Oil Prices Drop as Shanghai Goes into Lockdown
Global oil prices decreased as China implemented a lockdown in Shanghai, which is considered a major manufacturing and financial hub.
China | Egypt Oil & Gas - Part 5
Sinopec’s Refineries Sustain “Fairly High” Production Level Amid Supply Disruption
Ma Yongsheng, Sinopec's chairman, stated that the company’s refineries are operating at “fairly high” level to secure steady fuel supply in the country amid global oil supply disruption due to Russian’s invasion t ...
Sinopec Finishes China’s First Megaton CCUS Project
China Petroleum & Chemical Corporation (Sinopec) announced the completion of China's first megaton carbon capture, utilization and storage (CCUS) project, the Qilu-Shengli Oilfield CCUS.
Saudi Arabia Remains China’s Top Oil Supplier Despite Imports Decline in November
China’s crude oil imports from Saudi Arabia has declined by 13% during November 2021 to 7.4 million barrels per day (mmbl/d) compared to 2.06 mmbl/d in November 2020.
Petronas, Shenergy Agree on China LNG Shipments
Petronas Company announced that it has signed an agreement with Shenergy Group Company to send three carbon neutral liquefied natural gas (LNG) cargoes from Petronas LNG complex, located in Bintulu, to China.
Saudi Holds on to Top Rank as China’s Crude Supplier
Saudi Arabia retained a top spot in oil supplies to china for a ninth straight month in August as major producers relaxed production cuts.
China’s Sinopec to Spend $4.6 b on Hydrogen Energy by 2025
China’s Sinopec company announced that it intends to spend $4.6 billion on hydrogen energy by 2025.
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’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.
