Industry News
2006
US panel to
review CNOOC-Iran gas field development deal - US lawmaker
(Dec 31 2006)
AFX International Focus
A US congressional committee will review a gasfield development deal
between China National Offshore Oil Corp (CNOOC) and Iran to determine
if US sanctions are called for against the Chinese company, a US
lawmaker said.
China &
Egypt to Build First Oil Drill in Egypt
(Dec 29 2006)
SinoCast
China Business Daily News
Sichuan Honghua Petroleum Equipment Co., Ltd in China signed a contract
with three Egyptian companies about setting up a joint venture in Cairo
to manufacture oil drills on December 26.
China
starts shipping oil via Mekong river
(Dec 28 2006)
Two ships each carrying 150 tons of refined oil have arrived in
southwest China's Yunnan Province from neighbouring Thailand via the
Mekong River, marking the trial launch of China's oil shipping programme
with its Southeast Asian partners.
China to
use foreign reserves to buy strategic resources like oil and minerals
(Dec 27 2006) The Associated Press
China will take advantage of its massive foreign exchange reserves to
expand its stock of strategic resources such as oil and minerals, state
media reported Wednesday, citing a top economic official.
Kazakhstan
and China reroute oil and gas exports from Central Asia
(Dec
26 2006) WPS Russian Media Monitoring Agency
President Nursultan Nazarbayev of Kazakhstan has visited. Construction
of oil and gas pipelines from Kazakhstan to China was discussed at the
talks which became another powerful blow to Russia, ...
China makes
energy efficiency evaluation compulsory threshold for investments
(Dec
25 2006) Xinhua News Agency
The documents for any investment project reported to the competent
authorities for approval or check will be required to be attached with
an analysis on energy efficiency of the project.
Chinese
Premier calls for expanding China-Kazakhstan cooperation
(Dec 22 2006)
China Daily
China and Kazakhstan should use their complementary economies to
encourage bilateral cooperation, Chinese Premier Wen Jiabao said in
Beijing on December 21.
China's
energy investment plans in Iran
(Dec 21 2006)
Reuters News
China's state-run oil trio have all entered Iran with massive oil and
gas deals totalling more than $100 billion, with third-largest firm
CNOOC the latest to clinch a gas pact with National Iranian Oil Company
(NIOC).
US welcomes
China's stance on oil stocks management
(Dec 20 2006)
Platts Oilgram News
A commitment by China to limit use of its nascent strategic oil
stockpile to mitigating supply interruptions, and not for combating high
prices, represents an encouraging development for world markets, a US
Department of Energy official said December 19.
Biofuels
Eating Into Food Grain Stocks
(Dec
19 2006)
ISI Emerging Markets Africawire China's biofuel
industry is booming thanks to voracious demand for energy to power the
country's high-flying economy.
China to
focus on energy conservation in structural adjustment in 2007
(Dec 18 2006) Xinhua News Agency
China will focus on energy conservation and consumption reduction to
promote adjustment of economic structure, change of growth mode and
improvement of quality and efficiency in its economic work in 2007...
China
initiates new study on national energy strategy
(Dec 18
2006) Xinhua News Agency
China is organizing related experts to make a new round of study on the
national energy strategy.
China
establishes national industrial association for oil circulation
(Dec
17 2006) Xinhua News Agency
Upon the wholly opening of China's oil market, China established on
Sunday an industrial association for oil circulation.
China looks
to develop more domestic energy sources - official says
(Dec
16 2006) AFX International Focus
China
will look to develop domestic sources of energy in the years ahead, with
conservation at the heart of the energy agenda, said Ma Kai, chairman of
the National Development and Reform Commission.
African
oil's allure increases as other regions tighten reins on foreign
companies
(Dec
15 2006) The Associated Press
Angola is joining OPEC, African oil exploration is booming and China is
investing. The stampede for African oil has continued, even as militant
attacks in some countries and precarious governments in others make
returns uncertain.
China
exports face growing barriers in new energy, chemical rules - report
(Dec
14 2006) Xinhua News Agency
China exports are expected to encounter growing obstacles among major
trading partners following new rules on energy use and chemical content
in those markets, the China Daily reported.
China Ready
As Oilsands Developer, But Not Operator
(Dec 13 2006)
The Daily Oil Bulletin
China is ready to provide its engineering, equipment manufacturing and
oil processing expertise to Canada's oilsands, but not to operate its
own project, a conference heard this week.
Overseas
investment: Hunt for resources in the developing world
(Dec 12 2006)
Financial Times
The “unipolar world”, in which the US was perceived as the only
superpower after the end of the Cold war, did not last long – if it ever
existed at all.
