All posts for China

Why is Oil Building Up Along China’s Coast?

Crude oil floating storage in China's Shandong province surged by 20 million barrels from late February to early April as an armada of supertankers queued up near the province's coastal refineries to unload their cargoes, satellite images analyzed by Kayrros reveal. A fast-growing energy consumer, ...


Posted 21 days agoOpinion > OilOil and GasChina +9

CNOOC and Shell Joint Venture Starts Production at New Petrochemical Units in China

China National Offshore Oil Corporation (CNOOC) and Shell Nanhai B.V. (Shell) today announce the official start-up of the second ethylene cracker at their Nanhai petrochemicals complex in Huizhou, Guangdong Province, China. Several linked derivative units have also started up and the remaining uni ...

OilVoice Press - OilVoice

Posted 23 days agoPress > CNOOCShelljoint venture +4

A New Lithium War Is About To Begin

By James Stafford - Apr 24, 2018, 6:00 PM CDT It's the modern gold rush. Around the world, the most sought-after mineral isn't a precious metal, nor is it oil and gas…it's lithium. Lithium, or “white petroleum” as some call it, has become a crucial element in today's high-tech econom ...

Oilprice Staff

Posted 29 days agoOpinion > oilpriceLithiumWhite Petroleum +3

Dealing in China’s South Sea

  Depends on who you ask, there are signs that the friction in the oil rich South China Sea may be abating. Tensions seem to be easing in the short term, with nothing resolved to the long-term problem of border demarcation. Two countries in particular have been China's main thorn in their quest ...

Easwaran Kanason

Posted 1 month agoOpinion > South China SeaChinaVietnam +2

No ‘Home Alone’ for Saudi’s Crude

Saudi Aramco's plan to diversify its downstream portfolio reached another milestone last week, as the OPEC giant signed an agreement with India to invest in the planned 1.2 mmb/d Ratnagiri refinery in Maharashtra state. In return, Aramco receives a 50% stake in the refinery – itself a joint vent ...

Easwaran Kanason

Posted 1 month agoOpinion > Saudi AramcoCrude oilChina +1

Chinese Crude Oil Inventories Decline Slightly Amid Record Refinery Runs in March

China Crude Oil Inventory - Seasonality Chart MMb Source: Kayrros Kayrros sees Chinese stocks in the first half of April up by 5.25 MMb, at 470.91 MMb, partly reversing March draws. China April stocks remain at an 18.86 MMb deficit ...

OilVoice Press - OilVoice

Posted 1 month agoPress > ChinaCrudeCrude oil

CNOOC Limited Announces Key Operational Statistics for Q1 2018

(Hong Kong, April 20, 2018) - CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its key operational statistics for the first quarter of 2018. The Company achieved total net production of 120.1 million barrels of oil equivalent (“BOE”) for the first quarter of 2018, re ...

OilVoice Press - OilVoice

Posted 1 month agoPress > Operational UpdateCNOOCChina +6

Recent Increase in Chinese Floating Storage is Caused by Import Quotas and New Taxes

  Vessels are waiting to unload on the Chinese coast China's 10-day floating storage has shown a major build in the past two months (+19.7 MMb from February 9 to April 6), reaching a yearly high of 23.7 MMb on April 6. ...

OilVoice Press - OilVoice

Posted 1 month agoOpinion > KayrossChinaChinese Floating Storage +3

US Leads Globally in Planned Polyethylene Capacity Additions to 2022

Analysis of the global planned polyethylene capacity shows that the US has the highest planned polyethylene capacity additions globally with 9.4 million tonnes per year (mtpa) during 2018 to 2022, followed by Iran and China with 5.8 mtpa and 4.4 mtpa respectively, according to GlobalData , a lea ...

OilVoice Press - OilVoice

Posted 1 month agoOpinion > United StatesUSGlobalData +3

China Leads Globally With Most Planned Hydrocracker Unit Capacity Additions to 2022, Says GlobalData

Analysis of planned hydrocracker unit capacity of refineries shows that China has the highest planned hydrocracker capacity globally with 232.0 thousand barrels per day (mbd) during 2018 to 2022. Nigeria and India follow with 188.5 mbd and 136.0 mbd, respectively, according to GlobalData , a lea ...

OilVoice Press - OilVoice

Posted 1 month agoOpinion > GlobalDataChinaHydrocracker +1

China Leads Globally With Most Upcoming Hydrotreater Capacity Additions by 2021, says GlobalData

Analysis of hydrotreater capacities for global refineries shows that China has the highest capacity globally with 1,591.8 thousand barrels per day (mbd) to be added between 2018 and 2021. Nigeria and Iran follow with 919.6 mbd and 789.7 mbd added respectively by 2021, according to GlobalData , a ...

OilVoice Press - OilVoice

Posted 1 month agoOpinion > GlobalDataChinaHydrotreater

CNOOC Limited: Reserve and Profit Significantly Increased, Net Profit Greatly Improved

HONG KONG, March 29, 2018 /PRNewswire/ -- CNOOC Limited (the "Company") (SEHK: 00883) (NYSE: CEO) (TSX: CNU) today announced its 2017 annual results for the year ended December 31, 2017. The Company significantly advanced work in exploration, development and production throughout 2017, which have ...

OilVoice Press - OilVoice

Posted 1 month agoPress > CNOOCProfitReserves +3

Providence Resources Barryroe Farm-out


OilVoice Press - OilVoice

Posted 1 month agoPress > IrelandProvidence ResourcesFarm-Out +4

China to Tap Stranded Russian NGLs

China is on the verge of completing a LPG terminal enabling Russia to deliver up to 100,000 b/d of LPG to China, according to ESAI Energy's newly published Global NGLs Outlook. The terminal is the first of several projects paving the way for the extraction of stranded NGLs in East Siberia and delive ...

OilVoice Press - OilVoice

Posted 1 month agoPress > ChinaRussiaNGLs +4

Dr. Daniel Fine: OPEC in Houston and Steel Pipes From China

For a week in March, Houston was the site of a world assembly of oil producers engaged in an OPEC-Russia dialogue with American shale or light tight oil producers on supply and — indirectly — price.  OPEC and Saudi Arabia pitched a market information offensive.  Put simply, American oil producers ...

Will Fine

Posted 1 month agoOpinion > HoustonsteelChina +71