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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 year 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 year 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 year 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 year 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 year 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 year agoPress > CNOOCProfitReserves +3

Providence Resources Barryroe Farm-out

FARM-OUT AGREEMENT SIGNED STANDARD EXPLORATION LICENCE 1/11 -  BARRYROE, NORTH CELTIC SEA BASIN PROVIDENCE & LANSDOWNE AGREE TO FARM-OUT A 50% WORKING INTEREST IN BARRYROE TO A CHINESE CONSORTIUM (“THE CONSORTIUM”) LED BY APEC ENERGY ENTERPRISE LIMITED (“APEC”) THE CONSORTIUM TO FUND ...

OilVoice Press - OilVoice


Posted 1 year 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 year 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 year agoOpinion > HoustonChinaChina National Petroleum Corporation CNPC +70

China Leads Globally With Most Planned Isomerization Capacity Additions, Says GlobalData

Analysis of global planned isomerization capacity of refineries shows that China has the highest capacity globally with 204.8 thousand barrels per day (mbd) during 2018 to 2021. Nigeria and Iran follow with 106.4 mbd and 58.3 mbd, respectively, according to GlobalData , a leading data and analyti ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > ChinaIsomerizationRefinery

CNOOC Limited Announces Weizhou 6-13 Oilfield Commences Production

(Hong Kong, March 20, 2018) - CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that Weizhou 6-13 oilfield has commenced production ahead of schedule. Weizhou 6-13 oilfield is located in Beibu Gulf in the South China Sea with an average water depth of approximately 35 ...

OilVoice Press - OilVoice


Posted 1 year agoPress > OilfieldProductionCNOOC +2

Chinese Government Stockpiling to Slow as Commercial Stocks are High

The last three projects of China's second phase of strategic petroleum reserve development will potentially add 90,000 b/d to government stocking in 2018 and 2019. Combined with an addtional 20,000 b/d of leased commercial storage for the SPR, it will bring strategic stocking to 110,000 b/d, accordi ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > ChinagovernmentReserves +3

Sinopec Launches Petroleum Blue Book; China’s Oil Products Market Attracts Diversified Competitive Suppliers

(Houston, 1 March 2018) China Petrochemical Corporation (“Sinopec”) announced today the release of China Petroleum Industry Development Report (2018) in Houston, the United States. The Blue Book reveals that China's domestic demand for oil products improved in 2017, with estimated consumption r ...

OilVoice Press - OilVoice


Posted 1 year agoPress > Oil ProductsSinopecChina +3

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 year 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 1 year agoPress > ChinaFugroGMGS +3