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Exploration & Production

Brightoil Petroleum seals China gas project deal

Chinese fuel supplier Brightoil Petroleum Holdings (Brightoil) announced on Tuesday that it has completed its purchase of Win Business Petroleum Group's (Win Business) interest in the Dina 1 gas project.

2 February 2012
Exploration & Production

Sinopec ups proven reserves in Ordos Basin

Sinopec announced on Tuesday that it had increased proven gas reserves in the Ordos Basin by 29.92 billion cubic metres in 2011.

1 February 2012
Policy & Regulation

Lhasa to test use of gas-fired heating

Lhasa, capital of west China's Tibet Autonomous Region, is piloting the use of natural gas-fired heating

30 January 2012
Exploration & Production

CNPC bolsters oil and gas reserves at Tarim

PetroChina Tarim Oilfield discovered an additional 500 million tons of proven, probable and possible (3P) oil and gas reserves in the Tarim Oilfield last year

30 January 2012
Companies & Finance

Chinese majors expand downstream in search of gas markets

By making acquisitions in China’s gas distribution sector, three state-owned majors are gaining control of the entire gas supply chain. Interfax investigates the implications

25 January 2012
LNG

Sinopec secures additional LNG from APLNG

Chinese energy major Sinopec has signed a binding agreement to take an additional 3.3 million tons per annum (mtpa) through to 2035 from the Australia Pacific LNG (APLNG) facility on Curtis Island, ac

24 January 2012
Companies & Finance

Sinopec surprised by takeover rejection from China Gas

The rejection of a takeover bid for China Gas Holdings has developed into a rare mergers and acquisitions saga for the Chinese energy sector and could signal the end of the country’s current cycle of M&A.

24 January 2012
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

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