Our best
interests must be paramount when acquisitors come to call
(Dec 11 2006)
Vancouver Sun
It was
almost a parenthetical thought in Finance Minister Jim Flaherty's
economic agenda unveiled recently, but the idea that the federal
government would even consider moves to block takeovers of Canadian
companies by foreign state-owned enterprises must have caused a frisson
of terror in its most ardent supporters.
Kazakhstan
Overtakes Russia in Oil Supplies to China
(Dec 11 2006)
NOVECON: Russia/CIS Energy Digest
Russia
may lose the chance of becoming a leader in oil supplies to Asian
countries, according to Christopher van Agg, a spokesman for the
International Energy Agency for Asia.
Japan,
China Law, Tech Experts To Hold Oil,Gas Devt Talks
(Dec 10 2006) Dow Jones Asian Equities Report
Japan and China Saturday agreed to hold talks between law, technology
and security experts from both countries on the development of oil and
gas reserves in a disputed area in the East China Sea, an official from
Japan's Ministry of Foreign Affairs said Monday.
China to
launch one-million-kilowatt nuclear plant project
(Dec 09 2006)
Xinhua News Agency
China is likely to launch a nuclear power project with
one-million-kilowatt capacity in the eastern province of Zhejiang, an
official with the China National Nuclear Corporation (CNNC) said.
Russia says
slow oil flows threaten Asia pipeline
(Dec 08 2006) Reuters News
Slow growth in oil production in East Siberia is undermining Russia's
planned pipeline to China and the Pacific, Russia's Deputy Natural
Resources Minister Anatoly Tyomkin said on Friday.
China to
let foreign firms tap oil sector
(Dec 07 2006) The Wall Street Journal Asia
China issued new regulations that will open up the strategically
important domestic-energy sector to foreign companies, but the country's
oil giants are likely to continue to enjoy the backing of the state.
China's
crude, wholesale oil market rules
(Dec
06 2006) Reuters News
China on Wednesday published new rules governing the domestic crude oil
market and wholesale and retail fuel markets.
China Sees
Ethanol, Not Methanol, As Oil Option
(Dec 05 2006)
Dow Jones Energy Service
China is
expanding the use of ethanol as an alternative fuel to oil, but is
unsure about methanol as the coal-based fuel is toxic and causes
pollution, said a member of China's top bioenergy policy-making panel.
US and
China are set to clash over ever dwindling energy reserves
(Dec 04 2006)
Birmingham Post
As
the world's top two oil guzzlers, the United States and China should
have lots in common when it comes to energy policy.
As China's
reservoirs dip, oil demand rise unlikely
(Dec
03 2006) Reuters News
China's seasonal hydropower output has been falling since August as dry
weather shrinks reservoirs, but two years of rapidly rising coal- and
gas-fired power generation should prevent another surge in oil demand.
A cushion
of black gold - China and oil
(Dec
02 2006) The Economist PREDICTING
China's impact on global oil demand is difficult enough at the best of
times. But now that it is beginning to store emergency supplies of oil
in “strategic reserves”, uncertainty is all the greater.
CNPC to Build Second JV in
Russia
(Dec 01 2006) SinoCast China Business Daily News
China National Petroleum Corporation (CNPC), one of the world's leading
integrated energy companies, has signed an agreement with a Russia-based
petroleum company to establish the second joint venture in Russia at the
end of 2006 or the beginning of 2007
China
enshrines energy conservation fund in law
(Nov
30 2006) Xinhua News Agency
China's legislature is planning to include a special governmental energy
conservation fund in the new draft of the Energy Conservation Law.
Chinese
firm acquires participating interest in Indonesian oil block
(Nov 29 2006)
BBC News
CITIC Resources Holdings announced on Tuesday [28 November] it has
completed the acquisition of a 51-per cent stake in the production
sharing contract (PSC) of an oil block in Indonesia.
A
hindersight on Chinese oil companies' go-overseas setbacks
(Nov 27 2006) Xinhua News Agency
In the
past few years, Chinese oil companies have made varied achievements in
acquiring overseas oil/gas stakes.
India,
China can develop cooperation in energy sector: experts
(Nov 26 2006)
The Hindu
India and China
can further develop their cooperation in energy security by exploiting
their mutual synergies, experts feel but are still skeptical about
Beijing's intentions in joining hands with New Delhi.
Kazakhs
seeking to halt deal
(Nov
24 2006) Upstream
Kazakhstan has criticised a recently announced deal under which China
International Trust & Investment Corporation, better known as Citic,
will buy oil producer Karazhanbasmunai from Canada's Nations Energy,
writes Vladimir Afanasiev.
