China


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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 > HoustonsteelChina +71

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

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 1 year 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 1 year 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 1 year 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 1 year 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 year agoOpinion > ChinaIndiapipeline +3