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Oil Equipment Companies to Compete for Display at cippe2010: According to figures released by China's National Bureau of Statistics, China's major industrial enterprises (with an operating revenue exceeding RMB 5 million) generated a total profit of RMB 2,589.1 billion last year, increasing 7.8 percent on an annual basis. The figures ...

Chinese cities benefit from gas supply from Central Asia: URUMQI, Jan. 6 (Xinhua) -- A 1,833-km pipeline carrying natural gas from Central Asia to Urumqi, capital of northwest China's Xinjiang, will take another 10 days to provide a stable supply, said a city official Wednesday. "The pipeline's pressure is still low, and we are unable ...

CNPC confirms bid for Australian coal-bed gas supplier: Jiang Jiemin, president of China National Petroleum Corporation (CNPC), confirmed yesterday that the CNPC and Royal Dutch Shell Plc are jointly bidding for Arrow Energy, an Australian coal-bed gas supplier. "The bid is still in its initial phase and we currently have no timetable...

Sinopec Zhenhai Refinery 2009 Crude Throughput Down On Year: SHANGHAI -(Dow Jones)- China Petroleum & Chemical Corp. (SNP)'s 462,000- barrel-a-day Zhenhai refinery in east China processed the largest volume of crude oil last year among domestic refineries, but its crude throughput fell. Zhenhai refinery processed 19.17 million metric tons ...

China exports more oil production equipment as oil price abroad shoots upward: BEIJING, Dec. 23 (Xinhua) -- China sold abroad 3.25 billion U.S. dollars worth of oil production equipment and related products, including drilling machines and spare parts and steel oil pipe, in the first three quarters of this year, an increase of 67.4 percent on the same ...

Sinopec Zhenhai refinery to try heavy crude: Jan. 22, 2010 (China Knowledge) - The Zhenhai Refinery of China Petroleum & Chemical Corp, also known as Sinopec, has started refining Castilla Blend crude oil imported from Columbia, sources reported. Castilla Blend, a kind of heavy crude oil, has nearly 2% of sulfur content and ...

Tullow partners with CNOOC, Total to develop oil sector in Uganda: KAMPALA, Feb. 17 (Xinhua) -- Tullow Oil has decided to partner with China National Offshore Oil Corporation (CNOOC) and France's Total to develop oil sector in western Uganda, a Ugandan official said here on Wednesday. Fred Kabagambe Kalisa, the permanent secretary of ministry of ...

CNPC Starts Drilling First Overseas Offshore Well: China National Petroleum Corp. said Tuesday it had recently started drilling its first overseas offshore exploration well as it expands its expertise to the offshore sector. The nation's top oil and gas producer, which operates mostly in onshore fields, plans to finish drilling ...

Four CNOOC oil, gas fields start production: BEIJING, Dec. 30 (Xinhua) -- China National Offshore Oil Company Limited (CNOOC Ltd.) announced Wednesday that its four oil and gas fields in east China's Bohai Sea area had started production. The four oil and gas fields are Jin Zhou 25-1 South (JZ25-1S), Caofeidian (CFD)18-2, ...

Sino-Kazak pipeline transports 20 mln tons of oil to China: URUMQI, Jan. 25 (Xinhua) -- The Sino-Kazak Pipeline has piped more than 20 million tonnes of crude oil from Kazakhstan to China since it became operational in 2006, according to the regional government of Xinjiang. Last year, the pipeline carried 7.73 million tonnes of crude oil ...

China's Gas Output on the Rise, But Still Short of Demand: Although China's natural gas output rose by 7.7 percent last year, it was still not enough for ever rising domestic demand, data released by an industry association said. The country produced 83 billion cubic meters of natural gas last year, while consumed 87.45 billion cubic ...

Husky's Chief Heads to China to Run Asia-Pacific Ops: Husky Energy announced that Mr. John C.S. Lau has advised the Board of Directors of his intention to retire as President & CEO of the Company. The Board will make an announcement regarding the appointment of a successor in due course prior to Mr. Lau's retirement taking effect. ...

CNPC to build 10 gas storage facilities: BEIJING, Feb 25 (Reuters) - China CNPC, the country's top oil and gas producer, plans to build 10 gas storage facilities in the run up to 2015 to better prepare for potential future shortages, domestic media reported on Thursday. The facilities will be able to store 22.4 billion ...

Pertamina Signs Gas Deals Worth $265M: Indonesian state-run oil and gas company Pertamina EP signed four contracts worth US$265 million, as part of the Upstream Oil and Gas Regulatory Agency BP Migas' efforts to meet domestic gas demand. "Pertamina EP is committed to supply more than 71.2 billion cubic feet of gas to ...

Husky's Chief Heads to China to Run Asia-Pacific Ops: Husky Energy announced that Mr. John C.S. Lau has advised the Board of Directors of his intention to retire as President & CEO of the Company. The Board will make an announcement regarding the appointment of a successor in due course prior to Mr. Lau's retirement taking effect. ...

China Seeks Access to Untapped Arctic Resources: China has started exploring how to reap economic and strategic benefits from the ice melting at the Arctic with global warming, a Stockholm research institute said Monday. Chinese officials have so far had been cautious in expressing interest in the region for fear of causing ...

PetroChina to invest RMB 16 bln in Sichuan: Mar. 1, 2010 (China Knowledge) - PetroChina, the nation's top oil producer, is planning to invest RMB 16 billion in Sichuan Province, in a move to boost the oil and gas production in the area, according to a statement released by China National Petroleum Corp, the parent of ...

Sinopec may subsidize oil product exports: Sinopec, China's biggest oil refiner, will subsidize refined oil products by its refineries starting in March in an effort to encourage oil product exports, a person from a Sinopec refinery told National Business Daily on Monday, saying the subsidy was 130 yuan ($19) per ton. The ...

China's Oil Demand Expected to Grow Faster in 2010: China's oil demand is expected to increase faster amid better domestic economy, according to Zhu He, senior engineer of Sinopec's Economics and Development Research Institute. The country's oil apparent consumption is estimated to increase five per cent year on year to 427 ...

China Guangdong plans USD 7 billion gas grid by 2020: Reuters reported that China manufacturing hub, the province of Guangdong, has started building a natural gas pipeline grid to supply 60 billion cubic meters of the clean fuel by 2020. Guangzhou Daily said citing a plan by the provincial economic planner a total of 3,170 ...

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