China's oil
giants make tentative moves into "green fuels" sector
(Nov
24 2006) BBC News
China's oil giants - normally in the news for their massive profits and
international expansion - are making tentative moves into the green
fuels sector.
China
International in talks with Kazakhstan on 1.91 bln usd oil deal - report
(Nov
24 2006) Xinhua News Agency
Chinese and Kazakh officials are negotiating a deal to allow state-owned
conglomerate China International Trust & Investment Corp to complete its
1.91 bln usd purchase of oil assets in the central Asian country, ...
CITIC Eyes
Mid-Dec Pact To Smooth Kazakh Deal - Source
(Nov 23 2006)
Dow Jones International News
Chinese and
Kazakh government officials are working on a settlement that could pave
the way for state-owned conglomerate China International Trust &
Investment Corp. to complete its announced $1.91 billion purchase of
Kazakhstan oil assets, ...
Chinese
expected to buy Angola's new Dalia crude
(Nov 22 2006)
Reuters News
The first
shipments of Angola's Dalia crude were expected to load in January with
Chinese refiners the most likely buyers, traders said on Wednesday.
China Looks
To Unconventional Oil Reserves To Meet Growing Demand
(Nov 21 2006)
Emerging Markets Daily News
The
growing importance of unconventional oil reserves in meeting projected
oil demand growth in China was underlined during the inaugural World
Heavy Oil Conference in Beijing.
China aims
to match domestic, international gas prices, official
(Nov
20 2006) Xinhua News Agency
China is
mulling over new policies that will match its domestic gas prices with
the international levels, according to sources with the National
Development and Reform Commission (NDRC).
Aramco in
China move
(Nov 19 2006)
ICIS Chemical Business
Americas Saudi Aramco has opened an office in Shanghai, China,to tap
local manufacturing competence and material supply services.
China
extends guarded support to India's quest for N-energy
(Nov 19 2006) Organisation of Asia-Pacific News Agencies
China has expressed guarded support to India's quest for civil nuclear
energy and rejected perceptions that the growing relations between New
Delhi and the US were aimed at containing it.
2nd
Conference on Heavy Oil is Due in Canada
(Nov 18 2006)
Trend News Agency (Azerbaijan)
Next international conference in the sphere of heavy oil production and
refinery will be held in two years in Edmonton, Canada.
Chinese
invasion was just passing through
(Nov 17 2006)
National Post
China's apparent thirst for Canadian oil hit the small city of Kitimat,
B.C., like an economic typhoon two years ago.
Saudi
Aramco May Boost Crude Exports To Asia
(Nov 15 2006)
Emerging Markets Daily News
Saudi
Aramco, the largest state oil company in the world, may increase its
crude exports to Asia by up to 2% next year in order to meet growing
demand.
Enbridge
makes new pitch to Chinese on oil sands stake
(Nov 14 2006)
The Globe and Mail
Calgary-based Enbridge Inc. is trying to kick-start Chinese investment
in Alberta's oil sands, just weeks after announcing the delay of its
Gateway pipeline project due to lack of Chinese contracts.
CNOOC
Starts Drilling First Exploration Well in Niger
(Nov 14 2006)
Xinhua News Agency
Based on November 10th reports, China National Petroleum Corporation,
the parent of PetroChina Limited, announced recently that its unit,
China National Oil & Gas Exploration and Development Corporation, has
started the drilling of well Saha-1, ...
Allure Of
Oil Sands Hard To Resist
(Nov 14 2006)
Dow Jones Asian Equities Report
Canada's vast reserves of oil sands make it the promised land for
countries worrying about their energy security, but a slow start by
Chinese companies in breaking into the market has left them struggling
to catch up with foreign rivals.
China
reiterates fuel tax to be introduced at appropriate time - planning
agency
(Nov 13 2006) Xinhua News Agency
China will
introduce a fuel tax at an appropriate time in order to discourage
excessive consumption as energy demand grows, ...
China eyes
incentives for heavy oil exploration
(Nov 12 2006)
Reuters News
China has planned a raft of tax incentives to boost investment in heavy
oil deposits including oil shale and oil sands, as Beijing looks to
boost energy security, a senior government official said.
China to
grant subsidy to bioenergy-producing firms to reduce oil dependency
(Nov
11 2006) BBC News
China will grant subsidy to bioenergy-producing companies when the
international crude oil prices fall below the oil alternative's
production cost and last for a long period.
Beijing
congress expected to attract 500 companies
(Nov 10 2006) National Post
The Alberta government is partnering with China's largest
state-controlled oil company to host the world's heavy oil industry in
Beijing starting Sunday.
