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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
Policy & Regulation

China lowers gas targets in five-year plan

China expects gas production to account for between 7% and 8% of its energy mix by 2015, down from an original target of 8.3%, state media reported on Friday.

9 December 2011
Companies & Finance

Far East Energy closes $25 million loan deal with Standard Chartered

Houston-based Far East Energy has closed a $25 million loan deal with London-based lender Standard Chartered for the development of its Shouyang coal-bed methane (CBM) project in Shanxi Province, China.

9 December 2011
Exploration & Production

Xinjiang Guanghui puts first phase of coal chemical-LNG facility into operation

Xinjiang Guanghui Industry Co. Ltd. (Xinjiang Guianghui) has put the first phase of a coal chemical-LNG facility in the Xinjiang Uyghur Autonomous Region's Kumul Prefecture into operation, state-run Shanghai Securities News reported on Friday.

9 December 2011
Exploration & Production

Daily output at Sulige gas field hits 46 MMcm

China National Petroleum Corp.'s (CNPC) Sulige gas field in the Ordos Basin is producing more than 46 million cubic metres of gas per day (MMcm/d), more than the daily output expected at this stage of the project, CNPC announced on Thursday.

9 December 2011
Policy & Regulation

Jiangxi Province offers subsidies to encourage natural gas changeover

Industrial enterprises using coal gas in Jiangxi Province are being offered an incentive if they switch to natural gas, the Jiangxi provincial government announced on Wednesday.

9 December 2011
Companies & Finance

ENN Energy emerges as potential investor in China Gas

Trading of shares in China Gas Holdings and ENN Energy Holdings on the Hong Kong Stock Exchange (HKSE) was suspended on Wednesday, fuelling speculation that ENN Energy is on the brink of acquiring a substantial stake in China Gas.

8 December 2011
Pipelines, Storage & Power

CNPC invites EPC bids for western section of WEP III

China National Petroleum Corp. (CNPC) is inviting bids for the engineering, procurement and construction (EPC) of the third West-East Gas Pipeline's (WEP III) western section, Huang Changming, a CNPC official, confirmed to Interfax on Thursday.

8 December 2011
Exploration & Production

PSC parameters dampen foreign interest in China shale

China may struggle to attract foreign investment into its shale gas sector unless rules over the length of production sharing contracts in the country's energy sector are revised, an industry consultancy said on Wednesday at the second Annual Unconventional Gas Asia Summit in Beijing.

8 December 2011
Pipelines, Storage & Power

China approves first home-grown pipeline compressor

China's first home-grown compressor unit for long-distance gas pipelines has passed final checks by the National Energy Administration, demonstrating that the country now has the core competency to produce a vital component of gas transmission networks.

7 December 2011
Exploration & Production

China targets US levels of shale gas production

China’s unconventional output will equal that of the United States says Fu Chengyu, Chairman of China Petrochemical Corporation

7 December 2011
Exploration & Production

CNPC sees results at China's first shale gas horizontal well

China's first horizontal shale gas well, operated by China National Petroleum Corp. (CNPC), has produced more than 2 million cubic metres of shale gas since beginning test production in August, a manager with CNPC's partner on the project told Interfax on Tuesday at an industry conference in Beijing.

7 December 2011
Exploration & Production

Cheaper LNG likely product of strong shale growth in China

Strong growth in the shale gas sector in China could lead to cheaper prices for LNG across Asia, and even in Europe, over the long term, a paper published by a United States public policy think tank, the Baker Institute, has suggested.

7 December 2011

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