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China Energy News

 

'World Largest' Offshore Converter Station Debuts in China

Aug 09, 2021

The installation on what is reported to be the world’s largest offshore converter station is being hailed by China Classification Society (CCS) as ‘a significant milestone’ in the development of deep-water wind power. CCS provided authentication and survey services for the China Three Gorges Corporation (CTG) Rudong offshore converter station, which is also an Asian first.CCS says the facility effectively…

China Looks to Lock in US LNG as Energy Crunch Raises Concerns

Oct 15, 2021

Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term liquefied natural gas (LNG)supplies, as soaring gas prices and domestic power shortages heighten concerns about the country's fuel security, several sources said…

CNOOC Starts Production from Bozhong 19-4 Project

Sep 24, 2021

Chinese offshore oil producer CNOOC said Friday it had begun producing oil from its Bozhong 19-4 project in the south of the Bohai Sea. Located in an average water depth of about 21 meters, the project uses the existing processing facilities of Bozhong 25-1 oilfield…

China's Crude Oil Imports Rebound

Aug 09, 2021

China's crude oil imports rebounded in July from a six-month low as state-backed refiners ramped up output after returning from maintenance, though independent refineries slowed restocking amid probes by Beijing into trading and taxes.China brought in 41…

China Starts Production at 100,000 DWT Deepwater Semi-sub FPSO

Aug 02, 2021

China Classification Society (CCS) is reporting the successful surveying of the world’s first 100,000 DWT deep-water semi-submersible floating production storage and offloading installation (FPSO).Dubbed Shen Hai Yi Hao, the platform is formally…

Oil Drops on China Economy Concerns

Aug 02, 2021

Oil prices fell on Monday on worries over China's economy after a survey showed growth in factory activity slipped sharply in the world's second-largest oil consumer, with concerns compounded by a rise in oil output from OPEC producers.Brent crude oil futures slid by 74 cents…

China Crude Processing Spikes to All-time High

Jun 24, 2021

Chinese refinery crude oil throughput has reached its highest level ever, with total processed volumes up 12% in the first five months of this year compared to 2020, and up 10.9% from the same period in 2019. In total 292.7m tonnes have been…

AGR Secures Contract for Jade Prospect, Offshore China

Apr 28, 2021

Independent energy services company AGR said it has won a contract to assist with well planning and engineering on the Jade prospect in Block 29/11, offshore China.The contract, signed with oil and gas development company Empyrean Energy, will…

China's Fuel Clampdown Curbs Its LCO Imports

Apr 28, 2021

China’s imports of light cycle oil (LCO) are set to fall in coming months as authorities crack down on its illicit trading and sales in South China, dealing a blow to the $10 billion market and to refiners in top supplier South Korea.China’s…

Sinopec Reports $2.9 Billion Q1 Net Profit

Apr 28, 2021

China Petroleum & Chemical Corp swung to a first-quarter profit from a loss a year earlier, with net income reaching 18.54 billion yuan ($2.86 billion), amid a recovery in global oil prices and robust demand for refined oil products.Asia's top oil refiner…

Petronas Exports LNG in ISO Tanks to China

Apr 26, 2021

Malaysia's Petroliam Nasional Bhd said on Monday that it has started exports of liquefied natural gas (LNG) in ISO tanks to China from its filling facility in Pengerang in the southern state of Johor.The country's export of LNG through ISO tanks…

China Seizes 11 Ships in $770 Million Oil Smuggling Bust

Mar 16, 2021

China foiled criminals seeking to smuggle nearly 1 million tonnes of refined oil worth 5 billion yuan ($770 million), with officials seizing 11 ships and detaining 171 suspects in a sprawling swoop on Tuesday, customs authorities said.The operation…

CNOOC Needs to Double Down on Drilling and Deals in Carbon-cutting Gas Pivot

Mar 11, 2021

A rapid rise in offshore drilling and deepwater gas extraction may seem an unlikely path to lower emissions, but are central planks of Chinese energy major CNOOC Ltd’s plan to help hit Beijing’s climate goals.While global peers like BP, Royal…

Venezuelan Oil Exports Rise on Larger Sales to Asia

Mar 02, 2021

Venezuela’s oil exports rose in February to over 700,000 barrels per day (bpd), their highest level in 10 months, pushed by more sales of fuel oil cargoes to new clients in Asian markets, according to Refinitiv Eikon’s tanker tracking data and documents…

UK, Japan Concerned Over East, South China Seas Situation

Feb 03, 2021

Four ministers from Japan and Britain voiced serious concern on Wednesday about the situation in the East and South China seas and opposed any unilateral attempts to change the status quo, in a apparent reference to China’s maritime expansion…

Current News

China Looks to Lock in US LNG as Energy Crunch Raises Concerns

China Looks to Lock in US LNG as Energy Crunch Raises Concerns

New Kupe Compressor to 'Allow Us to Suck Harder on the Straw,' NZOG CEO Says

New Kupe Compressor to 'Allow Us to Suck Harder on the Straw,' NZOG CEO Says

Oil Prices Hit a Fresh Three-year High on Supply Deficit Concerns

Oil Prices Hit a Fresh Three-year High on Supply Deficit Concerns

Bounty Farms Into Coastal's Cerberus Project, Off W. Australia. Drilling Planned for 2022

Bounty Farms Into Coastal's Cerberus Project, Off W. Australia. Drilling Planned for 2022

Wearing Men's PPE Puts Women Working Offshore at Risk, Red Wing Says

Wearing Men's PPE Puts Women Working Offshore at Risk, Red Wing Says

Oil Rises on IEA Demand Forecast

Oil Rises on IEA Demand Forecast

BP to Buy All Oil Produced from Cliff Head Offshore Field (Australia)

BP to Buy All Oil Produced from Cliff Head Offshore Field (Australia)
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