Azerbaijan
Minister for Industry & Energy to talk at Oil Conference in Beijing
(Nov
09 2006) Trend News Agency (Azerbaijan)
the Azerbaijani Ministry for Industry & Energy, will deliver a report on
‘Contemporary Energy Policy of Azerbaijan’ at the forthcoming
specialized international conference on heavy oil production and
refinery to be held in Beijing on 12-15 November ...
China,
Saudi Arabia eye fund to boost investment
(Nov
08 2006) South China Morning Post
China and Saudi Arabia may study a plan on the establishment of a fund
to encourage investment between the two countries, according to a senior
official of the Middle Eastern kingdom.
Wisdom of
China's strategic oil reserves
(Nov 07 2006)
China Daily
Starting from early August, the international oil price started
plummeting by sharp margins, with the price of crude futures on the New
York market dropping by more than 20 per cent from the record-high of
US$77.03 a barrel.
Survey for
Russia-China Oil Pipeline Project Starts
(Oct 31 2006)
China Industry Daily News
Based on October 30th reports, the relevant Chinese departments
disclosed recently that the scientific research and survey work for the
proposed Russia-China crude oil pipeline project has started.
S.E. Asian
nations to develop alternative energy sources with China
(Oct 31 2006)
Kyodo News
Southeast Asian nations will cooperate with China to develop alternative
sources of energy because the region cannot rely on fossil fuels,
Malaysian Prime Minister Abdullah Ahmad Badawi said Tuesday.
China
Energy Cos Branch Out With Indonesia Deals
(Oct
30 2006) Dow Jones International News
China's energy companies are expanding their footprint in Asia, scoring
a series of multi-billion dollar deals to build power and chemical
plants in Indonesia, a key supplier of China's growing imports of
natural gas.
Egypt turns
to Russia and China over nuclear energy
(Oct 29 2006)
Agence France Press
Following a 20-year freeze, Egypt has turned to China and Russia for
help in relaunching its civil nuclear programme, a move which risks
ruffling the feathers of its American ally, analysts say.
Never too
late to scramble - China in Africa
(Oct 28 2006)
The Economist
China is rapidly buying up Africa's oil, metals and farm produce. That
fuels China's surging economic growth, but how good is it for Africa?
A Chinese
windfall for green firms
(Oct
27 2006) South China Morning Post
Last
week, Australian Environment Minister Ian Campbell led a group of 60
businesspeople - involved in the renewable energy industry - to China.
China
defends dealings with African nations accused of human rights abuses
(Oct
26 2006) The Associated Press
China
on Thursday defended its booming economic links with African governments
accused of human rights abuses, as it prepared to welcome officials from
more than 40 African countries for a conference aimed at cementing ties.
Capturing
Carbon For Energy Security
(Oct 25 2006)
Dow Jones Energy Service
China's vast coal reserves, aging oil fields and army of power stations
belching pollutants make it a prime candidate to popularize a technology
that has the potential to put the brakes on climate change.
Russia-China trade deepens, crude pipeline in focus
(Oct 24 2006)
Reuters News
Trade between China and Russia is expected to rise to $36 billion this
year, officials said on Wednesday, boosted by growing energy cooperation
between the giant neighbours and high global oil prices.
30% of
China's Crude Oil Import in 2005 from Africa
(Oct
23 2006) SinoCast China Business Daily News
In 2005, China imported crude oil of 38.3 million tons from Africa,
accounting for 30% of its total import, said Zhang Yuqing, deputy
director of energy bureau of the NDRC ...
Egypt,
China To Jointly Build 3 Oil Rigs By 2007 - Report
(Oct
22 2006) Dow Jones News Service
Egypt signed three agreements with China involving cooperation in the
oil and gas sectors, largely through building oil rigs, Al-Hayat
newspaper reported Sunday.
All natural
gas may go to China in Sakhalian-1 project
(Oct
20 2006) Kyodo News
Exxon Mobil Corp. of the United States has concluded a provisional
contract with China to supply it with all natural gas to be produced in
the Sakhalin-1 oil and gas development project, in which Japan is also
participating, oil industry sources said Saturday.
China looks
to Africa to supply energy needs
(Oct 19 2006)
Shanghai Daily
China wants to accelerate the pace of energy cooperation with Africa,
tapping oil and gas resources to feed China's growing economy while
increasing investment in the continent, a government official said.
Total
petrochem unit in China to triple output
(Oct 18 2006) Reuters News
French energy firm Total's petrochemical unit plans to triple its
polystyrene output in China in the next two years to get a bigger share
of the world's second-largest petrochemicals market.
