has finally paid off as Beijing finally agreed in December to test a scheme to ease government-imposed price controls.

20 January 2012
Exploration & Production

China’s CBM targets hinge on level of government support

China's 12th Five-Year coal-bed methane (CBM) Development Plan has targeted 30 billion cubic metres of CBM output per year by 2015, and some experts believe the goal will be difficult to achieve without further government support and greater foreign participation.

20 January 2012
LNG

Approval near for Sinopec LNG terminal – Reuters

Sinopec’s plan to build a $2.8 billion, 3 mtpa LNG terminal in southern China is expected to receive final approval soon, Reuters reported on Friday.

20 January 2012
Exploration & Production

CNPC takes the lead in shale gas production

The ambitious production targets set by China’s 12th Five-Year Shale Gas Development Plan have been given a boost by CNPC’s most recent production figures

19 January 2012
Companies & Finance

Zitong block divestment

Canadian group Ivanhoe Energy has apologised to joint venture partner China National Petroleum Corp. after announcing the divestment of its stake in the Zitong block in China to Royal Dutch Shell without informing the state-owned Chinese company.

19 January 2012
Companies & Finance

CNOOC completes acquisition of Hengqin-Macau pipeline

China National Offshore Oil Corp. (CNOOC) has completed the acquisition of Zhuhai Donghua Natural Gas from Sinopec, CNOOC announced on Tuesday.

18 January 2012
Exploration & Production

CNOOC targets conservative production growth for 2012

China’s CNOOC Ltd, the listed arm of parent CNOOC, intends to produce 330 to 340 million barrels of oil equivalent (MMboe) in 2012, the company told investors in a conference call on Wednesday.

18 January 2012
Exploration & Production

China to produce 15 bcm of CBM in 2012

China’s coal-bed methane output is expected to reach 15.5 billion cubic metres in 2012, up by more than a third from the 11.5 bcm produced last year, state-run Xinhua news agency.

17 January 2012
Pipelines, Storage & Power

CNPC’s Xinjiang unit boosts gas-derived power output

PetroChina Tarim Oilfield, a unit of state-owned energy giant China National Petroleum Corp. (CNPC), generated 1.1 billion kilowatt hours (kWh) of electricity from gas last year, CNPC announced on Tuesday.

17 January 2012
Companies & Finance

Southwest Oil & Gas eyes 10 bcm annual output by 2015

Sinopec Southwest Oil & Gas, Sinopec’s wholly owned subsidiary, expects to produce 10 billion cubic metres of gas per year by 2015, up from 2.8 bcm last year, Sinopec announced on Monday.

17 January 2012
Policy & Regulation

Beijing outlines five-year gas development goals

PetroChina Tarim Oilfield, a unit of state-owned energy giant China National Petroleum Corp. (CNPC), generated 1.1 billion kilowatt hours (kWh) of electricity from gas last year, CNPC announced on Tue

17 January 2012
Supply & Demand

China presses Saudi Arabia on greater oil and gas co-operation

Chinese Premier Wen Jiabao urged Saudi Arabia on Saturday to open oil and gas sectors to greater Chinese investment during discussions in Riyadh with the Saudi Interior Minister Prince Nayef bin Abdul.

16 January 2012
Exploration & Production

Linc Energy in talks to enter Chinese UCG market

Australian listed Linc Energy is in talks to sell a “corner stone” stake of its business to an unspecified investor.

16 January 2012
Pipelines, Storage & Power

CNOOC completes temporary repairs to undersea gas pipeline

China National Offshore Oil Corp. Ltd. (CNOOC Ltd.) has completed temporary repairs to an undersea gas pipeline that ruptured on 19 December in the South China Sea, CNOOC Ltd. confirmed to Interfax on

16 January 2012
Exploration & Production

Loosening the grip

China watchers will have noted with interest the recent announcement of pilot reform to gas pricing in Guangdong Province and Guangxi Autonomous Region.

13 January 2012
Exploration & Production

China’s latest foreign investment guidelines draw mixed response

The latest revisions to China’s foreign investment guidelines, which the National Development and Reform Commission hopes will encourage more foreign direct investment in China’s unconventional energy sector, have drawn mixed responses from the energy industry.

13 January 2012
Pipelines, Storage & Power

Huadian gets nod for gas power projects in south China

China Huadian Corp., one of the country's largest power producers, announced on Friday that it had won government approval for two gas-fired distributed power projects in the southern provinces of Gua

13 January 2012
Exploration & Production

Rising costs and difficulties deterring oil and gas extraction in China

State-owned Chinese companies are turning away from developing domestic oil and gas resources due to the rising cost and difficulty of extraction, a non-governmental industry association said in a report released on Wednesday.

12 January 2012
Companies & Finance

Ivanhoe Energy to sell interest in China gas project to Shell

Canadian oil producer Ivanhoe Energy has signed a memorandum of understanding concerning the sale of its stake in central China's Zitong Block to Royal Dutch Shell's Chinese unit for $160 million.

12 January 2012

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