Tag Archives: China National Petroleum Corporation (CNPC)

The Sichuan shale gas blocks have a total proven reserve of 1.06 trillion cubic meters.

The drone attacks on the Khurais oilfield and the Abqaiq oil processing facility took an estimated 5.7 million bpd in production capacity off the market.

Spot gas prices in the EU have more than halved. falling from $250 per thousand cubic meters last autumn to $110-120 in summer 2019.

Earlier this year. Novatek agreed to sell a 20% stake in Arctic LNG 2 to China’s Cnooc Ltd.

An official with the National Iranian Oil Company (NIOC) said that the development project of South Pars Phase 11 would commence this Iranian calendar year (ending on March 20).

Saudi Arabia remained China’s top oil supplier last month.

Iranian companies will replace foreign firms in major oil and gas projects of the country after some international contractors slowed down their activities under unilateral pressures from the US.

CNPC will wait for more guidelines from the U.S. Treasury before further moves in dealing with Venezuelan oil.

China has imported 339.000 barrels a day of Venezuelan oil this year.

The Japan Arctic LNG consortium comprises Mitsui &. Co and Japan Oil. Gas and Metals National Corporation.