Egypt to
produce oil rigs in deal with China
(Oct
18 2006) Reuters News
An Egyptian-Chinese company will start producing oil rigs in Egypt next
year, the Egyptian Oil Ministry said in a statement on Wednesday.
Australia
eyes larger slice of China renewables
(Oct 17 2006) Reuters News
Australia hopes to boost its slice of the Chinese renewable energy
industry as it helps its neighbour adjust to the impact of rising global
temperatures, Australian Environment Minister Ian Campbell said on
Tuesday.
Australian
renewable energy firms woo China
(Oct
16 2006) Sydney MX
Environment Minister Ian Campbell says Aussie renewable energy firms are
well placed to take advantage of China's huge demand for energy.
Keating
says nuclear energy a "bad business"
(Oct 15 2006)
The Associated Press
Australia should maintain its no new mine uranium policy and should
never sell uranium to China, former Prime Minister Paul Keating said
today
Sinopec to
build four oil product pipelines in central China
(Oct
13 2006) Xinhua News Agency
Sinopec, the largest oil refiner both in China and Asia, will reinforce
its market dominance in central China by building four oil product
pipelines in Jiangxi, according to local economic planning authorities.
China
Becomes World's Second-Largest Methanol Consuming Country
(Oct 12 2006)
Xinhua News Agency
According to the
relevant Chinese departments, China has already become the world's
second-largest methanol consuming country.
Chinese oil
company discharging oil waste near south Kazkah city
(Oct 11 2006)
BBC News
A Chinese oil extracting company in [southern] Kyzylorda Region is
flagrantly violating the law. The Ay-Dan-Munai [as heard] CNPC company
has been polluting the environment by unlawfully discharging oil wastes
in the outskirts of the [Kyzylorda] city.
China not a
threat to global energy supply: official
(Oct 10 2006)
China Knowledge Press
The booming economic growth of China should not threaten global energy
supply, said Long Yongtu, China's former chief negotiator of the World
Trade Organization, ...
China Uses
Russian Crude In Strategic Oil Reserve-Report
(Oct 09 2006)
Dow Jones International News
China has used crude oil imported from Russia in its newly built
strategic petroleum reserve, the Beijing Times reported Tuesday.
China's LNG
import to slow down for high price: CNOOC expert
(Oct 08 2006) Xinuua News Agency
The staying-high prices of international liquefied natural gas (LNG) may
restrain China's fast-growing imported-gas demand, according to a deputy
chief economist of China's largest LNG importer, CNOOC Ltd..
China has
been taking offshore oil for stocks-CNOOC
(Oct 06 2006)
Reuters News
China has been collecting some crude oil produced at offshore fields for
its strategic reserves since the start of this year, an official with
number three oil firm CNOOC said on Friday.
Kazakhstan
to become major oil, gas exporter to China
(Oct 05 2006)
Platts Commodity News
Kazakhstan is planning to deliver major volumes of Caspian oil and gas
to China by 2010 through twin 3,000-kilometer pipeline systems, a senior
Kazakh energy official said this week.
Gazprom
starts to build pipelines connecting Russia and China
(Oct
04 2006) China Knowledge Press
Russian energy giant Gazprom OAO will start building a natural gas
pipeline that will connect Russia and China, reported Xinhua news agency
yesterday.
Kazakhs may
start extending China oil link in 2007
(Oct 03 2006)
Reuters News
Kazakhstan may start work next year on an extension to its oil export
pipeline to China and plans to double the link's annual capacity to 20
million tonnes, around 400,000 barrels per day
Asia
refiners say no notice yet of Saudi oil cuts
(Sep 29 2006) Reuters News
Oil refiners in
Japan, South Korea and China said on Friday they yet to receive any
notice of cuts in supply contracts with Saudi Arabia, despite a decision
by some OPEC members to cut supplies voluntarily.
BP clinches
China deal in Fujian
(Sep 29 2006)
Upstream
BP AND China National Offshore Oil Corporation's (CNOOC) have finally
signed a deal to supply the latter's liquefied natural gas terminal in
Fujian province with LNG from the Tangguh project in Indonesia, ...
China could get Iraq's first foreign oil deal
(Sep 28 2006)
The Globe and Mail
Iraq could hand China the first foreign contract to develop its vast oil
resources, if Beijing agrees to put into effect a deal originally signed
with Saddam Hussein, Iraq's Oil Ministry said yesterday.
China,
Russia to discuss energy cooperation in Oct
(Sep
27 2006) BBC News
A Russian trade representative said here on Wednesday that Russia and
China will discuss energy cooperation issues in late October.
