China is making a major power play to expand its global energy influence. The United States has long played an outsized role in global geopolitics and energy markets thanks to the shale revolution which jettisoned the country to the top of the fossil fuel food chain. But if you’ve been …
Read More »China’s National Oil Company Brings First Offshore Wind Project into Operation
China’s offshore oil and gas major CNOOC Ltd announced on Tuesday that its first offshore wind power project has connected to the grid and begun to generate power The wind power project, located in the sea area nearby China’s eastern province of Jiangsu, and with a total installed capacity of …
Read More »CNOOC Starts Production from Oilfield Offshore China
China’s CNOOC Limited has started production from the Luda 21-2/16-3 regional development in the Bohai Sea. The Luda 21-2/16-3 regional development project is located in Liaodong Bay of Bohai Sea, about 39 kilometres north of Luda 10-1 oilfield and 90 kilometres northwest of the Suizhong 36-1 onshore terminal. The average …
Read More »CNOOC Announces Significant South China Sea Discovery
CNOOC Limited has made a significant discovery of Huizhou 26-6 in Eastern South China Sea. It is expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of Pearl River Mouth Basin. The Huizhou 26-6 structure is located in Huizhou Sag in Zhu1 …
Read More »China Oil Titans Plan Joint Crude Buying to Add Bargaining Power
China’s state-owned oil refining giants are in discussions to form a purchasing group to buy crude together, increasing their bargaining power and avoiding bidding wars. Senior executives from China Petroleum & Chemical Corp., PetroChina Co., Cnooc Ltd. and Sinochem Group Co. are in advanced talks to iron out details of …
Read More »China Forces Energy Giants to Share in Pipeline Reform Preview
China’s top natural gas buyers have been directed by regulators to share import infrastructure, one of the broadest government efforts yet to enforce reform policies aimed at bolstering energy security and breaking down market barriers between the nation’s three state energy giants. The move comes as the world’s biggest gas …
Read More »Shell to Supply Carbon-Neutral LNG Cargoes to China’s CNOOC
LNG giant Shell said it recently signed a deal to supply carbon-neutral liquefied natural gas cargoes to CNOOC Gas & Power Group, a unit of China National Offshore Oil Corporation. Hague-based Shell said on Monday that these shipments will be the first carbon-neutral LNG cargoes to Chinese Mainland. The cargoes …
Read More »CNOOC Unveils State-of-Art FPSO Vessel to Tap Oil, Gas Reserves in South China Sea
Chinese state-owned China National Offshore Oil Corporation (CNOOC) unveiled a home-grown floating production storage and offloading vessel, known as an FPSO, with the deepest working depth, at 420 meters underwater, on Friday. CNOOC said the vessel will help boost oil and gas exploration in the South China Sea. The 256-meter-long …
Read More »China Likely to Miss 2020 Gas Storage Targets amid COVID-19
China’s move to speed up the construction of natural gas storage facilities is expected to boost the storage capacity over the next two-three years, but the country is unlikely to meet its 2020 targets amid incomplete market liberalization reforms and coronavirus pandemic, trading sources said. City gas suppliers have so …
Read More »LNG Market Rout Offers Glimmer of Hope
The hit to Chinese demand for LNG due to coronavirus has exacerbated the already weak market.
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