China


All posts for China

China Becomes World’s Second Largest LNG Importer, Behind Japan

Source: GIIGNL LNG reports (2010-16), Global Trade Tracker export-import trade statistics (2017), and IHS Markit China surpassed South Korea to become the world's second-largest importer of liquefied natural gas (LNG) in 2017, according to data from IHS Markit and official Chinese government s ...

OilVoice Press - OilVoice


Posted 1 day agoOpinion > EIAEnergy Information Administration EIAChina +5

Fugro Returns to China for Gas Hydrate Research Project in Further GMGS Contract

Fugro has been awarded a contract by Guangzhou Marine Geological Survey (GMGS) for gas hydrate investigation on the Northern Continental Slope of the South China Sea. The contract is valued at approximately US$ 40 million and the project is expected to commence in the second quarter of 2018. This ...

OilVoice Press - OilVoice


Posted 3 days agoPress > ChinaFugroGMGS +3

China Leads Globally with Most Planned Delayed Coking Unit Capacity Additions, says GlobalData

Analysis of the planned delayed coking units (DCU) capacity of refineries shows that the Jieyang refinery in China has the highest planned DCU capacity globally with 153 thousand barrels per day (mbd). Saudi Arabia has the second highest with 104 mbd and Panjin II and Palu are jointly in third with ...

OilVoice Press - OilVoice


Posted 12 days agoOpinion > ChinacokingDCU +2

CNOOC Limited to Become a Component of Hang Seng China Enterprises Index

(Hong Kong, February 12, 2018) - CNOOC Limited (the “Company” or “CNOOC”, SEHK: 00883, NYSE: CEO, TSX: CNU) is pleased to announce that the Company will become a component of the Hang Seng China Enterprises Index (“HSCEI”), effective from 5 March 2018. The move comes after Hang Seng Indexes Compan ...

OilVoice Press - OilVoice


Posted 12 days agoPress > CNOOCChinaHang Seng Enterprises Index +1

China’s Petrochemical Boom

By some reports, China is expected to account for  50% of all growth  in the petrochemical sector through 2025. As the country rushes to attempt petrochemical self-sufficiency – China remains deficit particularly in ethylene and benzene, as also derivatives, as its domestic demand booms – its petro ...

Easwaran Kanason


Posted 13 days agoOpinion > ChinaPetrochemicaldownstream +2

CNOOC Limited Announces its 2018 Business Strategy and Development Plan

HONG KONG, Feb. 1, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its business strategy and development plan for the year 2018. The Company's net production target for 2018 is 470 million to 480 million barrels of oil equivalent (BOE), of which ...

OilVoice Press - OilVoice


Posted 23 days agoPress > CNOOCBusiness PlanBudget +1

China and India Dominate Planned Trunk/Transmission Oil & Gas Pipelines Additions to 2022, Says GlobalData

Analysis of global planned trunk/transmission oil and gas pipelines for the period 2018 to 2022, shows that the Xinjiang–Guangdong–Zhejiang SNG gas pipeline in China is the longest planned pipeline globally with a length of 8,972 kilometres (km), according to GlobalData , a leading data and analyt ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > ChinaIndiapipeline +3

China, Nigeria and Kuwait Lead global Planned CDU Capacity Additions to 2022, Says GlobalData

Analysis of the global planned Crude Distillation Unit (CDU) capacity of refineries shows that China has the highest planned CDU capacity additions globally with 2,460 thousand barrels per day (mbd) between 2018 and 2022, followed by Nigeria and Kuwait with 889 mbd and 615 mbd respectively, accordi ...

OilVoice Press - OilVoice


Posted 1 month agoPress > GlobalDataChinaNigeria +4

Australian LNG Industry Riding High on China Boom

Total annual exports up 26% to record 56.8Mt Australian liquefied natural gas (LNG) exports hit 56.8 million tons (Mt) in calendar 2017, jumping 26.3 percent from 44.9Mt in the year prior. Combined with higher oil prices, the increase in volumes pushed up Australia's 2017 LNG export revenue by ...

OilVoice Press - OilVoice


Posted 1 month agoPress > AustraliaChinaLNG +3

Whether We Like It Or Not, Events Do Impact Oil Prices

This last week we've seen a number of significant events in the oil industry. A tanker fire and oil spill off the coast of China, President Trump's decision to ban drilling off the coast of Florida, and oil prices have now risen to their highest level since 2014. In the oil business it's easy to ma ...

Scott Johnson


Posted 1 month agoOpinion > oil priceIranDonald Trump +2

Alexey Miller: Basis Laid for Another Pipeline Route of Russian Gas Supplies to China

A working meeting between  Alexey Miller , Chairman of the Gazprom Management Committee, and Wang Yilin, Chairman of the Board of Directors of CNPC, took place in Beijing today. Highlighting the successes of their partnership in the gas sector, the parties noted the progress made in the implementa ...

OilVoice Press - OilVoice


Posted 2 months agoPress > RussiaChinaGazprom +2

Oil Prices Set to Fall in January – But Could 2018 See a Major Collapse?

There have been four major modern oil price collapses: 1986, 1998, 2008, and the most recent in 2014. Most market watchers agree that prices will fall in January 2018, but could we be on the cusp of another collapse? To spot the signs we need to go back to June 2014. Between 2000 and 2008 , oil p ...

Scott Johnson


Posted 2 months agoOpinion > Oil Price predictionscollapseUS Shale +7

Dr. Daniel Fine on Oil and Gas: Prices and Supply Short of War in Middle East

One day after the OPEC annual meeting, although composed for publication two weeks ago, this column moves the clock forward to early 2018.  There is a background noise of regional “hybrid war” intruding on the market price of World and West Texas Intermediate oil. Most analysts both commercial and ...

Will Fine


Posted 2 months agoOpinion > Kingdom of Saudi ArabiasaudiSaudi Aramco +89

China Opens Floodgates for Crude Oil Imports, Fuel Exports

China's Ministry of Commerce  has added 643,000 b/d to the 2017 fuel export quota for China's oil refineries,  according to ESAI Energy's recently published  China Trade Watch . This will significantly boost China's  fuel exports in November and December 2017.   The Ministry also announced  a crud ...

OilVoice Press - OilVoice


Posted 3 months agoOpinion > ChinaCrude ImportsFuel Exports +1

EIA Forecasts Growth in World Nuclear Electricity Capacity, Led by Non-OECD Countries

Source: U.S. Energy Information Administration, International Energy Outlook 2017 Reference case Note: OECD is the Organization for Economic Cooperation and Development. EIA's International Energy Outlook 2017 (IEO2017) projects that global nuclear capacity will grow at an average an ...

OilVoice Press - OilVoice


Posted 3 months agoOpinion > ChinaElectricityNon-OECD +5