China
Likely to Slow down Progress in LNG Project
(Sep
26 2006) SinoCast China Business Daily News
Due to the
soaring price of liquefied natural gas (LNG), China's LNG import will go
slow, and the nation is therefore likely to slow down pace of LNG
project expansion.
Sino-Russia energy cooperation: new developments
(Sep 25 2006)
Xinhua News Agency
When Russia encountered oil and natural gas quarrels with Ukraine and
other European partners, it might start to take more serious
consideration of diversifying its energy export scheme and laying eggs
into more baskets.
Shell buys
Chinese lubricants stake
(Sep 25 2006) Financial Times
Royal Dutch Shell has bought a 75 per cent share in Tongyi, one of
China’s top lubricant producers, a deal that the oil giant said would
consolidate its position as the leading foreign company in the sector.
China Taps Middle East For Crude As Demand Surges
(Sep 24 2006)
Dow Jones International News
Crude cargoes arriving from the Middle East enabled China's oil imports
to rebound in August, but underlined how far the world's second-largest
oil consumer has to go to diversify its supplies away from the
trouble-prone region.
Korea,
China, Japan Engaged in Resource Diplomacy
(Sep 24 2006) Maeil Business Newspaper
Korea, China and
Japan are currently in the middle of a "resource diplomacy" struggle in
Central Asia, according to a report on Sunday.
Oil
transportation from Russia to China by Transsib railway hits record
(Sep
22 2006) ITAR-TASS
Oil
transportation from Russia to China by the Transsiberian Railway reached
its record level, ...
China CNOOC Inks Indonesia Tangguh LNG Supply Deal (Sep 21 2006)
Dow Jones
International News
China National Offshore Oil Corp. will announce Friday that it has
signed a deal to purchase liquefied natural gas from Indonesia's Tangguh
project, signaling a breakthrough on the long-held negotiations, ...
Sinopec
plans to launch S China oil products pipeline by end-Nov
(Sep
20 2006) Platts Commodity News
China's state-controlled oil giant Sinopec plans to put its Yuan 3
billion ($375 million) Pearl River Delta oil product pipeline in
southern Guangdong province into commercial operation by the end of this
November, a company official told Platts Wednesday.
Pakistan-China oil, gas cooperation rapidly growing: official
(Sep 19 2006)
Xinhua News Agency
Federal Minister for Petroleum and Natural Resources of Pakistan
Amanaullah Khan Jadoon has said that Pakistan-China cooperation in the
oil and gas sector was rapidly growing for the mutual advantage, ...
US controls
price of crude oil
(Sep 18 2006)
People's Daily online
Who is controlling the price of crude oil? The British Petroleum Company
(BP), OPEC and Russia are all under suspicion, but there is really only
one entity controlling the market.
China's
CNOOC inks major deal with Malaysia's Petronas
(Sep 17 2006)
Agence France Press
China National Offshore Oil Corp (CNOOC) said it has wrapped up a deal
with Malaysia's Petronas that could set a pricing benchmark for natural
gas in Asia.
China
should stop energy subsidies –central bank chief
(Sep
16 2006) Reuters
China, which is focusing on green development by improving energy
efficiency, should remove price-distorting subsidies on energy and raw
materials, central bank governor Zhou Xiaochuan said on Saturday.
Venezuela-China joint oil, gas investment to reach $5 billion
(Sep 15 2006) Reuters
Joint investment by Beijing and Caracas to develop oil and gas fields in
Venezuela will reach $5 billion, Energy Minister Rafael Ramirez said
Friday.
UK and
China sign memorandum of understanding on energy
(Sep 14 2006) Xinhua News Agency
The UK government said it has signed a deal paving the way for more
cooperation with China on energy security and renewable power.
Saudi
Aramco Awaiting Sinopec Move On China SPR
(Sep
13 2006) Dow Jones Energy Service
Saudi Arabia is waiting for China to move ahead on negotiations to build
the Asian country's first strategic oil reserves, a top Saudi Arabian
official said Wednesday.
IEA:
China Oil Demand Strong, Growth Forecast Unchanged
(Sep 12 2006) Dow Jones Chinese
Financial Wire
The International Energy Agency Tuesday
left its oil demand forecasts for China unchanged, and said the
country's oil demand remained robust in July.
U.S.
companies invest 5 bln dollars in China's oil, gas exploration projects:
official
(Sep 11 2006) Xinhua News Agency
A
senior Chinese official said here on September 11 that U.S. enterprises
have already invested 5 billion U.S. dollars in China's ongoing oil and
gas exploration projects.
