Sinopec Announces New Discovery in Xinjiang
Sinopec Company announced that it has achieved a new oil discovery, that can produce more than 100 million tons of oil and gas, in the Shunbei area of the Tarim Basin in the country's Xinjiang region.
China | Egypt Oil & Gas - Part 5
China’s CNPC Eyes New Shale Oil Production From Daqing Oilfield
China National Petroleum Company (CNPC) announced that it plans to produce from new shale oil from formations within the area of the existing Daqing oilfield.
Chinese Sinopec Discovers Abundant Natural Gas in Zhongjiang Field
The newly added natural gas in the Zhongjiang gas field has proved reserves exceeding 34 billion cubic meters (bcm), raising the total proved reserves 106.1 bcm.
China’s Daily Crude Output Declines to 13.9 mb/d in July, Lowest Since May 2020
This comes as the independent plants in China, also known as teapots, cut production in the middle of high inventories, tighter quotas, and weakening profits.
China’s Oil Products Exports Down 28% in July
China’s oil product exports have fallen 28% to 4.64 million tons (mmt) month on month (MoM) in July due to oil companies’ quotas shortage.
China’s Crude Oil Imports Jump to 41.2 M tons in July
The country imported a total of 41.24 million tons of crude oil in July, with an average of 9.71 million barrels per day (b/d).
China’s First Independent Offshore Project Operates at Full Capacity
China National Offshore Oil Corp (CNOOC) announced that Liuhua 16-2 oilfield cluster, China's first independent deep-water oil and gas project, operates at its full capacity in the South China Sea.
Sinopec Targets 65% Increase in Natural Gas Output by 2025
China’s Sinopec targets a 65% increase in its domestic natural gas output to reach 48 billion cubic meters (bcm) by 2025.
China to Build LNG Terminal in Guangdong
China announced that it has started to build a liquefied natural gas (LNG) terminal at a capacity of 4 million tons with investments of $1 billion in the southern coastal province of Guangdong.
Shell to Supply Carbon-Neutral LNG to PetroChina
Shell Company announced that it has signed a contract for supplying carbon- neutral liquefied natural gas (LNG) to PetroChina International Company (PCI).
