South China Sea
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CNOOC Commences Production at Liuhua Joint Oilfield
Sunday, 20th September 2020
China National Offshore Oil Corporation (CNOOC) has announced that Liuhua 16-2 oilfield/ 20-2 oilfield joint development project has commenced production.
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China Makes Breakthrough in Deep Water Gas Exploration
Monday, 1st June 2020
A submarine pipeline at a depth of 1,542 meters has been successfully completed at the Lingshui 17-2 gas field in the South China Sea which could promote the exploitation of deep-water gas resources.
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Sinopec Entrenches its Reach in Maritime Southern Asia
Tuesday, 15th December 2015
China Petrochemical Corp., Sinopec announced its plan to build a gasoline filling station and a storage depot at its outpost in the disputed Paracels Island in the South China Sea to ramp up its fuel supplies. -
China Moves Oil Rig Closer to Vietnam’s Coast, Pushes Conflict
Sunday, 28th June 2015
China has moved an oil rig at the center of last year's violent dispute with Vietnam closer to Vietnam's coast in the disputed South China Sea, just weeks ahead of the first visit by a chief of Vietnam's Communist Party to Washington. -
Energy Conflict Brewing with Indonesia in South China Sea
Tuesday, 24th March 2015
Indonesian President Joko Widodo said one of China's main claims to the majority of the South China Sea had no legal basis in international law, but Jakarta wanted to remain an "honest broker" in one of Asia's most thorny territorial disputes. -
Philippine Government Orders Suspension of Oil Exploration Over Dispute With China
Wednesday, 4th March 2015
The Philippine government has ordered the suspension of all exploration at an offshore oil and gas field because of an ongoing territorial dispute with China, a Filipino-British company said. -
China Discovers Substantial Gas Field in South China Sea
Wednesday, 11th February 2015
China said its recent gas discovery in the politically volatile South China Sea could yield 100 billion cubic meters of natural gas, underlining Beijing's determination to extract resources from waters claimed by several nations
Latest News
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GUPCO to Invest $562 MM in FY 2020/21
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El Molla reviews plan of Natural Gas Delivery to 1.2 MM Households
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Egypt Launches First Natural Gas Stations App
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Official Gazette publishes Law authorizing Oil Exploration Contracts in Sidi Barrani
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 59.91 | +0.27% |
Crude Oil (Brent) Brent | USD/bbl | 62.85 | +0.24% |
NYMEX Natural Gas | USD/MMBtu | 2.88 | +1.30% |
OPEC Basket Price | USD/bbl | 64.24 | -0.20% |
Last Modified March 3, 2021