PetroChina, Sinopec
Bid for Petrochemical Project in UAE
(Sep 11 2006) SinoCast China
Business Daily News
Chinese petrochemical giant PetroChina is negotiating about an USD 1
billion chemical industry park project with Abudhabi National Oil
Company (ADNOC), a state-owned petroleum enterprise of the United Arab
Emirates (UAE).
Richard
Koo, chief economist of Nomura Research Institute, says the U.S. and
China should sharply boost taxes on gasoline to cut consumption
(Sep 11 2006) BusinessWeek Online
The high oil prices of the last two years caught many by surprise. This
is especially true for those who thought that alternative energy sources
and vast reserves in marginal oil fields would keep prices from rising
too high for too long.
Dubai
Bourse Woos China On Sour Crude Futures
(Sep 11 2006) Dow Jones International News
The Dubai
Mercantile Exchange Ltd. is lobbying Chinese oil giants to trade its
Oman sour crude futures contract, hoping to boost the liquidity of the
Mideast's first energy future
China
Rejects Japan's Concern Over New East China Sea Gas Project
Wednesday,
August 30, 2006
- China rejected
Wednesday Japan's complaint over a new gas exploration project in the
East China Sea where the two countries are in dispute over resource
exploration rights, calling it a "justified activity."
Offshore Pipe
Laying for Sakhalin II Completed Ahead of Schedule
Wednesday, August 30, 2006
-
In a season of milestone achievements, Sakhalin Energy has reached
another milestone by completing the laying of its Piltun area offshore
pipelines ahead of schedule, thus concluding all offshore pipelaying
work for the Sakhalin II Phase 2 Project.
CNOOC Reports
Record Interim Results
Tuesday, August 29, 2006
-
CNOOC Limited announced today, its financial and operating results in
the first half of 2006 hit the highest record since its listing, with
total revenues, net profits and net production all increased steadily.
CNOOC Insists
Chunxiao Production Ongoing as Planned
Tuesday, August 29, 2006
-
China's largest offshore oil producer, CNOOC, has reported the Chunxiao
gas field in the East China Sea, where China and Japan have differences
over resource exploration rights, is "ongoing as planned," CNOOC
Chairman Fu Chengyu said Tuesday.
South Korea,
China Agree to Boost Energy Security Ties
Tuesday, August 29, 2006
-
South Korea and
China agreed to deepen ties for energy security, amid high global oil
prices, including sharing technologies for building strategic oil
reserves on South Korea's part, South Korea's Ministry of Commerce,
Industry and Energy said.
CNOOC Reports
Record Interim Results
Tuesday, August 29, 2006
-
CNOOC Limited announced today, its financial and operating results in
the first half of 2006 hit the highest record since its listing, with
total revenues, net profits and net production all increased steadily.
CNOOC Insists
Chunxiao Production Ongoing as Planned
Tuesday, August 29, 2006
-
China's largest offshore oil producer, CNOOC, has reported the Chunxiao
gas field in the East China Sea, where China and Japan have differences
over resource exploration rights, is "ongoing as planned," CNOOC
Chairman Fu Chengyu said Tuesday.
China, Vietnam
Agree to Accelerate Joint Oil Exploration at Beibu Gulf
Friday, August 25, 2006
-
China and Vietnam are to accelerate oil and gas exploration and
extraction in border waters of the Beibu Gulf, says a joint statement
released this week.
South Korea's
Shipyards Clinch Record Orders in First Half
Thursday, August 24, 2006
-
Shipyards in
South Korea clinched record-high orders in the first half due to a hike
in rig purchases amid high oil prices and a last-minute rush to place
orders before tougher regulations on vessel structures took effect.
PetroChina
Nets Record Profit of 80.7 Billion Yuan
Wednesday, August 23, 2006
- PetroChina, China's biggest oil and gas producer, reported a 29.4
percent net profit jump to 80.7 billion yuan ($10.1 billion) for the
first six months of this year from 62.4 billion yuan in first half 2005,
the company said Wednesday.
COSL Announces
2006 Interim Results
Tuesday, August 22, 2006
-
China Oilfield Services Limited ("COSL" or "the Company"; stock code:
2883), the leading integrated oilfield services provider in the offshore
China market, announced its interim results for the six months ended
June 30, 2006.
Shell Faces
Rough Ride Over Sakhalin Gas Project
Tuesday, August 22, 2006
-
In any
competition for the oil industry's most angst-filled executives, Royal
Dutch Shell's Russia negotiators would merit a mention, given the
mounting pressure on Shell's $20bn (E15.5bn, £10.6bn) gas project on
Sakhalin Island.
PetroChina
Finds New Oil Reserves in Daqing Field
Monday, August 21, 2006
-
In
the first half of the year, PetroChina Co. (PTR) found 250 million
metric tons of oil reserves in its Daqing field in northeastern China,
equivalent to 1.83 billion barrels, the official Xinhua News Agency
reported.
Devon Sets Out
to Follow Husky Gas Discovery
Friday, August 18, 2006
-
Devon Energy
will within weeks begin collecting data on a block in the South China
Sea next to where rival Husky Energy reported one of the largest
offshore gas fields ever found in Chinese waters.
Taiwan's CPC
Eyes Oil Exploration in Paraguay, Guatemala
Tuesday, August 15, 2006
-
Taiwan's
state-owned Chinese Petroleum Corp. (CPC) will step up overseas oil
exploration amid soaring world oil prices, and it is assessing the
possibility of oil exploration in Paraguay and Guatemala, CPC officials
said Monday.
China's
First Strategic Oil Reserve to Begin Operation in October
Wednesday, August 09, 2006
-
China's first
strategic oil reserve will be completed in August and go into operation
in October, said sources with the National Development and Reform
Commission.
CNOOC and
Husky Team Up Again to Explore Deepwater Areas
Tuesday, August 08, 2006
-
CNOOC will team up again with Husky Oil China Limited in exploring
deepwater areas Offshore China. A Production Sharing Contract has been
inked by both parties for block 29/06 in Eastern South China Sea.
Apache
Completes Sale of Oil Production Interest in China
Tuesday, August 08, 2006
-
Apache Corp.
said Tuesday that it has completed the previously announced sale of its
24.5-percent interest in China's producing Zhao Dong block to
Australia-based ROC Oil Co. Limited for US$260 million.
Japan Confirms
China Has Not Begun Production at Chunxiao Gas Field
Monday, August 07, 2006
-
China has yet to begin full-fledged production in the Chunxiao gas field
in the East China Sea, where Japan and China are at odds over resource
exploration rights, the Japanese Foreign Ministry's top bureaucrat said
Monday.
Chinese Rig
Starts Drilling for Oil Off Russia's Sakhalin
Monday, August 07, 2006
-
The Chinese
offshore drilling platform Kantan-3 has commenced drilling an
exploration oil well on the Sakhalin shelf as part of the Sakhalin-3
project.
Taiwan's CPC
to Continue Oil Exploration Projects in Chad
Monday, August 07, 2006
-
Taiwan's
state-owned Chinese Petroleum Corp. (CPC) said Sunday it will continue
its oil exploration projects in Chad even though the two countries have
severed diplomatic ties.
Flowserve
Dedicates Shop Near Shanghai
Monday, August 07, 2006
-
Flowserve Corp., a leading provider of fluid motion and control products
and services, held a dedication ceremony Monday at its new pump, valve
and seal manufacturing facility in Suzhou, China.
CNOOC Fully
Starts Production of Gas Field in East China Sea
Friday, August 04, 2006
-
CNOOC Ltd. has begun production in its East China Sea gas field, which
has been the focus of a dispute with Japan. It's the first time CNOOC
has publicly acknowledged it launched production at Chunxiao.
Typhoon
Prapiroon Moves Closer to South China
Thursday, August 03, 2006
-
At
least one person was scratched by falling containers Wednesday afternoon
in Hong Kong as Typhoon Prapiroon gained its strength in the South China
Sea and brought occasional heavy rains and strong wind to the
metropolis.
Russian
Official: Sakhalin-2 Oil Project Environmentally Unsafe
Thursday, August 03, 2006
-
The construction of oil and gas pipelines for the Sakhalin-2 project
should be suspended for environmental reasons, Oleg Mitvol, deputy head
of the Russian Federal Service for Regulation of the Use of Natural
Resources (Rosprirodnadzor), has said.
Roc: 'No
Unpleasant Surprises' from Beibu Discovery
Tuesday, August 01, 2006
-
Roc
Oil Co. Limited reported that preliminary appraisal results from the
second sidetrack well drilled at the recent Wei 6-12S-1 oil discovery in
Block 22/12 in the Beibu Gulf, offshore China, range from encouraging to
as expected.
Fortune
Garners Liulin CBM Rights
Tuesday, August 01, 2006
-
Fortune Oil PLC said that the Chinese Ministry of Commerce has approved
the transfer of the foreign contractor rights in the Liulin block
Production Sharing Contract (PSC) for coal bed methane (CBM) to Fortune
Liulin Gas Co. Limited.
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